Indiaâ€™s niche electronic security systems market is on the verge of generating a windfall of revenues for the players in this industry. The report attempts at understanding the Indian market for electronic security products and gives an indication to the segments that need to be addressed. Additionally, the report also throws light on the industry characteristics in terms of regional usage, end-user classification and device market share.
Online PR News – 15-May-2010 – – The Indian electronic security equipment market is expected to grow at 25 to 30 percent over the next five to ten years, reveals IndiQuest Research Services.
A study conducted by IndiQuest revealed that the Electronic Security (ES) Device market in India is considered one of the fastest growing segments in the country. The once crÃ¨me de la crÃ¨me service has become a necessity for everyone today. The increasing terrorist activities in the country have compelled government entities, corporates as well as individual citizens to resort to installation of electronic security systems in their respective premises. It is the rapid increase in these set-ups that is expected to contribute to the 25-30 percent growth over the next five to ten years for this sector.
The government has consistenly allocated huge funds for security purposes to combat terrorisim in India primarily in sectors like aviation. In November 2009, the government earmarked a security infrastructure upgradation project for approximatly 100 airports across India at a consolidated project cost ranging between INR 2000-3000 crore. Corporates have become extra sensitive to their security concerns, thereby ensuring proper installation of security devices in their premises. Another prominent reason for the spurt in ES devices is the booming realty sector. With innumerable malls mushrooming in and around the metros, the operating agencies are making consistent efforts to ensure that these places are safe for social gatherings. Interestingly, ES giant Zicom has announced a 76% increase in quarterly consolidated net profit attributed to major business in UAE and India - a trend expected to continue in the current quarter of 2010 as well (as reported in official website).
The sector has also seen a spurt in investments from venture capital and private equity funds over the past two years which has benefitted the electronic security systems industry. Research majors like Ernst & Young have anticipated an enormous hike in investments in this sector over the next three years.
This research report - 'Electronic Security Systems in India' - released by IndiQuest Research Services precisely discusses the aforesaid topics in detail with special focus on the market share of products, market structure, distribution model, pricing and user profile. It also covers various opportunities available in the segment and includes profiles of all operating electronic security providing companies in the Indian market.
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