Private Security Services

  • ID: 4532937
  • Report
  • 412 Pages
  • The Freedonia Group
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Private Security Services

Demand for private security services in the US will increase 4.2 percent per year through 2019 to $66.9 billion. Gains will be supported by both real and perceived concerns regarding security risks, fueled by a wide variety of highly publicized incidents. The rising technological complexity of security devices will work to both complement and compete with private security services, in some cases reducing the need for manned personnel and in others necessitating the need for higher value services.

This report segments the US private security services industry by service, market, and region. In addition, demand is broken out for key metropolitan markets. Data is provided in dollars.

Services covered in this report include:

Guarding

Alarm Monitoring

Private Investigations

Correctional Facility Management

Systems Integration & Management

Armored Transport

Security Consulting

Pre-Employment Screening

Guarding and alarm monitoring services represent the two largest market segments, both of which will account for roughly one-third of US sales in 2019. The fastest gains will be seen in systems integration and management services and security consulting. Rising need for these services will be driven by the need for streamlined interoperability between both security systems and other building management systems.

Private security services demand is further broken out into two markets:

Nonresidential

Residential

Although both markets are expected to see similar gains through 2019, sales to the nonresidential market will continue to account for the larger share of demand, with approximately three-quarters of US sales. Growth will be driven by strong gains in the institutional market, particularly as healthcare providers continue to use more complex, highly integrated security systems and related services.

US regions covered in the study include:

Northeast

Midwest

South

West

The South and West will continue to represent the two largest regional markets for private security services through 2019. Growth in these regions will outpace that seen in the Northeast or Midwest, supported by the comparatively large and faster growing populations in the South and West.

Although there are some large national providers of security services, most segments of the industry are highly fragmented, composed of thousands of firms, most of which are small and provide a limited range of services. Key industry participants include ADT, Akal Security, AlliedBarton Security Services, Brink’s, Corrections Corporation of America, Garda World Security, GEO Group, G4S, Guardsmark, Loomis, Securitas, Siemens, Stanley Black & Decker, Tyco International, and US Security Associates.
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INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Demographic & Social Environment
Demographic Trends
Employment Outlook
Macroeconomic Environment
Consumer Spending Trends
Building Construction Outlook
Business Establishment Trends
Manufacturing Outlook
Retail Sales Outlook
Service Sector Outlook
Public Safety Environment
Crime
Violent Crimes
Property Crimes
Terrorism & Other Nonconventional Crimes
Terrorism
Other Nonconventional Crimes
Adult Inmate Trends
Fire
Technological Environment
Regulatory Environment
Security Guards
Alarm Monitoring
Private Investigators
Correctional Facility Management
Armored Transport
Pre-Employment Screening
Others
World Market
III. SERVICES
General
Guarding
Market Trends
Pre-Employment Screening
Training
Wages & Benefits
Applications
Vendors & Market Share
Alarm Monitoring Services
Residential Intrusion & Fire
Market Trends
Market Threats
Nonresidential
Personal Emergency Response System
Vendors & Market Share
Competition
Leading Vendors
Private Investigation Services
Market Trends
Vendors
Correctional Facility Management
Market Trends
Market Threats
Vendors & Market Share
Systems Integration & Management
Services & Technologies
Vendors
Armored Transport Services
Traditional Armored Transport
ATM Servicing & Other
ATMs
Other Services
Vendors & Market Share
Security Consulting
Services
Vendors
Pre-Employment Screening
Market Trends
Vendors
Other Security Services
IV. MARKETS
General
Nonresidential
Commercial
Commercial Offices & Office Buildings
Financial Institutions
Retail
Other Commercial
Government
Industrial
Manufacturing Facilities
Warehouses
Institutional
Healthcare Facilities
Schools
Other Institutional Markets
Other Nonresidential Markets
Public Venues
All Other
Residential
Alarm Monitoring
Guarding & Other Services
V. REGIONAL MARKETS
General
Regional Demographic & Economic Trends
Population Patterns
Economic Outlook
Construction Activity
Public Safety Trends
Regional Crime Rates
Local Crime Trends
Fire Trends
Regional Private Security Service Overview
Northeast
Market Outlook
New England
Middle Atlantic
Midwest
Market Outlook
East North Central
West North Central
South
Market Outlook
South Atlantic
East South Central
West South Central
West
Market Outlook
Mountain
Pacific
Major Metropolitan Areas
Correctional Facility Management
VI. INDUSTRY STRUCTURE
General
Industry Composition
Guarding Firms
Alarm Monitoring Firms
Private Investigation Firms
Correctional Facility Management Firms
Armored Transport Firms
Security Systems Integration Firms
Security Consulting Firms
Pre-Employment Screening Firms
Market Share
Competitive Strategies
Marketing
Nonresidential
Residential
Mergers & Acquisitions
Cooperative Agreements
Company Profiles
ABM Industries Incorporated
Accuity Holdings, see RELX Group
ADT Corporation
Akal Security Incorporated
AlliedBarton Security Services LLC
Altegrity Incorporated
APX Group Holdings Incorporated
Armstrong Group
Automatic Data Processing Incorporated
BI, see GEO Group
Brink’s Company
Centerra Group LLC
Coastal International Security, see Akal Security
Correctional Alternatives, see Corrections Corporation of America
Corrections Corporation of America
Day & Zimmermann Group Incorporated
Diebold Incorporated
Diversco Integrated Services, see ABM Industries
Doyon-Akal JV, see Akal Security
Dunbar Companies
Garda World Security Corporation
GEO Group Incorporated
G4S plc
Gregg Protection Services, see Centerra Group
Guardian Protection Services, see Armstrong Group
Guardsmark LLC
HireRight, see Altegrity
Honeywell International Incorporated
Inter-Con Security Systems Incorporated
Johnson Controls Incorporated
Kroll, see Altegrity
Loomis AB
Management & Training Corporation
Monitronics International Incorporated
Pacific Security Integrations, see Protection One
Paragon Systems, see Securitas
Philips Lifeline, see Royal Philips Electronics
Pinkerton Consulting & Investigations, see Securitas
Protection One Incorporated
Red Hawk Fire and Security US
Reed Elsevier Group, see RELX Group
RELX Group plc
Royal Philips NV
Securitas AB
Security Networks, see Monitronics International
Siemens AG
SimplexGrinnell, see Tyco International
Slomin’s Incorporated
Software House, see Tyco International
Sonitrol, see Stanley Black & Decker
Stanley Black & Decker Incorporated
TransCor America, see Corrections Corporation of America
Tyco International plc
Universal Services of America LP
US Security Associates Incorporated
Vector Security Incorporated
VIA MAT Holding, see Loomis
Vintage Security, see Protection One
Visonic, see Tyco International
Westfire, see Tyco International
WorldCompliance, see RELX Group
Other Companies Mentioned In This Study
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Population & Households
2 Employment Outlook
3 Macroeconomic Indicators
4 Personal Consumption Expenditures
5 Building Construction Expenditures
6 Business Establishments
7 Manufacturers’ Shipments
8 Retail Sales
9 Service Income
10 Public Safety Sector Employment, 2004-2013
11 Violent Crime Levels, 2004-2013
12 Property Crime Levels, 2004-2013
13 Incidences of Terrorism in the US, 2004-2013
14 Selected Other Nonconventional Crimes, 2004-2013
15 Adult Inmate Population
16 Fire Levels & Losses, 2004-2013
SECTION III -- SERVICES
1 Private Security Service Revenues
2 Security Guard Revenues
3 Alarm Monitoring Service Revenues
4 Residential Intrusion & Fire Alarm Monitoring Market
5 Nonresidential Alarm Monitoring Market
6 Personal Emergency Response System Monitoring Market
7 Private Investigation Revenues
8 Correctional Facility Management Revenues
9 Selected Correctional Facility Management Contract Agreements
10 Systems Integration & Management Service Revenues
11 Armored Transport Service Revenues
12 Security Consulting Revenues
13 Pre-Employment Screening Service Revenues
14 Other Security Service Revenues
SECTION IV -- MARKETS
1 Private Security Service Revenues by Market
2 Nonresidential Security Service Revenues by Market
3 Commercial Security Service Revenues by Service & Sector
4 Commercial Offices & Office Buildings Security Service Revenues
5 Financial Institutions Security Service Revenues
6 Retail Security Service Revenues
7 Other Commercial Security Service Revenues
8 Government Security Service Revenues
9 Industrial Security Service Revenues by Service & Market
10 Institutional Security Service Revenues by Service & Market
11 Higher Education Campus Crime Levels, 2004-2013
12 Other Nonresidential Security Service Revenues by Service & Market
13 Residential Security Service Revenues
SECTION V -- REGIONAL MARKETS
1 Population by Region
2 Gross Domestic Product by Region
3 Construction Expenditures by Region
4 Crimes Rates by Region, 2004-2013
5 Reported Crimes & Crime Rates by Type of Area, 2004-2013
6 Regional Fire Overview, 2014
7 Private Security Service Market by Region
8 Northeast Security Market Profile, 2014
9 Northeast Security Service Revenues by Subregion
10 Midwest Security Service Market Profile, 2014
11 Midwest Security Service Revenues by Subregion
12 South Security Service Market Profile, 2014
13 South Security Service Revenues by Subregion
14 West Security Service Market Profile, 2014
15 West Security Service Revenues by Subregion
16 Private Security Service Market Profile by Selected Major Metropolitan Areas, 2014
17 Private Security Service Revenues by Selected Major Metropolitan Areas
SECTION VI -- INDUSTRY STRUCTURE
1 Private Security Service Revenues by Company, 2014
2 Selected Acquisitions & Divestitures
3 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Safety Sector Employment, 2014
2 US Crime Rates, 2004-2013
3 World Security Service Market, 2014
SECTION III -- SERVICES
1 Security Service Revenues by Types of Service, 2014
2 Security Guard Market Share, 2014
3 Alarm Monitoring Revenues by Market, 2014
4 Alarm Monitoring Market Share, 2014
5 Correctional Facility Management Market Share, 2014
6 Armored Transport Service Market Share, 2014
SECTION IV -- MARKETS
1 Private Security Service Revenues by Market, 2004-2024
2 Nonresidential Security Service Revenues by Market, 2014
SECTION V -- REGIONAL MARKETS
1 Crime Rates by Region, 2004-2013
2 Private Security Service Market by Region, 2014
3 Percent of State & Federal Inmates Held Under Private
Correctional Facility Management Contracts by Subregion, 2014
SECTION VI -- INDUSTRY STRUCTURE
1 Private Security Service Market Share, 2014
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