Overview

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

IBISWorld’s Private Detective Services 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 Private Detective Services industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

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

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Products Chapter

    Industry operators are investigators by trade. Therefore, much of the work they provide falls under an investigation purview. However, the services rendered may change based on the type of company for which they are working. The highest-grossing services operators provide are listed below.

    Preemployment services, including background checks

    Preemployment services have quickly become the industry's most prominent service, accounting for an estimated 45.6% of industry revenue in 2016. Corporate clients pay private investigators to vet potential employees being considered during the hiring process. Ind..

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    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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    Look under the hood?

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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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 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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