Private Security Services

17th Edition

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Contract Security Services

This study analyzes the US private contracted security services market, including providing security for facilities, assets, and personnel. Revenues for private security services are examined by service and market in US dollars. Historical data for 2008, 2013, and 2018 and forecasts for 2023 are presented in current dollars (which are not adjusted to account for inflation).

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Revenues by service include:

  • guarding (includes patrolling, monitoring surveillance equipment, and overseeing stationary locations)
  • security monitoring (includes planning security systems, performing maintenance and reviews, reacting to events, and providing post-event support)
  • private investigations – includes hired personnel to perform such duties as:
    • criminal, credit, and driving record searches
    • verification of social security numbers, educational and professional credentials, previous employment, and property ownership
    • the location of missing persons
    • polygraph examinations
    • undercover operations
    • searches for data for legal proceedings and regulatory matters
    • retrieval of electronic data
    • forensic accounting
    • insurance, internal theft, competitive intelligence, and due diligence investigations
  • systems integration and management, including:
    • installation of new security systems, adding new components to an existing system, or integration of security equipment into overall building functions
    • recurring services such as system maintenance, database management, and system monitoring
  • cash-in-transit and related services (includes the transport of cash, other legal tender, and valuables via armored transport vehicles, and the provision of ATM management and replenishment, cash management, secured logistics, and other back office services)
  • security consulting (includes proactively planning security systems, performing maintenance and reviews, reacting to events, and providing post-event support)
  • pre-employment screening (includes the screening of job applicants)
  • drug and contraband detection dog services
  • training for guards and other security personnel
  • sweeping for bombs and surveillance devices
  • renting vault rooms for off-site storage of computer data and other valuables
  • private airline security services

Markets include:

  • nonresidential:
    • commercial (commercial offices and office buildings)
    • industrial (manufacturing facilities and warehouses)
    • government (courthouses, embassies, jails, military bases, monuments, prisons, publicly owned utilities, other government buildings)
    • institutional (includes drug treatment centers, hospitals, nursing homes, psychiatric facilities, and rehabilitation centers, as well as primary and secondary schools, higher education facilities and campuses such as colleges and universities, day care centers, tutoring centers, non-degree granting institutions such as certificate, business, or trade programs)
    • other nonresidential (includes theaters, concert halls, convention centers, sports arenas, stadiums, and other public venues; private utilities plants; nonprofit agencies; and air and nautical ports, bus terminals, train stations, and other transportation facilities)
  • residential (includes single-family homes, multifamily homes, and manufactured homes)

Excluded from the scope of this study are:

  • public safety personnel (e.g., police officers, public corrections officers, federal agents, and firefighters)
  • in-house, proprietary security services, such as guards, detectives, and off-duty police officers on the paid staff of (non-security) business establishments
  • equipment installation services (aside from systems integration)
  • locksmith activities
  • security products distribution and sales
  • private correctional facility management

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Purchase Private Security Services by the Section

  1. Private Security Services

    $5,700.00

    1. 1 Executive Summary

      $178.00

      1. Figure 1-1 - US Private Security Service Market

    2. 2 Overview

      $2,791.00

      1. 2.1 Key Findings

        $82.00

        1. Figure 2-1 - Key Factors Impacting the US Private Security Service Market

      2. 2.2 Private Security Service Revenues

        $292.00

        1. Figure 2-2 - Private Security Service Revenues, 2008 - 2018

        2. Table | Private Security Service Revenues, 2008 - 2023

      3. 2.3 Public Safety Environment

        $96.00

      4. 2.4 Public Safety Personnel

        $150.00

        1. Table | Public Safety Sector Employment, 2008 - 2023

        2. Figure 2-3 - Safety Sector Employment Share by Type, 2018

        3. Figure 2-4 - Consumer Insights: "I believe that local public safety forces (i.e., police & fire department) are able to adequately protect me", 2019

      5. 2.5 Crime

        $1,028.00

        1. 2.5.1 Historical Crime Rates

          $141.00

          1. Figure 2-5 - Historical Crime Rates, 2008 - 2018

        2. 2.5.2 Violent Crime

          $98.00

          1. Table | Violent Crime Levels, 2008 - 2018

        3. 2.5.3 Property Crime

          $199.00

          1. Table | Property Crime Levels, 2008 - 2018

        4. 2.5.4 Terrorism

          $121.00

          1. Table | Incidences of Terrorism in the US, 2008 - 2017

        5. 2.5.5 Other Nonconventional Crime

          $199.00

          1. Table | Selected Other Nonconventional Crimes, 2008 - 2018

        6. 2.5.6 Fire

          $272.00

          1. Table | Fire Levels & Losses, 2008 - 2017

      6. 2.6 Trends in Reported Crime vs. Perceived Crime Risk

        $93.00

      7. 2.7 Technology Trends

        $437.00

        1. 2.7.1 Impact of Increasing Technology

          $108.00

        2. 2.7.2 Systems Integrators & Security Consultants

          $82.00

        3. 2.7.3 Security Monitoring

          $82.00

        4. 2.7.4 Smart Technology

          $84.00

        5. 2.7.5 Other Service Segments

          $120.00

      8. 2.8 Legal & Regulatory Environment

        $504.00

        1. 2.8.1 Regulations Affecting the US Security Industry

          $109.00

        2. 2.8.2 Guard Service

          $82.00

        3. 2.8.3 Security Monitoring

          $128.00

        4. 2.8.4 Cash-in-Transit & Related Services

          $82.00

        5. 2.8.5 Private Investigators

          $82.00

        6. 2.8.6 Pre-Employment Screening

          $82.00

      9. 2.9 Security Equipment & Services: Complementary & Competitive Products

        $156.00

    3. 3 Consumer Insights

      $1,511.00

      1. 3.1 Key Findings

        $82.00

        1. Figure 3-1 - Key Consumer Insights in the US Private Security Service Market

      2. 3.2 Consumer Concern About Crime

        $457.00

        1. 3.2.1 Real vs. Perceived Crime Risk

          $271.00

          1. Figure 3-2 - Consumer Perceptions of Potential Crime Risk in Past 12 Months, 2019

          2. Table | Agreement with the Statement "I worry about violence and crime", 2009 - 2019

          3. Table | Agreement with the Statement "I worry about violence and crime" by Selected Demographics, 2019

        2. 3.2.2 Concern About Crime at Home

          $82.00

          1. Figure 3-3 - Consumer Concern About Crime at Home, 2019

        3. 3.2.3 Concern About Crime Away From Home

          $121.00

          1. Figure 3-4 - Consumer Concern About Crime Away from Home, 2019

      3. 3.3 Alarm & Home Security System Ownership

        $427.00

        1. 3.3.1 Ownership by Alarm Type

          $178.00

          1. Figure 3-5 - Consumer Alarm System Ownership by Type, 2019

          2. Table | Alarm System Ownership & Purchases in Last 12 Months by Type, 2009 - 2019

        2. 3.3.2 Ownership by Selected Demographics

          $173.00

          1. Table | Alarm & Home Security System Ownership & Purchasing Trends by Selected Demographics, 2019

        3. 3.3.3 Concerns About Owning an Alarm System

          $82.00

          1. Figure 3-6 - Biggest Consumer Concerns About Using Alarm Systems at Home, 2019

      4. 3.4 Video Surveillance Camera Ownership

        $159.00

        1. 3.4.1 Ownership by Video Surveillance Type

          $82.00

          1. Figure 3-7 - Consumer Video Surveillance Camera Ownership by Type, 2019

        2. 3.4.2 Reasons for Owning a Video Surveillance Camera

          $82.00

          1. Figure 3-8 - Reasons for Owning a Video Surveillance Camera, 2019

      5. 3.5 Reasons for Owning a Security System

        $82.00

        1. Figure 3-9 - Reasons for Owning an Alarm or Video Surveillance Camera at Home, Monitored or Otherwise, 2019

      6. 3.6 Gun License Trends

        $140.00

        1. 3.6.1 License by Type

          $82.00

          1. Figure 3-10 - "Are you licensed to carry a gun?" by License Type, 2019

        2. 3.6.2 Gun Control Preferences of Gun Owners

          $82.00

          1. Figure 3-11 - Gun Control Preferences, 2019

      7. 3.7 Smoke Detector Use & Purchasing Trends

        $113.00

        1. Table | Smoke/Fire Detector Ownership & Purchasing Trends by Selected Demographics, 2019

      8. 3.8 Attitudes About Metal Detectors & Scanners

        $116.00

        1. Figure 3-12 - Metal Detector & Scanner Attitudes, 2019

    4. 4 Guarding

      $807.00

      1. 4.1 Key Findings

        $82.00

        1. Figure 4-1 - Key Trends in Guarding

      2. 4.2 Factors Impacting Guarding Revenues

        $345.00

        1. 4.2.1 Guarding: Impact of Technological Advances

          $98.00

        2. 4.2.2 Guarding: Pre-Employment Screening

          $82.00

          1. Figure 4-2 - Guard Background Check Requirements by US State, 2019

        3. 4.2.3 Guarding: Training

          $82.00

          1. Figure 4-3 - Guard Training Requirements by US State, 2019

        4. 4.2.4 Guarding: Wages & Benefits

          $106.00

      3. 4.3 Guarding Revenue Forecast

        $140.00

        1. Table | Guarding Revenues, 2008 - 2023

      4. 4.4 Guarding: Applications

        $185.00

        1. 4.4.1 Guarding: Traditional Services

          $82.00

          1. Figure 4-4 - Primary Guarding Applications

        2. 4.4.2 Guarding: Specialized Services

          $107.00

          1. Table | Specialized Guard Offerings

      5. 4.5 Guarding: Vendors & Market Share

        $103.00

        1. Figure 4-5 - Guarding Market Share by Company, 2018

    5. 5 Security Monitoring

      $1,152.00

      1. 5.1 Key Findings

        $82.00

        1. Figure 5-1 - Key Trends in Security Monitoring

      2. 5.2 Security Monitoring: Revenue Forecast

        $701.00

        1. 5.2.1 Security Monitoring: Revenues by Service Type

          $205.00

          1. Table | Security Monitoring Service Revenues by Service Type, 2008 - 2023

          2. Figure 5-2 - Security Monitoring Service Revenues, 2008 - 2023

        2. 5.2.2 Residential Intrusion & Fire

          $150.00

          1. Table | Residential Intrusion & Fire Security Monitoring Revenue, 2008 - 2023

          2. Figure 5-3 - Residential Security Monitoring Revenues & Share of Households with Subscriptions, 2008 - 2023

        3. 5.2.3 Nonresidential Intrusion & Fire

          $109.00

          1. Table | Nonresidential Security Monitoring Revenue, 2008 - 2023

          2. Figure 5-4 - Nonresidential Security Monitoring Revenues & Subscriptions, 2008 - 2023

        4. 5.2.4 Personal Emergency Response Systems (PERS)

          $137.00

          1. Table | Personal Emergency Response System Monitoring Revenue, 2008 - 2023

          2. Figure 5-5 - PERS Alarm Monitoring Revenues & Contracts, 2008 - 2023

        5. 5.2.5 Mobile PERS Technologies

          $97.00

      3. 5.3 Security Monitoring: False Alarms

        $296.00

        1. 5.3.1 Prevalence of False Alarms

          $82.00

        2. 5.3.2 Local Codes & Industry Standards for False Alarms

          $111.00

        3. 5.3.3 Mitigation Innovations for False Alarms

          $113.00

      4. 5.4 Security Monitoring: Market Share & Vendors Competition

        $119.00

        1. Figure 5-6 - Security Monitoring Service Market Share by Company, 2018

    6. 6 Other Services

      $1,697.00

      1. 6.1 Key Findings

        $82.00

        1. Figure 6-1 - Key Trends in Other Private Security Services

      2. 6.2 Revenues by Type

        $118.00

        1. Table | Other Private Security Service Revenues, 2008 - 2023

      3. 6.3 Private Investigation Services

        $206.00

        1. 6.3.1 Private Investigation Services: Revenues

          $143.00

          1. Table | Private Investigation Revenues, 2008 - 2023

          2. Table | Examples of Private Investigative Services by Market

        2. 6.3.2 Private Investigation Services: Vendors

          $82.00

      4. 6.4 Systems Integration & Management

        $186.00

        1. 6.4.1 Systems Integration & Management: Revenues

          $86.00

          1. Table | Systems Integration & Management Service Revenues, 2008 - 2023

          2. Figure 6-2 - Types of Systems Commonly Integrated

        2. 6.4.2 Systems Integration & Management: Vendors

          $98.00

      5. 6.5 Cash-in-Transit & Related Services

        $443.00

        1. 6.5.1 Cash-in-Transit & Related Services: Revenues by Service

          $106.00

          1. Table | Cash-in-Transit (CIT) &Related Service Revenues by Service, 2008 - 2023

          2. Figure 6-3 - Cash-in-Transit (CIT) &Related Spending Per Banking & Credit Office, 2008 - 2023

        2. 6.5.2 Traditional Armored Transport

          $82.00

        3. 6.5.3 ATM Management & Replenishment

          $82.00

        4. 6.5.4 Secured Logistics

          $82.00

        5. 6.5.5 Cash Management

          $82.00

        6. 6.5.6 Cash-in-Transit & Related Services: Vendors & Market Share

          $98.00

          1. Figure 6-4 - Cash-in-Transit & Related Services Market Share by Company, 2018

      6. 6.6 Security Consulting

        $236.00

        1. 6.6.1 Security Consulting: Revenues

          $144.00

          1. Table | Security Consulting Revenues, 2008 - 2023

          2. Figure 6-5 - Types of Security Consulting Services

        2. 6.6.2 Security Consulting: Vendors

          $91.00

      7. 6.7 Pre-Employment Screening

        $338.00

        1. 6.7.1 Pre-Employment Screening: Revenues

          $130.00

          1. Table | Pre-Employment Screening Service Revenues, 2008 - 2023

          2. Figure 6-6 - Pre-Employment Screening Per Civilian Employee, 2008 - 2023

        2. 6.7.2 Pre-Employment Screening: Screening Regulations & Ban-the-Box Trends

          $156.00

        3. 6.7.3 Pre-Employment Screening: Vendors

          $82.00

      8. 6.8 Other Security Services

        $138.00

        1. Table | Other Security Service Revenues, 2008 - 2023

    7. 7 Markets

      $2,533.00

      1. 7.1 Key Findings

        $82.00

        1. Figure 7-1 - Key Private Security Service Trends by Market

      2. 7.2 Revenues by Market

        $141.00

        1. Table | Private Security Service Revenues by Market, 2008 - 2023

      3. 7.3 Commercial

        $921.00

        1. 7.3.1 Revenue by Service & Sector

          $144.00

          1. Table | Commercial Security Service Revenues by Service & Sector, 2008 - 2023

        2. 7.3.2 Commercial Offices & Office Buildings

          $234.00

          1. Table | Commercial Office & Office Building Security Service Revenues, 2008 - 2023

          2. Figure 7-2 - Security Spending in Commercial Offices & Office Buildings, 2008 - 2023

        3. 7.3.3 Financial Institutions: Revenues by Service Type

          $168.00

          1. Table | Financial Institution Security Service Revenues, 2008 - 2023

          2. Figure 7-3 - Security Service Spending Per Banking & Credit Office, 2008 - 2023

        4. 7.3.4 Retail

          $211.00

          1. Table | Retail Security Service Revenues, 2008 - 2023

        5. 7.3.5 Other Commercial: Revenues by Service Type

          $163.00

          1. Table | Other Commercial Security Service Revenues, 2008 - 2023

      4. 7.4 Industrial

        $278.00

        1. 7.4.1 Industrial: Revenues by Service Type

          $164.00

          1. Table | Industrial Security Service Revenues by Service, 2008 - 2023

        2. 7.4.2 Industrial: Revenues by Market

          $114.00

          1. Table | Industrial Security Service Revenues by Market, 2008 - 2023

      5. 7.5 Government: Revenues by Service Type

        $173.00

        1. Table | Government Security Service Revenues, 2008 - 2023

      6. 7.6 Institutional

        $475.00

        1. 7.6.1 Institutional: Revenues by Service Type & Market

          $207.00

          1. Table | Institutional Security Service Revenues by Service & Market, 2008 - 2023

        2. 7.6.2 Healthcare

          $112.00

          1. Figure 7-4 - Healthcare Facilities & Spending Per Facility, 2008 - 2023

        3. 7.6.3 Educational Facilities

          $96.00

          1. Figure 7-5 - Education Facilities & Spending Per Facility, 2008 - 2023

        4. 7.6.4 Other Institutional Settings

          $82.00

      7. 7.7 Other Nonresidential

        $272.00

        1. 7.7.1 Other Nonresidential: Revenues by Service Type & Market

          $89.00

          1. Table | Other Nonresidential Security Service Revenues by Service & Market, 2008 - 2023

        2. 7.7.2 Public Venues

          $98.00

        3. 7.7.3 All Other Nonresidential

          $84.00

      8. 7.8 Residential

        $229.00

        1. 7.8.1 Residential: Revenues by Service Type

          $131.00

          1. Table | Residential Security Service Revenues, 2008 - 2023

        2. 7.8.2 Residential: Security Monitoring Trends

          $97.00

    8. 8 Industry Structure

      $2,351.00

      1. 8.1 Key Findings & Industry Composition

        $147.00

        1. Table | US Private Security Service Revenues by Company, 2018

      2. 8.2 Industry Composition by Service

        $324.00

        1. 8.2.1 Guarding Firms

          $82.00

        2. 8.2.2 Security Monitoring Firms

          $82.00

        3. 8.2.3 Private Investigation Firms

          $82.00

        4. 8.2.4 Security Systems Integration Firms

          $82.00

        5. 8.2.5 Cash-in-Transit & Related Firms

          $82.00

        6. 8.2.6 Security Consulting Firms

          $82.00

        7. 8.2.7 Pre-Employment Screening Firms

          $82.00

      3. 8.3 Market Share

        $508.00

        1. Figure 8-1 - Private Security Services Market Share by Company, 2018

        2. Figure 8-2 - Private Security Service Market: First Leading Provider

        3. Figure 8-3 - Private Security Service Market: Second Leading Provider

        4. Figure 8-4 - Private Security Service Market: Third Leading Provider

        5. Figure 8-5 - Private Security Service Market: Fourth Leading Provider

        6. Figure 8-6 - Private Security Service Market: Co-Fifth Leading Provider

        7. Figure 8-7 - Private Security Service Market: Co-Fifth Leading Provider

      4. 8.4 Competitive Strategies

        $183.00

        1. Table | Key Competitive Strategies for Private Security Service Providers

      5. 8.5 Marketing

        $346.00

        1. 8.5.1 Marketing: Perceived Risk & Targeted Marketing

          $82.00

        2. 8.5.2 Marketing: Nonresidential

          $137.00

        3. 8.5.3 Marketing: Residential

          $156.00

      6. 8.6 Mergers & Acquisitions

        $265.00

        1. Table | Selected Mergers & Acquisitions

      7. 8.7 Cooperative Agreements

        $141.00

        1. Table | Selected Cooperative Agreements

      8. 8.8 List of Industry Participants

        $436.00

    9. 9 Appendix

      $2,958.00

      1. 9.1 Scope

        $246.00

        1. Table | Relevant NAICS & SIC Codes

      2. 9.2 Definitions

        $165.00

      3. 9.3 Abbreviations

        $82.00

        1. Table | Abbreviations & Acronyms Used in This Report

      4. 9.4 Freedonia Methodology

        $1,161.00

      5. 9.5 Study-Specific Methodology

        $82.00

      6. 9.6 Sources

        $82.00

      7. 9.7 Associations & Agencies

        $82.00

      8. 9.8 Related Studies & Reports

        $82.00

      9. 9.9 Macroeconomic Assumptions

        $1,158.00

        1. 9.9.1 Economic Environment

          $152.00

          1. Table | Macroeconomic Indicators, 2008 - 2023

          2. Figure 9-1 - Annual Growth in Real GDP, 2000 - 2018, Compared to 1980 - 2005 Average

        2. 9.9.2 Demographics

          $158.00

          1. Table | Population & Households, 2008 - 2023

          2. Figure 9-2 - Annual Population Growth, 2003 - 2018

        3. 9.9.3 Consumer Spending Trends

          $110.00

          1. Table | Personal Consumption Expenditures, 2008 – 2023

        4. 9.9.4 Building Construction Outlook

          $102.00

          1. Table | Building Construction Expenditures, 2008 – 2023

        5. 9.9.5 Business Establishment Trends

          $118.00

          1. Table | Business Establishments, 2008 – 2023

        6. 9.9.6 Manufacturing Outlook

          $130.00

          1. Table | Manufacturers' Shipments, 2008 - 2023

        7. 9.9.7 Service Sector Outlook

          $381.00

          1. Table | Service Sector Outlook, 2008 - 2023

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