Table of Contents
1. Executive Summary
2. Overview
Key Findings
Private Security Service Revenues
Public Safety Environment
Public Safety Personnel
Crime
Historical Crime Rates
Violent Crime
Property Crime
Terrorism
Other Nonconventional Crime
Fire
Trends in Reported Crime vs. Perceived Crime Risk
Technology Trends
Impact of Increasing Technology
Systems Integrators & Security Consultants
Security Monitoring
Smart Technology
Other Service Segments
Legal & Regulatory Environment
Regulations Affecting the US Security Industry
Guard Service
Security Monitoring
Cash-in-Transit & Related Services
Private Investigators
Pre-Employment Screening
Security Equipment & Services: Complementary & Competitive Products
3. Consumer Insights
Key Findings
Consumer Concern About Crime
Real vs. Perceived Crime Risk
Concern About Crime at Home
Concern About Crime Away From Home
Alarm & Home Security System Ownership
Ownership by Alarm Type
Ownership by Selected Demographics
Concerns About Owning an Alarm System
Video Surveillance Camera Ownership
Ownership by Video Surveillance Type
Reasons for Owning a Video Surveillance Camera
Reasons for Owning a Security System
Gun License Trends
License by Type
Gun Control Preferences of Gun Owners
Smoke Detector Use & Purchasing Trends
Attitudes About Metal Detectors & Scanners
4. Guarding
Key Findings
Factors Impacting Guarding Revenues
Guarding: Impact of Technological Advances
Guarding: Pre-Employment Screening
Guarding: Training
Guarding: Wages & Benefits
Guarding Revenue Forecast
Guarding: Applications
Guarding: Traditional Services
Guarding: Specialized Services
Guarding: Vendors & Market Share
5. Security Monitoring
Key Findings
Security Monitoring: Revenue Forecast
Security Monitoring: Revenues by Service Type
Residential Intrusion & Fire
Nonresidential Intrusion & Fire
Personal Emergency Response Systems (PERS)
Mobile PERS Technologies
Security Monitoring: False Alarms
Prevalence of False Alarms
Local Codes & Industry Standards for False Alarms
Mitigation Innovations for False Alarms
Security Monitoring: Market Share & Vendors Competition
6. Other Services
Key Findings
Revenues by Type
Private Investigation Services
Private Investigation Services: Revenues
Private Investigation Services: Vendors
Systems Integration & Management
Systems Integration & Management: Revenues
Systems Integration & Management: Vendors
Cash-in-Transit & Related Services
Cash-in-Transit & Related Services: Revenues by Service
Traditional Armored Transport
ATM Management & Replenishment
Secured Logistics
Cash Management
Cash-in-Transit & Related Services: Vendors & Market Share
Security Consulting
Security Consulting: Revenues
Security Consulting: Vendors
Pre-Employment Screening
Pre-Employment Screening: Revenues
Pre-Employment Screening: Screening Regulations & Ban-the-Box Trends
Pre-Employment Screening: Vendors
Other Security Services
7. Markets
Key Findings
Revenues by Market
Commercial
Revenue by Service & Sector
Commercial Offices & Office Buildings
Commercial Offices & Office Buildings: Revenue by Service Type
Commercial Offices & Office Buildings: Key End Users
Financial Institutions: Revenues by Service Type
Retail
Retail: Revenues by Service Type
Retail: Shrink
Other Commercial: Revenues by Service Type
Industrial
Industrial: Revenues by Service Type
Industrial: Revenues by Market
Government: Revenues by Service Type
Institutional
Institutional: Revenues by Service Type & Market
Healthcare
Educational Facilities
Other Institutional Settings
Other Nonresidential
Other Nonresidential: Revenues by Service Type & Market
Public Venues
All Other Nonresidential
Residential
Residential: Revenues by Service Type
Residential: Security Monitoring Trends
8. Industry Structure
Key Findings & Industry Composition
Industry Composition by Service
Guarding Firms
Security Monitoring Firms
Private Investigation Firms
Security Systems Integration Firms
Cash-in-Transit & Related Firms
Security Consulting Firms
Pre-Employment Screening Firms
Market Share
Competitive Strategies
Marketing
Marketing: Perceived Risk & Targeted Marketing
Marketing: Nonresidential
Marketing: Residential
Mergers & Acquisitions
Cooperative Agreements
List of Industry Participants
9. Appendix
Scope
Definitions
Abbreviations
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Macroeconomic Assumptions
Economic Environment
Demographics
Consumer Spending Trends
Building Construction Outlook
Business Establishment Trends
Manufacturing Outlook
Service Sector Outlook
List of Tables
2. Overview
Table 2-1 | Private Security Service Revenues, 2008 - 2023 (million dollars)
Table 2-2 | Public Safety Sector Employment, 2008 - 2023 (thousands)
Table 2-3 | Violent Crime Levels, 2008 - 2018 (thousands)
Table 2-4 | Property Crime Levels, 2008 - 2018 (thousands)
Table 2-5 | Incidences of Terrorism in the US, 2008 - 2017
Table 2-6 | Selected Other Nonconventional Crimes, 2008 - 2018 (thousand arrests)
Table 2-7 | Fire Levels & Losses, 2008 - 2017
3. Consumer Insights
Table 3-1 | Agreement with the Statement "I worry about violence and crime", 2009 - 2019 (percent of respondents)
Table 3-2 | Agreement with the Statement "I worry about violence and crime" by Selected Demographics, 2019 (percent of respondents)
Table 3-3 | Alarm System Ownership & Purchases in Last 12 Months by Type, 2009 - 2019 (percent of households)
Table 3-4 | Alarm & Home Security System Ownership & Purchasing Trends by Selected Demographics, 2019 (percent of households)
Table 3-5 | Smoke/Fire Detector Ownership & Purchasing Trends by Selected Demographics, 2019 (percent of households)
4. Guarding
Table 4-1 | Guarding Revenues, 2008 - 2023 (million dollars)
Table 4-2 | Specialized Guard Offerings
5. Security Monitoring
Table 5-1 | Security Monitoring Service Revenues by Service Type, 2008 - 2023 (million dollars)
Table 5-2 | Residential Intrusion & Fire Security Monitoring Revenue, 2008 - 2023 (million dollars)
Table 5-3 | Nonresidential Security Monitoring Revenue, 2008 - 2023 (million dollars)
Table 5-4 | Personal Emergency Response System Monitoring Revenue, 2008 - 2023 (million dollars)
6. Other Services
Table 6-1 | Other Private Security Service Revenues, 2008 - 2023 (million dollars)
Table 6-2 | Private Investigation Revenues, 2008 - 2023 (million dollars)
Table 6-3 | Examples of Private Investigative Services by Market
Table 6-4 | Systems Integration & Management Service Revenues, 2008 - 2023 (million dollars)
Table 6-5 | Cash-in-Transit (CIT) & Related Service Revenues by Service, 2008 - 2023 (million dollars)
Table 6-6 | Security Consulting Revenues, 2008 - 2023 (million dollars)
Table 6-7 | Pre-Employment Screening Service Revenues, 2008 - 2023 (million dollars)
Table 6-8 | Other Security Service Revenues, 2008 - 2023 (million dollars)
7. Markets
Table 7-1 | Private Security Service Revenues by Market, 2008 - 2023 (million dollars)
Table 7-2 | Commercial Security Service Revenues by Service & Sector, 2008 - 2023 (million dollars)
Table 7-3 | Commercial Office & Office Building Security Service Revenues, 2008 - 2023 (million dollars)
Table 7-4 | Financial Institution Security Service Revenues, 2008 - 2023 (million dollars)
Table 7-5 | Retail Security Service Revenues, 2008 - 2023 (million dollars)
Table 7-6 | Other Commercial Security Service Revenues, 2008 - 2023 (million dollars)
Table 7-7 | Industrial Security Service Revenues by Service, 2008 - 2023 (million dollars)
Table 7-8 | Industrial Security Service Revenues by Market, 2008 - 2023 (million dollars)
Table 7-9 | Government Security Service Revenues, 2008 - 2023 (million dollars)
Table 7-10 | Institutional Security Service Revenues by Service & Market, 2008 - 2023 (million dollars)
Table 7-11 | Other Nonresidential Security Service Revenues by Service & Market, 2008 - 2023 (million dollars)
Table 7-12 | Residential Security Service Revenues, 2008 - 2023 (million dollars)
8. Industry Structure
Table 8-1 | US Private Security Service Revenues by Company, 2018 (million dollars)
Table 8-2 | Key Competitive Strategies for Private Security Service Providers
Table 8-3 | Selected Mergers & Acquisitions
Table 8-4 | Selected Cooperative Agreements
9. Appendix
Table 9-1 | Relevant NAICS & SIC Codes
Table 9-2 | Abbreviations & Acronyms Used in This Report
Table 9-3 | Macroeconomic Indicators, 2008 - 2023 (billion 2012 dollars & billion dollars)
Table 9-4 | Population & Households, 2008 - 2023 (million persons)
Table 9-5 | Personal Consumption Expenditures, 2008 - 2023 (billion dollars & billion 2012 dollars)
Table 9-6 | Building Construction Expenditures, 2008 - 2023 (billion dollars & billion 2012 dollars)
Table 9-7 | Business Establishments, 2008 - 2023 (thousand units)
Table 9-8 | Manufacturers' Shipments, 2008 - 2023 (billion dollars)
Table 9-9 | Service Sector Outlook, 2008 - 2023 (billion dollars)
List of Figures
1. Executive Summary
Figure 1-1 | US Private Security Service Market
2. Overview
Figure 2-1 | Key Factors Impacting the US Private Security Service Market
Figure 2-2 | Private Security Service Revenues, 2008 - 2018 (billion dollars)
Figure 2-3 | Safety Sector Employment Share by Type, 2018 (billion employees)
Figure 2-4 | Consumer Insights: "I believe that local public safety forces (i.e., police & fire department) are able to adequately protect me", 2019 (percent of total respondents)
Figure 2-5 | Historical Crime Rates, 2008 - 2018 (crimes per thousand persons)
3. Consumer Insights
Figure 3-1 | Key Consumer Insights in the US Private Security Service Market
Figure 3-2 | Consumer Perceptions of Potential Crime Risk in Past 12 Months, 2019 (percent of respondents)
Figure 3-3 | Consumer Concern About Crime at Home, 2019 (percent of respondents)
Figure 3-4 | Consumer Concern About Crime Away from Home, 2019 (percent of respondents)
Figure 3-5 | Consumer Alarm System Ownership by Type, 2019 (percent of respondents)
Figure 3-6 | Biggest Consumer Concerns About Using Alarm Systems at Home, 2019 (percent of respondents)
Figure 3-7 | Consumer Video Surveillance Camera Ownership by Type, 2019 (percent of respondents)
Figure 3-8 | Reasons for Owning a Video Surveillance Camera, 2019 (percent of respondents)
Figure 3-9 | Reasons for Owning an Alarm or Video Surveillance Camera at Home, Monitored or Otherwise, 2019 (percent of respondents)
Figure 3-10 | "Are you licensed to carry a gun?" by License Type, 2019 (percent of respondents)
Figure 3-11 | Gun Control Preferences, 2019 (percent of respondents)
Figure 3-12 | Metal Detector & Scanner Attitudes, 2019 (percent of respondents)
4. Guarding
Figure 4-1 | Key Trends in Guarding
Figure 4-2 | Guard Background Check Requirements by US State, 2019
Figure 4-3 | Guard Training Requirements by US State, 2019
Figure 4-4 | Primary Guarding Applications
Figure 4-5 | Guarding Market Share by Company, 2018 (billion dollars)
5. Security Monitoring
Figure 5-1 | Key Trends in Security Monitoring
Figure 5-2 | Security Monitoring Service Revenues, 2008 - 2023 (million dollars)
Figure 5-3 | Residential Security Monitoring Revenues & Share of Households with Subscriptions, 2008 - 2023
Figure 5-4 | Nonresidential Security Monitoring Revenues & Subscriptions, 2008 - 2023
Figure 5-5 | PERS Alarm Monitoring Revenues & Contracts, 2008 - 2023
Figure 5-6 | Security Monitoring Service Market Share by Company, 2018 (billion dollars)
6. Other Services
Figure 6-1 | Key Trends in Other Private Security Services
Figure 6-2 | Types of Systems Commonly Integrated
Figure 6-3 | Cash-in-Transit (CIT) & Related Spending Per Banking & Credit Office, 2008 - 2023
Figure 6-4 | Cash-in-Transit & Related Services Market Share by Company, 2018 (billion dollars)
Figure 6-5 | Types of Security Consulting Services
Figure 6-6 | Pre-Employment Screening Per Civilian Employee, 2008 - 2023
7. Markets
Figure 7-1 | Key Private Security Service Trends by Market
Figure 7-2 | Security Spending in Commercial Offices & Office Buildings, 2008 - 2023
Figure 7-3 | Security Service Spending Per Banking & Credit Office, 2008 - 2023
Figure 7-4 | Healthcare Facilities & Spending Per Facility, 2008 - 2023
Figure 7-5 | Education Facilities & Spending Per Facility, 2008 - 2023
8. Industry Structure
Figure 8-1 | Private Security Services Market Share by Company, 2018 (billion dollars)
Figure 8-2 | Private Security Service Market: First Leading Provider
Figure 8-3 | Private Security Service Market: Second Leading Provider
Figure 8-4 | Private Security Service Market: Third Leading Provider
Figure 8-5 | Private Security Service Market: Fourth Leading Provider
Figure 8-6 | Private Security Service Market: Co-Fifth Leading Provider
Figure 8-7 | Private Security Service Market: Co-Fifth Leading Provider
9. Appendix
Figure 9-1 | Annual Growth in Real GDP, 2000 - 2018, Compared to 1980 - 2005 Average (percent)
Figure 9-2 | Annual Population Growth, 2003 - 2018 (percent)
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