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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2023 U.S. Industry Statistics & Market Forecast - Investigation Services
Market Size & Industry Statistics
The total U.S. industry market size for Investigation Services:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|Statistics||2017 2018 2019 2020 2021 2022|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe Investigation Services industry is experiencing several trends that are significantly impacting the industry. One of the main trends is the rising demand for digital and cyber investigations. With the increasing reliance on technology, cybercrime has become a major threat to individuals and businesses. As a result, Investigation Services companies must adapt their services to include in-depth digital investigation and cybersecurity expertise.
Additionally, investigation services are facing the challenge of constantly evolving regulations and compliance laws. Investigation companies must stay up to date with changes in regulations to provide effective services while avoiding any legal issues. The industry is also undergoing changes in customer expectations, with clients increasingly expecting services to be provided quickly and efficiently.
Another trend is the emerging use of artificial intelligence (AI) and machine learning (ML) to enhance investigation services. AI and ML can analyze large volumes of data quickly, which can aid in investigations, fraud detection, and decision-making. This technology can also be used to automate certain aspects of an investigation, thereby improving efficiency and reducing errors.
Lastly, the industry is going through a period of rapid consolidation as large companies acquire small businesses to expand their services and market reach. This consolidation trend is expected to continue in the coming years as the industry continues to evolve and adapt to changing circumstances.
Product & Services BreakdownResearch products and services in the Investigation Services industry generating sales. Note that products are broken into categories with different levels of classification.
|Product Description||Number of Companies||Sales ($ millions)||Percent of Total Sales|
Investigation Services, Including Personal Background Checks
Domestic And Family Investigation Services
Legal Investigation Services
Insurance Investigation Services
Corporate Investigation Services
Pre-Employment Services (E.G., Background Investigations.)
Other Investigation Services
Security Guard And Patrol Services
Security Guard And Patrol Services For Buildings And Grounds
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Industry Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Investigation Services company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry Average|
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Investigation Services industry is performing.|
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Investigation Services measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators||Industry Average|
|Measure how quickly products and services sell, and effectively collections policies are implemented.|
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||1%|
|Protective Service Occupations||93%|
|Other Protective Service Workers||89%|
|Security Guards and Gambling Surveillance Officers||87%|
Investigation Services Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Investigation Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Investigation Services industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Investigation Services industry.
Government ContractsIn 2022, the federal government spent a total of $1,472,089,589 on Investigation Services. It has awarded 1010 contracts to 465 companies, with an average value of $3,165,784 per company.
|Most Recent Contracts||Date||Total Award Amount|