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Private Security Services - Forecast to 2023

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    Report

  • 238 Pages
  • November 2019
  • Region: Global
  • The Freedonia Group
  • ID: 4871154
Description Jump to:

This study analyzes the US private contracted security services market, including providing security for facilities, assets, and personnel. Revenues for private security services are examined by service and market in US dollars. Historical data for 2008, 2013, and 2018 and forecasts for 2023 are presented in current dollars (which are not adjusted to account for inflation).

Revenues by service include:


  • Guarding (includes patrolling, monitoring surveillance equipment, and overseeing stationary locations)
  • Security monitoring (includes planning security systems, performing maintenance and reviews, reacting to events, and providing post-event support)
  • Private investigations – includes hired personnel to perform such duties as:
  • Criminal, credit, and driving record searches
  • Verification of social security numbers, educational and professional credentials, previous employment, and property ownership
  • The location of missing persons
  • Polygraph examinations
  • Undercover operations
  • Searches for data for legal proceedings and regulatory matters
  • Retrieval of electronic data
  • Forensic accounting
  • Insurance, internal theft, competitive intelligence, and due diligence investigations

Systems integration and management, including:


  • Installation of new security systems, adding new components to an existing system, or integration of security equipment into overall building functions
  • Recurring services such as system maintenance, database management, and system monitoring
  • Cash-in-transit and related services (includes the transport of cash, other legal tenders, and valuables via armoured transport vehicles, and the provision of ATM management and replenishment, cash management, secure logistics, and other back-office services)
  • Security consulting (includes proactively planning security systems, performing maintenance and reviews, reacting to events, and providing post-event support)
  • Pre-employment screening (includes the screening of job applicants)
  • Drug and contraband detection dog services
  • Training for guards and other security personnel
  • Sweeping for bombs and surveillance devices
  • Renting vault rooms for off-site storage of computer data and other valuables
  • Private airline security services

Markets include:


  • Nonresidential:
    • Commercial (commercial offices and office buildings)
    • Industrial (manufacturing facilities and warehouses)
    • Government (courthouses, embassies, jails, military bases, monuments, prisons, publicly owned utilities, other government buildings)
    • Institutional (includes drug treatment centres, hospitals, nursing homes, psychiatric facilities, and rehabilitation centres, as well as primary and secondary schools, higher education facilities and campuses such as colleges and universities, daycare centres, tutoring centres, non-degree granting institutions such as certificate, business, or trade programs)
    • Other nonresidential (includes theatres, concert halls, convention centres, sports arenas, stadiums, and other public venues; private utility plants; nonprofit agencies; and air and nautical ports, bus terminals, train stations, and other transportation facilities)

  • Residential (includes single-family homes, multi-family homes, and manufactured homes)

Excluded from the scope of this study are:


  • Public safety personnel (e.g., police officers, public corrections officers, federal agents, and firefighters)
  • In-house, proprietary security services, such as guards, detectives, and off-duty police officers on the paid staff of (non-security) business establishments
  • Equipment installation services (aside from systems integration)
  • Locksmith activities
  • Security products distribution and sales
  • Private correctional facility management

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
  • 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
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
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)
Table 4-1 - Guarding Revenues, 2008 - 2023 (million dollars)
Table 4-2 - Specialized Guard Offerings
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)
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)
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)
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
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
Figure 1-1 - US Private Security Service Market
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)
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)
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)
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)
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
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
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
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)

Samples

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Companies Mentioned

  • ADT
  • Allied Universal
  • G4S
  • Garda World Security
  • Johnson Controls
  • Securitas

Methodology

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