2019 Champions Edition 2019 Champions Edition | Page 36

www.AmericanSecurityToday.com 2019 CHAMPIONS EDITION - 39 Creating a leaner and more focused security management force is the key driver behind a move to remote. Avoid Major Roadblocks to Growth, Profit- ability in the Security Guarding Industry By Manuel Mestré, Vice President, Cus- Perry also estimates total revenue tomer Success, at Trackforce Valiant growth for the U.S. market at 6% and “organic” growth at 5.6%. The U.S. Bureau of Labor Statistics (May 2018) estimates the industry employs 1,114,380 million Amer- icans full-time. According to the 2019 U.S. contract security industry white paper from Robert Perry Associates, there are 8,000 contract security companies operating nationwide, generating $27 billion annually of which the Naturally, industry competition re- manned guarding portion contrib- mains fierce and with that, senior utes between $24 and $25 billion. management from those 8,000 32