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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 | Jun 2014

Staying vigilant: Recovery across the US economy will enable consistent revenue growth

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
$27bn
Annual Growth 09-14
-0.2%
Annual Growth 14-19
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Profit
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Employment
695,227
Businesses
10,883
Industry Analysis & Industry Trends

Security providers experienced flat revenue growth during the recession as companies scaled back their security spending and bankruptcies reduced the pool of potential clients. However, as the economy recovers, so will industry demand. Security providers will face competition from high-tech alternatives like CCTV and alarm systems, but large operators will adapt by providing integrated security services... purchase to read more

Industry Report - Industry Key Buyers Chapter

IBISWorld estimates that the four largest players in this industry account for 30.2% of market share in 2014, indicating a low level of concentration. With 51.0% of enterprises having fewer than five employees, the industry consists predominantly of small, independently run security teams. Given that many security guards work part-time, major companies with over 500 employees account for only 2.0% of total enterprises.

Medium and large firms do, however, offer integrated security, cash handling and other value-added services. During the next five years, the overall level of industry concentration is not expected to change, although the industry's largest companies are expected to engage in aggressive merger and acquisition activity going forward... 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
On-site security guard servicesArmored vehicle servicesInvestigation servicesOther servicesSecurity personnel at special events
 
Industry Activities
Armored car servicesBodyguard servicesPolygraph servicesPrivate detective servicesSecurity guard services


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