The Security Equipment and Services Market which includes CCTV and other equipment has been pegged at INR 28.5 bn, electronics access control estimated to be INR 7.99 bn and private security services valued at INR 100 bn in 2009. Increasing security awareness among corporate and individuals will drive the market.
The security equipment and service market indicates three basic divisions, CCTV and other Equipment, Electronics Access Control and Private Security Services. It further elaborates on all the three division in brief providing an overview, market size, growth and market segmentation for each of these segments in the security equipment and services market.
Information regarding the type of products in CCTV and other equipments, as well as electronic access control are growing at a rapid speed.
An analysis of the drivers for CCTV and other equipment explains growth factors such as government demand, corporate demand, and retail and residential sector demand. The key challenges to be identified are high duty and taxation structure and competition from unorganized players. Analysis of the driver for electronics access control explains growth factor such as increasing security breaches, demand from upcoming government projects and proposals, economic growth and rise in employable population and increasing demand for better security from increasing R&D centres.
The key challenges include lack of awareness towards security and availability of cheaper alternatives, and lack of end to end solution providers. Analysis of the driver for private security services explain growth factor such insufficient police protection and cost of electronics.
The future outlook for this sector including the existing duty structure and the PE investments and their impact on the market. The major products expected to be demanded have been highlighted including the sectors which will drive the market.
Competition section provides brief profiles of major domestic and foreign players in the market(GROUP 4 SECURICOR-G4S). The section contains a snapshot of their corporation, products they offer, financial performance and business highlights, providing an insight into the existing competitive scenario.
In India , manpower security =watchman.who helps in doing the chores at the site.This should change for a secure society.
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