US Private Security Services Market Industry to 2016

US private security service industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by service type (e.g., guarding, alarm monitoring, private investigation, correctional facilities, armored transport, systems integration and management, security consulting, pre-employment screening), market (e.g., nonresidential, residential) and US region. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry players. 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.

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