Abstract
US demand to approach $66 billion in 2012
US demand for private contracted security services is forecast to advance 4.7
percent per year to $65.9 billion in 2012. Growth will be spurred by a high
perceived risk of crime (from conventional violent and property crimes to
white collar crimes and terrorism) and a belief that public safety officials
are overburdened. Gains will also be fueled by an ongoing trend in the
privatization of some public safety operations such as guarding government
facilities and managing correctional facilities. Continuing changes in
regulations regarding background searches and training requirements, and
changes in security technology make the use of a contracted security services
company more effective and less expensive than developing or maintaining an
in-house security department.
Security consulting to post strongest revenue growth
Security services that capitalize on the continuing technology developments
and interest in creative problem solving hold particularly good prospects. For
instance, security consulting revenue is expected to achieve the best growth
through 2012. Pre-employment screening, systems integration and guarding
services are also expected to register above average gains through 2012. The
trend toward more sophisticated and automated security electronics, including
access controls and surveillance equipment, that are increasingly integrated
with other building operations, will boost growth for security consultants and
systems integrators. Demand for guarding service providers will advance as
they continue to promote more value-added services and features.
Study coverage
It presents historical demand data (1997, 2002, 2007) as well as forecasts for
2012 and 2017 by type of service, market, and geographic region of the US. The
study also considers market environment factors, evaluates market shares and
profiles 39 US industry competitors.
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