Freedonia In The News

Article Title: Demand for private security services projected to rise in U.S.
By: Joel Griffin
Publication: SecurityInfoWatch, 11/7/2012
Freedonia Study: Private Security Services (2944)

Quote from article
According to a new study conducted by Cleveland-based market research firm The Freedonia Group, demand for private contracted security services - including systems integration, alarm monitoring, security consulting, and guard services among others – in the U.S. is expected to increase 5.4 percent annually to $64.5 billion in 2016. The research firm said that this increase in demand, which had been stymied somewhat by the recession, will be driven by a gradually improving economy and a growth in both residential and commercial construction.
Display Full Text of Article


Article Title: Evaluating the Role of Security Officers Today
By: Mark McCourt
Publication: Security Magazine, 2/1/2013
Freedonia Study: Private Security Services (2944)

Quote from article
nd security officers are becoming more vital. The Freedonia Group forecasts the private security officer industry will grow 4.6 percent to $25 billion in revenue by 2014 (forecast prior to Newtown). The U.S. Department of Labor identifies 1,033,000 private security officers employed. The training, purpose and role of the profession need to be made clear to those it seeks to serve, through information and education – marketing really.
Display Full Text of Article


Article Title: Steady Growth for Security Services
By:
Publication: The Futurist, 3/6/2013
Freedonia Study: Private Security Services (2944)

Quote from article
Private security consultants and alarm-monitoring services are among the sectors expected to see steady growth in the United States, according to Freedonia Inc., a market-research firm. As the economy continues to recover, pushing investment in construction, demand will increase rapidly for consultants, systems integration and management, and new electronic security systems. Another trend driving this growth is the aging population, as individuals seek independence and peace of mind with personal emergency-response services.
Display Full Text of Article


Article Title: Private detectives filling gaps left by police budget cuts
By: Alana Semuels
Publication: Los Angeles Times, 2/20/2013
Freedonia Study: Private Security Services (2944)

Quote from article
Private detectives are just one piece of the private sector security and policing services that people are increasingly turning to as they worry about crime. The U.S. private security industry is expected to grow 6.3% a year to $19.9 billion by 2016, according to a study by security research group Freedonia Group Inc. Even some in the public sector are trying to tap into the industry to save money; one Tennessee power department laid off security officers last year and replaced them with security technology and private contractors.
Display Full Text of Article

Return to Document