School and Campus Security Market: Technological Advancements

Posted by Sakshi Mishra on December 26th, 2020

Market Research Future (MRFR) has published a research report about the global school and campus security market that surmises the massive boost for this market between 2017 and 2023, with 19.7% CAGR (Compound Annual Growth Rate). Providing detailed analysis of the market structure, this report offers insights into factors affecting the market growth. Analyzing the current market size, this report evaluates the possible scenario regarding the market growth and future potential of the market. Providing the strategic profiling of competitors, this report analyzes their core competencies in order to draw a competitive landscape for the market. Lastly, the report tracks and analyzes competitive developments such as joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances.

The global school and campus security market has been segmented into types, hardware, software, and lastly region. By types, this market has been segmented into access control, fire protection, and video surveillance. Schools and campuses have access control systems that perform authorization, authentication, identification,  access approval, and accountability of entities via login credentials that include biometric scans, electronic keys, passwords, personal identification numbers (PINs), and physical keys. Nowadays, there are locking systems in which access granted when two keys are inserted into two different key slots at the same time. Fire protection system includes facilities for preventing fire-related disasters. This includes heat sensors and sprinkler systems. Video surveillance is defined as supervision of a premise via closed-circuit cameras, the feed from cameras being broadcast on a screen in the boardroom.

On the basis of hardware, the market has been segmented into camera, monitor, encoder, and recorder. Based on software, the market segmentation covers service management, video analytics, video management, and others. Software help the conversion of video from one format to another.

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The regional segmentation of global school and campus security market has been segmented into regions namely North America, Europe, Asia Pacific and rest of the world (RoW). Among all regional markets, North America holds the largest share of the global market. Due to increased adoption of new technological solutions, increasing demand for security concerns and increasing investment in infrastructure in North American schools and universities, USA and Canada are the biggest markets for school and campus security in North America, followed by remaining countries in North America. The market is growing due to increases in education security that is now a part of educational building construction expenditures. Regular security upgradation, development of innovative devices like internet protocol (IP) video surveillance camera and decreased product prices are enhancing the market.

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Sakshi Mishra

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Sakshi Mishra
Joined: September 30th, 2020
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