India’s security market projected to grow more than 12% during 2024-2032

The 2nd edition of SAFE West India, India’s premier security and fire expo, organised by Informa Markets in India, concluded on a high with 5,000 trade visitors at the Bombay Exhibition Centre in Mumbai on 11 May. The three-day event had offered a platform for industry players, government officials and enthusiasts to converge, innovate, and address the challenges and opportunities in the industrial safety and security sector. 

The expo brought together 75 influential Indian brands specialising in CCTV, surveillance, biometrics, entrance automation, access control, GPS, Wi-Fi routers, RFID, spy cameras, POE switches, power supply, and CCTV cables.

The expo featured a dedicated two-day conference themed ‘Intelligent Security Tech for a Safer Future’ with 40 speakers and 12 insightful sessions. The expo and conference were was supported by prominent associations, including All India Electronics Security Association (AIESA), American Society for Industrial Security (ASIS) Mumbai, Ahmedabad, and Delhi Chapters, Association of System Integrators and Retailers in Technology (ASIRT), Global Association for Corporate Services (GACS) and the International Institute of Security and Safety Management (IISSM).

Ashish P. Dhakan, CEO of Prama Hikvision India, said: “The Indian security market ecosystem is rapidly adopting AI, IoT and cloud based technologies and diverse solutions. The adoption rate for AIoT solutions is growing faster with the awareness of its advantages… These advancements underscore the growing importance of technology in security. Platforms like SAFE West India play a vital role in presenting these innovations and driving industry growth.”

Speaking at the expo, Mr Yogesh Mudras, managing director, Informa Markets in India said: “As India strives to achieve its target of a $5 trillion economy, the government's investment of approximately $30bn in smart city initiatives underscores the growing importance of security and safety infrastructure. Related hardware, including surveillance and safety equipment, communication devices, displays, video surveillance, access control systems, and detectors and sensors incorporating Internet-of-Things technologies, will be in high demand.”