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          1. Security Guard Services Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/4/2020
            SIC Codes: 7381
            NAICS Codes: 561612
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Security Guard Services Industry Profile

            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).

            The global outsourced security guard services industry has annual revenue of about $135 billion, according to Securitas. 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 about 9,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $29.5 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 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.

            The ...

             
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