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The college security industry was valued at $3.1 billion in 2021

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After the high-profile mass shooting in Uvalde, Texas, where 19 students and two teachers were killed, many politicians who’re against stricter gun laws have been calling for “hardening” U.S. schools.

President Joe Biden signed rare, bipartisan laws to deal with gun violence late last month. The law provides $1 billion in funding for schools to cite “create protected and healthy learning environments for all students” in addition to a further $300 million to go toward training and equipment that might help during a threat of violence.

The private security industry that focuses specifically on the education sector had projected revenue of $3.1 billion in 2021 and is anticipated to grow by greater than 8% annually on average, in response to research and consulting firm Omdia.

Nevertheless, these estimates only take a look at the businesses that provide technology that helps control who enters a college, similar to cameras and electronic locks.

The Department of Justice, Department of Education and the Department of Homeland Security on the federal level each have programs that provide grant money to highschool districts for security upgrades. The Department of Justice has awarded greater than $410 million in grants through the programs created under the STOP School Violence Act of 2018.

Security experts warn that the grant programs to assist secure schools might not be sufficient.

“We have gone into schools where they’ve had a one-time shot-in-the-arm funding through a grant or a college board allocation for putting in additional cameras, for instance, and we go in three or 4 years later, the cameras aren’t working,” said Ken Trump, president of National School Safety and Security Services. Trump isn’t related to former President Donald Trump.

“They haven’t any budget at the college or school district level for maintenance, repair, alternative,” Trump added. “Yet, there’s this facade, this security theater that they made school safer when, in point of fact, a variety of the technology and equipment isn’t getting used.”

On top of inconsistent funding for schools to purchase these services, the demand from parents and faculty districts also tends to ebb and flow based on news events.

This sporadic demand is affecting industry growth. Relating to firms that provide security equipment and services to regulate who can access the constructing, the expansion rates can vary from 5% to fifteen% depending on what number of shootings took place in a given 12 months, in response to Omdia.

Watch the video above to learn in regards to the growing school security industry, what fortification measures schools are taking and the way much it costs.

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