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School physical security spending to top $1.1 billion within 4 years

from THE Journal

Annual school expenditures on surveillance and access control systems will reach more than $1.1 billion by 2018. According to a recent forecast from market research firm TechNavio, the total global market will grow at a five-year compound annual rate of 14.3 percent through 2018, with 2014 expenditures expected to hit about $563 million. Much of that growth is being driven by K-12 schools and higher education institutions in the United States, though K-12 schools are the larger of the two groups when it comes to expenditures on physical security systems. more

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