Security Services Market In India 2024-2028
The security services market in India is forecasted to grow by USD 886.87 mn during 2023-2028, accelerating at a CAGR of 5.55% during the forecast period. The report on the security services market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by insufficient police force to protect huge indian population, rising urbanization in India, and increasing demand for efficient security solutions.
Technavio's security services market in India is segmented as below:
By Component
- SaaS security services
- Managed security
- Security consulting services
- Threat intelligence security services
By End-user
- Commercial buildings
- Residential buildings
- Industrial buildings
By Application
- Critical infrastructure security
- Transportation security
- Event security
This study identifies the increasing popularity of virtual security systems as one of the prime reasons driving the security services market in India growth during the next few years. Also, integrated facility management services for buildings and rising adoption of AI and automation in security services will lead to sizable demand in the market.
The report on the security services market in India covers the following areas:
- Security services market in India sizing
- Security services market in India forecast
- Security services market in India industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading security services market in India vendors that include Allied Universal, Balram Corporate Services Pvt. Ltd., DSS Securitech Pvt. Ltd., Eagle Hunter Solutions Ltd., Fireball India, G 7 Securitas Group, Global Security Services, Perfect Protection India Pvt Ltd, Premier Shield, Saksham Security Solutions Pvt. Ltd., Sarvodaya Security Service Pvt. Ltd., Shri Balaji Security Services, SIS Ltd., Sri Renuka Shakti Security Services Pvt. Ltd, Stalwart People Services India Ltd., Sunrise Security Services, Terrier Security Solutions, Top IPS Group, VS4 Security and Services, and WWSO Group. Also, the security services market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.