School Campus Security Market Summary
As per Market Research Future Analysis, the School and Campus Security market is poised for significant growth, expanding from USD 3.00 billion in 2024 to USD 12.58 billion by 2032, reflecting a robust CAGR of 19.60% during the forecast period. The market was valued at USD 2.51 billion in 2023, driven by increasing demand for real-time surveillance, cost-effective security systems, and infrastructure improvements. The rise in security concerns among school administrators and parents, coupled with government regulations, is further propelling market growth. The market is characterized by a diverse range of security products and services aimed at protecting educational institutions from various threats, including theft and violence.
Key Market Trends & Highlights
Key trends driving the School and Campus Security market include advancements in technology and heightened security concerns.
- Market size in 2024: USD 3.00 billion; projected to reach USD 12.58 billion by 2032.
- CAGR during forecast period (2024-2032): 19.60%; market valued at USD 2.51 billion in 2023.
- North America held 45.80% market share in 2022; U.S. market is the largest.
- Video surveillance segment dominated the market in 2022, driven by the need for evidence in criminal activities.
Market Size & Forecast
2024 Market Size | USD 3.00 billion |
2032 Market Size | USD 12.58 billion |
CAGR | 19.60% |
Major Players
Major players include Cisco Systems Inc, Honeywell Security Group, Pelco Products Inc, Plustek Inc, Axis Communications, Genetec Inc., Apollo Video Technology, Hangzhou Hikvision Digital Technology Co., Ltd, A & T Network System, Bosch Security Systems Inc., and SEICO Security.