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 - Starting a New Business Chapter
The Security Services industry has a low level of concentration, with the top four players accounting for 30.2% of market share. The industry's largest firms do not represent a substantial portion of the industry's market share, and smaller industry firms are generally able to enter and exit the industry with ease. However, companies that aim to enter the industry must be aware of increasing competition from other industries that provide comparable services such as alarm companies (IBISWorld report 56162). These firms will pose a threat to the industry as more clients look for cost-effective alternatives to hiring manned security staff.
This industry is highly labor intensive, but it has minimal capital requirements... purchase to read more