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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 | Oct 2014

Staying vigilant: Recovery across the US economy will enable consistent revenue growth

IBISWorld’s Security Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$29bn
Annual Growth 09-14
1.1%
Annual Growth 14-19
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Profit
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Employment
728,390
Businesses
11,169
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

Barriers to entry in this industry are moderate, as the top four industry players are expected to account for just under 28.0% of total industry revenue in 2014. However, there are more than 11,000 enterprises operating in this industry. This industry is highly labor intensive, but it has minimal capital requirements. Start-up costs, which are typically associated with hiring security guards and installing surveillance systems, are relatively small. Some service segments require more capital, such as the purchase of armored trucks for cash transport. Conversely, other services such as bodyguard protection require little capital investment on behalf of industry operators... 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 servicesBodygaurd services


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