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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 | Jun 2014

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

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
$27bn
Annual Growth 09-14
-0.2%
Annual Growth 14-19
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Profit
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Employment
695,227
Businesses
10,883
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 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 66.5% of revenue in 2014. Labor costs come in the form of guards, investigative work and corporate employees. IBISWorld estimates that for every dollar put toward labor in 2014, $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
On-site security guard servicesArmored vehicle servicesInvestigation servicesOther servicesSecurity personnel at special events
 
Industry Activities
Armored car servicesBodyguard servicesPolygraph servicesPrivate detective servicesSecurity guard services


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