Increased surveillance: Increasing corporate profit and consumer spending will drive growth

The Private Detective Services industry provides valuable information collection services to businesses and consumers. Industry operators use a wide range of services to generate revenue, including locating a missing person, running background checks or performing general surveillance on a target of interest. Consequently, the industry performed relatively well as the economy as a whole has strengthened over the period. Moreover, in the five years to 2021, the industry is expected to continue to grow. This is because demand for industry products is expected to remain robust, and sustained profitability and revenue growth are anticipated to encourage new participants to enter the industry...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 11-16
1.6%
Forecast Growth 16-21
Profit
Employment
62,221
Businesses
24,438
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • Corporate profit and per capita disposable income growth have contributed to increased spending on discretionary services
  • The barriers to becoming a private detective are anticipated to be low
  • The activity of corporate and legal clients has strengthened downstream demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Private Detective Services industry is in the mature stage of its industry life cycle. The industry exhibits several characteristics of a mature industry, such as slow growth, a well-defined service portfolio and little room for any single industry to capture significant market share. Overall, the industry's value added, IVA, which is a measure of the industry's overall contribution to the economy, is expected to increase at an annualized rate of 1.5% in the 10 years to 2021. This is markedly slower than expected GDP growth of 2.0% over the same period. Growth slower than GDP is characteristic of a mature industry. Furthermore, the number of industry enterprises is expected to increase marginally at an annualized 1.2% over the 10-year period to 2021. Slo...purchase to read more.

    Additional Insights for the Private Detective Services Industry

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

  • Ability to attract local support/patronage
  • Ability to avoid unnecessary work
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Number of businesses in the Private Detective Services industry impact industry performance..

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    What is the Private Detective Services Industry?

    This industry comprises companies and individuals that provide investigation and detective services for corporate entities and private citizens. This industry does not include operators that mainly provide guard and patrol services, nor does it include armored car services.

    Industry Products
  • Domestic and Family Investigation services
  • Legal investigation services
  • Insurance investigation services
  • Corporate investigation services
  • Preemployment services, including background checks
  • Other investigation services
  • Industry Activities
  • Preemployment screening
  • Litigation investigation
  • Locating missing people
  • Intelligence gathering
  • Spousal investigation
  • Due diligence
  • 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
  • Divorce rate
  • Per capita disposable income

  • Current Performance
  • Corporate demand
  • Private citizen demand
  • Employment and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Strengthening demand
  • Profitability continues
  • Table: Private Detective Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Law Firms
  • HR Consulting
  • Security Services
  • Security Software Publishing

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing
  • Camera Stores

  • Products & Services
  • Preemployment services, including background checks
  • Legal investigation services
  • Insurance investigation services
  • Corporate investigation services
  • Other investigation services
  • Domestic and Family Investigation services
  • Chart: Private Detective Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Miscellaneous businesses
  • Law firms
  • Government entities
  • Insurance companies
  • Private citizens
  • Chart: Major Market Segmentation for the Private Detective Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Private Detective Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Private Detective Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Private Detective 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 Private Detective Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Corporate profit (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Canvassing
  • Searching for a subject lost during a surveillance operation.
  • Claimant
  • An individual who submits a claim to an insurance company.
  • Out Of Pocket
  • Losing track of the subject the private investigator is conducting surveillance on.
  • Surveillance
  • Observing someone secretly, without their knowledge. Surveillance may be documented or undocumented.
  • Why buy this report?

    IBISWorld’s industry research report on Private Detective Services provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Private Detective 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 Private Detective 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 Private Detective Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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