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:
Correctional Facility Management
Systems Integration & Management
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:
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:
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.