Indian Security Industry
The private security industry in India has now become an important sector. With the growth of the Indian economy over the last two decades, the need for security arrangements of industrial complexes, offices, IT parks and other public infrastructures such as airports, metro stations, shopping malls and public utilities has grown manifold
•Manned guarding is the largest segment in the security space and is a human resource intensive segment. It provides security for premises and individuals. Activities under the umbrella of manned guarding include surveillance and protection of real estate properties including industrial, commercial and infrastructure facilities, security checks, crowd (event) management among others
•Cash services is a growing segment considering the stringent requirements of safety of money form the principal employers. The activities under this umbrella include provision of secured logistics for cash and other valuables from banks and other corporate entities. While there are specialized cash services players, this segment is primarily dominated by the organised players which also manned guarding services
•Electronic security services have vast scope for growth, though currently they are significantly small in comparison to manned guarding. They are primarily catered by large international OEMs and building solutions provider. Security service companies provide electronic security services and are also involved in installation, monitoring and maintenance
•A new segment is emerging that provides security through sophisticated intelligence technology and platform.