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INSIGHTS

India security market growing, but yet to mature

India security market growing, but yet to mature
The Indian security industry, along with its economy, is seeing major developments at present. Several large projects are currently underway and many are in the pipeline. These include both government and private sector initiatives. However, to some industry experts, despite the growth rate the market is yet to mat
The Indian security industry, along with its economy, is seeing major developments at present. Several large projects are currently underway and many are in the pipeline. These include both government and private sector initiatives.

However, to some industry experts, despite the growth rate the market is yet to mature.

“The market is growing and the pace is good, but I feel it is still at a relatively infant stage,” said Nitin Joshi, MD of Realty Automation and Security Systems. “I think it would take at least four to five years to mature, because safety is still not the major concern as far as the common man is concerned.”

He gave an example of a scenario seen in various cities. Most large buildings ...
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