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 Key Buyers Chapter
Market share concentration in the Security Services industry is low. However, IBISWorld estimates that the four largest players in this industry account for slightly more than 22.0% of market share in 2015. Nevertheless, the majority of companies in this industry are small, with 51.0% of enterprises having fewer than five employees. Conversely, major companies with more than 500 employees are expected to account for only 2.0% of total enterprises in 2015.
During the five years to 2020, the overall level of industry concentration is expected to slightly increase, as the industry's largest companies are expected to continue to engage in mergers and acquisitions... purchase to read more