Tuesday, January 24, 2006

Private Security Growth to Explode

Worldwide, private-security company revenues have been estimated at $100 billion by the Stockholm International Peace Research Institute. The institute, which studies issues involving worldwide security, estimates the industry income will double by 2010.

The Fredonia Group, a business research company based in Ohio, projects the international growth rate at 7.7 percent annually through 2008.

The nation's security companies employ 1.5 million people and spend $52 billion per year, compared with public police agencies that have 600,000 workers and spend $30 billion,according to James Pastor, author of The Privatization of Police in America.


Dennis Wagner, "Private security guards play key roles post-9/11"


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