Security Services Market in India 2024-2028

Description

List of Tables

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:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.48%
CAGR	5.55%
Incremental Value	$886.87mn

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.

Product Code: IRTNTR74560

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Component
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on India - Market size and forecast 2023-2028 ($ million)
Exhibit 13: Data Table on India - Market size and forecast 2023-2028 ($ million)
Exhibit 14: Chart on India: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on India: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Security services market in India 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on security services market in India 2018 - 2022 ($ million)
4.2 Component Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Component Segment 2018 - 2022 ($ million)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.4 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Component

6.1 Market segments
Exhibit 27: Chart on Component - Market share 2023-2028 (%)
Exhibit 28: Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
Exhibit 29: Chart on Comparison by Component
Exhibit 30: Data Table on Comparison by Component
6.3 SaaS security services - Market size and forecast 2023-2028
Exhibit 31: Chart on SaaS security services - Market size and forecast 2023-2028 ($ million)
Exhibit 32: Data Table on SaaS security services - Market size and forecast 2023-2028 ($ million)
Exhibit 33: Chart on SaaS security services - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on SaaS security services - Year-over-year growth 2023-2028 (%)
6.4 Managed security services - Market size and forecast 2023-2028
Exhibit 35: Chart on Managed security services - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Data Table on Managed security services - Market size and forecast 2023-2028 ($ million)
Exhibit 37: Chart on Managed security services - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Managed security services - Year-over-year growth 2023-2028 (%)
6.5 Security consulting services - Market size and forecast 2023-2028
Exhibit 39: Chart on Security consulting services - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Data Table on Security consulting services - Market size and forecast 2023-2028 ($ million)
Exhibit 41: Chart on Security consulting services - Year-over-year growth 2023-2028 (%)
Exhibit 42: Data Table on Security consulting services - Year-over-year growth 2023-2028 (%)
6.6 Threat intelligence security services - Market size and forecast 2023-2028
Exhibit 43: Chart on Threat intelligence security services - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Data Table on Threat intelligence security services - Market size and forecast 2023-2028 ($ million)
Exhibit 45: Chart on Threat intelligence security services - Year-over-year growth 2023-2028 (%)
Exhibit 46: Data Table on Threat intelligence security services - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Component
Exhibit 47: Market opportunity by Component ($ million)
Exhibit 48: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 49: Chart on End-user - Market share 2023-2028 (%)
Exhibit 50: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 51: Chart on Comparison by End-user
Exhibit 52: Data Table on Comparison by End-user
7.3 Commercial buildings - Market size and forecast 2023-2028
Exhibit 53: Chart on Commercial buildings - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Data Table on Commercial buildings - Market size and forecast 2023-2028 ($ million)
Exhibit 55: Chart on Commercial buildings - Year-over-year growth 2023-2028 (%)
Exhibit 56: Data Table on Commercial buildings - Year-over-year growth 2023-2028 (%)
7.4 Residential buildings - Market size and forecast 2023-2028
Exhibit 57: Chart on Residential buildings - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Data Table on Residential buildings - Market size and forecast 2023-2028 ($ million)
Exhibit 59: Chart on Residential buildings - Year-over-year growth 2023-2028 (%)
Exhibit 60: Data Table on Residential buildings - Year-over-year growth 2023-2028 (%)
7.5 Industrial buildings - Market size and forecast 2023-2028
Exhibit 61: Chart on Industrial buildings - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Data Table on Industrial buildings - Market size and forecast 2023-2028 ($ million)
Exhibit 63: Chart on Industrial buildings - Year-over-year growth 2023-2028 (%)
Exhibit 64: Data Table on Industrial buildings - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Exhibit 65: Market opportunity by End-user ($ million)
Exhibit 66: Data Table on Market opportunity by End-user ($ million)

8 Market Segmentation by Application

8.1 Market segments
Exhibit 67: Chart on Application - Market share 2023-2028 (%)
Exhibit 68: Data Table on Application - Market share 2023-2028 (%)
8.2 Comparison by Application
Exhibit 69: Chart on Comparison by Application
Exhibit 70: Data Table on Comparison by Application
8.3 Critical infrastructure security - Market size and forecast 2023-2028
Exhibit 71: Chart on Critical infrastructure security - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Critical infrastructure security - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Critical infrastructure security - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Critical infrastructure security - Year-over-year growth 2023-2028 (%)
8.4 Transportation security - Market size and forecast 2023-2028
Exhibit 75: Chart on Transportation security - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Transportation security - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Transportation security - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Transportation security - Year-over-year growth 2023-2028 (%)
8.5 Event security - Market size and forecast 2023-2028
Exhibit 79: Chart on Event security - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Event security - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Event security - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Event security - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Application
Exhibit 83: Market opportunity by Application ($ million)
Exhibit 84: Data Table on Market opportunity by Application ($ million)

9 Customer Landscape

9.1 Customer landscape overview
Exhibit 85: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 86: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 87: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 88: Overview on factors of disruption
11.4 Industry risks
Exhibit 89: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 90: Vendors covered
12.2 Market positioning of vendors
Exhibit 91: Matrix on vendor position and classification
12.3 Allied Universal
Exhibit 92: Allied Universal - Overview
Exhibit 93: Allied Universal - Product / Service
Exhibit 94: Allied Universal - Key offerings
12.4 Balram Corporate Services Pvt. Ltd.
Exhibit 95: Balram Corporate Services Pvt. Ltd. - Overview
Exhibit 96: Balram Corporate Services Pvt. Ltd. - Product / Service
Exhibit 97: Balram Corporate Services Pvt. Ltd. - Key offerings
12.5 DSS Securitech Pvt. Ltd.
Exhibit 98: DSS Securitech Pvt. Ltd. - Overview
Exhibit 99: DSS Securitech Pvt. Ltd. - Product / Service
Exhibit 100: DSS Securitech Pvt. Ltd. - Key offerings
12.6 Eagle Hunter Solutions Ltd.
Exhibit 101: Eagle Hunter Solutions Ltd. - Overview
Exhibit 102: Eagle Hunter Solutions Ltd. - Product / Service
Exhibit 103: Eagle Hunter Solutions Ltd. - Key offerings
12.7 Fireball India
Exhibit 104: Fireball India - Overview
Exhibit 105: Fireball India - Product / Service
Exhibit 106: Fireball India - Key offerings
12.8 G 7 Securitas Group
Exhibit 107: G 7 Securitas Group - Overview
Exhibit 108: G 7 Securitas Group - Product / Service
Exhibit 109: G 7 Securitas Group - Key offerings
12.9 Global Security Services
Exhibit 110: Global Security Services - Overview
Exhibit 111: Global Security Services - Product / Service
Exhibit 112: Global Security Services - Key offerings
12.10 Perfect Protection India Pvt Ltd
Exhibit 113: Perfect Protection India Pvt Ltd - Overview
Exhibit 114: Perfect Protection India Pvt Ltd - Product / Service
Exhibit 115: Perfect Protection India Pvt Ltd - Key offerings
12.11 Premier Shield
Exhibit 116: Premier Shield - Overview
Exhibit 117: Premier Shield - Product / Service
Exhibit 118: Premier Shield - Key offerings
12.12 Saksham Security Solutions Pvt. Ltd.
Exhibit 119: Saksham Security Solutions Pvt. Ltd. - Overview
Exhibit 120: Saksham Security Solutions Pvt. Ltd. - Product / Service
Exhibit 121: Saksham Security Solutions Pvt. Ltd. - Key offerings
12.13 Sarvodaya Security Service Pvt. Ltd.
Exhibit 122: Sarvodaya Security Service Pvt. Ltd. - Overview
Exhibit 123: Sarvodaya Security Service Pvt. Ltd. - Product / Service
Exhibit 124: Sarvodaya Security Service Pvt. Ltd. - Key offerings
12.14 Shri Balaji Security Services
Exhibit 125: Shri Balaji Security Services - Overview
Exhibit 126: Shri Balaji Security Services - Product / Service
Exhibit 127: Shri Balaji Security Services - Key offerings
12.15 SIS Ltd.
Exhibit 128: SIS Ltd. - Overview
Exhibit 129: SIS Ltd. - Business segments
Exhibit 130: SIS Ltd. - Key offerings
Exhibit 131: SIS Ltd. - Segment focus
12.16 Sri Renuka Shakti Security Services Pvt. Ltd
Exhibit 132: Sri Renuka Shakti Security Services Pvt. Ltd - Overview
Exhibit 133: Sri Renuka Shakti Security Services Pvt. Ltd - Product / Service
Exhibit 134: Sri Renuka Shakti Security Services Pvt. Ltd - Key offerings
12.17 Stalwart People Services India Ltd.
Exhibit 135: Stalwart People Services India Ltd. - Overview
Exhibit 136: Stalwart People Services India Ltd. - Product / Service
Exhibit 137: Stalwart People Services India Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 138: Inclusions checklist
Exhibit 139: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 140: Currency conversion rates for US$
13.4 Research methodology
Exhibit 141: Research methodology
Exhibit 142: Validation techniques employed for market sizing
Exhibit 143: Information sources
13.5 List of abbreviations
Exhibit 144: List of abbreviations