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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 | Feb 2016

Lock and key: Rising corporate spending on security will expand industry revenue

IBISWorld’s Security Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$32bn
Annual Growth 11-16
3.1%
Annual Growth 16-21
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Profit
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Employment
801,051
Businesses
11,133
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 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 65.2% of revenue in 2016. Labor costs come in the form of guards, investigative work and corporate employees. IBISWorld estimates that for every dollar put toward labor in 2016, $0.01 is spent on capital expenditures... 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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