Education Security Market Size (2024 - 2029)

Education Security Market Analysis

The Education Security Market size is estimated at USD 0.81 billion in 2024, and is expected to reach USD 1.42 billion by 2029, growing at a CAGR of 11.96% during the forecast period (2024-2029).

• Security systems are designed to protect students and teachers from diseases, fires, harassment, theft, aggression, and attacks from internal and external forces. More security spending is needed to develop technology innovation in education facilities. Video surveillance systems are affordable and provide real-time information. In case of significant security incidents, these solutions alert the nearer law enforcement offices to protect students and staff and handle routine discipline issues.

• Significant differences in the structure of educational establishments in different countries affect the approach and support for violence prevention and intervention. Substantial differences also exist in the level of student and teacher learning standards, quality of teaching, support for teachers, and infrastructure across countries with development, poverty, or underdeveloped status. Moreover, the increase in the market for education safety is driven by a variety of security systems and services.

• Moreover, the education sector has witnessed a significant transformation in recent years, driven by the increased awareness of the need for robust security measures in schools, colleges, and universities. With safety becoming a top priority, educational institutions increasingly use advanced security solutions to protect students, staff, and property. In addition, the growing government aid to boost education security growth and the increasing expansion of infrastructure are set to strengthen the security systems and significantly contribute to the market's growth during the forecast period.

• For instance, in February 2024, the University of Georgia announced new campus security measures worth USD 7.3 million. The package includes a 20% budget increase for the police department to increase officer recruitment and retention through more competitive salaries. The package also includes additional security cameras and lighting, additional license plate readers, and the implementation of a Blue Light Call System.

• Procurement costs and privacy concerns related to public surveillance significantly restrain the growth of the Education Security Market. The market is expected to overcome these challenges only by implementing a well-balanced approach.

• The pandemic had a negative impact on the market, with several education institutions shut down globally. However, in the recovery, education security served additional purposes, and in the post-COVID-19 environment, the demand for automated solutions in education security has risen. The growing construction of education facilities globally to recover from the impact of COVID-19 is analyzed to positively impact the market growth rate during the forecast period.

Education Security Industry Segmentation

The education security market tracks revenue from security services across education facilities globally. The primary drivers include increasing demand for real-time surveillance and growing demand for cost-effective security solutions and significant infrastructure developments.

The education security market is segmented by services (guarding, pre-employment screening, security consulting, systems integration & management, alarm monitoring services, and other security services), facilities (primary & secondary facilities, higher education facilities, and other educational facilities), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.