On December 27, 2018, according to a research from CRISIL, the compound annual growth rate (CAGR) of security-service SMEs would be at 18-20% over the next 2 financial years.
i. Security-service SMEs consist of 60-65 per cent of market share and have shown the similar growth rate of 18-20% for the past 3 financial years.
ii. The growth would be determined by the following factors:
1.Infrastructure development,
3.The growing incidence of crime and terrorism, and
4.The low police to population ratio.
iii. In terms of infrastructure development, the CAGR is at 5% for the past 3 years (calendar years 2015 to 2018) and would be the same for the next3 years.
iv. Also, more than three-fourths of the SMEs in the industry are present in the manned guarding segment.
v. Other segments, such as cash management services and electronic security services constitute 25-30% of the pie.
♦ Headquarters: Mumbai.