The global security industry is valued at $120 billion, experiencing an annual growth rate of 8% CAGR until 2030. As security becomes a critical priority for governments, institutions, and the private sector, demand is expected to rise significantly in the coming years, stated Shashank Sambyal, Zonal Head, North & East at Godrej Enterprise, during his speech at the IFSEC India expo organized by Informa Markets in India. "Government regulations, such as Standardisation Testing & Quality Certification (STQC), are reinforcing industry standards to ensure secure data management," he added. M. A. Johar, President of Strategic Business at CP Plus, mentioned, "The CCTV surveillance market in India is currently valued at around ₹9,000 crore, growing at a 30% annual rate. There is tremendous potential for further growth, and Indian brands are receiving increasing global attention as the world turns to India for surveillance solutions."

The integration of AI is transforming the industry by enhancing camera functionality with real-time monitoring, proactive alerts, and data analytics. The demand for cameras is expanding beyond traditional security uses, from homes and businesses to vehicles, driven by the rising popularity of dash cams. Security is becoming an integral part of everyday life," he continued.

The market is still expanding, and the evolving technological landscape will accelerate the widespread adoption of surveillance systems," he further emphasized. Ashish P. Dhakan, MD & CEO of Prama Hikvision India Private Ltd., stated, "AI is not only transforming security but also driving industry automation, allowing cameras to detect product quality issues. With supportive government policies, we expect a 40% growth rate for Indian manufacturers in the coming years.

He was speaking at the 17th edition of IFSEC India, organized by Informa Markets. This three-day event, which began on December 12, will run until December 14 at Pragati Maidan, according to an official statement. As security becomes increasingly vital for governments, institutions, and private sectors, the demand for it is expected to grow significantly in the coming years," he remarked. "While major cities remain at the forefront of adopting advanced security solutions, tier-II and tier-III cities are also becoming key players in driving this demand surge," stated Yogesh Mudras, Managing Director of Informa Markets in India. The Indian CCTV market, valued at $3.98 billion in 2024, is projected to experience an impressive compound annual growth rate (CAGR) of 20.6%, reaching $10.17 billion by 2029. IFSEC India is the ideal platform to present these advancements, helping shape the future of the security landscape and fostering innovation across the sector," he added.

Advanced technologies like AI-driven facial recognition and anomaly detection have revolutionized security systems but also brought new challenges, such as password breaches and exploitation of vulnerabilities. With 35% of critical assets still exposed to cyber threats, it has become crucial to combine strong digital defenses with physical security measures. Innovations such as spider networks, developed by Indian scientists, highlight the country's capability to address these evolving security issues effectively," explained SK Singh, Deputy Commissioner of Police, Delhi Traffic Police, Headquarters & Road Safety.

The event brought together over 300 top security brands, showcasing more than 5,000 products and solutions. The expo displayed cutting-edge CCTV and video surveillance systems, biometrics, RFID, integrated systems, and perimeter security technologies, demonstrating the latest innovations shaping the future of the security industry, the statement concluded.

India's security industry is gaining significant momentum, as demonstrated at the IFSEC India 2024 event, which brought together experts, innovators, and key players in the sector. The three-day expo, held from December 12-14 at Pragati Maidan, New Delhi, highlighted the rapid growth and transformation of the security landscape in India. The global security market, valued at $120 billion, is projected to grow at a compound annual growth rate (CAGR) of 8% until 2030. Experts predict this growth will be mirrored in India's security sector, driven by the increasing need for advanced surveillance, cyber defense, and integrated security solutions across industries. Shashank Sambyal, Zonal Head at Godrej Enterprise, emphasized that the demand for security solutions is poised to surge as governments, businesses, and individuals prioritize safety. He also highlighted the role of regulatory frameworks, such as the Standardisation Testing & Quality Certification (STQC), in strengthening industry standards.

M. A. Johar, President of Strategic Business at CP Plus, shared that India's CCTV surveillance market, valued at approximately ₹9,000 crore, is growing at an impressive 30% annually. Indian brands are gaining international recognition as global demand for surveillance solutions rises. AI integration is a key trend in the sector, enhancing camera functionalities for real-time monitoring, proactive alerts, and data analytics. The demand for cameras has expanded beyond traditional security uses, reaching homes, businesses, and even vehicles.

Ashish P. Dhakan, MD & CEO of Prama Hikvision India, highlighted AI’s role in both security and industry automation, noting how cameras now assist in detecting product quality issues. With favorable government policies, the Indian security industry is expected to see a 40% growth rate in the coming years. The event showcased over 300 security brands and 5,000 products, including advanced CCTV systems, biometrics, and RFID technologies. With the integration of AI, video surveillance, and perimeter security systems, the future of India's security industry looks promising, fostering innovation and technological advancements.