The Private Security industry is growing at an enviable pace all over the World, and India is no exception. Fueled by the rapid economic growth, India’s private security industry has added over a million new jobs in the last couple of years.

The industry in India has grown by over 20% every year in the last decade, emerging as a sunrise sector. According to reports/studies by ASSOCHAM, NSDC, SSSDC, Private Security Associations, the security sector employs more than 7 million people and will continue to grow at @ 20% every year in the next decade. Taking a conservative estimate of 10% growth every year, the sector would generate additional jobs for over 500,000 people every year.

However, with the increasing threat perceptions, the demand for security professionals will change from the present untrained, unscreened, and underpaid resources to highly trained and specialized professionals who can contribute to making the environment safe and secure for our families, our assets, and our organizations.

Overview of Industry Shifts

• Job Creation at the Base: As per the industry estimates, 70% of the additional jobs will be generated at the bottom of the pyramid, i.e., Security Guards.

• Mandatory Training: With the implementation of the PSAR Act 2005, training and certification have been made mandatory not only for new/fresh manpower but also for the manpower already deployed.

• Shift in Demand: From the present deployment of untrained manpower, demand for trained and specialized manpower will increase as the sector becomes more organized.

• Standardization via NOS: Implementation of the National Occupational Standards (NOS) framework in Security Training and skill development means it is widely believed that companies who would be able to source and train manpower would gain considerable advantage to sustain & expand their business, as sourcing skilled manpower in the extensive & specialized field of private security would become a huge bottleneck in the future.