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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 | Apr 2015

Safe and secure: Increased demand from businesses with larger security budgets will bolster revenue

IBISWorld’s Security Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$31bn
Annual Growth 10-15
2.4%
Annual Growth 15-20
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Profit
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Employment
761,046
Businesses
10,964
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 Locations Chapter

The Security Services industry is largely concentrated according to population density. A greater concentration of security services firms occurs in regions with large populations and cities, especially in the Southeast, West and Mid-Atlantic. Similarly, the dispersion of revenue largely follows the concentration of establishments. Since areas with higher populations often have a greater number of businesses requiring security services, the industry's presence is strongest among large metropolitan areas. This level of geographic concentration is not expected to change during the next five years.

Southeast

The Southeast region has the largest number of industry establishments. The region accounts for about 26.7% of total industry offices in 2015... 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 servicesBodyguard services


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