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 Locations Chapter
The Security Services industry is largely concentrated according to population density. A greater concentration of security services firms 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 2015... purchase to read more