Not secure: The declining crime rate will ultimately lead to a decrease in revenue

The Security Services industry in Canada provides guard and patrol services, in-transit cash and valuables protection and investigative services. Over the five years to 2018, 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. The industry commonly provides security measures for business and public entities that opt to outsource guard and patrol more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • The industry will continue to experience steady demand from the public sector
  • The industry experienced robust demand for hospital security services
  • Manned security services will offer the proven ability to act as a deterrent to crime
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in the Security Services industry in Canada are moderate, as there are an estimated 1,800 enterprises operating in this industry. This industry is highly labour intensive and has minimal capital requirements. Start-up costs, which are typically associated with hiring security guards and installing surveillance systems, are relatively low. However, some service segments require more capital, such as the purchase of armoured trucks for cash transport. Conversely, other services such as bodyguard protection require little capital investment on behalf of industry operators. Ove...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
  • Armoured vehicle services
  • Chart: Security Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Corporate clients
  • Government clients
  • Financial clients
  • Residential and other clients
  • Retail, leisure and consumer 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
  • Chart: Cost Structure Benchmarking – Sector vs Security Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Security Services Industry

  • Industry Globalization
    GardaWorld Corporation, Securitas AB,
  • Table: GardaWorld Corporation - financial performance
  • Table: Securitas AB - 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
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Corporate Profit (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A technology that involves the use of face, fingerprint or similar recognition of individuals to permit 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?

    The Security Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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