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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 | Feb 2014

Staying vigilant: Slow economic recovery and competition will lead to minimal industry growth

IBISWorld’s Security Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 09-14
-0.2%
Annual Growth 14-19
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Profit
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Employment
699,838
Businesses
10,922
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 Analysis Chapter

During the five years to 2014, the industry has slowly recovered from dwindling demand for industry services during the recession. Consequently, IBISWorld estimates that industry revenue has remained relatively flat in the five years to 2014, decreasing at an annualized rate of 0.2% during the period. However, the industry's gradual decline in revenue is somewhat misleading. In 2009, industry revenue fell 5.7% as a result of the tail end of the recession and has grown at an average rate of 0.6% in the four years to 2014.

Security guards are facing serious competition from high-tech security systems, which include alarm monitoring, response services and closed-circuit television systems... 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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