Private Security Services

As Quoted In Financial Times

Gains in US security service demand will be supported by the real and perceived risk of crime and by accelerating economic activity, particularly as new businesses form and create new users of security services.

US demand to rise 4.2% annually through 2019

US demand for private contracted security services is projected to expand 4.2 percent per year through 2019 to $66.9 billion. Gains will be supported by the real and perceived risk of crime and by accelerating economic activity, particularly as new businesses form and create new users of security services. Revenues will benefit from a strong rebound in new nonresidential construction and an acceleration in residential construction activity, as well as major improvement and renovation projects. The use of contracted security will be further supported by the regulatory burden of fielding an in-house security force. Security is not a core competency for most businesses and as a result, outsourcing is generally more efficient.

Systems integration, consulting to grow fastest

Technological innovations in the security equipment industry can serve to boost security service revenues. The increasing complexity of security systems and their capabilities, such as digital video and audio surveillance and related analytics, will raise demand for systems integration and security consulting, which will see the fastest growth through 2019. The use of these more innovative products will also support related central station alarm monitoring demand, particularly advanced services such as voice response and video monitoring. Above average growth in the smaller personal emergency response systems (PERS) segment, spurred in part by an aging population and innovations such as mobile monitoring services, will further support alarm monitoring demand. As a result, demand for central station alarm monitoring services will advance 3.7 percent per year and exceed $20 billion in 2019.

Guarding services to remain largest segment

Increasingly sophisticated security technologies can also act as a restraint on demand for conventional manned services, as they may enable a space to be effectively secured with fewer guards. However, conventional manned services still have a place monitoring the equipment, as well as providing a deterrent effect and an immediate response to an event. Therefore, guarding services accounted for the largest share of revenues in 2014 and will continue to do so. Revenue growth will be supported by increasing use of highly trained guards who can work with more advanced security systems, as well as growing use of armed private guards in light of a number of recent well publicized shootings.

Study coverage

This Freedonia industry study analyzes the $54.5 billion US private security service industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by type (e.g., guarding, alarm monitoring, private investigation, correctional facility management, systems integration and management, armored transport, security consulting, pre-employment screening), market (e.g., commercial, government, industrial, institutional, residential) and US region. The study also considers market environment factors, details industry structure, evaluates company market share and profiles 36 industry players, including ADT, Securitas, and AlliedBarton.

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  1. Private Security Services

    $5,400.00

    1. 1 INTRODUCTION

      $94.00

    2. 2 EXECUTIVE SUMMARY

      $107.00

      1. Table | PRIVATE SECURITY SERVICE REVENUES

    3. 3 MARKET ENVIRONMENT

      $2,667.00

      1. 3.1 General

        $95.00

      2. 3.2 Demographic & Social Environment

        $235.00

        1. 3.2.1 Demographic Trends

          $140.00

          1. Table | POPULATION & HOUSEHOLDS

        2. 3.2.2 Employment Outlook

          $82.00

          1. Table | EMPLOYMENT OUTLOOK

      3. 3.3 Macroeconomic Environment

        $214.00

        1. Table | MACROECONOMIC INDICATORS

      4. 3.4 Consumer Spending Trends

        $103.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      5. 3.5 Building Construction Outlook

        $82.00

        1. Table | BUILDING CONSTRUCTION EXPENDITURES

      6. 3.6 Business Establishment Trends

        $111.00

        1. Table | BUSINESS ESTABLISHMENTS

      7. 3.7 Manufacturing Outlook

        $177.00

        1. Table | MANUFACTURERS' SHIPMENTS

      8. 3.8 Retail Sales Outlook

        $143.00

        1. Table | RETAIL SALES

      9. 3.9 Service Sector Outlook

        $121.00

        1. Table | SERVICE INCOME

      10. 3.10 Public Safety Environment

        $823.00

        1. Table | PUBLIC SAFETY SECTOR EMPLOYMENT, 2004-2013

        2. CHART II-1 SAFETY SECTOR EMPLOYMENT, 2014

        3. 3.10.1 Crime

          $358.00

          1. CHART II-2 US CRIME RATES, 2004-2013

          2. Table | VIOLENT CRIME LEVELS, 2004-2013

          3. Table | PROPERTY CRIME LEVELS, 2004-2013

          4. Table | INCIDENCES OF TERRORISM IN THE US, 2004-2013

          5. Table | SELECTED OTHER NONCONVENTIONAL CRIMES, 2004-2013

        4. 3.10.2 Adult Inmate Trends

          $175.00

          1. Table | ADULT INMATE POPULATION

        5. 3.10.3 Fire

          $134.00

          1. Table | FIRE LEVELS & LOSSES, 2004-2013

      11. 3.11 Technological Environment

        $186.00

      12. 3.12 Regulatory Environment

        $317.00

        1. 3.12.1 Security Guards

          $82.00

        2. 3.12.2 Alarm Monitoring

          $86.00

        3. 3.12.3 Private Investigators

          $82.00

        4. 3.12.4 Correctional Facility Management

          $82.00

        5. 3.12.5 Armored Transport

          $82.00

        6. 3.12.6 Pre-Employment Screening

          $82.00

        7. 3.12.7 Others

          $82.00

      13. 3.13 World Market

        $82.00

        1. CHART II-3 WORLD SECURITY SERVICE MARKET, 2014

    4. 4 SERVICES

      $3,556.00

      1. 4.1 General

        $84.00

        1. Table | PRIVATE SECURITY SERVICE REVENUES

        2. CHART III-1 SECURITY SERVICE REVENUES BY TYPES OF SERVICE, 2014

      2. 4.2 Guarding

        $599.00

        1. Table | SECURITY GUARD REVENUES

        2. 4.2.1 Market Trends

          $257.00

        3. 4.2.2 Applications

          $86.00

        4. 4.2.3 Vendors & Market Share

          $82.00

          1. CHART III-2 SECURITY GUARD MARKET SHARE, 2014

      3. 4.3 Alarm Monitoring Services

        $873.00

        1. Table | ALARM MONITORING SERVICE REVENUES

        2. CHART III-3 ALARM MONITORING REVENUES BY MARKET, 2014

        3. 4.3.1 Residential Intrusion & Fire

          $315.00

          1. Table | RESIDENTIAL INTRUSION & FIRE ALARM MONITORING MARKET

        4. 4.3.2 Nonresidential

          $142.00

          1. Table | NONRESIDENTIAL ALARM MONITORING MARKET

        5. 4.3.3 Personal Emergency Response System

          $143.00

          1. Table | PERSONAL EMERGENCY RESPONSE SYSTEM MONITORING MARKET

        6. 4.3.4 Vendors & Market Share

          $104.00

          1. CHART III-4 ALARM MONITORING MARKET SHARE, 2014

      4. 4.4 Private Investigation Services

        $259.00

        1. Table | PRIVATE INVESTIGATION REVENUES

        2. 4.4.1 Market Trends

          $107.00

        3. 4.4.2 Vendors

          $82.00

      5. 4.5 Correctional Facility Management

        $463.00

        1. Table | CORRECTIONAL FACILITY MANAGEMENT REVENUES

        2. 4.5.1 Market Trends

          $82.00

        3. 4.5.2 Market Threats

          $121.00

        4. 4.5.3 Vendors & Market Share

          $108.00

          1. CHART III-5 CORRECTIONAL FACILITY MANAGEMENT MARKET SHARE, 2014

          2. Table | SELECTED CORRECTIONAL FACILITY MANAGEMENT CONTRACT AGREEMENTS

      6. 4.6 Systems Integration & Management

        $239.00

        1. Table | SYSTEMS INTEGRATION & MANAGEMENT SERVICE REVENUES

        2. 4.6.1 Services & Technologies

          $82.00

        3. 4.6.2 Vendors

          $82.00

      7. 4.7 Armored Transport Services

        $340.00

        1. Table | ARMORED TRANSPORT SERVICE REVENUES

        2. 4.7.1 Traditional Armored Transport

          $117.00

        3. 4.7.2 ATM Servicing & Other

          $117.00

        4. 4.7.3 Vendors & Market Share

          $82.00

          1. CHART III-6 ARMORED TRANSPORT SERVICE MARKET SHARE, 2014

      8. 4.8 Security Consulting

        $216.00

        1. Table | SECURITY CONSULTING REVENUES

        2. 4.8.1 Services

          $82.00

        3. 4.8.2 Vendors

          $82.00

      9. 4.9 Pre-Employment Screening

        $371.00

        1. Table | PRE-EMPLOYMENT SCREENING SERVICE REVENUES

        2. 4.9.1 Market Trends

          $118.00

        3. 4.9.2 Vendors

          $86.00

      10. 4.10 Other Security Services

        $112.00

        1. Table | OTHER SECURITY SERVICE REVENUES

    5. 5 MARKETS

      $2,005.00

      1. 5.1 General

        $82.00

        1. Table | PRIVATE SECURITY SERVICE REVENUES BY MARKET

        2. CHART IV-1 PRIVATE SECURITY SERVICE REVENUES BY MARKET, 2004-2024

      2. 5.2 Nonresidential

        $1,709.00

        1. Table | NONRESIDENTIAL SECURITY SERVICE REVENUES BY MARKET

        2. CHART IV-2 NONRESIDENTIAL SECURITY SERVICE REVENUES BY MARKET, 2014

        3. 5.2.1 Commercial

          $606.00

          1. Table | COMMERCIAL SECURITY SERVICE REVENUES BY SERVICE & SECTOR

          2. Table | COMMERCIAL OFFICES & OFFICE BUILDINGS SECURITY SERVICE REVENUES

          3. Table | FINANCIAL INSTITUTIONS SECURITY SERVICE REVENUES

          4. Table | RETAIL SECURITY SERVICE REVENUES

          5. Table | OTHER COMMERCIAL SECURITY SERVICE REVENUES

        4. 5.2.2 Government

          $140.00

          1. Table | GOVERNMENT SECURITY SERVICE REVENUES

        5. 5.2.3 Industrial

          $253.00

          1. Table | INDUSTRIAL SECURITY SERVICE REVENUES BY SERVICE & MARKET

        6. 5.2.4 Institutional

          $418.00

          1. Table | INSTITUTIONAL SECURITY SERVICE REVENUES BY SERVICE & MARKET

          2. Table | HIGHER EDUCATION CAMPUS CRIME LEVELS, 2004-2013

        7. 5.2.5 Other Nonresidential Markets

          $203.00

          1. Table | OTHER NONRESIDENTIAL SECURITY SERVICE REVENUES BY SERVICE & MARKET

      3. 5.3 Residential

        $221.00

        1. Table | RESIDENTIAL SECURITY SERVICE REVENUES

        2. 5.3.1 Alarm Monitoring

          $91.00

        3. 5.3.2 Guarding & Other Services

          $82.00

    6. 6 REGIONAL MARKETS

      $1,965.00

      1. 6.1 General

        $82.00

      2. 6.2 Regional Demographic & Economic Trends

        $208.00

        1. 6.2.1 Population Patterns

          $97.00

          1. Table | POPULATION BY REGION

        2. 6.2.2 Economic Outlook

          $87.00

          1. Table | GROSS DOMESTIC PRODUCT BY REGION

      3. 6.3 Construction Activity

        $82.00

        1. Table | CONSTRUCTION EXPENDITURES BY REGION

      4. 6.4 Public Safety Trends

        $181.00

        1. 6.4.1 Regional Crime Rates

          $82.00

          1. Table | CRIMES RATES BY REGION, 2004-2013

          2. CHART V-1 CRIME RATES BY REGION, 2004-2013

        2. 6.4.2 Local Crime Trends

          $82.00

          1. Table | REPORTED CRIMES & CRIME RATES BY TYPE OF AREA, 2004-2013

        3. 6.4.3 Fire Trends

          $82.00

          1. Table | REGIONAL FIRE OVERVIEW, 2014

      5. 6.5 Regional Private Security Service Overview

        $128.00

        1. Table | PRIVATE SECURITY SERVICE MARKET BY REGION

        2. CHART V-2 PRIVATE SECURITY SERVICE MARKET BY REGION, 2014

      6. 6.6 Northeast

        $246.00

        1. Table | NORTHEAST SECURITY MARKET PROFILE, 2014

        2. 6.6.1 Market Outlook

          $82.00

          1. Table | NORTHEAST SECURITY SERVICE REVENUES BY SUBREGION

        3. 6.6.2 New England

          $82.00

        4. 6.6.3 Middle Atlantic

          $82.00

      7. 6.7 Midwest

        $245.00

        1. Table | MIDWEST SECURITY SERVICE MARKET PROFILE, 2014

        2. 6.7.1 Market Outlook

          $82.00

          1. Table | MIDWEST SECURITY SERVICE REVENUES BY SUBREGION

        3. 6.7.2 East North Central

          $82.00

        4. 6.7.3 West North Central

          $82.00

      8. 6.8 South

        $335.00

        1. Table | SOUTH SECURITY SERVICE MARKET PROFILE, 2014

        2. 6.8.1 Market Outlook

          $82.00

          1. Table | SOUTH SECURITY SERVICE REVENUES BY SUBREGION

        3. 6.8.2 South Atlantic

          $95.00

        4. 6.8.3 East South Central

          $82.00

        5. 6.8.4 West South Central

          $82.00

      9. 6.9 West

        $268.00

        1. Table | WEST SECURITY SERVICE MARKET PROFILE, 2014

        2. 6.9.1 Market Outlook

          $82.00

          1. Table | WEST SECURITY SERVICE REVENUES BY SUBREGION

        3. 6.9.2 Mountain

          $82.00

        4. 6.9.3 Pacific

          $93.00

      10. 6.10 Major Metropolitan Areas

        $163.00

        1. Table | PRIVATE SECURITY SERVICE MARKET PROFILE BY SELECTED MAJOR METROPOLITAN AREAS, 2014

        2. Table | PRIVATE SECURITY SERVICE REVENUES BY SELECTED MAJOR METROPOLITAN AREAS*

      11. 6.11 Correctional Facility Management

        $86.00

        1. CHART V-3 PERCENT OF STATE & FEDERAL INMATES HELD UNDER PRIVATE CORRECTIONAL FACILITY MANAGEMENT CONTRACTS BY SUBREGION, 2014

    7. 7 INDUSTRY STRUCTURE

      $4,744.00

      1. 7.1 General

        $82.00

      2. 7.2 Industry Composition

        $355.00

        1. Table | PRIVATE SECURITY SERVICE REVENUES BY COMPANY, 2014

        2. 7.2.1 Guarding Firms

          $82.00

        3. 7.2.2 Alarm Monitoring Firms

          $82.00

        4. 7.2.3 Private Investigation Firms

          $82.00

        5. 7.2.4 Correctional Facility Management Firms

          $82.00

        6. 7.2.5 Armored Transport Firms

          $82.00

        7. 7.2.6 Security Systems Integration Firms

          $82.00

        8. 7.2.7 Security Consulting Firms

          $82.00

        9. 7.2.8 Pre-Employment Screening Firms

          $82.00

      3. 7.3 Market Share

        $132.00

        1. CHART VI-1 PRIVATE SECURITY SERVICE MARKET SHARE, 2014

      4. 7.4 Competitive Strategies

        $89.00

      5. 7.5 Marketing

        $174.00

        1. 7.5.1 Nonresidential

          $82.00

        2. 7.5.2 Residential

          $82.00

      6. 7.6 Mergers & Acquisitions

        $276.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      7. 7.7 Cooperative Agreements

        $111.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      8. 7.8 Company Profiles

        $3,340.00

        1. 7.8.1 ABM Industries Incorporated

          $82.00

        2. 7.8.2 ADT Corporation

          $84.00

        3. 7.8.3 Akal Security Incorporated

          $88.00

        4. 7.8.4 AlliedBarton Security Services LLC

          $82.00

        5. 7.8.5 Altegrity Incorporated

          $142.00

        6. 7.8.6 APX Group Holdings Incorporated

          $82.00

        7. 7.8.7 Armstrong Group

          $82.00

        8. 7.8.8 Automatic Data Processing Incorporated

          $82.00

        9. 7.8.9 Brink's Company

          $82.00

        10. 7.8.10 Centerra Group LLC

          $82.00

        11. 7.8.11 Corrections Corporation of America

          $179.00

        12. 7.8.12 Day & Zimmermann Group Incorporated

          $82.00

        13. 7.8.13 Diebold Incorporated

          $82.00

        14. 7.8.14 Dunbar Companies

          $150.00

        15. 7.8.15 Garda World Security Corporation

          $82.00

        16. 7.8.16 GEO Group Incorporated

          $190.00

        17. 7.8.17 G4S plc

          $154.00

        18. 7.8.18 Guardsmark LLC

          $108.00

        19. 7.8.19 Honeywell International Incorporated

          $82.00

        20. 7.8.20 Inter-Con Security Systems Incorporated

          $82.00

        21. 7.8.21 Johnson Controls Incorporated

          $82.00

        22. 7.8.22 Loomis AB

          $85.00

        23. 7.8.23 Management & Training Corporation

          $82.00

        24. 7.8.24 Monitronics International Incorporated

          $82.00

        25. 7.8.25 Protection One Incorporated

          $115.00

        26. 7.8.26 Red Hawk Fire and Security US

          $82.00

        27. 7.8.27 RELX Group plc

          $125.00

        28. 7.8.28 Royal Philips NV

          $89.00

        29. 7.8.29 Securitas AB

          $162.00

        30. 7.8.30 Siemens AG

          $82.00

        31. 7.8.31 Slomin's Incorporated

          $82.00

        32. 7.8.32 Stanley Black & Decker Incorporated

          $106.00

        33. 7.8.33 Tyco International plc

          $163.00

        34. 7.8.34 Universal Services of America LP

          $178.00

        35. 7.8.35 US Security Associates Incorporated

          $85.00

        36. 7.8.36 Vector Security Incorporated

          $82.00

      9. 7.9 Other Companies Mentioned In This Study

        $241.00

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