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Private Security Services

Private Security Services

US private security services revenues are projected to increase 3.4% annually through 2023 to $80 billion. Gains will be supported by a healthy economy and construction activity, advancing technology, and a growing and changing landscape of potential threats.

This report covers private security service revenues by Service and Market, as well as a discussion of key trends in reported occurrences of crime and fire. This study also includes consumer survey data and insights as well as market share and competitive analysis of leading companies. Data are given in current dollar value.

Private security services covered in the study include:
Guarding
Security monitoring
Private investigations
Systems integration and management
Cash-in-transit and related services
Security consulting
Pre-employment screening

Markets for private security services include:
Commercial
Industrial
Government
Institutional
Other Nonresidential
Residential

Scope of the Report
This report covers the scope, size, and growth of the US private security service market including key trends in service offerings and market segmentation. Historical data are provided for 2008, 2013, and 2018 with a forecast for 2023, with historical market volatility also addressed. Data are provided in current dollar value. Also included is an analysis of the key participants and their market shares.


  • Executive Summary
    • Table Figure 1-1 - US Private Security Service Market
  • Overview
    • Key Findings
      • Table Figure 2-1 - Key Factors Impacting the US Private Security Service Market
    • Private Security Service Revenues
      • Table Figure 2-2 - Private Security Service Revenues, 2008 - 2018
      • Table Private Security Service Revenues, 2008 - 2023
    • Public Safety Environment
    • Public Safety Personnel
      • Table Public Safety Sector Employment, 2008 - 2023
      • Table Figure 2-3 - Safety Sector Employment Share by Type, 2018
      • Table Figure 2-4 - Consumer Insights: "I believe that local public safety forces (i.e., police & fire department) are able to adequately protect me", 2019
    • Crime
      • Historical Crime Rates
        • Table Figure 2-5 - Historical Crime Rates, 2008 - 2018
      • Violent Crime
        • Table Violent Crime Levels, 2008 - 2018
      • Property Crime
        • Table Property Crime Levels, 2008 - 2018
      • Terrorism
        • Table Incidences of Terrorism in the US, 2008 - 2017
      • Other Nonconventional Crime
        • Table Selected Other Nonconventional Crimes, 2008 - 2018
      • Fire
        • Table Fire Levels & Losses, 2008 - 2017
    • 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
  • Consumer Insights
    • Key Findings
      • Table Figure 3-1 - Key Consumer Insights in the US Private Security Service Market
    • Consumer Concern About Crime
      • Real vs. Perceived Crime Risk
        • Table Figure 3-2 - Consumer Perceptions of Potential Crime Risk in Past 12 Months, 2019
        • Table Agreement with the Statement "I worry about violence and crime", 2009 - 2019
        • Table Agreement with the Statement "I worry about violence and crime" by Selected Demographics, 2019
      • Concern About Crime at Home
        • Table Figure 3-3 - Consumer Concern About Crime at Home, 2019
      • Concern About Crime Away From Home
        • Table Figure 3-4 - Consumer Concern About Crime Away from Home, 2019
    • Alarm & Home Security System Ownership
      • Ownership by Alarm Type
        • Table Figure 3-5 - Consumer Alarm System Ownership by Type, 2019
        • Table Alarm System Ownership & Purchases in Last 12 Months by Type, 2009 - 2019
      • Ownership by Selected Demographics
        • Table Alarm & Home Security System Ownership & Purchasing Trends by Selected Demographics, 2019
      • Concerns About Owning an Alarm System
        • Table Figure 3-6 - Biggest Consumer Concerns About Using Alarm Systems at Home, 2019
    • Video Surveillance Camera Ownership
      • Ownership by Video Surveillance Type
        • Table Figure 3-7 - Consumer Video Surveillance Camera Ownership by Type, 2019
      • Reasons for Owning a Video Surveillance Camera
        • Table Figure 3-8 - Reasons for Owning a Video Surveillance Camera, 2019
    • Reasons for Owning a Security System
      • Table Figure 3-9 - Reasons for Owning an Alarm or Video Surveillance Camera at Home, Monitored or Otherwise, 2019
    • Gun License Trends
      • License by Type
        • Table Figure 3-10 - "Are you licensed to carry a gun?" by License Type, 2019
      • Gun Control Preferences of Gun Owners
        • Table Figure 3-11 - Gun Control Preferences, 2019
    • Smoke Detector Use & Purchasing Trends
      • Table Smoke/Fire Detector Ownership & Purchasing Trends by Selected Demographics, 2019
    • Attitudes About Metal Detectors & Scanners
      • Table Figure 3-12 - Metal Detector & Scanner Attitudes, 2019
  • Guarding
    • Key Findings
      • Table Figure 4-1 - Key Trends in Guarding
    • Factors Impacting Guarding Revenues
      • Guarding: Impact of Technological Advances
      • Guarding: Pre-Employment Screening
        • Table Figure 4-2 - Guard Background Check Requirements by US State, 2019
      • Guarding: Training
        • Table Figure 4-3 - Guard Training Requirements by US State, 2019
      • Guarding: Wages & Benefits
    • Guarding Revenue Forecast
      • Table Guarding Revenues, 2008 - 2023
    • Guarding: Applications
      • Guarding: Traditional Services
        • Table Figure 4-4 - Primary Guarding Applications
      • Guarding: Specialized Services
        • Table Specialized Guard Offerings
    • Guarding: Vendors & Market Share
      • Table Figure 4-5 - Guarding Market Share by Company, 2018
  • Security Monitoring
    • Key Findings
      • Table Figure 5-1 - Key Trends in Security Monitoring
    • Security Monitoring: Revenue Forecast
      • Security Monitoring: Revenues by Service Type
        • Table Security Monitoring Service Revenues by Service Type, 2008 - 2023
        • Table Figure 5-2 - Security Monitoring Service Revenues, 2008 - 2023
      • Residential Intrusion & Fire
        • Table Residential Intrusion & Fire Security Monitoring Revenue, 2008 - 2023
        • Table Figure 5-3 - Residential Security Monitoring Revenues & Share of Households with Subscriptions, 2008 - 2023
      • Nonresidential Intrusion & Fire
        • Table Nonresidential Security Monitoring Revenue, 2008 - 2023
        • Table Figure 5-4 - Nonresidential Security Monitoring Revenues & Subscriptions, 2008 - 2023
      • Personal Emergency Response Systems (PERS)
        • Table Personal Emergency Response System Monitoring Revenue, 2008 - 2023
        • Table Figure 5-5 - PERS Alarm Monitoring Revenues & Contracts, 2008 - 2023
      • 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
      • Table Figure 5-6 - Security Monitoring Service Market Share by Company, 2018
  • Other Services
    • Key Findings
      • Table Figure 6-1 - Key Trends in Other Private Security Services
    • Revenues by Type
      • Table Other Private Security Service Revenues, 2008 - 2023
    • Private Investigation Services
      • Private Investigation Services: Revenues
        • Table Private Investigation Revenues, 2008 - 2023
        • Table Examples of Private Investigative Services by Market
      • Private Investigation Services: Vendors
    • Systems Integration & Management
      • Systems Integration & Management: Revenues
        • Table Systems Integration & Management Service Revenues, 2008 - 2023
        • Table Figure 6-2 - Types of Systems Commonly Integrated
      • Systems Integration & Management: Vendors
    • Cash-in-Transit & Related Services
      • Cash-in-Transit & Related Services: Revenues by Service
        • Table Cash-in-Transit (CIT) &Related Service Revenues by Service, 2008 - 2023
        • Table Figure 6-3 - Cash-in-Transit (CIT) &Related Spending Per Banking & Credit Office, 2008 - 2023
      • Traditional Armored Transport
      • ATM Management & Replenishment
      • Secured Logistics
      • Cash Management
      • Cash-in-Transit & Related Services: Vendors & Market Share
        • Table Figure 6-4 - Cash-in-Transit & Related Services Market Share by Company, 2018
    • Security Consulting
      • Security Consulting: Revenues
        • Table Security Consulting Revenues, 2008 - 2023
        • Table Figure 6-5 - Types of Security Consulting Services
      • Security Consulting: Vendors
    • Pre-Employment Screening
      • Pre-Employment Screening: Revenues
        • Table Pre-Employment Screening Service Revenues, 2008 - 2023
        • Table Figure 6-6 - Pre-Employment Screening Per Civilian Employee, 2008 - 2023
      • Pre-Employment Screening: Screening Regulations & Ban-the-Box Trends
      • Pre-Employment Screening: Vendors
    • Other Security Services
      • Table Other Security Service Revenues, 2008 - 2023
  • Markets
    • Key Findings
      • Table Figure 7-1 - Key Private Security Service Trends by Market
    • Revenues by Market
      • Table Private Security Service Revenues by Market, 2008 - 2023
    • Commercial
      • Revenue by Service & Sector
        • Table Commercial Security Service Revenues by Service & Sector, 2008 - 2023
      • Commercial Offices & Office Buildings
        • Table Commercial Office & Office Building Security Service Revenues, 2008 - 2023
        • Table Figure 7-2 - Security Spending in Commercial Offices & Office Buildings, 2008 - 2023
      • Financial Institutions: Revenues by Service Type
        • Table Financial Institution Security Service Revenues, 2008 - 2023
        • Table Figure 7-3 - Security Service Spending Per Banking & Credit Office, 2008 - 2023
      • Retail
        • Table Retail Security Service Revenues, 2008 - 2023
      • Other Commercial: Revenues by Service Type
        • Table Other Commercial Security Service Revenues, 2008 - 2023
    • Industrial
      • Industrial: Revenues by Service Type
        • Table Industrial Security Service Revenues by Service, 2008 - 2023
      • Industrial: Revenues by Market
        • Table Industrial Security Service Revenues by Market, 2008 - 2023
    • Government: Revenues by Service Type
      • Table Government Security Service Revenues, 2008 - 2023
    • Institutional
      • Institutional: Revenues by Service Type & Market
        • Table Institutional Security Service Revenues by Service & Market, 2008 - 2023
      • Healthcare
        • Table Figure 7-4 - Healthcare Facilities & Spending Per Facility, 2008 - 2023
      • Educational Facilities
        • Table Figure 7-5 - Education Facilities & Spending Per Facility, 2008 - 2023
      • Other Institutional Settings
    • Other Nonresidential
      • Other Nonresidential: Revenues by Service Type & Market
        • Table Other Nonresidential Security Service Revenues by Service & Market, 2008 - 2023
      • Public Venues
      • All Other Nonresidential
    • Residential
      • Residential: Revenues by Service Type
        • Table Residential Security Service Revenues, 2008 - 2023
      • Residential: Security Monitoring Trends
  • Industry Structure
    • Key Findings & Industry Composition
      • Table US Private Security Service Revenues by Company, 2018
    • 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
      • Table Figure 8-1 - Private Security Services Market Share by Company, 2018
      • Table Figure 8-2 - Private Security Service Market: First Leading Provider
      • Table Figure 8-3 - Private Security Service Market: Second Leading Provider
      • Table Figure 8-4 - Private Security Service Market: Third Leading Provider
      • Table Figure 8-5 - Private Security Service Market: Fourth Leading Provider
      • Table Figure 8-6 - Private Security Service Market: Co-Fifth Leading Provider
      • Table Figure 8-7 - Private Security Service Market: Co-Fifth Leading Provider
    • Competitive Strategies
      • Table Key Competitive Strategies for Private Security Service Providers
    • Marketing
      • Marketing: Perceived Risk & Targeted Marketing
      • Marketing: Nonresidential
      • Marketing: Residential
    • Mergers & Acquisitions
      • Table Selected Mergers & Acquisitions
    • Cooperative Agreements
      • Table Selected Cooperative Agreements
    • List of Industry Participants
  • Appendix
    • Scope
      • Table Relevant NAICS & SIC Codes
    • Definitions
    • Abbreviations
      • Table Abbreviations & Acronyms Used in This Report
    • Freedonia Methodology
    • Study-Specific Methodology
    • Sources
    • Associations & Agencies
    • Related Studies & Reports
    • Macroeconomic Assumptions
      • Economic Environment
        • Table Macroeconomic Indicators, 2008 - 2023
        • Table Figure 9-1 - Annual Growth in Real GDP, 2000 - 2018, Compared to 1980 - 2005 Average
      • Demographics
        • Table Population & Households, 2008 - 2023
        • Table Figure 9-2 - Annual Population Growth, 2003 - 2018
      • Consumer Spending Trends
        • Table Personal Consumption Expenditures, 2008 – 2023
      • Building Construction Outlook
        • Table Building Construction Expenditures, 2008 – 2023
      • Business Establishment Trends
        • Table Business Establishments, 2008 – 2023
      • Manufacturing Outlook
        • Table Manufacturers' Shipments, 2008 - 2023
      • Service Sector Outlook
        • Table Service Sector Outlook, 2008 - 2023

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