The
role of the school and campus security is to enhance a secure and
open environment wherein maintaining the safety is of prime
importance. In the recent past, there has been an increasing focus on
the part of school authorities to improve upon the security measures.
The
school
and campus security market can be segmented on the basis of type,
components and geography. Based on type, the market can be
categorized into IP based video surveillance and analog video
surveillance. On the basis of components, the market can be segmented
into two categories; hardware and software. The hardware category can
be further segmented into monitors, encoders, cameras, storage and
recorders. In addition, the software category can be further
segmented into services, video management systems (VMS), and video
analytics. The market on the basis of geography has been divided into
North America, Europe, Asia Pacific, Middle East and Africa and Latin
America.
The
school and campus security market is mainly driven as a result of
the increasing number of attacks on schools. Schools are constantly
being held as soft targets by the terrorists and criminals. This has
led to the installation of technologically advanced security systems
in schools and campuses in order to minimize the risk of such attacks
and also provide proper security solutions. The introduction of
cost-effective security systems is also propelling the growth of the
market.
Moreover, increased investments in infrastructure is also
fuelling the growth of the school and campus security market. Factors
such as thefts, vandalism and intrusion are also expected to drive
the demand for school and campus security during the forecast period.
Government regulations pertaining to enhance the security levels are
also impacting the school and campus security market positively.
These factors collectively are expected to impact the growth of
school and campus security market positively during the forecast
period from 2015 to 2023.
However,
a major restraint obstructing the growth of the school and campus
security market is the high cost involved in the procurement of
security solutions and thus the budget constraint often leads the
end-users to opt for alternatives that are cheaper. Moreover, the
privacy concerns involved in public surveillance is also affecting
the market for school and campus security negatively.
As
per recent trends it has been observed that there has been an
increasing focus towards the installation of high definition (HD)
video surveillance cameras. Moreover, the vendors of school and
campus security are constantly introducing products that are cost
effective. The Asia-Pacific region is expected to offer one of the
fastest growing markets for the school and campus security market as
a result of the growing security concerns in the region due to
increasing criminal attacks.
Some
of the key players operating in the school and campus security
market are Bosch Security Systems Inc., HikVision Digital Technology
Co., Honeywell Security Group, Cisco Systems Inc, Pelco Inc., Genetec
Inc., Axis Communications AB, Plustek Technology Inc., Apollo Video
Technology, March Networks, SEICO Security and A & T Network
System among others.
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