Lock and key: Rising corporate spending on security will expand industry revenue

Over the five years to 2017, Security Services industry revenue is expected to increase as guard, investigative and other industry services became increasingly popular among corporate and government agencies. As corporate profit levels increased over the past five years, businesses had more funds available to spend on security services, and an increase in the number of new businesses has led to an expansion in the potential pool of clientele for industry services. Over the five years to 2022, the Security Services industry is expected to encounter serious competition from security alarm service systems, which install remote-monitoring security systems, as well as provide off-site response services...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Businesses will expand their security staff as budgets improve, boosting industry demand
  • Profit growth was constrained by rising industry wage costs
  • The industry is expected to endure serious competition from high-tech security systems
  • Industry Report - Industry Locations Chapter

    The Security Services industry is largely concentrated according to population density. A greater concentration of security services companies occurs in regions with large populations and cities, especially in the Southeast, West and Great Lakes. 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 over the next five years.SoutheastThe Southeast region has the second largest number of industry establishments. The region accounts for 15.6% of total industry offices in 2017. The...purchase to read more.

    Additional Insights for the Security Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Security Services Industry are

  • Ability to compete on tender
  • Fast adjustments made to changing regulations
  • Close monitoring of competition
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Number of businesses in the Security Services industry impact industry performance..

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    What's in this report

    What is the Security Services Industry?

    Security service companies provide one or more of the following: investigative 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 perform credit checks or sell security systems, such as burglar and fire alarms.

    Industry Products
  • Security guard services for buildings and grounds
  • Security guard services for special events
  • Armored vehicle services
  • Investigation services
  • Other services
  • Industry Activities
  • Armored car services
  • Security guard and patrol services
  • Polygraph services
  • Corporate investigative services
  • Security guard and crowd control services for temporary events
  • Private detective services
  • Bodyguard services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Number of businesses
  • Crime rate
  • Value of private nonresidential construction

  • Current Performance
  • Economic growth boosts industry demand
  • Industry structure and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology-based competition
  • Industry consolidation and new technology mitigate wage growth
  • Table: Security Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Security Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Manufacturing
  • Retail Trade
  • Transportation and Warehousing
  • Finance and Insurance
  • Non-Hotel Casinos
  • Casino Hotels
  • Public Administration

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing
  • Electronic & Computer Repair Services
  • Security Alarm Services

  • Products & Services
  • Security guard services for buildings and grounds
  • Investigation services
  • Armored vehicle services
  • Other services
  • Security guard services for special events
  • Chart: Security Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Corporations
  • Residential and other
  • Financial institutions
  • Government clients
  • Retail and leisure
  • Chart: Major Market Segmentation for the Security Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Security Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Security Services Industry

  • Industry Globalization
    Allied Universal, G4S PLC, Securitas AB,
  • Table: Allied Universal - financial performance
  • Table: G4S PLC - financial performance
  • Table: Securitas AB - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Security Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Security Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of businesses with employees (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A technology that involves the use of face, fingerprint or similar recognition of individuals to allow secure access.
  • Closed-Circuit Television
  • A technology that uses video surveillance equipment to transmit images to a specific set of monitors.
  • Monitored Security System
  • A security system that involves the use of video, such as CCTV systems.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Security Services contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Security Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Security Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Security Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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