North America Private Security Market Size, Share & Trends Analysis Report by Service, End User (Commercial, Industrial, Government, and Residential), Country and Growth Forecast, 2024-2031

The North America Private Security Market is expected to witness market growth of 6.9% CAGR during the forecast period (2024-2031).

The US market dominated the North America Private Security Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $112.44 billion by 2031. The Canada market is experiencing a CAGR of 9.2% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 8.2% during 2024-2031.



The private security market has emerged as a critical component of contemporary society, reflecting growing concerns over safety, crime, and public order. As threats evolve, ranging from conventional crime to sophisticated cyber threats and geopolitical instability, the demand for security services has intensified across various sectors. Private security companies offer various services, including manned guarding, electronic surveillance, risk assessment, and consulting, catering to residential, commercial, and industrial clients.

Additionally, Private security firms are widely employed in commercial settings to safeguard businesses against theft, vandalism, and other criminal activities. This includes providing security personnel, installing surveillance systems, and implementing access control measures. Businesses across retail, banking, and manufacturing sectors rely on private security to protect assets, ensure employee safety, and maintain a secure customer environment.

The private security market in the USA is experiencing significant growth, driven by the rising incidence of identity theft. As per the Bureau of Justice Statistics, in 2021, approximately 23.9 million people, or 9% of U.S. residents aged 16 or older, were victims of identity theft over the previous 12 months. This alarming statistic highlights the pervasive nature of identity theft in the USA and the urgent need for enhanced security measures to protect personal information.

List of Key Companies Profiled

• Allied Universal
• Prosegur
• Brink's Incorporated (Brink's)
• Garda World Security Corporation (GardaWorld) (BC Partners)
• Securitas AB
• ADT, Inc.
• Secom Co. Ltd.
• Convergint Technologies LLC
• Loomis AB
• ISS A/S

Market Report Segmentation

By Service

• Manned Security
• Electronic Security
• Cash Handling Services
• Other Service

By End User

• Commercial
• Industrial
• Government
• Residential

By Country

• US
• Canada
• Mexico
• Rest of North America