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 Investment Chapter
This industry requires a low level of capital investment because all of its major activities involve a high degree of direct labor input. While substantial investment must be made for some services, such as the purchase of armored trucks for cash transport, the majority of revenue is derived from labor-intensive services.
Most industry employees must complete a minimal amount of training compared with other service industries. Despite this factor, wages are the largest cost for operators, accounting for 57.3% of revenue in 2013. Labor costs come in the form of guards, investigative work and corporate employees. IBISWorld estimates that for every dollar spent on the use and replacement of building and equipment in 2013, $14.33 is spent on labor... purchase to read more