26/06/2018

Factors Favouring Demand for Private Security Services in India



  1. Low police to people ratio-India's police to people ratio is not very favourable. Hence, it has directly created a demand for an alternative source of security service. To cater to the shortage of government security personnel in the form of policemen, there has been a rise in the demand for private security services.
  2. Global terrorism/Crime - People have started feeling unsafe and insecure due to the increase in the number of terrorist activities around the country. Increase in crime rate in India is also one of the factors that has led to a rise in demand for private security services.
  3. Increase in the number of public events - In India, the number of instances of public events have also witnessed a significant growth, creating a direct need for the private security services in the form of crowd management and security.
  4. Increased concern for personal safety - With the increase in the high income level category, there has been a direct growth in the need for private security services. More people have started feeling the need of increased escort services, home guards and personal guards.
  5. Potential for increase in security advisory services - There is a potential for the Indian security industry to enter into security advisory services which shall include travel and event security, risk management and crisis management services.
  6. Growing Urbanization - Construction services require a lot of security services primarily manned guarding. Construction services require a lot of security services primarily manned guarding.

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