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          1. Surveillance, Investigation & Security Consulting Services Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/20/2020
            SIC Codes: 7381
            NAICS Codes: 561611
            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 Surveillance, Investigation & Security Consulting Services Industry Profile

            Companies in this industry provide investigation and detective services. Major firms include US-based FTI Consulting, Allied Universal, Kroll, and Sterling.

            Because of the global nature of business operations, investigation firms frequently operate in multiple countries. Multinational clients may seek providers with local expertise in numerous jurisdictions. Demand for investigation services is expected to double in China and India by 2020, according to the Freedonia Group.

            The US surveillance, investigation, and security consulting industry includes about 4,300 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $4.9 billion.

            COMPETITIVE LANDSCAPE

            Demand is driven by the needs of businesses, nonprofit institutions, and government agencies for outside advice on risk assessment and mitigation. The profitability of individual firms depends on the efficiency of their operations and their ability to maintain a steady flow of business. Large firms have advantages in being able to offer broad ranges of services and to take on more complex projects. Small firms can compete effectively by specializing. The US industry is concentrated: the top 50 firms account for about 60% of industry revenue.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Major services include background investigations related to employment, as well as legal investigations services, corporate investigations, and insurance investigations.

            Pre-employment services assist clients in making confident hiring decisions. Typical services include screening, background checks, and other human resources-related information services. Firms may check Social Security histories, credit reports, traffic violations, and criminal records.

            Legal investigation ...

             
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