Security Guard Services
Competitive Landscape
Demand is driven by the desire for companies and government entities to protect their property, employees, and merchandise. The profitability of individual companies depends on operational efficiency. 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 industry is labor-intensive.
Opportunities
Municipal Contracts - Some cities are contracting out certain public safety positions, such as administrative tasks or traffic control, to private security firms to save money. In other...
Business Challenges
High Turnover - Personnel turnover for the industry is high; for the professional and business services sectors overall, including security guard services, turnover is about 45 percent above...