Security Guard Services
Brief Excerpt from Industry Overview Chapter:
Companies in this industry provide guard and control services. Top companies include US-based Allied Universal, National Security Alliance, and SecurAmerica, as well as G4S (UK), GardaWorld (Canada), Prosegur (Spain), Secom (Japan), and Securitas (Sweden).
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. Demand typically remains strong even during economic downturns due to growing global security concerns. 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 commercial and industrial businesses.
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