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NAICS Code 561621-02 Description (8-Digit)

Bank Protective Equipment is a subdivision of the Security Systems Services industry that specializes in providing security equipment and systems to banks and other financial institutions. This industry involves the installation, maintenance, and repair of various security systems and equipment that are designed to protect banks from theft, robbery, and other security threats. Bank Protective Equipment companies work closely with banks to assess their security needs and provide customized solutions to ensure the safety of their employees, customers, and assets.

Hierarchy Navigation for NAICS Code 561621-02

Tools

Tools commonly used in the Bank Protective Equipment industry for day-to-day tasks and operations.

  • Bullet-resistant glass
  • Security cameras
  • Alarm systems
  • Access control systems
  • Panic buttons
  • Motion detectors
  • Biometric scanners
  • Safe deposit boxes
  • Cash management systems
  • Vault doors

Industry Examples of Bank Protective Equipment

Common products and services typical of NAICS Code 561621-02, illustrating the main business activities and contributions to the market.

  • Bullet-resistant glass installation
  • Security camera maintenance
  • Alarm system repair
  • Access control system installation
  • Panic button programming
  • Motion detector calibration
  • Biometric scanner integration
  • Safe deposit box rental
  • Cash management system training
  • Vault door replacement

Certifications, Compliance and Licenses for NAICS Code 561621-02 - Bank Protective Equipment

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • UL 2050: This certification is required for security systems that are used to protect classified information. It is issued by Underwriters Laboratories (UL), an independent safety science company. UL 2050 certification ensures that the security system meets the standards set by the Department of Defense.
  • National Institute for Certification In Engineering Technologies (NICET): This certification is required for technicians who install and maintain fire alarm systems. NICET is a division of the National Society of Professional Engineers (NSPE). NICET certification ensures that the technician has the necessary knowledge and skills to install and maintain fire alarm systems.
  • National Fire Protection Association (NFPA) 72: This certification is required for technicians who install and maintain fire alarm systems. NFPA is a global self-funded nonprofit organization that provides standards and training for fire protection and prevention. NFPA 72 certification ensures that the technician has the necessary knowledge and skills to install and maintain fire alarm systems.
  • International Association Of Professional Security Consultants (IAPSC): This certification is required for security consultants who provide advice and guidance on security systems. IAPSC is a professional association that provides education and certification for security consultants. IAPSC certification ensures that the security consultant has the necessary knowledge and skills to provide advice and guidance on security systems.
  • American Society for Industrial Security (ASIS) International: This certification is required for security professionals who manage and oversee security systems. ASIS International is a professional association that provides education and certification for security professionals. ASIS International certification ensures that the security professional has the necessary knowledge and skills to manage and oversee security systems.

History

A concise historical narrative of NAICS Code 561621-02 covering global milestones and recent developments within the United States.

  • The "Bank Protective Equipment" industry has a long history dating back to the early 20th century when banks started using vaults to protect their assets. In the 1920s, the industry saw significant growth with the introduction of alarm systems and security cameras. The industry continued to evolve with the introduction of bullet-resistant glass, access control systems, and biometric technology. In recent years, the industry has seen a shift towards more advanced technology, such as artificial intelligence and machine learning, to improve security measures. In the United States, the industry has been heavily influenced by the events of 9/11, which led to increased security measures and regulations in the banking sector.

Future Outlook for Bank Protective Equipment

The anticipated future trajectory of the NAICS 561621-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Bank Protective Equipment industry in the USA is positive due to the increasing demand for security systems in the banking sector. The industry is expected to grow due to the rising number of bank robberies and thefts. The increasing use of advanced technologies such as biometric authentication, facial recognition, and artificial intelligence is expected to drive the growth of the industry. The industry is also expected to benefit from the increasing adoption of cloud-based security systems and the integration of security systems with other banking systems. The increasing focus on cybersecurity is also expected to drive the growth of the industry in the coming years.

Industry Innovations for NAICS Code 561621-02

Recent groundbreaking advancements and milestones in the Bank Protective Equipment industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Safes: Smart safes are equipped with advanced technologies such as biometric authentication, facial recognition, and artificial intelligence. They can detect and prevent unauthorized access and provide real-time alerts in case of any suspicious activity.
  • Bullet-Resistant Glass: Bullet-resistant glass is a recent innovation in the Bank Protective Equipment industry. It is designed to withstand high-velocity impacts and prevent break-ins and robberies.
  • Cash Management Systems: Cash management systems are designed to automate the cash handling process in banks. They can count, sort, and store cash, reducing the risk of theft and errors.
  • Video Analytics: Video analytics is a technology that uses artificial intelligence to analyze video footage and detect suspicious activity. It can be used to monitor bank premises and prevent thefts and robberies.
  • Panic Buttons: Panic buttons are a recent innovation in the Bank Protective Equipment industry. They can be installed in banks and can be used to alert the authorities in case of an emergency.

NAICS Code 561621-02 - Bank Protective Equipment

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