Market size of security services in the U.S. 2011-2022

The market size of the security services industry in the United States increased steadily since 2011, reaching a value of over 50 billion U.S. dollars in 2022. Despite the economic effects of COVID-19, the industry continued to grow and is worth almost five billion U.S. dollars more as 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 2020, the leading three contract security services companies in the United States generated combined revenue of approximately 18 billion U.S. dollars.

What about cybersecurity?

As internet use increases, 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 look to protect themselves and their devices. Spending in the cybersecurity industry has grown steadily in recent years, reaching approximately 58 billion U.S. dollars in 2021.