A Cleveland area market research firm, The Freedonia Group, recently released results from its study of the private security industry in the United States. The report concluded that it projects annual increase of 5.4% through 2016. The private security industry includes private security guard services, alarm monitoring and security consulting.
The study suggested that urbanization, the real and perceived risks of crime and terrorism, and perceptions that the police and other public agencies aren’t enough are driving the private security industry boom.
Please contact The Feedonia Group for more information.