Troubling world events over the past decade along with the effects of the economic recovery have led to an increase in service sales for several types of security businesses, industry experts say. Security businesses that provide guards for businesses and residences are growing at the same time as security businesses that provide technology to protect the same entities. And many security businesses now combine the two concepts.
Both buyers and sellers of security businesses can expect to benefit from those trends as market research predicts significant growth in the sector.
A 2016 report from The Freedonia Group on the state of the security business worldwide found that the U.S. is currently - and is expected to remain - the biggest consumer of security services. It accounts for 26% of overall global private contract security services spending. The nation's spending on security business services is estimated to rise 5% to $68 billion annually by 2019.
The sector's annual growth rate is expected to be 2.4% over the next 10 to 15 years, according to IBIS World's Security Services' market research. Spending on security business services has surged over the past five years due to the economic recovery and increased investment in commercial, residential and public construction projects.
Another trend providing a boost to security businesses is that fiscally strapped municipalities are increasingly turning to contract security services providers as an alternative to expanding their more expensive police forces, according to research from Robert H. Perry & Associates. They predict that contracted private security guard's services will increasingly replace traditional in-house guard services at government-run schools, hospitals, parking facilities and other municipal properties.
If you are considering the purchase or sale of a security business, Transworld is committed to ensuring the best deal for all parties involved. Transworld's business advisors will meet with each prospective security business buyer to determine your abilities and interests, educate you about the search and buying process, and connect you with security business sellers that match your criteria.
If interested in selling your security business, Transworld's experienced advisors will offer you full marketing support specialising in understanding potential market value and strict confidentiality, as they introduce you to suitable prospective buyers. There are specific valuation methodologies in the security industry. Transworld has the experience in the sector and can maximise your value by seeking strategic buyers that often pay more. Transworld will be involved at all stages until the security business changes hands and even beyond.
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