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Private security services industry

admin November 21, 2013

The global private security services industry is estimated to be US$132 billion in 2011 and is expected to grow at a CAGR of 7% to reach US$220 billion by 2019. However, the Indian private security services industry is expected to grow much faster, at 20% over the next few years, and is estimated to grow from INR 365 billion in FY13 to INR 640 billion by FY18. Globally, and in India, manned guarding is the key segment in private security services space followed by cash services.
Manned guarding contributes more than 90% of the private security services industry, and is estimated to employ more than 6 million people. The industry is expected to witness robust growth driven by sustained security threat perception and increase in labor wages according to statutory guidelines.

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