School and Campus Security Market Current Status and Future Prospects
School and Campus Security Market is expected to generate a market value of USD 8.85 billion by 2030 growing at a CAGR of 19.6%.
Shraddha Nevase
Industry Insight
According to the latest report presented by Market Research Future amid COVID 19 situation has revealed that global School And Campus Security Market might bolster with a valuation of USD 8.85 Billion by the end of 2030. This could be gained if the market grows at a pace of 19.6% CAGR. The growth period has been calculated from 2022-2030.
Top Impacting Factors
The worldwide school and campus security market is mainly driven by the result of the increasing number of attacks on the school. Schools have been soft targets by terrorists for mass shootings and other fatal incidents in the past decade. This has led to the fixing of technologically advanced security systems in schools and campuses to curtail the risk of such attacks and also provide suitable security solutions. These factors have been mostly affected by the market’s growth across the world.
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School and campus security is an important aspect of ensuring the safety and well-being of students, faculty, and staff on school and college campuses. Campus security measures may include security cameras, access control systems, trained security personnel, emergency response plans, and communication systems. Additionally, schools and colleges may provide safety education and training to students and staff on topics such as emergency response, personal safety, and crime prevention.
Many schools and colleges work closely with local law enforcement agencies to ensure effective security measures are in place. Additionally, organizations such as the Department of Education, the Virginia Center for School and Campus Safety, and the Illinois School and Campus Safety Program provide resources and support for schools and colleges to implement effective security measures and stay up-to-date on safety best practices.
It's important to note that school and campus security is not just about preventing crime, but also about promoting a safe and welcoming environment where everyone can learn and thrive. Schools and colleges should strive to balance effective security measures with creating an inclusive and supportive campus community.
The preface of cost-effective security systems is also propelling the growth of the market. The augmented investments in infrastructure have been fuelling the growth of the school and campus security market. Other factors such as thefts, vandalism and intrusion are also likely to motivate the demand for school and campus security in the forecast period. Government regulations to enhance the security levels are mainly impacting the school and campus security market positively in today’s time. These factors collectively are likely to impact the growth of the school and campus security market positively during the forecast period.
Further, in research, MRFR finds that most schools in the US and Europe have implemented some level of security measures, but most are high-tech security solutions. As the U.S. market is already relatively mature and constitutes the largest share of the world market, the global School & Campus Security market might grow at a sensible rate. At this point, Homeland Security Research Corp. predicts that the Global School & Campus Security Market will grow at a high stroke in the coming time, mainly after the impact of Coronavirus pandemic. This might take the market to the next level of valuation.
Furthermore, the implementation of diverse access control solutions such as tracker, biometric and card-based authentication within the premises are also supposed to propel the growth of the market. On the contrary, the factor of privacy concerns is what hindering the growth of the school and campus security system market in the future.
Leading Segments
Global level analysis of the global school campus security market is done for segment by type, hardware & software.
The type segment has included access control, fire protection, video surveillance and others.
The hardware segment has included a camera, monitor, recorder and encoder.
The software segment has included video analytics, service management, video management and others.
Leading Regions
As per current trends, it has been observed that there has been mounting focus towards the installation of high definition (HD) video surveillance cameras. The school and campus security vendors are continually introducing products in a cost effective way. All these developments are witnessed in the Asia-Pacific region. This region is expected to offer one of the fastest-growing markets for the school and campus security market as a result of the increasing security concerns in the region owing to rising criminal attacks.
North-America grabbed the largest market share in the global school and security market, owing to surged adoption of new technological solutions, escalating demand for security concerns and rising investment in infrastructure in schools and universities. The U.S. and Canada contribute mostly to school and campus security market, mainly owing to surge in education security expenditure which benefits the escalating security up gradation and grows competition in creating innovative products such as IP video surveillance camera and the falling product prices.
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Top Industry Players
The top industry players in the global school and campus security market are listed as A & T Network System. (India), Cisco Systems Inc (U.S.), Honeywell Security Group (U.S.), Axis Communications (Sweden), Pelco Products Inc (U.S.), Genetec Inc. TM. (Canada), Plustek Inc (U.S.), Apollo Video Technology (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd (China), Bosch Security Systems Inc. (U.S) and SEICO Security (U.S.).
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