Electronic Security In India: 5 Key Trends

Sources indicate that in the last five years, the Indian electronic security equipment industry witnessed a strong growth of over 25% and is expected to grow at 18% in the forthcoming years. It will double its size from ₹8,000 Crore in 2016 to ₹18,000 Crore in 2020.

- Sourabh Gupta

If we consider the market overview of Indian electronic security systems, one can observe that it is now a norm rather than an exception. Like most other industries, the new-age security market has evolved from analog to digital systems. A typical electronic security product portfolio includes systems across intrusion and detection, access controls, surveillance, safety, etc. Sources indicate that in the last five years, the Indian electronic security equipment market industry witnessed a strong growth of over 25% and is expected to grow at 18% in forthcoming years. These will double its size from₹8,000 Crore in 2016 to₹18,000 Crore in 2020.

Organized real estate, growing threat perception and improving value proposition for the customers have been the fundamental growth drivers of the industry in the past decade. Though these drivers will continue to propel the industry, additional trends are expected to bring in fresh prospects for the players, which will help them to continue with the impressive growth streak.

Here is a list of five prominent electronic security trends that all stakeholders need to watch out for.

Technology Evolution 

Moving beyond traditional camera devices, the new-age electronic security market now includes technologies such as sensors, biometrics, real time connectivity, advanced processing software and analytics, which are also opening new application areas.