NCJ Number
140217
Journal
Security Management Volume: 36 Issue: 12 Dated: (December 1992) Pages: 27-30,32,34-36
Date Published
1992
Length
8 pages
Annotation
This analysis of security-industry trends for 1993 and beyond is based primarily on the latest updates of Hallcrest Systems' 1989-90 research on the status of private security as well as the authors' additional research and analysis from their own proprietary data base of security-industry market statistics and the mathematical models developed for the 1989-90 Hallcrest study.
Abstract
Information and data are presented on the growth of the security industry, the percentage market share of 1993 expenditure for various components of the security industry, operating costs, in-house security, reorganizations in proprietary security staff, employment, and security equipment sales. Overall, this study concludes that total private security employment will continue to increase over the decade; however, in 1993 proprietary security (security personnel directly hired by a business proprietor) will employ 22,000 fewer people than in 1990. Still, proprietary security employment constitutes one- third of all persons employed in the security industry. The private-security sector of the national economy continues to be one of the fastest growing sectors, as the industry ranks in the top 10 among service industries. Security-industry problems that persist are inadequate pre-employment screening and entry-level security training, a paucity of security standards, personnel turnover, questionable benefits from government regulation of security businesses, and false alarms. 5 exhibits