Locked and loaded: Steadily increasing state government spending will keep industry growth strong

Over the five years to 2018, as Virginia's economy continue to grow, the Security Services industry in the state continues to reap the benefits. Industry operators offer services such as investigative and detective services, guard and patrol services, and the transportation of valuables for a variety of markets, including residential markets, commercial markets and government institutions. Government agencies are the industry's largest market in Virginia, as the state is home to various federal intelligence agencies.State and local government expenditure has increased in Virginia, benefiting industry operators. Over the five years to 2023, industry revenue is expected to continue to increase as the current trends hold...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Government clients are the VA industry’s largest market, as the state is home to various federal intelligence agencies
  • Additional Insights for the Security Services in Virginia Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Security Services in Virginia 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 Local and state government expenditure in Virginia and Consumer spending in Virginia in the Security Services in Virginia industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Security Services in Virginia Industry?

    Operators in the Security Services industry in Virginia provide one or more of the following: investigation and detective services; guard and patrol services; and protected transport of valuables, such as money, receipts and other items. The industry does not include companies that sell security systems, such as burglar and fire alarms.

    Industry Products
  • Armored vehicle services
  • Investigation services
  • Other services
  • Security guard services for special events
  • Security guard services for buildings and grounds
  • 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
  • Local and state government expenditure in Virginia
  • Consumer spending in Virginia
  • Crime rate
  • Value of private nonresidential construction in Virginia

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Security Services in Virginia 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
  • Other services
  • Investigation services
  • Armored vehicle services
  • Security guard services for special events
  • Chart: Security Services in Virginia Industry Products and Services Segmentation

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

  • Basis of Competition
    Barriers to Entry
    Securitas AB, Allied Universal, Brinks, G4S PLC,
  • Table: Securitas AB - financial performance
  • Table: Allied Universal - financial performance
  • Table: Brinks - financial performance
  • Table: G4S PLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Security Services in Virginia 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 Virginia Industry
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Local and State Government Expenditure in Virginia (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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 Market Report on Security Services in Virginia is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 Virginia:
    • 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 Virginia 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 Virginia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.