Investigation Services in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS OD6484
Spotlight Report Revenue
$8.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
60,487
Businesses
25,051
Wages
$X.Xbn
Investigation Services in the US industry analysis
Performance for investigation services has been on a slight downturn for most of the period through 2024. Even so, while the pandemic slightly reduced income, the aftermath provided a considerable bounce back which cushioned the slumps for the rest of the period. As the pandemic waned, many businesses reopened and were looking for new employees, bolstering the need for background checks, which remains the most popular service offered by investigators. Nonetheless, rising competition externally and internally has led some operators to record low profits, forcing them to exit the industry. Overall, revenue for investigation services is set to climb at a CAGR of 1.3% to $8.3 billion through 2024, including a 0.9% dip in 2024 alone.
Trends and Insights
- The rapid advancement of technology has given investigation services the tools to help improve success rates. Automation systems have reduced the time needed for background checks while improving data aggregation.
- Businesses rely significantly on investigation services for a variety of reasons. Background checks remain the most common requested service as companies constantly hire new employees.
- Barriers to entry remain low allowing for investigation services. Most operations just need proper licensing and insurance to start providing services.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $8.3bn in 2024.
Trends and Insights
External competition remains an issue
- While investigative services prove reliable and valuable in various scenarios beyond background checks, much of private detective work can be handled by local or federal law agencies.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Technology makes life easier for investigators
- Artificial intelligence and machine learning help expedite the background check process while providing more accurate information. Automated systems can be useful for criminal background, credit history, education and employment.
Biggest companies in the Investigation Services in the US
There are no companies that hold a large enough market share in the Investigation Services in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Investigation Services in the US
Products & Services
Industry revenue is measured across several distinct product and services lines, including Other services, Background check services and Private detective services. Other services is the largest segment of the Investigation Services in the US.
Trends and Insights
Many organizations require background checks
- Background checks examine a person’s past, including their criminal, employment and education history, to verify their legitimacy and ensure they are suitable for a certain role, job, or service.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- There are no industries to display.
International industries
- Investigation and Security Services in Australia
Table of Contents
About this industry
Industry definition
Operators in this industry are primarily engaged in providing investigative services, including fingerprinting and private detective services. This industry does not include establishments engaged in providing credit checks.
What's included in this industry?
Providing investigation servicesProviding detective servicesProviding fingerprinting services Providing background check servicesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
SURVEILLANCEBACKGROUND CHECKFORENSIC SCIENCEIndustry Code
NAICS 561611 - Investigation Services in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The rapid advancement of technology has given investigation services the tools to help improve success rates. Automation systems have reduced the time needed for background c...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Factors that influence volatility in the industry
- Key success factors for businesses to overcome volatility
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Businesses rely significantly on investigation services for a variety of reasons. Background checks remain the most common requested service as companies constantly hire new ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Purchase this report to unlock analyst insights.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Barriers to entry remain low allowing for investigation services. Most operations just need proper licensing and insurance to start providing services.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Investigation services may receive public assistance from law enforcement agencies. This includes the police, FBI or other units. Even so, this can vary on a case-by-case bas...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Investigation services lean heavily on skilled employees, leading to wages accounting for the second-largest expense. Despite the implementation of technology, the human elem...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Investigation Services in the US industry in United States in 2024?
The market size of the Investigation Services in the US industry in United States is $8.3bn in 2024.
How many businesses are there in the Investigation Services in the US industry in 2024?
There are 25,051 businesses in the Investigation Services in the US industry in United States, which has declined at a CAGR of 2.2 % between 2019 and 2024.
Has the Investigation Services in the US industry in United States grown or declined over the past 5 years?
The market size of the Investigation Services in the US industry in United States has been growing at a CAGR of 1.3 % between 2019 and 2024.
What is the forecast growth of the Investigation Services in the US industry in United States over the next 5 years?
Over the next five years, the Investigation Services in the US industry in United States is expected to grow.
What does the Investigation Services in the US in United States include?
Providing investigation services and Providing detective services are part of the Investigation Services in the US industry.
How competitive is the Investigation Services in the US industry in United States?
The level of competition is high and increasing in the Investigation Services in the US industry in United States.
