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Security Services in New Mexico

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NM56161

Security Services in New Mexico industry analysis

The Security Services industry in New Mexico is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Security Services in New Mexico Market Research Report

What’s Included in the Security Services in New Mexico Market Research Report

Definition of the Security Services in New Mexico?

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. Players offer these services to banks, consumers, retailers, government agencies and other clients.

What’s included in the Security Services in New Mexico?

The Security Services in New Mexico includes security guard and patrol services, armored car services, corporate investigative services, polygraph services, security guard and crowd control services for temporary events, private detective services and bodyguard services. Related terms covered in the Security Services in New Mexico industry report includes technology that involves the use of face, fingerprint or similar recognition of individuals to ensure secure access, a system of video surveillance equipment that transmits images to a specific set of monitors and a security system that involves the use of video, such as cctv systems.

Industry Performance of the Security Services industry in New Mexico

Benchmark the Security Services in New Mexico industry performance with all NM county and national performance.

Security Services in New Mexico

#33 in Highest Revenue 0.5% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Security Services in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Security Services industry in New Mexico

See how key industry drivers, such as new business formation, population, per capita disposable income, number of businesses, corporate profit and urban population are impacting Security Services in New Mexico

New Mexico Economic Indicators

New Business Formation
Population
Per Capita Disposable Income

View more economic information in NM State Economic profile

US Key External Drivers

Number of businesses
Corporate profit
Urban population

For the full list of industry drivers, see report purchase options.

County Data of the Security Services industry in New Mexico

Access proprietary data on county in the Security Services in New Mexico, such as Bernalillo County, Santa Fe County and Doã±a Ana County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Security Services industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Security Services industry in New Mexico in 2025?

The market size of the Security Services industry in New Mexico is $229.6m in 2025.

How many businesses are there in the Security Services industry in New Mexico in 2025?

There are 101 businesses in the Security Services industry in New Mexico, which has been declining at an average annual rate of -2.4% from 2020 to 2025.

Has the Security Services industry in New Mexico grown or declined over the past 5 years?

The market size of the Security Services industry in New Mexico has been declining at an average annual rate of -2.7% from 2020 to 2025.

How many employees in the Security Services industry in New Mexico in 2025?

There are 3,471 employees in the Security Services industry in New Mexico, which has been declining at an average annual rate of -0.3% from 2020 to 2025.