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School and Campus Security Market Size Leading Growth Drivers, Future Estimation and Market Outlook 2027 | COVID-19 Effects

School and Campus Security Market Size Leading Growth Drivers, Future Estimation and Market Outlook 2027 | COVID-19 Effects

Market Highlights

According to Market Research Future (MRFR) report, the global school and campus security market size will undoubtedly reach nearly USD 2.54 billion before the finish of 2023, timing in a CAGR of 19.7% during the figure time frame (2017-2023).

Drivers and Restraints

The global market for school and campus security is displayed to portray a fantastic development before long. One of the noticeable purposes for the solid development of the market incorporates expanding criminal cases just as expanding security concerns. On that note, observing exercises for recognizing interruption, defacement or burglary matched with traffic reconnaissance and the public authority guidelines making interest for increased security levels are set to fuel the development of the global school and campus security market.

The market development is hampered because of the protection worries for public reconnaissance. Nonetheless, expanding friendliness, just as gambling clubs alongside developing interest for versatile video reconnaissance, are serving the market with a variety of chances, thusly pushing the development of the global school and campus security market.

Industry Trends

Campuses and schools across the globe are currently moving their concentration from manual, tedious lockdown cycles like sending an overseer to lock and open entryways individually. Scarcely any schools and campuses are enabling dispatchers to lock structures from a distance, utilizing the organization naturally. There are other people who are endeavoring to embrace more modern card access control systems. Consequently, the rise of mechanical headways is a famous pattern acquiring critical force in the global school and campus security market.

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The global school and campus security market is segmented on the basis of type, hardware, and software.

Based on type, the market caters to video surveillance, fire protection, access control, and others. Among these, access control segment held the largest market share mostly owing to the increasing urban infrastructure as well as the increasing security threats around the world.

Hardware-dependent segments in the global market include camera, monitor, recorder, and encoder.

Software-wise, the segments in the global school and campus security market are service management, video analytics, video management, and others. Among these, video analytics accounted for the largest market share on account of the massive demand for effective video surveillance and government investments in emerging technologies for enhancing security.

Regional Outlook

The global school and campus security market is split into the key regions of North America, Asia Pacific, Europe and the Rest of the World.

Region-wise, North America captured the largest market share due to increased adoption of new technological solutions, elevated demand for security concerns and growing investment in infrastructure in schools and universities. Countries like the United States (U.S) and Canada are the top contributors to the school and campus security market, mainly due to increasing education security spending that benefits from the educational building construction expenditures, increasing competition in developing innovative products like IP video surveillance camera, augmented security upgradation, and the reducing product prices. The market in Asia Pacific is making similar strides, with continuous technological developments, growing criminal activities and terrorist attacks.

Key Vendors

The main industry vendors in the global school and campus security market are SEICO Security (U.S.), Cisco Systems Inc (U.S.), Honeywell Security Group (U.S.), Bosch Security Systems Inc. (U.S) Hangzhou Hikvision Digital Technology Co. Ltd (China), Axis Communications (Sweden), Pelco Products Inc (U.S.), Genetec Inc. TM. (Canada), Plustek Inc (U.S.), A & T Network System. (India), Apollo Video Technology (U.S.), among others.

Industry Update

January 2019 – The Santa Rosa County School District is in the process of adding closed access control systems to its campuses in order to prevent people from entering a school without permission. The closed access control devices will be used to all the schools in the county. This step was taken as a counter move against the rising shootings across the country, thus tightening the security.

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Global School and Campus Security Market, By Type (Video Surveillance, Access Control, Fire Protection), By Hardware & Software (Camera, Monitor, Recorder, Encoder, Video Analytics) - Forecast 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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