NAICS 561612 - Security Guards and Patrol Services
This U.S. industry comprises establishments primarily engaged in providing guard and patrol services, such as bodyguard, guard dog, and parking security services.
Industry trends:
The security guards and patrol services industry, classified under NAICS 561612, is observing several qualitative trends that are shaping its current landscape and future trajectory. One prominent trend is the increasing integration of technology. Security companies are increasingly deploying advanced surveillance systems, artificial intelligence, and automation to enhance operational efficiency and effectiveness. For example, drones and robotics are being utilized for perimeter surveillance and monitoring, reducing the need for human patrols in high-risk areas.
There's also a growing emphasis on cyber-security measures. As businesses become more digitally interconnected, the demand for security firms that offer both physical and cyber security solutions is rising. Clients prefer comprehensive packages that protect against a wide array of threats, from physical intrusions to data breaches.
Furthermore, the industry is seeing heightened demand for specialized security services. This includes protection for high-net-worth individuals, crowd management at large events, and customized security solutions for sensitive industries like healthcare and education. As a result, many firms are focusing on niche markets and specialized training for their personnel.
Looking ahead, the near future is expected to see continued growth in the adoption of smart technologies and integrated security systems. The rising concern over public safety and the increasing complexity of security threats will likely drive the expansion of the sector. Regulatory changes and higher standards for security firms may also contribute to market growth, as clients seek providers with certified and compliant service offerings. Overall, the fusion of technology and specialized services is set to redefine the security guards and patrol services industry in the coming years.
This industry is comprised of:
Body guard services
Guard dog services
Guard services
Parking security services
Patrol services, security
Personal protection services (except security systems services)
Property protection services (except armored car, security systems)
Protection services (except armored car, security systems), personal or property
Protective guard services
Security guard services
Security patrol services
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.