Security Guard Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/24/2017
SIC Codes: 7381
NAICS Codes: 561612
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Security Guard Services Industry Profile

Companies in this industry provide guard and control services. Top companies include US-based Allied Security and Dunbar Armored, as well as G4S and Reliance Security Group (both of the UK), Prosegur (Spain), Secom (Japan), and Securitas (Sweden).

The global security services industry, which includes security guard services, is forecast to grow about 6% per year to reach a value of about $240 billion by 2020, according to the Freedonia Group. Growth in demand for security services is spurred by growing urbanization in developing markets, real and perceived threats of crime and terrorism, and rising middle class populations that can afford supplemental security services.

The US security guard services industry includes about 10,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $23 billion.

COMPETITIVE LANDSCAPE

Demand is driven by the need for the government, corporations, and other entities to protect their facilities, employees, data, and other assets. The profitability of individual companies depends on operational efficiency. Large companies enjoy economies of scale in marketing and administration; small companies can compete by specializing in serving particular types of clients or geographic areas. The US industry is concentrated: the 50 largest companies generate about 65% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include patrol services on foot or in a vehicle, building alarm monitoring, and building access control services. Customers include education, finance, and government institutions, as well as retail establishments and ...

 
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