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Security Services in Canada Industry Market Research Report Now Available from IBISWorld
  • USA - English


News provided by

IBISWorld

Jan 05, 2015, 12:30 ET

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New York, NY (PRWEB) January 05, 2015 -- The Security Services industry provides guard and patrol services, in-transit cash and valuables protection as well as investigative services. In the five years to 2014, industry revenue modestly increased, as guard, investigative and other industry services became increasingly popular among corporate and government services.

http://www.ibisworld.ca/industry/security-services.html

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During this period, an increase in the number of new businesses led to an expansion in the potential pool of clientele for security services, as the industry commonly provides security measures for business and public entities that have chosen to outsource guard and patrol functions rather than take on the burden of protecting their facilities themselves. In addition, rising Canadian corporate profit margins led to an increase in spending on security services, as well as an incentive for businesses to protect their expanding assets from potential theft or crime. According to IBISWorld Industry Analyst Stephen Morea, “Increased residential, nonresidential and public construction activity during the past five years further heightened industry demand, as industry operators are commonly needed to safeguard real estate and infrastructure development projects.” Moreover, industry revenue continued to receive a steady stream of demand from the public sector, as Security Services industry operators are contracted to provide passenger pre-boarding verification and screening for all of Canada's designated commercial airports. Combined, these factors are expected to contribute to a slight rise in industry revenue in 2014.

Market share concentration in the Security Services industry is low. However, IBISWorld estimates that the four largest players in this industry account for a substantial amount of market share in 2014. Nevertheless, the majority of companies in this industry are small, with many enterprises having fewer than five employees, while companies with more than 500 employees account for only a small percentage of total enterprises in 2014, according to Statistics Canada and IBISWorld estimates.

During the five years to 2019, the overall level of industry concentration is expected to slightly increase, as the industry's largest companies are expected to continue to engage in mergers and acquisitions. In addition, the increasing presence of integrated security, cash handling and other value-added services will pressure smaller security service operators, as these companies have limited resources and lack the capital to provide integrated and technologically augmented services.

In the five years to 2019, the Security Services industry is expected to face serious competition from security alarm service systems, which include the installation of verification and remote-monitoring security systems, as well as off-site response services. Similar to the past five years, a growing number of potential downstream customers will substitute manned security guard services for this high-tech alternative. However, industry operators will continue to respond to this competition by offering integrated security systems, which incorporates surveillance, communications and verification systems while stressing the importance of guard and patrol services. “Ultimately, the industry will benefit from expanding Canadian corporate profit levels, which will bolster security budgets,” says Morea. This will lead to a slight increase in industry revenue in the five years to 2019.

For more information, visit IBISWorld’s Security Services in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry provides investigation and detective services; guard and patrol services; and protected transport of valuables, including money, receipts and other items. The industry does not include companies that sell security systems, such as burglar or fire alarms.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Gavin Smith, IBISWorld, +1 (310) 866-5042, [email protected]

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