|Last Quarterly Update:||1/23/2017|
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Companies in this industry provide investigation and detective services. Major firms include US-based Altegrity, The Diamond Group, FTI Consulting, Guardsmark, and SterlingBackcheck.
Because of the global nature of business operations, investigation firms frequently operate in multiple countries. Multinational clients may seek providers with local expertise in numerous jurisdictions. Demand for investigation services is growing in developing parts of Asia, Eastern Europe, Africa, and the Middle East.
The US surveillance, investigation, and security consulting industry includes about 4,600 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $5 billion.
Demand is driven by the needs of businesses, nonprofit institutions, and government agencies for outside advice on risk assessment and mitigation. The profitability of individual firms depends on the efficiency of their operations and their ability to maintain a steady flow of business. Large firms have advantages in being able to offer broad ranges of services and to take on more complex projects. Small firms can compete effectively by specializing. The US industry is concentrated: the top 50 firms account for about 55% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include background investigations related to employment, as well as legal investigations services, corporate investigations, and insurance investigations.
Pre-employment services assist clients in making confident hiring decisions. Typical services include screening, background checks, and other human resources-related information services. Firms may check Social Security histories, credit reports, traffic violations, and criminal records.
Legal investigation ...
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