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

Security is the larger visible category.

Broad security, guard, or patrol name matches outnumber investigation/detective matches by roughly four to one in the Colorado good-standing entity dataset.

Denver is the primary concentration point.

Denver accounts for 81 investigation/detective matches and 341 security-related matches, the highest city count in both categories.

Most matched entities are LLCs.

Domestic limited liability companies represent 312 investigation/detective matches and 1,109 security-related matches.

Public revenue data puts the category above $1.4B.

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.

Later labor data shows a larger 2025 employment base.

BLS QCEW reports 18,415 annual-average private employees in Colorado NAICS 5616 for 2025, with $932.6M in covered annual wages.

Recent formation activity is elevated.

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

381Investigation or detective-related entity-name matches
29Strict private investigation or private detective matches
1,553Broad security, guard, or patrol entity-name matches
960Strict security entity-name matches

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.

$1.46B2022 Colorado revenue for investigation and security services, NAICS 5616
$569.9M2022 annual payroll reported for the same Colorado category
15,631Employees in Colorado investigation and security services in 2022
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.

18,4152025 annual-average private employment in Colorado NAICS 5616, BLS QCEW
$932.6M2025 covered annual wages for private Colorado NAICS 5616 employers
$50,6462025 average annual pay reported by BLS QCEW for the category
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

81Denver investigation or detective-related entity-name matches
341Denver broad security, guard, or patrol entity-name matches
217Denver strict security entity-name matches

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

CityCount
Denver81
Colorado Springs43
Aurora16
Lakewood14
Littleton13
Grand Junction12
Castle Rock11
Parker11

Top cities: security/guard/patrol matches

CityCount
Denver341
Colorado Springs209
Aurora135
Lakewood41
Littleton41
Boulder33
Parker33
Fort Collins32

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 typeCount
DLLC312
DPC51
DNC9
FLLC5
FPC3

Security/guard/patrol entity types

Entity typeCount
DLLC1,109
DPC259
DNC98
FLLC49
FPC24
Term bucketCountResearch note
Investigation-related356Captures investigation, investigations, investigative, and related naming variants.
Detective26Smaller subset; may include traditional detective-services branding.
Private investigation-related29Strict phrase match; useful as a conservative floor, not a complete PI count.
Security960Largest security term bucket and the cleanest single-term security signal.
Guard538Captures guard services but can include adjacent terms or non-provider uses.
Patrol72Smaller 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 yearInvestigation/detective matchesSecurity/guard/patrol matches
20161034
20171941
20181841
20191648
20203063
20211265
202226120
202329100
202422145
202545326
202630204

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.

Ask for documented authority.

Confirm the provider can perform the service being sold and can explain the legal, contractual, or client authority behind the work.

Review actual reporting quality.

Request redacted examples of incident reports, case summaries, field notes, or executive-ready deliverables.

Separate marketing from controls.

Look for supervision cadence, confidentiality procedures, evidence-handling notes, and quality-control review.

Evaluate fit by risk profile.

Retail security, workplace investigations, executive protection, surveillance, and litigation support require different evidence and communication standards.

Sources and notes