Home›Global Markets›Trade & Tariffs›Private security spending grows as violent crime trend…

Private security spending grows as violent crime trends downward

CNBC Economy says private security spending and guard employment have risen even though violent crime has fallen.

Reported · Written up by our desk · Trade & Tariffs

Private security spending is expanding, driven by companies and communities seeking protection as high-profile attacks remain a concern, according to CNBC Economy.

The outlet notes that both overall spending and guard employment have increased over time, reflecting stronger demand for personal protection services.

CNBC Economy also highlights the contrast with broader crime trends, saying violent crime has been falling even as the private security industry grows.

More like this

Sources