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SILVER SPRING, Md. – The security industry is a dynamic and rapidly growing sector of the national economy, according to a new study from the Security Industry Association (SIA).
The sector has a total economic impact of $431.3 billion, supporting 2.1 million jobs and $145.5 billion in wages, including supplier and induced economic activity. The average annual salary for employees is $69,200.
“SIA’s new Security Industry Economic Impact Report describes the significant economic impact of the security industry in the United States as a key source of employment and leading contributor to our economy,” said SIA CEO Don Erickson in a press release. “The report provides very compelling data points that should be considered by government officials as they contemplate the impact of potential regulation and legislation upon security businesses. We expect that the report’s findings will also be leveraged by employers to better compete against other industries for qualified talent.”
The study found the security industry’s direct economic impact is $130.4 billion, providing 723,000 jobs and $46.7 billion in wages annually, which generates over $60 billion in federal, state and local tax revenue. Direct impact is measured across four overarching categories of activity: manufacturing, business to business activity, services and security personnel.
Security Services Generates Over 489,000 U.S. Jobs
Security services as a whole has a $36.8 billion impact and generates 489,038 jobs. When broken down by equipment and personnel, security equipment services has a $11.8 billion impact and generates 105,753 jobs, while security personnel services has a $25.1 billion impact and generates 383,285 jobs.
The states with the highest direct output are:
- California: $21.7 billion
- New York: $11.4 billion
- Texas: $11.3 billion
- Florida: $9.8 billion
The study was conducted by Florida-based John Dunham & Associates and uses the most current methodology and data available from 2024.
