Freedonia Group: Security Consulting Will Offer the Best Growth Opportunities for the Private Security Service Market Through 2023

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Dec 17, 2019, 09:37 ET

CLEVELAND, Dec. 17, 2019 /PRNewswire/ -- Revenues for security consulting services are expected to grow 6.3% annually to reach $3.6 billion in 2023. Driving this increasing demand for security consulting will be the rising complexity of security systems and the intensifying threat of advanced cyber attacks, which have resulted in an increasing focus on creating and maintaining a solid security plan. These trends and more are analyzed in Private Security Services published by The Freedonia Group.

For more information regarding the study visit:
https://www.freedoniagroup.com/industry-study/private-security-services-3764.htm

Security consulting revenues will also be supported by the increasing importance among corporate and other large-scale end users to supplement and verify their existing security measures. Security consultants are able to provide established industry expertise to these end users, and potentially generate cost savings by helping these users find the most efficient ways to deploy and leverage security technology.

Through 2023, security consulting will grow at a faster rate than the private security services market as a whole, as new security threats continue to shift the security landscape, placing a greater importance on services that can guide end users through the planning stages to the implementation of security measures.

Contact Corinne Gangloff for an interview with the analyst.

Additional Security studies can be viewed here:
https://www.freedoniagroup.com/industry-category/secu/security.htm

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

SOURCE The Freedonia Group