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 Key Buyers Chapter
IBISWorld estimates that the four largest players in this industry account for 30.2% of market share in 2014, indicating a low level of concentration. With 51.0% of enterprises having fewer than five employees, the industry consists predominantly of small, independently run security teams. Given that many security guards work part-time, major companies with over 500 employees account for only 2.0% of total enterprises.
Medium and large firms do, however, offer integrated security, cash handling and other value-added services. During the next five years, the overall level of industry concentration is not expected to change, although the industry's largest companies are expected to engage in aggressive merger and acquisition activity going forward... purchase to read more