India Electronic Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022-2027)

The India Electronic Security Market is segmented by Type (Solution and Services), and End-User Vertical (Government, Commercial and Industrial)

Market Snapshot

Market Snapshot
Study Period: 2020-2027
Base Year: 2021
CAGR: 24.37 %

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Market Overview

India's Electronic Security Market was valued at USD 1.32 billion in 2021 and is expected to reach USD 4.90 billion by 2027, at a CAGR of 24.37% over the forecast period. Electronic security systems are made of electronic devices and embedded technology to develop safety measures to protect physical assets and individuals, which are helpful in various fields to deny unauthorized access. It facilitates security operations such as surveillance, access control, alarming, or intrusion control.

  • With rising urbanization and crime rate, there is an increasing demand for e-security solutions and services across the country. Smart city projects and large infrastructure developments are now adopting electronics security solutions across India.
  • Increased use of cameras by the law enforcement agencies, advanced analytics like AI to enable facial recognition, thermal scanning, and monitoring, and a surge in the number of residential as well as commercial buildings along with the development of smart cities, are driving the growth of the market.
  • The ongoing digitization and the ever-increasing deployment of video surveillance systems are further catalyzing the market growth. The biggest factor driving the industry growth has been the recent innovations in surveillance, security, and network offerings, gradually reducing the costs of specialized products and increasing their overall effectiveness.
  • India is focusing on ambitious and innovative programs such as the Smart Cities Mission, which aims to eliminate infrastructural bottlenecks, minimize friction in operations, and promote a healthy urban environment. Moreover, to stimulate the transport infrastructure, the government has also allocated INR 233,083 crore in the Union Budget 2021, and all these new infrastructures would deploy video cameras, which would augment the market's growth.
  • Rapid installation of access control systems across defense and commercial sectors and investment of various private and government entities in such solutions have boosted the growth of the market. However, a lack of knowledge regarding the benefits of advanced security solutions and high prices for installment at workplaces are challenging.
  • In December 2021, Sashastra Seema Bal (SSB) and the Ministry of Electronics and Information Technology (MeitY) jointly launched the Hackathon DRISHTI, an initiative to develop low-cost solutions to improve border security and illegal intrusion with the help of surveillance. The SSB invited several Indian start-ups to provide solutions in any data format and surveil the Indian borders to achieve this technology. Start-ups like iVIS, Staqu, Videonetics, Innefu Labs, and FaceTagr are such start-ups used by state governments for surveillance.
  • The state governments in India are increasingly adopting video surveillance equipment to improve security and safety. With the increasing emphasis on smart cities and integrated security surveillance, many states have incorporated advanced video surveillance solutions in their cities. For instance, the Telangana government is primarily focusing on improving surveillance on the streets to upgrade Hyderabad's safety. Telangana state has more than 600,000 cameras, with most of them in the capital, Hyderabad.

Scope of the Report

The market tracks the revenue accrued from the sales of the electronic software solution (Video Surveillance, Access Control, and Intrusion Detection and Alarms), along with services (installation and Integration, Maintenance and Support) offered by various vendors operating in the studied market. The impact of COVID-19 has also been considered for current market estimation and future growth projection.

By Type
By Solution
Video Surveillance (IP & Analog)
Access Control
Intrusion Detection And Alarms
By Services
Installation And Integration
Maintenance And Support
By End-User Vertical
Commercial And Industrial
Other End-User Verticals

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Key Market Trends

Surveillance Security System is Expected to Hold Major Share

  • The state governments in India are increasingly adopting video surveillance equipment to improve security and safety. With the increasing emphasis on smart cities and integrated security surveillance, many cities have incorporated advanced video surveillance solutions in their region. Terrorism is undoubtedly another major issue in India, primarily due to the numerous terrorist attacks over the last twenty-five years.
  • For instance, the Telangana government primarily focuses on improving surveillance on the streets to upgrade Hyderabad’s safety. It asked enterprises, the public sectors, residential associations, and individuals to install closed-circuit television cameras (CCTVs) in and around their premises.
  • The surveillance and security boom in India is fed by several companies, ranging from homegrown firms, such as CP Plus, to joint ventures, such as Prama Hikvision, to multinationals, such as Bosch, Panasonic, Honeywell, and Axis. For instance, the Telangana project, helped Sweden-based Axis Communications widen its base in the Indian market. It has already installed 1,500 cameras, and more cameras are expected to be installed soon.
  • The safety of women is a significant concern in India, and video surveillance technology can help bolster the cause of women's safety. Hence, the Indian government focusing on steadily increasing the number of CCTV cameras in cities. Mumbai has one of the highest numbers of CCTV cameras installed in public places, with more than 4,717 CCTV cameras being installed across 1,510 locations on major crossings and roads.
  • Such instances related to security foster the growth of vendors offering video surveillance backed by AI-driven video analytics systems, which require less manual intervention and leverage the growth of the video surveillance market.
Cities With Most Surveilled Cameras

Government is Expected to Drive the Market

  • The state governments in India are spending on initiatives to make their respective states more secure. The development of smart cities is one of the vital segments of infrastructural developments, with the application of surveillance systems, alarming systems, and access controls.
  • The government has increased the outlay for the digital India program by 23 % to INR 3,958 crore for the 2020-2021 year. The increase has been mainly focused on account incentives to be given for electronic manufacturing, research, and development, cybersecurity, and promotion of IT and IT-enabled services.
  • For the local and state governments, security is a top priority. Government buildings are subjected to homeland security regulations, which may mean restricting entry. Access control systems can verify employees and limit access to departments and confidential information while maintaining public access to other areas.
  • In India, as part of imposing more restrictions on the visitors to the secretariat, the government decided to develop an access control system at all the entrances to the secretariat complex. The government has given sanction to the project costing INR 1.95 crore to be implemented by Keltron, with technical assistance from Kochi Metro Rail Ltd.
  • In the defense sector, video surveillance has diverse applications, such as monitoring remote areas for human movement, coast guard vessels, offshore missile platforms, and perimeter security. Technological developments have led to the development of unmanned airborne surveillance systems or drones.
  • For instance, to boost the Indian Army's defense and surveillance systems used on the border, in recent years, Defence Research & Development Organization (DRDO) developed robust technology-enabled surveillance equipment called Video and Image Processing Enhancement and Recognition System (VIPERS).
Cities With Most Surveillance Cameras

Competitive Landscape

With the declining product cost, there is a rise in the entry of the players offering the product observed. Additionally, the lack of differentiation in the product offerings made the vendors adopt competitive pricing strategies. Hence, due to the presence of many players, the market trend is toward fragmentation.

  • September 2021 -Bosch's Intrusion Control Panels (B and G Series) were integrated withLENSEC'ss Perspective Video Management Software (PVMS). This new partnership would allow security operators to manage intrusion, fire, and access control systems while monitoring video surveillance cameras behind one pane of glass.
  • February 2021 - IDEMIA, one of the prominent players in augmented identity solutions, partnered with the Federal Bank Limited in India to improve their existing access control and employee management systems with contactless biometric access control.

Recent Developments

  • March 2022 - Vihaan Networks Ltd (VNL) launched their Border Intrusion Detection System for border protection globally. In addition, VNL also provides a wide range of solutions for tactical communications, wireless signal intelligence, surveillance, and reconnaissance solutions.
  • September 2021 - Bosch Security, expanded its product portfolio by the Flexidome IP 8000i family with new indoor cameras that will enable installers to work smarter and faster. This newly innovated camera brings next-level starlight X and HDR X for enhanced image quality and saves valuable time with easy installation and remote commissioning.

Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study


    1. 2.1 Research Framework

    2. 2.2 Secondary Research

    3. 2.3 Primary Research

    4. 2.4 Data Triangulation & Insight Generation



    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Assessment of the Impact of COVID-19 on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Increasing Number Of Smart City Investments In The Country

      2. 5.1.2 Rising Security Concerns

    2. 5.2 Market Challenge/Restraint

      1. 5.2.1 Compliance and Governance Issues


    1. 6.1 By Type

      1. 6.1.1 By Solution

        1. Video Surveillance (IP & Analog)

        2. Access Control

        3. Intrusion Detection And Alarms

      2. 6.1.2 By Services

        1. Installation And Integration

        2. Maintenance And Support

    2. 6.2 By End-User Vertical

      1. 6.2.1 Government

      2. 6.2.2 Commercial And Industrial

      3. 6.2.3 Other End-User Verticals


    1. 7.1 Company Profiles

      1. 7.1.1 Sis Limited

      2. 7.1.2 Zicom Electronic Security Systems Ltd

      3. 7.1.3 Honeywell International Inc.

      4. 7.1.4 Eurovigil Security Systems (eureka Forbes)

      5. 7.1.5 Securitas Inc.

      6. 7.1.6 Bosch Security Systems India

      7. 7.1.7 Dahua Technology India Pvt. Ltd

      8. 7.1.8 Godrej Security Solution

    2. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The India Electronic Security Market market is studied from 2020 - 2027.

The India Electronic Security Market is growing at a CAGR of 24.37% over the next 5 years.

SIS Limited, Zicom Electronic Security Systems Ltd., Honeywell International Inc.​, Eurovigil Security Systems​, Securitas, Inc.​ are the major companies operating in India Electronic Security Market.

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