India Security Market Size & Outlook, 2023-2030

The security market in India is expected to reach a projected revenue of US$ 16,694.6 million by 2030. A compound annual growth rate of 11.9% is expected of India security market from 2024 to 2030.
Revenue, 2023 (US$M)
$7,604.5
Forecast, 2030 (US$M)
$16,694.6
CAGR, 2024 - 2030
11.9%
Report Coverage
India

India security market highlights

  • The India security market generated a revenue of USD 7,604.5 million in 2023 and is expected to reach USD 16,694.6 million by 2030.
  • The India market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
  • In terms of segment, system was the largest revenue generating component in 2023.
  • Service is the most lucrative component segment registering the fastest growth during the forecast period.


Security market data book summary

Market revenue in 2023USD 7,604.5 million
Market revenue in 2030USD 16,694.6 million
Growth rate11.9% (CAGR from 2023 to 2030)
Largest segmentSystem
Fastest growing segmentService
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSystem, Service


Other key industry trends

  • In terms of revenue, India accounted for 5.8% of the global security market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China security market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 16,694.6 million by 2030.

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Security Market Companies

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India security market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to security market will help companies and investors design strategic landscapes.


System was the largest segment with a revenue share of 80.5% in 2023. Horizon Databook has segmented the India security market based on system, service covering the revenue growth of each sub-segment from 2017 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the India security market , including forecasts for subscribers. This country databook contains high-level insights into India security market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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India security market size, by component, 2017-2030 (US$M)

India Security Market Outlook Share, 2023 & 2030 (US$M)

India security market size, by component, 2017-2030 (US$M)

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