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The market size of the security services industry in the United States increased steadily since 2012, and reached a value of roughly **** billion U.S. dollars in 2023. Despite the economic effects of COVID-19, the industry continued to grow and was worth *** million U.S. dollars more than it was in 2020.

Security services

Companies operating in the security services industry provide private security guards and patrol vehicles, as well as additional ancillary services such as alarm systems, background screening, investigation, risk analysis, and security consultancy services. In 2022, the leading three contract security services companies in the United States generated a combined revenue of almost ** billion U.S. dollars.

What about cybersecurity?

As internet usage has increased, cybercrime has become one of the fastest growing security threats worldwide. Data breaches, for instance, have become some sort of new normal in the digital realm. As a result, companies and individuals have looked to protect themselves and their devices. Spending in the cybersecurity industry grew rapidly in recent years, and reached approximately ** billion U.S. dollars in 2022.