 | The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject.(May 2017) |
A private security company is a business entity which provides armed or unarmed security services and expertise to clients in the private or public sectors.
Private security companies are defined by the U.S. Bureau of Labor Statistics as companies primarily engaged in providing guard and patrol services, such as bodyguard, guard dog, parking security and security guard services. [1] Many of them will even provide advanced special operations services if the client demands it. Examples of services provided by these companies include the prevention of unauthorized activity or entry, traffic regulation, access control, and fire and theft prevention and detection. These services can be broadly described as the protection of personnel and/or assets. Other security services such as roving patrol, bodyguard, and guard dog services are also included, but are a very small portion of the industry. [2] During the COVID-19 pandemic, some security companies engaged in vaccine supply chain services as well. [3]
The private security industry is rapidly growing – currently there are 2 million full-time security workers in the United States and this number is expected to increase by 21% percent through 2020, [4] making the security industry a $100 billion a year industry, with projected growth to $200 billion by 2010. [5] The United States is the world's largest consumer of private military and security services, and the private security industry in the U.S. began seeing a huge increase in demand in 2010. [6] Since then, the U.S. security industry has already grown to be a $350 billion market. [4]
Employees of private security companies are generally referred to either as "security guards" or "security officers", depending on the laws of the state or country they operate in. Security companies themselves are sometimes referred to as "security contractors", but this is not common due to confusion with private military contractors, who operate under a different auspice.[ which? ]
Pinkerton is a private security guard and detective agency established around 1850 in the United States by Scottish-born American cooper Allan Pinkerton and Chicago attorney Edward Rucker as the North-Western Police Agency, which later became Pinkerton & Co. and finally the Pinkerton National Detective Agency. At the height of its power from the 1870s to the 1890s, it was the largest private law enforcement organization in the world. It is currently a subsidiary of Swedish-based Securitas AB.
A bodyguard is a type of security guard, government law enforcement officer, or servicemember who protects an important person or group of people, such as high-ranking public officials, wealthy businesspeople, and celebrities, from harm. The personnel team that protects a VIP is often referred to as the VIP's security detail.
Securitas AB is Swedish group devoted to security services, such as security guarding, mobile patrolling, monitoring, investigation and related consulting services. The group is headquartered in Stockholm and had over 300,000 employees in 53 countries worldwide as of 2016. Securitas AB is listed at Nasdaq OMX Stockholm in the Large Cap segment.
Outsourcing is a business practice in which companies use external providers to carry out business processes that would otherwise be handled internally, Outsourcing sometimes involves transferring employees and assets from one firm to another.
Construction is a general term meaning the art and science of forming objects, systems, or organizations. It comes from the Latin word constructio and Old French construction. To 'construct' is a verb: the act of building, and the noun is construction: how something is built or the nature of its structure.
DynCorp International Inc., was an American private military contractor. Started as an aviation company, the company also provided flight operations support, training and mentoring, international development, intelligence training and support, contingency operations, security, and operations and maintenance of land vehicles. DynCorp received more than 96% of its more than $3 billion in annual revenue from the U.S. federal government. The corporate headquarters were in an unincorporated part of Fairfax County near Falls Church, Virginia, while the company's contracts were managed from its office at Alliance Airport in Fort Worth, Texas. DynCorp provided services for the U.S. military in several theaters, including Bolivia, Bosnia, Somalia, Angola, Haiti, Colombia, Kosovo and Kuwait. It also provided much of the security for Afghan president Hamid Karzai's presidential guard and trained much of the police forces of Iraq and Afghanistan. DynCorp was also hired to assist recovery in Louisiana and neighboring areas after Hurricane Katrina. The company held one contract on every round of competition since receiving the first Contract Field Teams contract in 1951.
A private military company (PMC) or private military and security company (PMSC) is a private company providing armed combat or security services for financial gain. PMCs refer to their personnel as "security contractors" or "private military contractors".
Freelance, freelancer, or freelance worker, are terms commonly used for a person who is self-employed and not necessarily committed to a particular employer long-term. Freelance workers are sometimes represented by a company or a temporary agency that resells freelance labor to clients; others work independently or use professional associations or websites to get work.
Academi, formerly known as Blackwater and Blackwater Worldwide, is an American private military contractor founded on December 26, 1997, by former Navy SEAL officer Erik Prince. It was renamed Xe Services in 2009, and was again renamed to Academi in 2011, after it was acquired by a group of private investors. In 2014, Academi merged with Triple Canopy to form Constellis Holdings.
Security police usually describes a law enforcement agency which focuses primarily on providing security and law enforcement services to particular areas or specific properties. They may be employed by governmental, public, or private institutions. Security police are generally considered distinct from security guards as security police personnel typically hold some level of law enforcement authority. The exact powers held by security police vary widely between jurisdictions. Examples of these types of agencies include the United States' DoD Police and FBI Police, the Indian Central Industrial Security Force, and the British Civil Nuclear Constabulary.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is a Fortune 500 American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
Securitas AG is a Swiss company providing security services with head office in Zollikofen, regional offices in Basel, Bern, Geneva, Lausanne, Lugano, Lucerne, Neuchâtel, Olten, St. Gallen, Thun and Zürich as well as 25 other branches all over Switzerland.
The pharmaceutical industry in India was valued at an estimated US$42 billion in 2021 and is estimated to reach $130 billion by 2030. India is the world's largest provider of generic medicines by volume, with a 20% share of total global pharmaceutical exports. It is also the largest vaccine supplier in the world by volume, accounting for more than 60% of all vaccines manufactured in the world. Indian pharmaceutical products are exported to various regulated markets including the US, UK, European Union and Canada.
A security detail, often known as a PSD or PPD, is a protective team assigned to protect the personal security of an individual or group. PSDs can be made up of multiple federal and state government organisations, military personnel, law enforcement agents and/or private security contractors or private military contractors.
A security guard is a person employed by a government or private party to protect the employing party's assets from a variety of hazards by enforcing preventative measures. Security guards do this by maintaining a high-visibility presence to deter illegal and inappropriate actions, looking for signs of crime or other hazards, taking action to minimize damage, and reporting any incidents to their clients and emergency services, as appropriate.
Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, bureaux de change, large retailers and other premises holding large amounts of cash, such as ticket vending machines and parking meters.
Third-party logistics is an organization's long term commitment of outsourcing its distribution services to third-party logistics businesses.
The defense industry of Israel is a strategically important sector and a large employer, as well as a major supplier of the Israel Defense Forces. The country is one of the world's major exporters of military equipment, accounting for 10% of the world total in 2007. Three Israeli companies were listed on the 2022 Stockholm International Peace Research Institute index of the world's top 100 arms-producing and military service companies: Elbit Systems, Israel Aerospace Industries and RAFAEL. It is also a major player in the global arms market with a 2.3% share of the global exports of major arms as of 2023. Total arms transfer agreements topped $12.9 billion between 2004 and 2011. There are over 150 active defense companies based in the country with combined revenues of more than $3.5 billion annually. Israeli defense equipment exports reached $7 billion in 2012, making it a 20 percent increase from the amount of defense-related exports in 2011. With the Russian invasion of Ukraine, arms exports reached $12.5 billion in 2022. Much of the exports are sold to the United States and Europe. Other major regions that purchase Israeli defense equipment include Southeast Asia and Latin America. India is also major country for Israeli arms exports and has remained Israel's largest arms market in the world.
Triple Canopy, Inc., is an American private security company and private military company (PMC) that provides armed security, mission support, and risk management services to corporate and government clients. The firm was founded in May 2003 by United States Army Special Forces veterans, including former Delta Force operators. In June 2014, the firm merged with rival security contracting firm Academi, formerly Blackwater, to form Constellis Group, with Craig Nixon, the former CEO of Academi, becoming the CEO of Constellis Group, and training facilities being consolidated at the existing Academi training facility in North Carolina. It was staffed by, among others, a number of former Army Special Operations personnel, Green Berets, Rangers, SEALs, MARSOC Raiders, other special operations personnel, and several law enforcement officers. At the time of the merger, over 5,000 employees were working for Triple Canopy.