Security Industry Economic Impact Report
The security industry represents a wide range of companies providing innovative solutions to protecting both people and assets. Its significant economic footprint extends throughout the American economy.
The 2024 Economic Impact of the Security Industry Report, conducted by John Dunham & Associates, measures the combined impact of the security industry across four categories of activity: manufacturing, business to business activity, services and security personnel. The security industry contributes $431.38 billion in total to the U.S. economy, or 1.51% of gross domestic product, while supporting 2.1 million jobs. Through its production and business to business sales linkages, it impacts firms across 523 of the total 545 sectors within the U.S. economy.
Security industry firms directly employ nearly 723,000 Americans in production, sales, manufacturing, services and business to business sales, with a direct economic impact of $130.4 billion. Other firms are related to the security industry as suppliers. These firms produce and sell a broad range of items including parts, equipment, packaging materials, machinery and other items. In addition, supplier firms provide a broad range of services, including personnel services, financial services, advertising services, consulting services and transportation services. The security industry supports over 656,000 supplier jobs, generating $147.8 billion in economic activity. Spending by employees of the industry and those of supplier firms whose jobs are directly dependent on security sales and production in turn supports jobs and economic activity in other industries, known in economic analysis as “induced” effects. In this way the security industry supports an additional 722,000 jobs and $153 billion in induced economic activity.
Back to Top