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US Demand for Private Security Services to Reach $63.8 Billion in 2016

Date : 12/05/2012 @ 6:14AM
Source : PR Newswire (US)

US Demand for Private Security Services to Reach $63.8 Billion in 2016

US Demand for Private Security Services to Reach $63.8 Billion in 2016

FARMINGTON, Conn., Dec. 4, 2012 /PRNewswire-iReach/ -- Demand for private contracted security services in the U.S. is projected to increase 5.2% 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.

(Photo: http://photos.prnewswire.com/prnh/20121204/CG23906)

Global Information Inc (GII) is pleased to present the latest market research on the global security industry.

Private Security Services

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.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/fd128453-us-private-security.html

Global Home Security Solutions Market 2011-2015

The global market for home security solutions is forecast to grow at a 8.9% CAGR over the period 2011-2015. One of the key factors contributing to this market growth is the increasing security concerns across the globe. The Global Home Security Solutions market has also been witnessing the transformation from a technology-driven to a consumer-driven industry. However, the lack of awareness with respect to advancements in technology could pose a challenge to the growth of this market.

Key vendors dominating this market space include Bosch Security Systems Inc., Honeywell International Inc. and Tyco International Ltd. Other vendors mentioned in the report are Alarm.com Inc., GE Security Inc., AMX Corp., Control4 Corp., GE Security Inc., Home Automation Inc., Icontrol Networks Inc. and Siemens Building Technologies AG.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/infi253890-global-home-security-solutions-market.html

The Market for Home Control and Security Systems

Parks Associates' report finds that 14% of all U.S. broadband households are "highly interested" in receiving security services from their ISPs. Further, consumers with professional monitoring, 16% of all U.S. households, are also interested in the new bundling and service options that come with Internet-enabled systems. About 40% would switch from their current monitoring provider if that company does not offer new features such as email alerts, energy management, and lighting automation functions, revealing the importance of bundled services and new IP features in customer retention and subscriber growth.

Companies including AT&T Digital Life, Time Warner, and Comcast are entering the security market to lure first-time security-system users and prompt current customers to switch providers. Parks Associates research shows that communications providers' reputations, lower fees, new benefits, and bundling deals all contribute to a consumers desire to switch services. Meanwhile, providers such as AT&T and ADT Security, are investing for the long-term future of home management and health services that enhance consumers daily lives.

This report analyzes consumer demand for IP-enabled home systems, including security, home control, and energy management systems. It draws from multiple surveys to highlight trends and consumer preferences on feature sets and pricing.

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/park249399-market-home-control-security-systems.html

The Security Dealer Perspective

Dealers and installers play a key role in the market for home security systems and have an up-close view of market changes. Their views provide insight into the how the market is evolving and how quickly consumers will adopt the new interactive services offered by traditional players and new entrants like Comcast and AT&T.

This report presents Parks Associates' latest survey of security system installers and their views on market changes including the introduction of interactive services and the entry of broadband providers into the space. It also extensively profiles their sales, installations, and other business activities

An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/park254767-security-dealer-perspective.html

About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.

Media Contact: Jeremy Palaia, Global Information, Inc., 1-860-674-8796, Press@gii.co.jp

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SOURCE Global Information, Inc.

Copyright 2012 PR Newswire



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