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Private Security Services (US Market & Forecast)

Abstract

US demand to rise 5.2% annually through 2016

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US demand for private contracted security services is projected to increase 5.2 percent annually to $63.8 billion in 2016. The market will be supported by a high perceived risk of crime (from conventional violent and property crimes to white collar crimes and terrorism) and a concern that public safety officials are overburdened. The outsourcing of security activities to contracted firms, instead of relying on in-house security, will support demand. The privatization of some public safety operations, such as guarding government facilities and correctional facilities management, will also boost gains.

Higher tech services hold especially good prospects

Security services that capitalize on continuing technological developments hold especially good prospects. For instance, both security consulting and systems integration revenues will see above-average growth. Security consultants and systems integrators are able to manage a wide variety of services when creating, upgrading or implementing security plans and when installing or upgrading complex electronic security devices. In addition, the trend toward more sophisticated and automated security electronics that are increasingly integrated with other building operations will boost growth for these services.

Labor intensive services to see below average growth

In contrast, security services that are more labor intensive, such as private investigations and armored transport, are expected to see below average growth. These services face strong competition from a range of technological advancements, including improvements in security systems, information technology and, in the case of armored transport, electronic finance. In contrast, security guarding, though also labor intensive, will see solid gains through 2016 as providers continue to promote valueadded services and features, emphasizing their guards' special skills and high level of training as a way to differentiate themselves from low-price vendors.

Residential market to outpace nonresidential

Security service requirements vary across the major markets, influenced by factors such as exposure to potential loss, the nature of the customers' activities, and the availability of alternative security options. In 2012, the nonresidential market accounted for approximately three-fourths of all private security services demand. However, through 2016 the residential market is expected to outpace the nonresidential market, benefiting from the recovery in housing construction, which will spur strong growth in residential alarm monitoring.

In the nonresidential market, the best growth prospects are in the industrial and institutional sectors. Industrial demand for security services will be supported by the recovery in manufacturing activity and rebound in industrial construction. The institutional market will also benefit from strong growth in construction activity, which will increase the number of facilities that require protection. In addition, demand will be supported by the gravity of security risks in institutional settings where large numbers of persons typically are gathered, many of whom are less able to protect themselves.

Study coverage

Details on these and other findings are contained in the upcoming Freedonia industry study, Private Security Services presents historical demand data for 2001, 2006 and 2011, plus forecasts for 2016 and 2021 by type, market, and US region. The study also assesses key market environment factors, evaluates company market share, and profiles 35 US industry competitors, such as ADT, AlliedBarton, CCA, G4S and Securitas.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • Demographic & Social Environment
    • Demographic Trends
    • Employment Outlook
  • Macroeconomic Environment
  • Consumer Spending Trends
  • Building Construction Outlook
  • Business Establishment Trends
  • Manufacturing Outlook
  • Retail Sales Outlook
  • Service Sector Outlook
  • Public Safety Environment
    • Crime
      • Violent Crimes
      • Property Crimes
      • Terrorism & Other Nonconventional Crimes
        • Terrorism
        • Other Nonconventional Crimes
    • Adult Inmate Trends
    • Fire
  • Technological Environment
  • Regulatory Environment
    • Security Guards
    • Alarm Monitoring
    • Private Investigators
    • Correctional Facility Management
    • Armored Transport
    • Pre-Employment Screening
    • Others
  • World Market

III. SECURITY SERVICES

  • General
  • Guarding
    • Market Trends
      • Pre-Employment Screening
      • Training
      • Wages & Benefits
    • Applications
    • Vendors & Market Share
  • Alarm Monitoring Services
    • Residential Intrusion & Fire
      • Market Trends
      • Market Threats
    • Nonresidential
    • Personal Emergency Response Service
    • Vendors & Market Share
      • Competition
      • Leading Vendors
  • Private Investigation Services
    • Market Trends
    • Vendors
  • Correctional Facility Management
    • Market Trends
    • Market Threats
    • Vendors & Market Share
  • Armored Transport Services
    • Traditional Armored Transport
    • ATM Servicing & Other
      • ATMs
      • Other Services
    • Vendors & Market Share
  • Systems Integration & Management
    • Services & Technologies
    • Vendors
  • Security Consulting
    • Services
    • Vendors
  • Pre-Employment Screening
    • Market Trends
    • Vendors
  • Other Security Services

IV. MARKETS

  • General
  • Nonresidential
    • Commercial
      • Commercial Offices & Office Buildings
      • Financial Institutions
      • Retail
      • Other Commercial
    • Government
    • Industrial
      • Manufacturing Facilities
      • Warehouses
    • Institutional
      • Health Care Facilities
      • Schools
      • Other Institutional Markets
    • Other Nonresidential Markets
      • Public Venues
      • All Other
  • Residential
    • Alarm Monitoring
    • Guarding & Other Services

V. REGIONAL MARKETS

  • General
  • Regional Demographic & Economic Trends
    • Population Patterns
    • Economic Outlook
  • Construction Activity
  • Public Safety Trends
    • Regional Crime Rates
    • Local Crime Trends
    • Fire Trends
  • Regional Private Security Service Overview
  • Northeast
    • Market Outlook
    • New England
    • Middle Atlantic
  • Midwest
    • Market Outlook
    • East North Central
    • West North Central
  • South
    • Market Outlook
    • South Atlantic
    • East South Central
    • West South Central
  • West
    • Market Outlook
    • Mountain
    • Pacific
  • Major Metropolitan Areas
  • Correctional Facility Management

VI. INDUSTRY STRUCTURE

  • General
  • Industry Composition
    • Guarding Firms
    • Alarm Monitoring Firms
    • Private Investigation Firms
    • Correctional Facility Management Firms
    • Armored Transport Firms
    • Security Systems Integration Firms
    • Security Consulting Firms
    • Pre-Employment Screening Firms
  • Market Share
  • Competitive Strategies
  • Marketing
    • Nonresidential
    • Residential
  • Mergers & Acquisitions
  • Cooperative Agreements

COMPANY PROFILES

  • ABM Industries Incorporated
  • Accuity Holdings, see Reed Elsevier Group
  • Adesta, see G4S
  • ADT Corporation
  • Advanced Solutions, see Protection One
  • Akal Security Incorporated
  • AlliedBarton Security Services
  • Altegrity Incorporated
  • American Alert, see Vector Security
  • Armstrong Group
  • Automatic Data Processing Incorporated
  • BI, see GEO Group
  • Brink's Company
  • Camtronic Security Integration, see Protection One
  • Central Alarm, see Protection One
  • Certified Security Systems, see Vector Security
  • Champions of the West, see G4S
  • Coastal International Security, see Akal Security
  • Corrections Corporation of America
  • Counterforce USA, see United Technologies
  • Day & Zimmermann Group Incorporated
  • Diebold Incorporated
  • Diversco Integrated Services, see ABM Industries
  • Doyon-Akal JV, see Akal Security
  • Dunbar Companies
  • Garda World Security Corporation
  • GEO Group Incorporated
  • G4S plc
  • Guardian Protection Services, see Armstrong Group
  • Guardsmark LLC
  • Hamilton Pacific, see Stanley Black & Decker
  • Heritage Security Services, see TransNational Security Group
  • HireRight, see Altegrity
  • Honeywell International Incorporated
  • HR/Plus, see AlliedBarton Security Services
  • Integration Logistics, see Protection One
  • Inter-Con Security Systems Incorporated
  • Johnson Controls Incorporated
  • Kroll Advisory Solutions, see Altegrity
  • Loomis AB
  • Management & Training Corporation
  • Mason & Hanger Group, see Day & Zimmermann Group
  • Monitronics International Incorporated
  • Niscayah Group, see Stanley Black & Decker
  • Paragon Systems, see Securitas
  • Philips Lifeline, see Royal Philips Electronics
  • Pinkerton Consulting & Investigations, see Securitas
  • Protection One Incorporated
  • Red Hawk Fire and Security US
  • Reed Elsevier Group plc
  • Regent Security Services, see TransNational Security Group
  • Royal Philips Electronics NV
  • Securitas AB
  • Security Consultants Group, see Securitas
  • Security Management, see Securitas
  • Security Professionals, see Securitas
  • Siemens AG
  • Silver Shield Security, see TransNational Security Group
  • SimplexGrinnell, see Tyco International
  • Slomin's Incorporated
  • Software House, see Tyco International
  • Sonitrol, see Stanley Black & Decker
  • Stanley Black & Decker Incorporated
  • TransCor America, see Corrections Corporation of America
  • TransNational Security Group LLC
  • Tyco International Limited
  • United Technologies Corporation
  • Universal Services of America, see TransNational Security Group
  • US Security Associates Incorporated
  • USIS, see Altegrity
  • Vector Security Incorporated
  • Visonic, see Tyco International
  • Vivint Incorporated
  • Wackenhut Services, see G4S
  • Whelan Security, see TransNational Security Group
  • Other Security Service Companies

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • 1 Population & Households
  • 2 Employment Outlook
  • 3 Macroeconomic Indicators
  • 4 Personal Consumption Expenditures
  • 5 Building Construction Expenditures
  • 6 Business Establishments
  • 7 Manufacturers' Shipments
  • 8 Retail Sales
  • 9 Service Income
  • 10 Public Safety Sector Employment, 2001-2010
  • 11 Violent Crime Levels, 2001-2010
  • 12 Property Crime Levels, 2001-2010
  • 13 Terrorism, 2001-2010
  • 14 Selected Other Nonconventional Crimes, 2001-2010
  • 15 Adult Inmate Population
  • 16 Fire Levels & Losses, 2001-2010

SECTION III -- SECURITY SERVICES

  • 1 Private Security Service Revenues
  • 2 Security Guard Revenues
  • 3 Alarm Monitoring Service Revenues
  • 4 Residential Intrusion & Fire Alarm Monitoring Market
  • 5 Nonresidential Alarm Monitoring Market
  • 6 Personal Emergency Response Service Monitoring Market
  • 7 Private Investigation Revenues
  • 8 Correctional Facility Management Revenues
  • 9 Selected Correctional Facility Management Contract Agreements
  • 10 Armored Transport Service Revenues
  • 11 Systems Integration & Management Service Revenues
  • 12 Security Consulting Revenues
  • 13 Pre-Employment Screening Service Revenues
  • 14 Other Security Service Revenues

SECTION IV -- MARKETS

  • 1 Private Security Service Revenues by Market
  • 2 Nonresidential Security Service Revenues by Market
  • 3 Commercial Security Service Revenues by Service & Sector
  • 4 Commercial Offices & Office Buildings Security Service Revenues
  • 5 Financial Institutions Security Service Revenues
  • 6 Retail Security Service Revenues
  • 7 Other Commercial Security Service Revenues
  • 8 Government Security Service Revenues
  • 9 Industrial Security Service Revenues by Service & Market
  • 10 Institutional Security Service Revenues by Service & Market
  • 11 Higher Education Campus Crime Levels, 2001-2010
  • 12 Other Nonresidential Security Service Revenues by Service & Market
  • 13 Residential Security Service Revenues

SECTION V -- REGIONAL MARKETS

  • 1 Population by Region
  • 2 Gross Domestic Product by Region
  • 3 Construction Expenditures by Region
  • 4 Crime Rates by Region, 2001-2010
  • 5 Reported Crimes & Crime Rates by Type of Area, 2001-2010
  • 6 Regional Fire Overview, 2010
  • 7 Private Security Service Market by Region
  • 8 Northeast Security Service Market Profile, 2011
  • 9 Northeast Security Service Revenues by Subregion
  • 10 Midwest Security Service Market Profile, 2011
  • 11 Midwest Security Service Revenues by Subregion
  • 12 South Security Service Market Profile, 2011
  • 13 South Security Service Market by Subregion
  • 14 West Security Service Market Profile, 2011
  • 15 West Security Service Market by Subregion
  • 16 Private Security Service Market Profile by Selected Major Metropolitan Areas, 2011
  • 17 Private Security Service Market by Selected Major Metropolitan Areas

SECTION VI -- INDUSTRY STRUCTURE

  • 1 Private Security Service Revenues by Company, 2011
  • 2 Selected Acquisitions & Divestitures
  • 3 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

  • 1 Safety Sector Employment, 2011
  • 2 US Crime Rates, 2001-2010
  • 3 World Security Service Market, 2011

SECTION III -- SECURITY SERVICES

  • 1 Security Service Revenues by Type of Service, 2011
  • 2 Security Guard Market Share, 2011
  • 3 Alarm Monitoring Revenues by Market, 2011
  • 4 Alarm Monitoring Market Share, 2011
  • 5 Correctional Facility Management Market Share, 2011
  • 6 Armored Transport Service Market Share, 2011

SECTION IV -- MARKETS

  • 1 Private Security Service Revenues by Market, 2001-2021
  • 2 Nonresidential Security Service Revenues by Market, 2011

SECTION V -- REGIONAL MARKETS

  • 1 Crime Rates by Region, 2001-2010
  • 2 Private Security Service Market by Region, 2011
  • 3 Percent of State & Federal Inmates Held Under Private Correctional Facility Management Contracts by Subregion, 2011

SECTION VI -- INDUSTRY STRUCTURE

  • 1 Private Security Service Market Share, 2011
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