Published Thu, Nov 30th 2017
Market Research Future published a research report on “School and Campus Security Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global School and Campus Security Market, By Type (Video Surveillance, Access Control, Fire Protection), By Hardware & Software (Camera, Monitor, Recorder, Encoder, Video Analytics) - Forecast 2023
Market Synopsis of Global School and Campus Security Market:
The development of innovative technologies has encouraged the growth of the internet protocol based cameras which is expected boost the school and campus security market over the future.
School and campus security system helps to provide a secure environment where enhancing safety is the main motive. Whereas, primary and secondary schools tend to be less intensive users of security products and services. The factors contributing to the growth of the School and Campus Security Market are the growing security concerns and increasing crime rates.
Also, factors such as observing activities to detect trouble within the premises, increasing need for data management, and increasing awareness of safety measures for students, growing need for regular updates of attendance of students and increasing implementation of government regulations for security in the campuses are expected to boost the market over the forecast period, 2017-2022. The implementation of various access control solutions such as tracker, biometric and card based authentication within the premises are expected to propel the growth of the market. However, privacy concerns are hindering the growth of the school and campus security system market.
Geographically, North-America accounted for the largest market share in the global school and security market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
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The global school and campus security market is expected to reach approximately USD 2.54 billion by the end of 2023 with 19.7% CAGR during forecast period 2017-2023.
For the purpose of this study, Market Research Future has segmented the market of school & campus security into hardware, software and region.
Regional Analysis of School and Campus Security Market
Regionally, North-America accounted for the largest market share, owing to increased adoption of new technological solutions, increasing demand for security concerns and increasing investment in infrastructure in schools and universities. Countries such as U.S. and Canada contributes largely to school and campus security market, majorly due to increasing in education security spending which benefit from the educational building construction expenditures, increasing security upgardation, growing competition in developing innovative products such as IP video surveillance camera and the decreasing product prices.
However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed to technological developments, increasing criminal activities and terrorist attacks.
The key players in the global school and campus security market include- Honeywell Security Group (U.S.), Cisco Systems Inc (U.S.), Pelco Products Inc (U.S.), Axis Communications. (Sweden), Plustek Inc (U.S.), Genetec Inc. TM. (Canada), Hangzhou Hikvision Digital Technology Co.,Ltd (China), Apollo Video Technology (U.S.), A & T Network System. (India), SEICO Security (U.S.), Bosch Security Systems Inc. (U.S) among others.
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Market Research Future Analysis
The global school and campus security market is expected to grow significantly over the forecast period, 2017-2023. Access control segment of school and campus security market globally drives the market majorly due to increasing demand for safety measures from countries such as China and India. The market is expected to have higher growth rate as compared to the previous years.
The report for Global School and Campus Security market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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