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.
Source:
Dennis Wagner, "Private security guards play key roles post-9/11"
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.
Source:
Dennis Wagner, "Private security guards play key roles post-9/11"
posted by Defend University at 1:30 PM
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