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 - Industry Locations Chapter
The Security Services industry is largely concentrated according to population density. A greater concentration of security services companies occurs in regions with large populations and cities, especially in the Southeast, West and Mid-Atlantic. Similarly, the dispersion of revenue largely follows the concentration of establishments. Since areas with higher populations often have a greater number of businesses requiring security services, the industry's presence is strongest among large metropolitan areas. This level of geographic concentration is not expected to change during the next five years.
The Southeast region has the largest number of industry establishments. The region accounts for about 26.7% of total industry offices in 2016... purchase to read more