Private Security Services in the US by Service and Market, 15th Edition

Heightened Perceived Risk of Crime and Interest in Value-Added Offerings Drive Security Service Revenues

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Private security service revenue growth will be driven by heightened security concerns stemming from a large number of highly publicized tragedies, such as school shootings and bombings. Similarly, the rising perceived risk of all types of crime among end users despite long term declines in reported crimes will spur more end users to invest in these services.

In addition, increased interest in a wide variety of value-added offerings in most security service segments will provide a boost to revenues.

Gains will further benefit from expanding building construction activity and growth in the number of business establishments, which will provide a broader potential market base and supporting growing security spending among existing end users.

Key Findings in the Private Security Services Study:

Security Technology Continues to both Compete with and Complement Security Services

An ever-evolving technological landscape has had a mixed effect on security service revenues. For example, guarding services face competition from analytic-enhanced video surveillance systems, which are able to provide many of the same surveillance capabilities as a guard force. However, guards who are trained to manage and operate advanced security systems for the facilities where they work are an increasingly popular value-added segment.

The two service segments that most directly benefit from changing technologies are systems integration and management and security consulting service providers, both of which help end users plan, implement, and manage their security systems.

Additionally, the declining cost of security devices, such as video cameras and audio equipment, will aid demand for related value-added monitoring services, such as video verification and two-way audio.

Security Services Revenues Driven by Market-Specific Needs

The intensity of private security services use is often linked to how integral security is to a given facility. For instance, markets that are highly dependent on security as part of their business, such as the financial sector, invest far more into supplemental services than markets that tend to view security as a non-revenue generating expense, such as retail and office buildings.

Private providers will continue to face competition from in-house security staff at large facilities and from public providers in high security or particularly vulnerable venues such as educational facilities and airports.

Security at educational facilities has been thrown into the spotlight in recent years following a number of highly publicized school shootings. Although this attention will increase security service revenues, particularly for integration and consulting, tight budgets and a strong reliance on public law enforcement will limit faster gains.

Study Coverage

This study presents historical demand data (2006, 2011, and 2016) and forecasts (2021) by service (guarding, alarm monitoring, private investigations, systems integration and management, cash-in-transit and related services, security consulting, pre-employment screening) and market (commercial, industrial, government, institutional, other nonresidential, residential). The study also evaluates company market share and competitive analysis on industry competitors including ADT, Allied Universal, APX Group (Vivint), Brink’s, G4S, Johnson Controls, Loomis, Monitronics, and Securitas.

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  1. Private Security Services in the US by Service and Market, 15th Edition

    $5,500.00

    1. 1 EXECUTIVE SUMMARY

      $223.00

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

    2. 2 OVERVIEW

      $2,652.00

      1. 2.1 Key Findings

        $82.00

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

      2. 2.2 Public Safety Environment

        $1,522.00

        1. 2.2.1 Types of Protection Services

          $128.00

          1. Table | Public Safety Sector Employment, 2006 - 2015

        2. 2.2.2 Crime

          $889.00

          1. Figure 2-2 | US Crime Rates, 2006 - 2015

          2. Table | Violent Crime Levels, 2006 - 2015

          3. Table | Property Crime Levels, 2006 - 2015

          4. Table | Incidences of Terrorism in the US, 2006 - 2015

          5. Table | Selected Other Nonconventional Crimes, 2006 - 2015

        3. 2.2.3 Fire

          $455.00

          1. Table | Fire Levels & Losses, 2006 - 2015

      3. 2.3 Technological Environment

        $447.00

      4. 2.4 Regulatory Environment

        $623.00

        1. 2.4.1 Security Guards

          $148.00

        2. 2.4.2 Alarm Monitoring

          $130.00

        3. 2.4.3 Private Investigators

          $82.00

        4. 2.4.4 Cash-in-Transit & Related Services

          $83.00

        5. 2.4.5 Pre-Employment Screening

          $87.00

        6. 2.4.6 Others

          $82.00

    3. 3 SERVICES

      $4,518.00

      1. 3.1 Key Findings

        $82.00

        1. Figure 3-1 | Key Private Security Service Trends by Type

      2. 3.2 Revenue by Type

        $267.00

        1. Table | Private Security Service Revenues, 2006 - 2021

      3. 3.3 Guarding

        $980.00

        1. 3.3.1 Guarding: Revenue Forecast

          $581.00

          1. Table | Security Guard Revenues, 2006 - 2021

          2. Figure 3-2 | State-Wide Guard Background Check Requirements

          3. Figure 3-3 | State-Wide Guard Training Requirements

        2. 3.3.2 Guarding: Applications

          $260.00

          1. Figure 3-4 | Primary Guarding Applications

          2. Table | Specialized Guard Offerings

        3. 3.3.3 Guarding: Vendors & Market Share

          $139.00

          1. Figure 3-5 | Security Guard Market Share, 2016

      4. 3.4 Alarm Monitoring Services

        $1,186.00

        1. 3.4.1 Alarm Monitoring Services: Revenue Forecast

          $226.00

          1. Figure 3-6 | Alarm Monitoring Service Revenues & Spending Against GDP, 2006 - 2021

        2. 3.4.2 Alarm Monitoring Services: Forecast by Service Type

          $802.00

          1. Table | Alarm Monitoring Service Revenues, 2006 - 2021

          2. Table | Residential Intrusion & Fire Alarm Monitoring Market, 2006 - 2021

          3. Figure 3-7 | Residential Alarm Monitoring Revenues & Share of Households with Subscriptions, 2006 - 2021

          4. Table | Nonresidential Alarm Monitoring Market, 2006 - 2021

          5. Figure 3-8 | Nonresidential Alarm Monitoring Revenues & Subscriptions, 2006 - 2021

          6. Table | Personal Emergency Response System Monitoring Market, 2006 - 2021

          7. Figure 3-9 | PERS Alarm Monitoring Revenues & Contracts, 2006 - 2021

        3. 3.4.3 Alarm Monitoring Services: Vendors Competition

          $82.00

        4. 3.4.4 Alarm Monitoring Services: Market Share

          $82.00

          1. Figure 3-10 | Alarm Monitoring Service Market Share, 2016

      5. 3.5 Private Investigation Services

        $291.00

        1. 3.5.1 Private Investigation Services: Revenue Forecast

          $186.00

          1. Table | Private Investigation Revenues, 2006 - 2021

          2. Table | Examples of Private Investigative Services by Market

        2. 3.5.2 Private Investigation Services: Vendors & Market Share

          $102.00

      6. 3.6 Systems Integration & Management

        $225.00

        1. 3.6.1 Systems Integration & Management: Revenue Forecas

          $137.00

          1. Table | Systems Integration & Management Service Revenues, 2006 - 2021

          2. Figure 3-11 | Types of Systems Commonly Integrated

        2. 3.6.2 Systems Integration & Management: Vendors

          $86.00

      7. 3.7 Cash-in-Transit & Related Services

        $565.00

        1. 3.7.1 Cash-in-Transit & Related Services: Revenue Forecast

          $144.00

          1. Table | Cash-in-Transit & Related Service Revenues, 2006 - 2021

          2. Figure 3-12 | Armored Transport Spending per Banking & Credit Office, 2006 - 2021

        2. 3.7.2 Traditional Armored Transport

          $82.00

        3. 3.7.3 ATM Management & Replenishment

          $82.00

        4. 3.7.4 Secured Logistics

          $82.00

        5. 3.7.5 Cash Management

          $82.00

        6. 3.7.6 Cash-in-Transit & Related Services: Vendors & Market Share

          $132.00

          1. Figure 3-13 | Cash-in-Transit & Related Services Market Share, 2016

      8. 3.8 Security Consulting

        $289.00

        1. 3.8.1 Security Consulting: Revenue Forecast

          $163.00

          1. Table | Security Consulting Revenues, 2006 - 2021

          2. Figure 3-14 | Types of Security Consulting Services

        2. 3.8.2 Security Consulting: Vendors

          $124.00

      9. 3.9 Pre-Employment Screening

        $450.00

        1. 3.9.1 Pre-Employment Screening: Revenue Forecast

          $157.00

          1. Table | Pre-Employment Screening Service Revenues, 2006 - 2021

          2. Figure 3-15 | Pre-Employment Screening per Civilian Employee, 2006 - 2021

        2. 3.9.2 Pre-Employment Screening: Ban-the-Box Trends

          $82.00

        3. 3.9.3 Pre-Employment Screening: Regulations

          $174.00

        4. 3.9.4 Pre-Employment Screening: Vendors

          $82.00

      10. 3.10 Other Security Services

        $201.00

        1. 3.10.1 Other Security Services: Scope

          $82.00

        2. 3.10.2 Other Security Services: Revenue Forecast

          $98.00

          1. Table | Other Security Service Revenues, 2006 - 2021

        3. 3.10.3 Other Security Services: Airline Security

          $82.00

    4. 4 MARKETS

      $3,557.00

      1. 4.1 Key Findings

        $82.00

        1. Figure 4-1 | Key Private Security Service Trends by Market

      2. 4.2 Revenue by Market

        $111.00

        1. Table | Private Security Service Revenues by Market, 2006 - 2021

      3. 4.3 Nonresidential

        $137.00

        1. Table | Nonresidential Security Service Revenue by Market, 2006 - 2021

      4. 4.4 Commercial

        $1,299.00

        1. Table | Commercial Security Service Revenues by Service & Sector, 2006 - 2021

        2. 4.4.1 Commercial Offices & Office Buildings

          $361.00

          1. Table | Commercial Offices & Office Buildings Security Service Revenues, 2006 - 2021

          2. Figure 4-2 | Security Spending in Commercial Offices & Office Buildings, 2006 - 2021

        3. 4.4.2 Financial Institutions

          $238.00

          1. Table | Financial Institutions Security Service Revenues, 2006 - 2021

          2. Figure 4-3 | Security Service Spending per Banking & Credit Office, 2006 - 2021

        4. 4.4.3 Retail

          $295.00

          1. Table | Retail Security Service Revenues, 2006 - 2021

        5. 4.4.4 Other Commercial

          $243.00

          1. Table | Other Commercial Security Service Revenues, 2006 - 2021

      5. 4.5 Industrial

        $346.00

        1. 4.5.1 Industrial: Revenue Trends

          $170.00

          1. Table | Industrial Security Service Revenues by Service & Market, 2006 - 2021

        2. 4.5.2 Industrial: Demand by Service Type

          $82.00

        3. 4.5.3 Industrial: Demand by Market

          $103.00

      6. 4.6 Government

        $229.00

        1. 4.6.1 Government: Scope

          $82.00

        2. 4.6.2 Government: Market Forecast

          $144.00

          1. Table | Government Security Service Revenues, 2006 - 2021

        3. 4.6.3 Government: Demand by Service Type

          $82.00

      7. 4.7 Institutional

        $766.00

        1. Table | Institutional Security Service Revenues by Service & Market, 2006 - 2021

        2. 4.7.1 Institutional: Demand by Service Type

          $108.00

        3. 4.7.2 Institutional: Demand by Market

          $476.00

          1. Figure 4-4 | Healthcare Facilities & Spending per Facility, 2006 - 2021

          2. Figure 4-5 | Education Facilities & Spending Per Facility, 2006 - 2021

      8. 4.8 Other Nonresidential

        $337.00

        1. 4.8.1 Other Nonresidential: Scope

          $82.00

        2. 4.8.2 Other Nonresidential: Revenue Forecast

          $109.00

          1. Table | Other Nonresidential Security Service Revenues by Service & Market, 2006 - 2021

        3. 4.8.3 Public Venues

          $107.00

        4. 4.8.4 All Other Nonresidential

          $98.00

      9. 4.9 Residential

        $277.00

        1. 4.9.1 Residential: Revenue Forecast

          $172.00

          1. Table | Residential Security Service Revenues, 2006 - 2021

        2. 4.9.2 Residential Alarm Monitoring Trends\

          $104.00

    5. 5 INDUSTRY STRUCTURE

      $2,417.00

      1. 5.1 Key Findings & Industry Composition

        $156.00

        1. Table | Private Security Service Revenues by Company, 2016

      2. 5.2 Industry Composition by Service

        $464.00

        1. 5.2.1 Guarding Firms

          $82.00

        2. 5.2.2 Alarm Monitoring Firms

          $82.00

        3. 5.2.3 Private Investigation Firms

          $82.00

        4. 5.2.4 Security Systems Integration Firms

          $82.00

        5. 5.2.5 Cash-in-Transit & Related Firms

          $82.00

        6. 5.2.6 Security Consulting Firms

          $85.00

        7. 5.2.7 Pre-Employment Screening Firms

          $121.00

      3. 5.3 Market Share

        $490.00

        1. Figure 5-1 | US Private Security Service Market Share, 2016

        2. 5.3.1 Allied Universal

          $124.00

          1. Figure 5-2 | Private Security Service Market Leader: First Leading Provider

        3. 5.3.2 ADT

          $82.00

          1. Figure 5-3 | Private Security Service Market Leader: Second Leading Provider

        4. 5.3.3 Securitas

          $90.00

          1. Figure 5-4 | Private Security Service Market Leader: Third Leading Provider

        5. 5.3.4 G4S

          $82.00

          1. Figure 5-5 | Private Security Service Market Leader: Fourth Leading Provider

        6. 5.3.5 Johnson Controls

          $82.00

          1. Figure 5-6 | Private Security Service Market Leader: Fifth Leading Provider

      4. 5.4 Competitive Strategies

        $225.00

        1. Table | Key Competitive Strategies Utilized by Private Security Service Providers

      5. 5.5 Marketing

        $401.00

        1. 5.5.1 Marketing: Nonresidential

          $162.00

        2. 5.5.2 Marketing: Residential

          $166.00

      6. 5.6 Mergers & Acquisitions

        $207.00

        1. Table | Selected Acquisitions & Divestitures

      7. 5.7 Cooperative Agreements

        $148.00

        1. Table | Selected Cooperative Agreements

      8. 5.8 List of Industry Participants

        $326.00

    6. 6 APPENDIX

      $2,051.00

      1. 6.1 Scope

        $151.00

        1. Table | Study Scope: Private Security Services

        2. Table | Relevant NAICS Codes

      2. 6.2 Methodology

        $82.00

      3. 6.3 Sources

        $82.00

      4. 6.4 Associations & Agencies

        $82.00

      5. 6.5 Related Freedonia Group Studies

        $82.00

        1. 6.5.1 US Studies

          $82.00

        2. 6.5.2 Global Studies

          $82.00

      6. 6.6 Definitions

        $282.00

        1. 6.6.1 General

          $82.00

        2. 6.6.2 Services

          $184.00

        3. 6.6.3 Markets

          $82.00

      7. 6.7 Abbreviations

        $82.00

        1. Table | Abbreviations & Acronyms Used in Study

      8. 6.8 Macroeconomic Assumptions

        $377.00

        1. 6.8.1 Economic Environment

          $182.00

          1. Table | Macroeconomic Indicators, 2006 - 2021

          2. Figure 6-1 | Annual Growth in Real GDP, 2000 - 2016, Compared to 1980 - 2005 Average (percent)

        2. 6.8.2 Demographic Trends

          $184.00

          1. Table | Population & Households, 2006 - 2021

          2. Figure 6-2 | Annual Population Growth, 2001 - 2016

      9. 6.9 Consumer Spending Trends

        $157.00

        1. Table | Personal Consumption Expenditures, 2006 - 2021

      10. 6.10 Building Construction Outlook

        $120.00

        1. Table | Building Construction Expenditures, 2006 - 2021

      11. 6.11 Business Establishment Trends

        $181.00

        1. Table | Business Establishments, 2006 - 2021

      12. 6.12 Manufacturing Outlook

        $204.00

        1. Table | Manufacturers' Shipments, 2006 - 2021

      13. 6.13 Service Sector Outlook

        $283.00

        1. Table | Service Sector Outlook, 2006 - 2021

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