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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 | Apr 2015

Safe and secure: Increased demand from businesses with larger security budgets will bolster 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
$31bn
Annual Growth 10-15
2.4%
Annual Growth 15-20
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Profit
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Employment
761,046
Businesses
10,964
Industry Analysis & Industry Trends

During the five years to 2015, industry revenue modestly increased as guard, investigative and other industry services became increasingly popular among corporate and government services. 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. Furthermore, increased residential, commercial and public construction activity in the five years to 2015 has heightened the need for security services. However, In the five years to 2020, the Security Services industry is expected to face serious competition from security alarm service systems... purchase to read more

Industry Report - Industry Products Chapter

The security products offered by this industry include patrols and guarding services, cash transit, security transport (of documents, data and valuables) and security consulting services.

On-site security guard services

The security guards segment includes security professionals who are hired to guard people, property and buildings. On-site guards perform a variety of tasks, including maintaining a security presence at a front desk or gate, guarding manufacturing plants and equipment, monitoring computer rooms, checking automatic machinery and maintaining visitor logs. On-site security guards for buildings and grounds are expected to account for 67.0% of industry revenue in 2015... 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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