Security Guard Services Industry Profile

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Excerpt from Security Guard Services Industry Profile

Companies in this industry provide guard and control services. Major companies include US-based Allied Universal, National Security Alliance, and SecurAmerica, as well as GardaWorld (Canada), G4S (UK), Prosegur (Spain), Secom (Japan), and Securitas (Sweden).

The global investigation and security services industry has annual revenue of about $1 trillion in 2020 and is expected to reach $1.3 trillion by 2027 with a 3.2% CAGR over the period 2020-2027, according to Reportlinker.com. Growth in demand for security services is spurred by growing urbanization in developing markets, real and perceived threats of crime and terrorism, and rising middle class populations that can afford supplemental security services.

The US security guard services industry includes more than 9,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $29.6 billion.

COMPETITIVE LANDSCAPE

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 64% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include security guard and patrol services which account for about 97% of the industry revenue; ...

 
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