U.S. Education Security Product & Service Market to Reach $2.5B, Freedonia Forecasts

Increases in education security spending will benefit from a rebound in educational building construction expenditures.

CLEVELAND – Demand for security products and services in the U.S. education market is expected to rise 3.4% annually to $2.5 billion in 2020, according to a new report by market research firm Freedonia Group.

Increases in education security spending will benefit from a rebound in educational building construction expenditures, as the most significant security upgrades tend to occur when new buildings are constructed or during large-scale remodeling.  Growing competition and innovation among more technologically advanced products – such as IP video surveillance cameras and access control devices – will continue to lead to lower product prices, boosting market penetration rates.

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Marketplace advances oftentimes result from the extensive media coverage of school shootings and other major security breaches. However, gains will slow slightly from the 2010-2015 period as spending continues to moderate following the surge in demand that followed the December 2012 Sandy Hook elementary school shooting.  These and other trends are presented in the report, “Education Security Market.”

The rising use of highly sophisticated and interrelated security systems will support increased spending in a number of related security product and service segments. 

“Such systems require greater attention throughout the planning, implementation, and maintenance stages, leading security consulting and systems integration and management services to see growth well above the market average through 2020,” says Freedonia Analyst Katherine Brink.

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Furthermore, the expanding use of electronic access control systems will promote sales of higher value electrified mechanical locks and other door security hardware, booting value gains in both product segments through the forecast period. 

Various types of educational facilities have different security needs.  For instance, higher education institutions are large, multi-building campuses, often with dorms, labs and large assembly halls. Therefore, security needs tend to be extensive and involve the use of costlier systems. Primary and secondary schools tend to be less intensive users of security products and services on a per facility basis. However, they lead total annual revenue due to the large number of existing facilities, according to the report.

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