The combined businesses of SIFMA’s bank, broker-dealer and asset management members represent 75% of the U.S. It has offices in New York City and Washington, D.C. SIFMA was formed on November 1, 2006, from the merger of the Bond Market Association and the Securities Industry Association. The Securities Industry and Financial Markets Association ( SIFMA) is a United States industry trade group representing securities firms, banks, and asset management companies. dollars.United States industry trade group Logo of the Securities Industry and Financial Markets Association These attacks have proven to be expensive for businesses, with the average cost of a cyber attack in United States reported to be almost 20,000 U.S. Since the COVID-19 pandemic where working from home became the norm for many, IT security professionals have encountered an in increase in cyber attacks. dollars in 2021, and continued to grow by 17% in 2022 as demand continued to increase. The spending on cyber security worldwide reached almost 60 billion U.S. dollars, as well as being involved in several mergers that have increased employee numbers and financial turnover.Ī clear growing market within the security industry has been in cyber security. Both of these security groups have consistently produced annual revenues of billions of U.S. Competitors of Securitas AB have included G4S and AlliedUniversal. The revenue of Securitas AB who have worked within security services, monitoring, consulting, and investigation, was the highest in the world in 2021.

Outsourced security services major players This has demonstrated the sheer size of the security market, as the fastest-growing private security company Vanta increased its revenue by over 13,000 percent in 2022. In the outsourced contract security industry alone there were approximately 830,000 security guards working within this field. The market size of security services in the United States has increased exponentially since 2014 and reached almost 52 billion U.S. Security services market in the United States

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