Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Manned Guarding - A Promising Market Growing Beyond 'Soft Service' Within the Facilities Management Market in India Notes Frost & Sullivan - Previously seen as a sub-activity in the management of a facility, manned guarding has shown remarkable growth to evolve from simple guarding services to a more professional and formal set up
Manned Guarding - A Promising Market Growing Beyond 'Soft Service' Within the Facilities Management Market in India Notes Frost & Sullivan

 

PRZOOM - /newswire/ - Mumbai, India, 2013/08/12 - Previously seen as a sub-activity in the management of a facility, manned guarding has shown remarkable growth to evolve from simple guarding services to a more professional and formal set up.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Security/Law Enforcement Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

India is one of the fastest, emerging markets for security services. In spite of the growing market for technological solutions such as video surveillance, access control, and perimeter intrusion detection, one cannot rule out the importance of human involvement and presence in securing one's assets and facilities. Hence, the demand for manned guarding has continued to see an upward trend. Private security agencies, besides offering manned guarding services, are also adding services such as cash management solutions, vaulting services, risk assessment and audit of a facility, background checks etc. in their overall service portfolio.

Among the aforementioned services, manned guarding has been one of the promising markets in India. In India, there are close to 15,000 registered private security services agencies, employing an estimated 6 million people. Growing terrorist attacks, involvement in disaster management, security threat for high-net worth and high-profile individuals (business men, industrialists, political leaders, and celebrities), consignment containing cash, and security in airports, retail malls, jewellery stores, offices, manufacturing complexes etc. have demanded the need for security services in India.

The high pace of infrastructure development to catch up with the economic development has also spurred growth of sensitive infrastructure like airports, ports, metro rail, as well as industrial infrastructure like refineries, oil & gas exploration sites, nuclear and thermal power plants. As India continues to build assets, the need to protect its infrastructure using high-tech surveillance and intrusion detection devices supplemented by competent manned guarding is turning out to be the right security solution.

Ensuring safety and security has played and will continue to play a key role in urban design and planning. It results in making the cities competitive and livable besides providing security and well-being to their dwellers. The convergence of information technology (IT) with the safety and security industry means that future "safe" cities will integrate solutions across large urban areas using software, satellites, wireless and other upstream technologies.

The introduction of Private Security Agencies (Regulation) Act brought all private security agencies under government control. The central government drafted the law and state governments were responsible for its implementation and enforcement. The Act was a key driver favouring organized participants by mandating agencies to undergo certain compulsory training to impart professionalism in the market. This ensures that customers receive swift and professional service coupled with advanced command and control solutions.

This industry is also witnessing mergers & acquisitions (M&As) and private equity funding as it turns into a more formal structure than the current fragmented landscape. Entry of global reputed firms and demand for firms with nation-wide base and scale are driving consolidation in this market.

Intensity of competition is high, as facilities management (FM) companies also have their own security guards to secure the premises of residential and commercial complexes. Instead of hiring from outside security agencies, these FM companies employ their own personnel once they bag the FM contract. The need of the hour is to suitably operate and monitor technological systems like fire detection and suppression systems, video surveillance, perimeter intrusion detection, and access control.

Going forward, manned security companies will have to rework their business models and market approach to partner with other industry sectors (for example, Energy, Building Technologies, Security, Information Technology (IT) etc.). While Indian cities may still have a long way to go to deploy "safe" and "smart" concepts, solution architectures and technologies, industry participants must understand this market to better adapt to their respective roles. This industry, in future, will no longer be seen as just a guarding market employing hundreds of security guards, retired service personnel from other central and state security forces. In contrary, it will have to redesign its value creation process to accommodate technological innovation.

The industry has a few challenges to overcome in the Indian context, the first and foremost being the poor training provided by security companies. In matured markets, there are series of training courses that have to be completed by guards in order to become certified. Training related to confronting threats by following proper protocols and making educated decisions before a threat happens is lacking in India. Second, within the manned guarding industry, there is a significant turnover rate, which affects the market. This is due to several factors such a low pay rates, improper understanding the operating environment, poor benefits and compensation packages, and lack of development opportunities to allow employees to grow. Moreover, technological innovation in security applications may decrease the number of security guards needed because of end users recognizing the benefits of incorporating an efficient video surveillance system.

If you are interested to know more on this topic, please send an email to Ravinder Kaur / Priya George, Corporate Communications, at ravinder.kaur[.]frost.com / priyag[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

Manned Guarding and Security Services Market in India is a Market Insight and it is part of the Building Management Technologies Growth Partnership Service program. Frost & Sullivan's related research services include: Select HVAC Products Market in India, Integrated Building Management Systems Market in India, Indian Fire & Safety Products Market and, Indian Facility Management Services (FMS) Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Media Contact:
Nimisha Iyer - Corporate Communications South Asia, Middle East & North Africa
M: +91 98200 50519, P: +91 22 6607 2004 - E: niyer[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Security/Law Enforcement Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Security/Law Enforcement articles,
CATCH Visitors via Your Competitors Announcements!


Manned Guarding - A Promising Market Growing Beyond 'Soft Service' Within the Facilities Management Market in India Notes Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan | Manned Guarding
Contact: Ravinder Kaur / Priya George - Frost.com 
+91 99 40141714 / +91 98 40355432 ravinder.kaur[.]frost.com / priyag[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Security/Law Enforcement via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Security/Law Enforcement Most Recent Related Press Releases:

Beretta Research and Innovation Center to Test New Safety and Security Technology in the U.S
Frost & Sullivan Highlights Scott Safety’s Introduction of Scott Sight - a Unique In-mask Thermal Imaging System for Firefighters
G4S Wins Contract Extension for Canadian Air Transport Security
G4S and Digital Barriers Announce Technology Partnership
FICAM Approved Symmetry Solution
AMAG Technology Symmetry™ Access Control Integrates with G4S RISK360® Incident and Case Management
AMAG Technology Announces Symmetry Blue Reader Range to Support BYOD Environment
AMAG Technology Releases Symmetry CompleteView Video Management System v4.6.2
G4S Cash Solutions Announces Strategic Alliance in ATM Engineering
Beretta Collaborates with McRee Precision on Limited Edition Tikka Rifle

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today