Market Research
Colorado Investigator & Security Company Market Value Report.
Denver Security Review analyzed public Colorado business entity records to estimate the visible market for investigation and security-provider entities. The report expands beyond a headline count with public revenue indicators, scenario projections, city concentrations, entity types, formation-year trends, term segmentation, methodology notes, and buyer implications.
Executive summary
Denver Security Review identified 381 good-standing Colorado business entities whose names match investigation or detective-related terms, including 29 stricter matches for private investigation or private detective phrasing. For security-related entities, the review identified 1,553 good-standing Colorado matches using broad security, guard, or patrol terms, including 960 entities with security in the name. The 2022 Economic Census reports approximately $1.46 billion in Colorado revenue for NAICS 5616, investigation and security services. To keep the report current for 2026 readers, the analysis also adds 2023 County Business Patterns employer data, 2025 BLS QCEW wage data, and May 2025 BLS occupational wage indicators.
Key findings
Broad security, guard, or patrol name matches outnumber investigation/detective matches by roughly four to one in the Colorado good-standing entity dataset.
Denver accounts for 81 investigation/detective matches and 341 security-related matches, the highest city count in both categories.
Domestic limited liability companies represent 312 investigation/detective matches and 1,109 security-related matches.
Colorado investigation and security services generated about $1.46B in 2022 Economic Census revenue, with security systems and guard/patrol services representing the largest published subcategories.
BLS QCEW reports 18,415 annual-average private employees in Colorado NAICS 5616 for 2025, with $932.6M in covered annual wages.
Security-related matches show 326 formations in 2025 and 204 in 2026 year-to-date records, while investigation-related matches show 45 in 2025 and 30 in 2026.
Colorado statewide market-size indicators
These figures are best read as a market-map signal. They show how many good-standing Colorado business entities use terms that commonly describe investigation, detective, security, guard, or patrol services.
| Category | Search terms | Colorado count | Denver count | Best interpretation |
|---|---|---|---|---|
| Investigation/detective | investigation, investigations, investigative, detective | 381 | 81 | Broad visible investigation market signal |
| Strict private investigation | private investigation, private investigations, private investigator, private detective | 29 | Not isolated in this cut | Narrower phrasing, likely undercounts actual PI businesses |
| Security / guard / patrol | security, guard, patrol | 1,553 | 341 | Broad visible security-provider market signal |
| Strict security | security | 960 | 217 | Cleaner security-only name match |
Colorado security industry market value
The strongest public monetary baseline is the U.S. Census Bureau's 2022 Economic Census for NAICS 5616, investigation and security services. That dataset reports Colorado revenue, payroll, establishment, firm, and employment totals by industry code. These are historical receipts reported through the Economic Census, not a current-year forecast and not a count of licensed active operators.
| Colorado industry segment | NAICS | 2022 revenue | Firms | Establishments | Employment | Annual payroll |
|---|---|---|---|---|---|---|
| Investigation and security services | 5616 | $1.457B | 500 | 562 | 15,631 | $569.9M |
| Investigation, guard, and armored car services | 56161 | $764.1M | 259 | 310 | 12,773 | $404.9M |
| Security systems services | 56162 | $693.3M | 242 | 252 | 2,858 | $165.0M |
| Security guards and patrol services | 561612 | $510.8M | 163 | 205 | 11,491 | $337.2M |
| Investigation and personal background check services | 561611 | $171.4M | 91 | 93 | 667 | $36.9M |
Projection scenarios
Denver Security Review does not present these scenarios as an official forecast. They are simple growth-rate scenarios applied to the 2022 Economic Census baseline to show the scale of the category if Colorado investigation and security services grow at modest, moderate, or faster annual rates.
| Scenario | Assumed annual growth | 2022 baseline | 2026 scenario value | 2030 scenario value | Best use |
|---|---|---|---|---|---|
| Conservative | 3% | $1.46B | $1.64B | $1.85B | Low-growth planning case |
| Base case | 5% | $1.46B | $1.77B | $2.15B | Moderate market-expansion case |
| Higher-growth | 7% | $1.46B | $1.91B | $2.50B | Upside case for stronger demand and systems adoption |
The important buyer-facing interpretation is that Colorado security and investigation is not a small informal market. It is a billion-dollar professional-services category with a large labor base, meaningful payroll, and many registered entities competing for trust-sensitive work.
2026 relevance update
The 2022 Economic Census remains the strongest public revenue baseline because sales and receipts are not published every year at the same industry detail. To make the report current for 2026 readers, Denver Security Review layers in newer official labor and employer datasets that show how the market looked after the 2022 revenue year.
| Indicator layer | Latest available period used | What it adds | Colorado signal | How to read it |
|---|---|---|---|---|
| Economic Census | 2022 | Revenue, payroll, firms, establishments, employment | $1.457B revenue; 15,631 employees; $569.9M payroll | Best public revenue baseline for the industry category |
| County Business Patterns | 2023 | Employer establishments, employment, annual payroll | 551 establishments; 16,476 employees; $684.4M annual payroll | Post-2022 employer snapshot, but not a revenue series |
| BLS QCEW | 2025 annual | Covered private employment and wages | 794 annual-average establishments; 18,415 employees; $932.6M wages | Most current official industry labor and wage signal |
| BLS OEWS | May 2025 | Occupation-level employment and wage estimates | 16,890 security guards; 540 private detectives and investigators; 1,520 security supervisors | Labor-market context by occupation, not company revenue |
May 2025 occupation wage indicators
| Colorado occupation | SOC code | Estimated employment | Median annual wage | Mean annual wage | 90th percentile annual wage |
|---|---|---|---|---|---|
| Security guards | 33-9032 | 16,890 | $45,150 | $45,870 | $57,360 |
| Private detectives and investigators | 33-9021 | 540 | $48,730 | $58,910 | $86,430 |
| First-line supervisors of security workers | 33-1091 | 1,520 | $54,680 | $59,220 | $89,830 |
These layers should not be merged into a single exact market-size number. The datasets measure different things: business revenue, employer establishments, covered employment and wages, occupations, and registered entity names. Read together, they make the 2026 conclusion stronger: Colorado's security and investigation market is large, labor-intensive, and still active after the 2022 revenue baseline year.
Denver and city concentration
For Denver businesses, the data suggests a crowded provider market. A large pool of entity-name matches does not automatically mean a large pool of mature, well-documented, properly supervised providers. That distinction is why review criteria should examine authority, documentation, confidentiality, supervision, and reporting quality.
Top cities: investigation/detective matches
| City | Count |
|---|---|
| Denver | 81 |
| Colorado Springs | 43 |
| Aurora | 16 |
| Lakewood | 14 |
| Littleton | 13 |
| Grand Junction | 12 |
| Castle Rock | 11 |
| Parker | 11 |
Top cities: security/guard/patrol matches
| City | Count |
|---|---|
| Denver | 341 |
| Colorado Springs | 209 |
| Aurora | 135 |
| Lakewood | 41 |
| Littleton | 41 |
| Boulder | 33 |
| Parker | 33 |
| Fort Collins | 32 |
Entity profile and term segmentation
Entity type and naming patterns help separate market signal from market noise. LLCs dominate both categories, which is expected for smaller professional services firms, regional providers, and owner-operated agencies.
Investigation/detective entity types
| Entity type | Count |
|---|---|
| DLLC | 312 |
| DPC | 51 |
| DNC | 9 |
| FLLC | 5 |
| FPC | 3 |
Security/guard/patrol entity types
| Entity type | Count |
|---|---|
| DLLC | 1,109 |
| DPC | 259 |
| DNC | 98 |
| FLLC | 49 |
| FPC | 24 |
| Term bucket | Count | Research note |
|---|---|---|
| Investigation-related | 356 | Captures investigation, investigations, investigative, and related naming variants. |
| Detective | 26 | Smaller subset; may include traditional detective-services branding. |
| Private investigation-related | 29 | Strict phrase match; useful as a conservative floor, not a complete PI count. |
| Security | 960 | Largest security term bucket and the cleanest single-term security signal. |
| Guard | 538 | Captures guard services but can include adjacent terms or non-provider uses. |
| Patrol | 72 | Smaller operational-service signal for patrol-focused naming. |
Formation-year trend
Formation year is not the same as operational start date or current activity, but it does show when matched entities entered the public business registry. The recent security-related increase is notable and should be read alongside buyer diligence, not as a quality indicator by itself.
| Formation year | Investigation/detective matches | Security/guard/patrol matches |
|---|---|---|
| 2016 | 10 | 34 |
| 2017 | 19 | 41 |
| 2018 | 18 | 41 |
| 2019 | 16 | 48 |
| 2020 | 30 | 63 |
| 2021 | 12 | 65 |
| 2022 | 26 | 120 |
| 2023 | 29 | 100 |
| 2024 | 22 | 145 |
| 2025 | 45 | 326 |
| 2026 | 30 | 204 |
Methodology and limits
The primary source was the Colorado public business entity dataset. Denver Security Review filtered for good-standing entities with a Colorado principal state, then counted entity names matching terms commonly associated with private investigation and security-provider work.
This is not the same as a license registry. Some entities may be inactive in practice, may provide adjacent consulting or technology services, may operate under names that do not include these terms, or may provide services outside the buyer's intended scope. Colorado also does not provide a single clean statewide active private investigator list suitable for claiming an exact current operator total.
Security-industry regulation is also changing and contested. Colorado General Assembly materials for 2025 security-guard legislation show a proposed statewide regulatory structure, but the bill was lost and should not be mistaken for a current statewide list of active providers.
Query approach
- Filter to good-standing entities with Colorado listed as principal state.
- Count investigation/detective records using entity-name matches for investigation-related wording and detective.
- Count security-provider records using entity-name matches for security, guard, and patrol.
- Use strict private-investigation and strict security cuts to create narrower comparison points.
- Do not treat entity registration as proof of active service, license status, insurance, supervision quality, or professional standing.
Technical note: the dataset query used a word stem for investigation-related terms so that investigation, investigations, investigator, and investigative naming variants were captured consistently.
What this means for businesses
The practical takeaway is not simply that Colorado has many investigation and security-related business entities. The stronger takeaway is that buyers need a disciplined comparison process. Businesses should ask for clear documentation of authority, service scope, confidentiality controls, supervision practices, incident or case reporting, evidence handling, and client communication standards before selecting a provider.
Confirm the provider can perform the service being sold and can explain the legal, contractual, or client authority behind the work.
Request redacted examples of incident reports, case summaries, field notes, or executive-ready deliverables.
Look for supervision cadence, confidentiality procedures, evidence-handling notes, and quality-control review.
Retail security, workplace investigations, executive protection, surveillance, and litigation support require different evidence and communication standards.
Sources and notes
- Colorado Information Marketplace business entity dataset API documentation
- U.S. Census Bureau 2022 Economic Census data
- 2022 Economic Census EC2256BASIC table for Sector 56 revenue, payroll, establishments, firms, and employment
- U.S. Census Bureau County Business Patterns API and dataset documentation
- BLS QCEW 2025 annual CSV for NAICS 5616 investigation and security services
- BLS Occupational Employment and Wage Statistics May 2025 tables
- Colorado General Assembly HB25-1262 security guard regulation materials
- Colorado General Assembly HB20-1207 private investigator sunset regulation context
- Colorado Secretary of State former private investigator licensure rules