Security Guard Services

Security Guard Services

Brief Excerpt from Industry Overview Chapter:

Companies in this industry provide guard and patrol services. Major companies include US-based Allied Universal and National Security Alliance, as well as GardaWorld (Canada), Prosegur (Spain), Secom (Japan), and Securitas (Sweden).

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 security guard and patrol services, which account for about 97% of industry revenue. Security services for special events account for less than 5%. Customers include education, finance, and government institutions, as well as retail establishments and commercial and industrial businesses.