Freedonia In The News

Article Title: Private contract security services to see steady global demand
By: Joel Griffin
Publication: SecurityInfoWatch, 2/1/2013
Freedonia Study: World Security Services (2978)

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According to new report from Cleveland-based research firm The Freedonia Group, global demand for private contract security services is expected to increase by more than 7 percent a year to $244 billion in 2016. Among the private contract security market segments covered in the "World Security Services" report include alarm monitoring, security systems integration, guard services, armored transport, security consulting, privately managed prisons, and private investigations. Contract guard services make up the majority of the market and will account for more than half of all total revenues in 2016.
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Article Title: Global Demand for Private Contract Security Services on the Rise
By:
Publication: Stealth Monitoring , 4/29/2013
Freedonia Study: World Security Services (2978)

Quote from article
As Security Info Watch has reported, the Freedonia Group, an international business research firm, has released a study that estimates that the global private contract security industry is on pace to reach $244 billion by 2016—a growth rate of 7.4% per year. Within the United States, the industry is expected to see a 5.4% annual growth to $64.5 billion by the same year.
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