Mumbai, India – July 07, 2014 – Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Security Equipment and Services Market in India 2014’. Government demands, initiatives and regulations coupled with the ongoing boom in real-estate sector is mainly propelling the market in India. Additionally, rising awareness levels about the security breaches happening across the nation is catalyzing the adoption of security equipment and services in India. The market can be segregated in terms of surveillance & monitoring equipment, access control equipment, IT security and private security services. The market for private security services has exhibited the fastest growth among the rest of the segments, followed by surveillance & monitoring and electronic access control equipment.
The overall market faces the maximum demand from some of the key industry verticals such as healthcare, real-estate and BFSI. All these industries are poised for a steady growth in the coming 4-5 years, as a result of which the demand curve for security equipment and services is expected to shape up positively for players operating in the market. So far the market has not seen much of sales from the online space, thereby creating significant opportunity areas for players, especially when the state of internet connectivity and internet user base is improving exponentially on a daily basis.
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