Product Code: ETC4387045 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India physical security market import shipment demonstrated a steady growth trend with a CAGR of 5.0% from 2020 to 2024. However, the growth rate decelerated notably between 2023 and 2024, showing a decline of 9.1%. Overall, the market expanded but at a slower pace towards the end of the period.
The India Physical Security market is on the rise due to growing concerns over safety and security in various sectors, including government, corporate, and residential. This market encompasses a wide array of solutions such as access control, surveillance systems, and perimeter security. With the increasing need to safeguard assets and people, both public and private organizations are investing in advanced physical security technologies, driving the growth of this market.
In India, the physical security market is being driven by a growing awareness of the importance of safeguarding physical assets and ensuring the safety of individuals. Rapid urbanization, the need for protecting critical infrastructure, and the rise in crime rates are key drivers. Technological advancements in surveillance, access control, and perimeter security systems also play a crucial role in market growth.
One challenge is integrating physical and digital security systems. Converging physical access control and cybersecurity to provide a holistic security approach can be complex. Additionally, addressing privacy concerns related to the collection of physical security data can be a significant challenge.
The pandemic has led to an increased emphasis on physical security, particularly in healthcare, critical infrastructure, and public spaces. The market has seen a rise in demand for solutions like temperature screening and access control.
In the India Physical Security market, leading companies like Godrej Security Solutions, Bosch Security Systems, Honeywell, and Zicom Electronic Security Systems are pivotal in offering a wide range of physical security solutions. These solutions include video surveillance, access control, and alarm systems that are essential for ensuring the safety and security of various facilities and assets across India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Physical Security Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Physical Security Market Revenues & Volume, 2021 & 2031F |
3.3 India Physical Security Market - Industry Life Cycle |
3.4 India Physical Security Market - Porter's Five Forces |
3.5 India Physical Security Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 India Physical Security Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
3.7 India Physical Security Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 India Physical Security Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing concerns over security threats and terrorism |
4.2.2 Implementation of strict government regulations and guidelines for physical security |
4.2.3 Rising adoption of advanced technologies like AI, IoT, and cloud-based solutions in the security sector |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with physical security systems |
4.3.2 Lack of awareness and skilled professionals in the field of physical security |
4.3.3 Concerns regarding data privacy and security breaches |
5 India Physical Security Market Trends |
6 India Physical Security Market, By Types |
6.1 India Physical Security Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Physical Security Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 India Physical Security Market Revenues & Volume, By Systems (PACS, PSIM, PIAM, Video Surveillance, Fire and Life Safety), 2021-2031F |
6.1.4 India Physical Security Market Revenues & Volume, By Services, 2021-2031F |
6.2 India Physical Security Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 India Physical Security Market Revenues & Volume, By BFSI, 2021-2031F |
6.2.3 India Physical Security Market Revenues & Volume, By Government, 2021-2031F |
6.2.4 India Physical Security Market Revenues & Volume, By Retail, 2021-2031F |
6.2.5 India Physical Security Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.6 India Physical Security Market Revenues & Volume, By Residential, 2021-2031F |
6.2.7 India Physical Security Market Revenues & Volume, By Telecom and IT, 2021-2031F |
6.3 India Physical Security Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 India Physical Security Market Revenues & Volume, By SMEs, 2021-2031F |
6.3.3 India Physical Security Market Revenues & Volume, By Large Enterprises, 2021-2031F |
7 India Physical Security Market Import-Export Trade Statistics |
7.1 India Physical Security Market Export to Major Countries |
7.2 India Physical Security Market Imports from Major Countries |
8 India Physical Security Market Key Performance Indicators |
8.1 Percentage increase in the adoption of AI-powered security solutions |
8.2 Number of physical security incidents prevented or mitigated using advanced technologies |
8.3 Growth in the demand for integrated physical security systems |
8.4 Percentage increase in the investment in cybersecurity measures for physical security systems |
8.5 Number of physical security certifications obtained by professionals in the industry |
9 India Physical Security Market - Opportunity Assessment |
9.1 India Physical Security Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 India Physical Security Market Opportunity Assessment, By Vertical, 2021 & 2031F |
9.3 India Physical Security Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 India Physical Security Market - Competitive Landscape |
10.1 India Physical Security Market Revenue Share, By Companies, 2024 |
10.2 India Physical Security Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |