Safe and sound: The industry will slowly expand as the number of businesses grows

The Security Services industry in Canada provides guard and patrol services, in-transit cash and valuables protection as well as investigative services. Over the five years to 2017, industry revenue modestly increased as guard, investigative and other industry services became increasingly popular among corporate and government services. During this period, an increase in the number of new businesses led to an expansion in the potential pool of clientele for security services. Over the next five years, the industry will continue to experience steady demand from the public sector, as industry operators are contracted to provide passenger screening for all of Canada's designated commercial airports...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
0.7%
Forecast Growth 17-22
Profit
Employment
97,733
Businesses
1,863

Industry Threats & Opportunities

  • The industry will benefit from expanding Canadian corporate profit levels, which will bolster security budgets
  • The federal government provides industry operators with stable streams of revenue
  • The industry will continue to benefit from a projected increase in Canadian corporate profit levels
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration in the Security Services industry in Canada is moderate. IBISWorld estimates that the four largest industry players will account for less than 50.0% of total market share in 2017. The majority of industry operators are small, with an estimated 29.0% of companies having fewer than five employees, while companies with more than 500 employees account for only 2.0% of total operators in 2017, according to Statistics Canada and IBISWorld estimates.Over the five years to 2022, 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 ...purchase to read more.

    Additional Insights for the Security Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Security Services Industry are

  • Ability to compete on tender
  • Fast adjustments made to changing regulations
  • Use of most efficient work practices
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Number of businesses in the Security Services industry impact industry performance..

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    What's in this report

    What is the Security Services Industry?

    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 Products
  • On-site security guard services
  • Investigation services
  • Armoured vehicle services
  • Industry Activities
  • Security guard and patrol services
  • Armoured car services
  • Private investigative services
  • Security guard and crowd control services for temporary events
  • Corporate investigative services
  • Polygraph services
  • Bodyguard services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Number of businesses
  • Crime rate
  • Value of nonresidential construction
  • Demand from oil and gas extraction

  • Current Performance
  • Demand from vital markets vacillates
  • Stable downstream markets
  • Industry structure and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Persisting trends
  • Technology and competition
  • Table: Security Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Security Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining In Canada
  • Construction In Canada
  • Manufacturing In Canada
  • Retail Trade In Canada
  • Transportation and Warehousing In Canada
  • Finance and Insurance In Canada
  • Arts, Entertainment and Recreation In Canada
  • Public Administration in Canada

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing in Canada
  • Communications Equipment Manufacturing in Canada
  • Electronic & Computer Repair Services in Canada
  • Security Alarm Services in Canada

  • Products & Services
  • On-site security guard services
  • Investigation services
  • Other
  • Armoured vehicle services
  • Chart: Security Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Corporate clients
  • Government clients
  • Retail, leisure and consumer clients
  • Financial clients
  • Residential and other clients
  • Chart: Major Market Segmentation for the Security Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Security Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Security Services Industry

  • Industry Globalization
    GardaWorld Security Corp., Securitas AB, Brink's Canada Ltd.,
  • Table: GardaWorld Security Corp. - financial performance
  • Table: Securitas AB - financial performance
  • Table: Brink's Canada Ltd. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Security Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Security Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Corporate Profit (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biometrics
  • A technology that involves the use of face, fingerprint or similar recognition of individuals to allow secure access.
  • Closed-Circuit Tv (Cctv)
  • A technology that uses video surveillance equipment to transmit images to a specific set of monitors.
  • Integrated Security Services
  • Security services that combine remote monitoring systems and other technological solutions as well as patrolled guard services.
  • Monitored Security System
  • A security system that involves the use of video, such as CCTV systems.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Security Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Security Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Security Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Security Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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