RECENT GROWTH IN SECURITY
The private security industry is growing at a rapid pace, it has evolved from the old days of standing guard and night.
Private security companies not only protect companies, institutions, and people, but also information and intellectual property that might be stolen.
But with a growing reliance on digital technology comes an increasing threat of hackers. This has helped spur growth in IT-related positions in the security industry.
The need to protect individuals and property has always existed, but has become more relevant as the threat level in the country continues to climb.
Private security workers also perform a lot of work behind the scenes, for example when potential employees might need to go through background checks, handled by private investigators.
They may also council companies on proper security protocols for their digital infrastructure.
GROWTH SINCE 2010
The private security industry began seeing a huge increase in popularity in 2010. Since then, the industry has continued to grow exponentially with each passing year.
The U.S. security industry has already grown to be a 350 billion dollar market with 282 billion dollars being spent in the private sector alone and another 69 billion dollars being spent by the federal government.
More than 200 billion of the 282 being spent in the private sector is heading to non-IT sources. More than 80 billion is being spent on IT-related sources of security.
These numbers are estimated to increase continuously throughout the end of the decade.
Today, there are more than 2 million full time workers in the U.S. Security industry. A large portion of those are investigators and private detectives.
These workers are seeing the largest amount of growth. It is believed that the number of investigators and private detectives will increase by at least twenty one percent before the end of the decade.
WHY THE GROWTH?
An increasingly threatening environment is believed to be responsible for much of the growth. Threats from foreign and domestic sources are leading to more spending in the security industry.
This also resulted in serious advancements in technology in operational and IT private security sectors.
Another reason for so much growth in the private sector is the steady change of how criminal activity is investigated and pursued. More emphasis is being placed on developing preventative measures rather than the more traditional approach of pursuing existing criminals.
Because of this, we rely more on technology, which results in a growth in the IT-related security sector.
It is also partially responsible for the large growth regarding investigators and private detectives.
Security workers are being employed by companies more than ever before to help perform background checks and important investigations that may prevent criminal activity from occurring.
AN INCREASINGLY IMPORTANT ROLE IN SECURITY
Whether they are standing guard, running background checks, or protecting websites against hackers, there’s no denying the increasingly important role the private security industry is playing in society.
Private security will only become more important as time passes, which means that the sector will likely continue to grow for a long time.