Security Services in the US

Transcription

WWW.IBISWORLD.COM
Security Services in the US August 2012
IBISWorld Industry Report 56161
Security Services in the US
August 2012
Andrew Krabeepetcharat
2
About this Industry
15 International Trade
29 Regulation & Policy
2
Industry Definition
16 Business Locations
29 Industry Assistance
2
Main Activities
2
Similar Industries
18 Competitive Landscape
30 Key Statistics
2
Additional Resources
18 Market Share Concentration
30 Industry Data
18 Key Success Factors
30 Annual Change
3
Industry at a Glance
18 Cost Structure Benchmarks
30 Key Ratios
4
Industry Performance
21 Barriers to Entry
4
Executive Summary
21 Industry Globalization
4
Key External Drivers
5
Current Performance
22 Major Companies
7
Industry Outlook
22 Securitas AB
9
Industry Life Cycle
23 G4S PLC
20 Basis of Competition
31 Jargon & Glossary
24 Allied Security LLC
11 Products & Markets
11 Supply Chain
27 Operating Conditions
11 Products & Services
27 Capital Intensity
13 Demand Determinants
28 Technology & Systems
13 Major Markets
28 Revenue Volatility
www.ibisworld.com | 1-800-330-3772 | info @ibisworld.com
1
WWW.IBISWORLD.COM
About this Industry
Industry Definition
Main Activities
The primary activities of this industry are
Armored car services
Bodyguard services
Polygraph services
Private detective services
Security guard services
The major products and services in this industry are
Armored vehicle services
Investigation services
On-site security guard services
Security personnel at special events
Other services
Similar Industries
56145 Credit Bureaus & Rating Agencies in the US
The Credit Bureaus and Rating Agencies industry provides credit checks.
56162 Security Alarm Services in the US
The Security Alarm Services industry sells, maintains, monitors and services security equipment, including
burglar and fire alarms.
Additional Resources
For additional information on this industry
www.sdmmag.com
Security Distributing and Marketing
www.securitymagazine.com
Security Magazine USA
www.census.gov
US Census Bureau
2
WWW.IBISWORLD.COM
3
Industry at a Glance
Security Services in 2012
Key Statistics
Snapshot
Revenue
Annual Growth 07-12
Annual Growth 12-17
Profit
Wages
Businesses
$28.2bn -0.2%
4.2%
$16.3bn 40,874
$2.3bn
Corporate profit
Revenue vs. employment growth
6
40
4
30
2
20
% change
% change
Market Share
0
−2
−4
−6
Year 04
10
0
−10
06
08
Revenue
10
12
14
16
18
−20
Year
06
08
10
12
14
16
18
Employment
SOURCE: WWW.IBISWORLD.COM
p. 22
Products and services segmentation (2012)
3%
Security personnel
9.9% at special events
Armored vehicle
services
Corporate profit
Crime rate
1.6%
Other services
Value of private nonresidential construction
Number of businesses
16.3%
Investigation
services
69.2%
On-site security
guard services
p. 4
SOURCE:
WWW.IBISWORLD.COM
SOURCE:
WWW.IBISWORLD.COM
Industry Structure
Life Cycle Stage
Revenue Volatility
Capital Intensity
Mature
Regulation Level
Light
Low
Technology Change
Low
Low
Barriers to Entry
Low
Industry Globalization
Low
Competition Level
High
Industry Assistance
None
Concentration Level
Low
FOR ADDITIONAL STATISTICS AND TIME SERIES SEE THE APPENDIX ON PAGE 30
WWW.IBISWORLD.COM
Executive Summary | Key External Drivers | Current Performance
Industry Outlook | Life Cycle Stage
Executive
Summary
Corporate profit
Crime rate
4
WWW.IBISWORLD.COM
continued
Value of private nonresidential construction
Number of businesses
Crime rate
Corporate profit
4200
Crimes per 100,000 people
40
% change
30
20
10
0
−10
−20
Year
06
08
10
12
14
16
18
4000
3800
3600
3400
3200
3000
Year 03
05
07
09
11
13
15
17
Current
Performance
5
WWW.IBISWORLD.COM
Continuing demand
Industry revenue
6
% change
4
2
0
−2
−4
−6
Year 04
06
08
10
12
14
16
18
Hard times bring
consolidation
6
WWW.IBISWORLD.COM
Hard times bring
consolidation
continued
Competition causes
alarm
Industry
Outlook
More businesses,
more demand
7
WWW.IBISWORLD.COM
More businesses,
more demand
continued
Competition growing
8
WWW.IBISWORLD.COM
9
% Growth of profit/GDP
Life Cycle Stage
Maturity
30
Quality Growth
Company
consolidation;
level of economic
importance stable
25
High growth in economic
importance; weaker companies
close down; developed
technology and markets
Key Features of a Mature Industry
Revenue grows at same pace as economy
Company numbers stabilize; M&A stage
Established technology & processes
Total market acceptance of product & brand
Rationalization of low margin products & brands
20
15
Quantity Growth
Many new companies;
minor growth in economic
importance; substantial
technology change
10
5
Credit Bureaus & Rating Agencies
Security
Services
0
Shake-out
Decline
Crash or Grow?
–10
–10
–5
Security Alarm Services
Shake-out
–5
Non-Hotel Casinos
Electronic & Computer Repair Services
0
Potential Hidden Gems
Time Wasters
Future Industries
5
10
Hobby Industries
15
20
25
30
% Growth of establishments
WWW.IBISWORLD.COM
Industry Life Cycle
This industry
is Mature
10
WWW.IBISWORLD.COM
11
Products & Markets
Supply Chain | Products & Services | Demand Determinants
Major Markets | International Trade | Business Locations
Supply Chain
KEY BUYING INDUSTRIES
23
Construction in the US
Security service companies provide construction firms with guards for residential and
non-residential construction sites and materials.
31-33
Manufacturing in the US
Manufacturing companies require security services to limit access, guard inventory and provide
monitoring services.
44-45
Retail Trade in the US
Retail stores use security services for inventory control, cash transfers and in-store video
monitoring services.
48-49
Transportation and Warehousing in the US
Public transportation companies require security services for passenger safety.
52
Finance and Insurance in the US
Security service companies provide banks with security associated with cash transfers, ATMs
and general patrol.
71321
Non-Hotel Casinos in the US
Casinos use security service firms for cash transfers, particularly from slot machines, and
general and monitored security.
72112
Casino Hotels in the US
Casinos use security service firms for cash transfers, particularly from slot machines, and
general and monitored security.
92
Public Administration in the US
Schools, universities, health and hospital facilities and courts and prisons in the public sector
demand security services from the industry.
KEY SELLING INDUSTRIES
Products & Services
33431
Audio & Video Equipment Manufacturing in the US
The Audio and Video Equipment Manufacturing industry provides firms with security
equipment.
56162
Security Alarm Services in the US
The Security Alarm Services industry supplies security systems to operators.
81121
Electronic & Computer Repair Services in the US
The Electronic and Computer Repair Services industry provides security service firms with
repair and maintenance services of electronic security equipment.
Security guard services
WWW.IBISWORLD.COM
12
Products & Markets
Products & Services
continued
Products and services segmentation (2012)
3%
Security personnel
at special events
Armored vehicle
services
9.9%
1.6%
Other services
16.3%
Investigation
services
69.2%
On-site security
guard services
Total $28.2bn
Investigation services
Armored vehicles
WWW.IBISWORLD.COM
Products & Markets
Products & Services
continued
Other
Demand
Determinants
Major Markets
13
WWW.IBISWORLD.COM
14
Products & Markets
Major Markets
continued
Major market segmentation (2012)
9%
5%
Residential clients
Other clients
26%
Major corporations
16%
Government clients
21%
Financial institutions
Total $28.2bn
23%
Retail clients
WWW.IBISWORLD.COM
Products & Markets
International Trade
15
WWW.IBISWORLD.COM
16
Products & Markets
Business Locations 2012
West
New
England
AK
0.5
Great
Lakes
WA
ND
MT
1.5
Rocky
Mountains
ID
OR
0.6
West NV
1.7
1.2
SD
0.2
WY
0.2
MN
0.1
0.2
Plains
CO
0.5
1.4
0.4
2.8
KY
9
16.2
OK
1.2
AZ
NM
1.7
0.7
Southwest
TX
6.5
HI
0.9
Additional States (as marked on map)
1 VT
2 NH
3 MA
4 RI
5 CT
6 NJ
7 DE
8 MD
0.1
1.1
0.2
3.3
1.8
0.3
NC
2.2
SC
Southeast
MS
AL
1.0
1.4
GA
2.9
0.5
LA
1.5
FL
6.4
Revenue (%)
0.3
3.1
0.4
8
0.4
TN
AR
7
WV VA
6.4
2.9
CA
West
OH
0.6
MO
KS
2.2
1.2
4.2
6
3.2
IN
IL
0.3
UT
PA
2.0
0.3
0.2
1 2
3
NY
9.4
5 4
MI
0.7
IA
NE
0.1
WI
ME
MidAtlantic
9 DC
0.9
Less than 3%
3% to less than 10%
10% to less than 20%
20% or more
WWW.IBISWORLD.COM
17
Products & Markets
Business Locations
Revenue vs. population
Revenue vs. establishments
20
20
Revenue
Revenue
Population
Establishments
Southwest
Southeast
Rocky Mountains
Plains
New England
Mid-Atlantic
West
Southwest
Southeast
Rocky Mountains
Plains
New England
0
Mid-Atlantic
0
Great Lakes
10
West
10
Great Lakes
%
30
%
30
WWW.IBISWORLD.COM
18
Competitive Landscape
Market Share Concentration | Key Success Factors | Cost Structure Benchmarks
Basis of Competition | Barriers to Entry | Industry Globalization
Market Share
Concentration
Enterprises by employment size (2012)
No. of employees
Share (%)
0 to 4
5 to 9
10 to 19
20 to 99
100 to 499
500+
Level
Concentration in
this industry is Low
51.8
12.5
11.5
16.6
5.5
2.1
SOURCE: US CENSUS BUREAU AND IBISWORLD
Key Success Factors
IBISWorld identifies
250 Key Success
Factors for a
business. The most
important for this
industry are:
Ability to compete on tender
Fast adjustments made to
changing regulations
Having a good reputation
Close monitoring of competition
Cost Structure
Benchmarks
Access to multiskilled and
flexible workforce
Use of most efficient work practices
WWW.IBISWORLD.COM
19
Profit
Wages
Sector vs. Industry Costs
Average Costs of
all Industries in
sector (2012)
Industry Costs
(2012)
6.9
8.1
100
80
Percentage of revenue
Cost Structure
Benchmarks
continued
52.8
57.9
60
40
20
13.2
2.9
4.7
17.1
2.4
Profit
Wages
Purchases
Depreciation
Marketing
Rent & Utilities
Other
3.6
0.6 3.0 4.0
22.8
0
WWW.IBISWORLD.COM
Cost Structure
Benchmarks
continued
Other
Basis of Competition
Level & Trend
Competition in
this industry is
High and the trend
is Increasing
Internal competition
External competition
20
WWW.IBISWORLD.COM
21
Barriers to Entry
Level & Trend
Barriers to Entry
in this industry are
Low and Increasing
Barriers to Entry checklist
Competition
Concentration
Life Cycle Stage
Capital Intensity
Technology Change
Regulation & Policy
Industry Assistance
Level
High
Low
Mature
Low
Low
Light
None
Industry
Globalization
Level & Trend
Globalization in this
industry is Low and
the trend is Steady
WWW.IBISWORLD.COM
22
Major Companies
Securitas AB | G4S PLC | Allied Security LLC | Other Companies
Major players
G4S PLC 9.7%
(Market share)
71.9%
Other
Allied Security LLC 5.8%
Securitas AB 12.6%
Player Performance
Securitas AB
Market share: 12.6%
Industry Brand Names
Securitas Security Services
USA
Securitas AB (Security Services North America segment) –
financial performance
Year
Revenue
($ million)
(% change)
Operating Income
($ million)
(% change)
2007
3,119.7
N/C
166.2
N/C
2008
3,216.7
3.1
182.2
9.6
2009
3,098.2
-3.7
181.8
-0.2
2010
3,318.7
7.1
201.5
10.8
2011
3,460.7
4.3
196.6
-2.4
2012*
3,560.0
2.9
205.0
4.3
*Estimate
SOURCE: ANNUAL REPORT AND IBISWORLD
WWW.IBISWORLD.COM
23
Major Companies
Player Performance
continued
Player Performance
G4S PLC
Market share: 9.7%
G4S PLC (North America segment) – financial performance
Year
Revenue
($ million)
(% change)
Operating Income
($ million)
(% change)
2007
2,245.6
N/C
80.4
N/C
2008
2,429.0
8.2
67.4
-16.2
2009
2,496.2
2.8
78.1
15.9
2010
2,590.8
3.8
87.6
12.2
2011
2,649.6
2.3
142.7
62.9
2012*
2,726.5
2.9
146.9
2.9
*Estimate
WWW.IBISWORLD.COM
24
Major Companies
Player Performance
continued
Player Performance
Allied Security LLC
Market share: 5.8%
Industry Brand Names
AlliedBarton Security
Services
AlliedBarton Security Services (US segment) – financial performance
Year
Revenue
($ million)
(% change)
Operating Income
($ million)
(% change)
2007
1,484.7
17.7
47.6
63.0
2008
1,607.3
8.3
59.6
25.2
2009*
1,526.9
-5.0
45.8
-23.2
2010*
1,543.7
1.1
39.0
-14.8
2011*
1,575.0
2.0
49.0
25.6
2012*
1,635.0
3.8
52.0
6.1
*Estimate
WWW.IBISWORLD.COM
Major Companies
Player Performance
continued
Other Companies
The Brink’s Company
Estimated market share: 2.7%
Loomis AB
Estimated market share: 2.3%
25
WWW.IBISWORLD.COM
Major Companies
Other Companies
continued
26
WWW.IBISWORLD.COM
27
Operating Conditions
Capital Intensity | Technology & Systems | Revenue Volatility
Regulation & Policy | Industry Assistance
Capital Intensity
Capital intensity
Capital units per labor unit
Level
0.5
The level of capital
intensity is Low
0.4
0.3
0.2
0.1
0.0
Economy Administration, Business Security
Support & Waste
Services
Management Services
Dotted line shows a high level of capital intensity
Tools of the Trade: Growth Strategies for Success
Investment Economy
Recreation, Personal Services,
Health and Education. Firms
benefit from personal wealth so
stable macroeconomic conditions
are imperative. Brand awareness
and niche labor skills are key to
product differentiation.
Information, Communications,
Mining, Finance and Real
Estate. To increase revenue
firms need superior debt
management, a stable
macroeconomic environment
and a sound investment plan.
Electronic &
Computer
Repair
Services Security Services
Traditional Service Economy
Wholesale and Retail. Reliant
on labor rather than capital to
sell goods. Functions cannot
be outsourced therefore firms
must use new technology
or improve staff training to
increase revenue growth.
Credit Bureaus & Rating Agencies
Non-Hotel Casinos
Security
Alarm Services
Audio & Video Equipment
Manufacturing
Change in Share of the Economy
Capital Intensive
Labor Intensive
New Age Economy
Old Economy
Agriculture and Manufacturing.
Traded goods can be produced
using cheap labor abroad.
To expand firms must merge
or acquire others to exploit
economies of scale, or specialize
in niche, high-value products.
WWW.IBISWORLD.COM
28
Capital Intensity
continued
Technology
& Systems
Level
The level of
Technology
Change is Low
Revenue Volatility
Level
The level of
Volatility is Low
When a firm makes poor
investment decisions it
may face underutilized
capacity if demand
suddenly falls, or capacity
constraints if it rises
quickly.
Volatility vs Growth
1000
Revenue volatility* (%)
A higher level of revenue
volatility implies greater
industry risk. Volatility can
negatively affect long-term
strategic decisions, such as
the time frame for capital
investment.
Hazardous
Rollercoaster
100
10
Security Services
1
0.1
Stagnant
–30
–10
Blue Chip
10
30
50
70
Five year annualized revenue growth (%)
* Axis is in logarithmic scale
WWW.IBISWORLD.COM
Revenue Volatility
continued
Regulation & Policy
Level & Trend
The level of
Regulation is Light
and the trend
is Increasing
Industry Assistance
Level & Trend
The level of
Industry Assistance
is None and the
trend is Steady
29
WWW.IBISWORLD.COM
30
Key Statistics
Industry Data
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Sector Rank
Economy Rank
Industry
Revenue Value Added Establish($m)
($m)
ments
25,317.6
18,426.5
54,500
25,839.6
18,752.0
55,154
26,533.9
19,557.6
55,816
27,616.4
20,021.1
56,374
28,517.6
20,464.1
56,938
27,771.0
19,759.0
57,379
26,407.7
18,675.5
55,601
26,852.5
18,823.6
55,329
27,394.3
19,296.5
55,250
28,189.0
19,732.3
54,853
29,649.2
20,585.4
55,829
30,988.7
21,341.9
57,144
32,318.6
22,080.1
57,898
33,216.8
22,896.3
60,089
34,628.0
23,799.8
62,549
8/26
6/26
6/26
275/706
129/706
108/705
Enterprises Employment
40,573
666,497
40,978
692,761
41,388
706,819
41,760
716,075
42,178
721,876
42,629
725,119
41,459
701,074
41,352
700,920
41,201
699,585
40,874
703,034
41,509
709,387
42,424
728,836
42,919
738,638
44,544
771,052
46,402
798,570
6/26
6/26
121/705
54/706
Exports
---------------N/A
N/A
Imports
---------------N/A
N/A
Wages
($m)
15,034.0
15,289.5
16,002.1
16,375.7
16,756.8
16,343.3
15,506.6
15,735.6
16,036.6
16,321.4
16,997.9
17,592.3
18,137.2
18,810.7
19,540.6
6/26
89/706
Enterprises Employment
(%)
(%)
1.0
3.9
1.0
2.0
0.9
1.3
1.0
0.8
1.1
0.4
-2.7
-3.3
-0.3
0.0
-0.4
-0.2
-0.8
0.5
1.6
0.9
2.2
2.7
1.2
1.3
3.8
4.4
4.2
3.6
24/26
23/26
511/705
491/706
Exports
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Imports
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Wages
(%)
1.7
4.7
2.3
2.3
-2.5
-5.1
1.5
1.9
1.8
4.1
3.5
3.1
3.7
3.9
17/26
356/706
Annual Change
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Sector Rank
Economy Rank
Industry
EstablishRevenue Value Added
ments
(%)
(%)
(%)
2.1
1.8
1.2
2.7
4.3
1.2
4.1
2.4
1.0
3.3
2.2
1.0
-2.6
-3.4
0.8
-4.9
-5.5
-3.1
1.7
0.8
-0.5
2.0
2.5
-0.1
2.9
2.3
-0.7
5.2
4.3
1.8
4.5
3.7
2.4
4.3
3.5
1.3
2.8
3.7
3.8
4.2
3.9
4.1
19/26
20/26
24/26
299/706
402/706
528/705
Key Ratios
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Sector Rank
Economy Rank
IVA/Revenue
(%)
72.78
72.57
73.71
72.50
71.76
71.15
70.72
70.10
70.44
70.00
69.43
68.87
68.32
68.93
68.73
5/26
24/706
Imports/
Demand
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Exports/Revenue
(%)
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Figures are inflation-adjusted 2012 dollars. Rank refers to 2012 data.
Revenue per
Employee
($’000)
37.99
37.30
37.54
38.57
39.50
38.30
37.67
38.31
39.16
40.10
41.80
42.52
43.75
43.08
43.36
24/26
684/706
Wages/Revenue
(%)
59.38
59.17
60.31
59.30
58.76
58.85
58.72
58.60
58.54
57.90
57.33
56.77
56.12
56.63
56.43
5/26
15/706
Employees
per Est.
12.23
12.56
12.66
12.70
12.68
12.64
12.61
12.67
12.66
12.82
12.71
12.75
12.76
12.83
12.77
11/26
367/705
Domestic
Demand
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Number of Businesses
With Employees
(Million)
7.3
7.4
7.5
7.6
7.7
7.6
7.5
7.6
7.6
7.7
7.9
8.0
8.1
8.2
8.3
N/A
N/A
Domestic Number of Businesses
Demand
With Employees
(%)
(%)
N/A
1.4
N/A
1.4
N/A
1.3
N/A
1.3
N/A
-1.3
N/A
-1.3
N/A
1.3
N/A
0.0
N/A
1.3
N/A
2.6
N/A
1.3
N/A
1.3
N/A
1.2
N/A
1.2
N/A
N/A
N/A
N/A
Average Wage
($)
22,556.74
22,070.38
22,639.60
22,868.69
23,212.85
22,538.78
22,118.35
22,449.92
22,923.02
23,215.66
23,961.39
24,137.53
24,554.92
24,396.15
24,469.49
23/26
597/706
Share of the
Economy
(%)
0.16
0.15
0.15
0.15
0.15
0.15
0.15
0.14
0.14
0.15
0.15
0.15
0.15
0.15
N/A
6/26
129/706
WWW.IBISWORLD.COM
31
Jargon & Glossary
Industry Jargon
BIOMETRICS A technology that involves the use of
face, fingerprint or similar recognition of individuals to
allow secure access.
CLOSED-CIRCUIT TELEVISION (CCTV) A technology
that uses video surveillance equipment to transmit
images to a specific set of monitors.
MONITORED SECURITY SYSTEM A security system
that involves the use of video, such as CCTV systems.
IBISWorld Glossary
BARRIERS TO ENTRY Barriers to entry can be High,
Medium or Low. High means new companies struggle to
enter an industry, while Low means it is easy for a firm
to enter an industry.
CAPITAL/LABOR INTENSITY An indicator of how much
capital is used in production as opposed to labor. Level is
stated as High, Medium or Low. High is a ratio of less
than $3 of wage costs for every $1 of depreciation;
Medium is $3 – $8 of wage costs to $1 of depreciation;
Low is greater than $8 of wage costs for every $1 of
depreciation.
CONSTANT PRICES The dollar figures in the Key
Statistics table, including forecasts, are adjusted for
inflation using 2012 as the base year. This removes the
impact of changes in the purchasing power of the dollar,
leaving only the ‘real’ growth or decline in industry
metrics. The inflation adjustments in IBISWorld’s
reports are made using the US Bureau of Economic
Analysis’ implicit GDP price deflator.
DOMESTIC DEMAND The use of goods and services
within the US; the sum of imports and domestic
production minus exports.
EARNINGS BEFORE INTEREST AND TAX (EBIT)
IBISWorld uses EBIT as an indicator of a company’s
profitability. It is calculated as revenue minus expenses,
excluding tax and interest.
EMPLOYMENT The number of working proprietors,
partners, permanent, part-time, temporary and casual
employees, and managerial and executive employees.
ENTERPRISE A division that is separately managed and
keeps management accounts. The most relevant
measure of the number of firms in an industry.
ESTABLISHMENT The smallest type of accounting unit
within an Enterprise; usually consists of one or more
locations in a state or territory of the country in which it
operates.
EXPORTS The total sales and transfers of goods
produced by an industry that are exported.
IMPORTS The value of goods and services imported
with the amount payable to non-residents.
INDUSTRY CONCENTRATION IBISWorld bases
concentration on the top four firms. Concentration is
identified as High, Medium or Low. High means the top
four players account for over 70% of revenue; Medium
is 40 –70% of revenue; Low is less than 40%.
INDUSTRY REVENUE The total sales revenue of the
industry, including sales (exclusive of excise and sales
tax) of goods and services; plus transfers to other firms
of the same business; plus subsidies on production; plus
all other operating income from outside the firm (such
as commission income, repair and service income, and
rent, leasing and hiring income); plus capital work done
by rental or lease. Receipts from interest royalties,
dividends and the sale of fixed tangible assets are
excluded.
INDUSTRY VALUE ADDED The market value of goods
and services produced by an industry minus the cost of
goods and services used in the production process,
which leaves the gross product of the industry (also
called its Value Added).
INTERNATIONAL TRADE The level is determined by:
Exports/Revenue: Low is 0 –5%; Medium is 5 –20%;
High is over 20%. Imports/Domestic Demand: Low is
0 –5%; Medium is 5 –35%; and High is over 35%.
LIFE CYCLE All industries go through periods of Growth,
Maturity and Decline. An average life cycle lasts 70
years. Maturity is the longest stage at 40 years with
Growth and Decline at 15 years each.
NON-EMPLOYING ESTABLISHMENT Businesses with
no paid employment and payroll are known as
non-employing establishments. These are mostly set-up
by self employed individuals.
VOLATILITY The level of volatility is determined by the
percentage change in revenue over the past five years.
Volatility levels: Very High is greater than ±20%; High
Volatility is between ±10% and ±20%; Moderate
Volatility is between ±3% and ±10%; and Low Volatility
is less than ±3%.
WAGES The gross total wages and salaries of all
employees of the establishment.
www.ibisworld.com | 1800-330-3772 | info @ibisworld.com
Identify high growth, emerging & shrinking markets
Arm yourself with the latest industry intelligence
Assess competitive threats from existing & new entrants
Benchmark your performance against the competition
Make speedy market-ready, profit-maximizing decisions
Who is IBISWorld?
We are strategists, analysts, researchers, and marketers. We provide
answers to information-hungry, time-poor businesses. Our goal is to
provide real world answers that matter to your business in our 700 US
industry reports. When tough strategic, budget, sales and marketing
decisions need to be made, our suite of Industry and Risk intelligence
products give you deeply-researched answers quickly.
IBISWorld Membership
IBISWorld offers tailored membership packages to meet your needs.
Disclaimer
This product has been supplied by IBISWorld Inc. (‘IBISWorld’) solely for use
by its authorized licenses strictly in accordance with their license agreements
with IBISWorld. IBISWorld makes no representation to any other person
with regard to the completeness or accuracy of the data or information
contained herein, and it accepts no responsibility and disclaims all liability
(save for liability which cannot be lawfully disclaimed) for loss or damage
whatsoever suffered or incurred by any other person resulting from the use
of, or reliance upon, the data or information contained herein. Copyright in
this publication is owned by IBISWorld Inc. The publication is sold on the
basis that the purchaser agrees not to copy the material contained within it
for other than the purchasers own purposes. In the event that the purchaser
uses or quotes from the material in this publication – in papers, reports, or
opinions prepared for any other person – it is agreed that it will be sourced
to: IBISWorld Inc.
Copyright 2012 IBISWorld Inc

Security Services in the US

Transcription

Similar documents

PDF of Top 10 Fastest Growing Canadian Industries

Breweries in Canada

A Snapshot of Australia`s Digital Future to 2050

more military more «boyfriend» jeans more

newismWhy more than ever, consumers lust after

sneak peek

ScanGate document

Ciencia, tecnología y valores: Axiología de la tecnociencia

Color InspIratIon GUIDE

Realistic, real world, best practice in legal IT