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Security Services in the US - Industry Market Research Report

  • June 2017
  • 37 pages
  • Ibisworld
Report ID: 199119

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Lock and key: Rising corporate spending on security will expand industry revenue

Abstract
Security Services in the US

Over the five years to 2017, Security Services industry revenue is expected to increase as guard, investigative and other industry services became increasingly popular among corporate and government agencies. As corporate profit levels increased over the past five years, businesses had more funds available to spend on security services, and an increase in the number of new businesses has led to an expansion in the potential pool of clientele for industry services.

Over the five years to 2022, the Security Services industry is expected to encounter serious competition from security alarm service systems, which install remote-monitoring security systems, as well as provide off-site response services. Industry operators will continue to combat alarm service systems by offering integrated security systems, which incorporate surveillance, communications and verification systems while stressing the importance of guard and patrol services.

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. The industry does not include companies that perform credit checks or sell security systems, such as burglar and fire alarms.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

MAJOR COMPANIES
- Securitas AB
- G4S PLC
- Allied Universal

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