Security In Schools Market size to grow by USD 3.43 billion from 2022 to 2027; Growth Driven by Increasing Concerns about Student and Staff Safety- Technavio

NEW YORK, Nov. 13, 2023 /PRNewswire/ -- The security in schools market by application (elementary school and high schools), type (video surveillance, access control, fire protection, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the security in schools market from 2022 to 2027 is USD 3.43 billion. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Increasing concerns about student and staff safety is a key factor driving market growth. In response to alarming increases in shootings, violence, emergencies, and other incidents, educators are focusing on enforcing strict safety measures. Modern security measures such as controls on access and response to emergency plans are also part of this. Increased investments in state-of-the-art safety systems are also the result of a need for secure learning environments that prevent people from being exposed to possible risks. Hence, these factors are expected to drive market growth during the forecast period. 

Market Challenge 

The availability of limited funding is a significant challenge restricting market growth. The allocation of significant financing resources necessary for the deployment and maintenance of modern security measures is a challenge faced by many higher education institutions. Moreover, to make sure that security solutions can be effectively exploited, continuing financial commitments for maintenance, upgrades, and training of staff are needed. Hence, these factors are expected to restrict market growth during the forecast period.

Learn about additional key drivers, trends, and challenges available with Technavio. Read Sample PDF Report Now

The security in schools market has been segmented by application (elementary school and high schools), type (video surveillance, access control, fire protection, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

• The market share growth by the elementary school segment will be significant during the forecast period.  An example of enhancing security measures is the access control system, video surveillance, and emergency response.  Smart ID cards, for instance, are designed to prevent unauthorized entry.

• North America is estimated to contribute 45% to the growth of the global market during the forecast period. 

View the Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the security in schools market:

Aiphone Corp., ASSA ABLOY AB, AT and T Inc., Canon Inc., Cisco Systems Inc., Delta Electronics Inc., Genetec Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Identiv Inc., Johnson Controls International Plc, Motorola Solutions Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Schneider Electric SE, Seico Inc., Senstar Corp., Vicon Industries Inc., Zhejiang Dahua Technology Co. Ltd., and Zhejiang Uniview Technologies Co. Ltd.

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The cloud security market in the retail sector is estimated to grow at a CAGR of 13.57% between 2022 and 2027. The market size is forecast to increase by USD 4,582.14 million.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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