The Security Industry Association (SIA) has unveiled its first-ever national economic impact study on the security industry, highlighting the positive impact the industry has on jobs, wages, and federal and state revenue in the United States. The study, conducted by Florida-based John Dunham & Associates, uses the most current methodology and data available from 2024.
The study found that the security industry—as a dynamic and rapidly growing sector of the national economy—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.
SIA CEO Don Erickson said the industry is “a key source of employment and leading contributor to our economy.“ He added, “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 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.
Read the full report here.
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