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Security Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Security Services Market Research Report | NAICS 56161 | Feb 2016

Lock and key: Rising corporate spending on security will expand industry revenue

IBISWorld’s Security Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$32bn
Annual Growth 11-16
3.1%
Annual Growth 16-21
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Profit
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Employment
801,051
Businesses
11,133
Industry Analysis & Industry Trends

Operators in the Security Services industry provides security measures for businesses and public areas that have chosen to outsource security systems rather than take on the logistical burden of protecting their facilities themselves. Therefore, as US corporate profit levels increased after the recession, businesses had more funds available to spend on security services. In addition, an increase in the number of new businesses during the past five years has led to an expansion in the potential pool of clientele for industry services. In the five years to 2021, the Security Services industry is expected to face serious competition from security alarm service systems, which install remote-monitoring security systems, as well as provide off-site response services... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry in this industry are moderate, as the top four industry players are expected to account for slightly more than 25.0% of total industry revenue in 2016. However, there are roughly 11,000 enterprises operating in this industry. This industry is highly labor intensive, but it has minimal capital requirements. Start-up costs, which are typically associated with hiring security guards and installing surveillance systems, are relatively small. Some service segments require more capital, such as the purchase of armored trucks for cash transport. Conversely, other services such as bodyguard protection require little capital investment on behalf of industry operators... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Security Services Industry?

Security service companies provide one or more of the following: investigation and detective services; guard and patrol services; and protected transport of valuables including money, receipts and other items. The industry does not include companies that sell security systems, such as burglar and fire alarms.

Industry Products
Security guard services for buildings and groundsSecurity guard services for special eventsArmored vehicle servicesInvestigation servicesOther services
 
Industry Activities
Armored car servicesSecurity guard and patrol servicesPolygraph servicesCorporate investigative servicesSecurity guard and crowd control services for temporary eventsPrivate detective servicesBodyguard services


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