Ring the alarm: Corporate profit is expected to provide further growth opportunities for the industry

The Security Services industry in Massachusetts covers a wide range of services that are reliant on a broad array of factors. Due to the localized nature of security services, operators serve customers within a specific region. Overall, this industry is expected to grow at an annualized rate of 2.3% to $735.8 million, with the primary growth factors derived from the fall in the crime rate, as well as increasing government expenditures. Government organizations are one of the top consumers of industry-relevant services, and are expected to account for 3.3% of industry revenue in 2018. IBISWorld anticipates that the value of government expenditures in Massachusetts is expected to grow at an annualized rate of 2.6% over the five years to 2018...purchase to read more.

Industry Statistics & Market Size
Revenue
$736m
Annual Growth 13-18
2.3%
Forecast Growth 18-23
Profit
Employment
17,538
Businesses
279

Industry Threats & Opportunities

  • The crime rate is projected to fall, potentially leading to less demand for industry services
  • Additional Insights for the Security Services in Massachusetts Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Security Services in Massachusetts 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 Crime rate and Corporate profit in the Security Services in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Security Services in Massachusetts 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 and patrol services
  • Pre-employment services
  • Investigation services, including personal background checks
  • Armored car services
  • Legal investigation 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
  • Crime rate
  • Corporate profit
  • Local and state government expenditure in Massachusetts
  • Consumer spending in Massachusetts

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Security Services in Massachusetts 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 and patrol services
  • Investigation services, including personal background checks
  • Armored car services
  • Legal investigation services
  • Pre-employment services
  • Other
  • Chart: Security Services in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Business firms
  • State and local governments
  • Individuals
  • Federal government
  • Not-for-profit organizations
  • Chart: Major Market Segmentation for the Security Services in Massachusetts Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Security Services in Massachusetts

  • Basis of Competition
    Barriers to Entry
    Securitas AB, Allied Universal, G4S PLC, Northeast Security Inc.,
  • Table: Securitas AB - financial performance
  • Table: Allied Universal - financial performance
  • Table: G4S PLC - financial performance
  • Table: Northeast Security Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Security Services in Massachusetts 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 in Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of businesses with employees (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biometrics
  • 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 Security Services in Massachusetts Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Security Services in Massachusetts industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Security Services in Massachusetts:
    • 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 in Massachusetts 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 in Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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