Security Services Industry Trends in India
The private security service industry in India has now become an important sector. Many private security service companies provide limitless services to their customer in safeguarding the property, people, money, etc., of the clients.
The services include manpower services, housekeeping, security system, cash management, Facilities management, etc., The need for security arrangements of industrial complexes, offices, IT parks and other public infrastructures such as airports, metro stations, shopping malls and public utilities has grown manifold.
In India all the security service company use Protection System to identify the crimes. They use five different ways in protection system which are, CCTV, Access, Door Intercom, Intrusion and Others. This is done to maintain a high-visibility presence to deter illegal and inappropriate actions, observing (either directly, through patrols, or by watching alarm systems or video cameras) for signs of crime, fire or disorder; then taking action to minimize damage (example: warning and escorting trespassers off property) and reporting any incidents to their client and emergency services as appropriate. Security officers are generally uniformed to represent their lawful authority on private property.
The Indian integrated security industry has been broadly classified into:
Manned guarding is the largest segment in the security space and is a human resource intensive segment. It provides security for premises and individuals. Activities under the umbrella of manned guarding include surveillance and protection of real estate properties including industrial, commercial and infrastructure facilities, security checks, crowd (event) management among others.
Cash services are a growing segment considering the stringent requirements of safety of money from the principal employers. The activities under this umbrella include provision of secured logistics for cash and other valuables from banks and other corporate entities. While there are specialized cash services players, this segment is primarily dominated by the organized players who provide manned guarding services.
Electronic security services have vast scope for growth, though currently they are significantly small in comparison to manned guarding. They are primarily catered by large international OEMs and building solutions provider. Security service companies provide electronic security services and are also involved in installation, monitoring and maintenance.