TL;DR
The private security segment of the franchising industry is booming due to people's need to feel safe. Demand is expected to continue rising, with private security filling the gap where police forces have not grown.
In an interview with Franchise Direct, Reed Nyffeler, co-founder and CEO of Signal 88 Security, said that high level of demand is expected to continue rising because people have a strong need to feel safe, especially in society today.
“The industry continues to grow as there are more and more threats to our peace of mind,” said Nyffeler. “Over the last 20 years we have had a series of attacks from international organizations, disturbed individuals and gang violence. Throughout this same time, the police forces have not grown and as a result private security is needed to fill the gap.”
In this story
This story was originally published in 1851 Franchise on October 10, 2016. Burnaze summarizes and links to the original reporting.
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