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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

The Security Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 SWOT Analysis Chapter

The Security Services industry is in the mature phase of its life cycle. IBISWorld estimates that the industry's contribution to the overall economy, measured by industry value added (IVA), is expected to increase at an average annual rate of 2.7% in the 10 years to 2020. Comparably, GDP is expected to grow an annualized 2.5% during this period. IVA growth rates in-line or below overall economic growth are indicative of a mature industry.

In addition, a recessionary decline in demand for security services and increasing competition form external industries that provide similar services, constrained Security Services industry profit margins during the past five years... 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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