The school security industry is valued at $3.1 billion. Watch the video to learn how much it costs to secure schools and why it may not be enough.
"We've gone into schools where they've had a one-time shot-in-the-arm funding through a grant or a school board allocation for putting in additional cameras, for example, and we go in three or four years later, the cameras aren't working," said Ken Trump, president of National School Safety and Security Services. Trump is not related to former President Donald Trump.
"They have no budget at the school or school district level for maintenance, repair, replacement," Trump added. "Yet, there's this facade, this security theater that they made school safer when, in reality, a lot of the technology and equipment is not being used." On top of inconsistent funding for schools to buy these services, the demand from parents and school districts also tends to ebb and flow based on news events.
This sporadic demand is affecting industry growth. When it comes to companies that provide security equipment and services to control who can access the building, the growth rates can vary from 5% to 15% depending on how many shootings took place in a given year, according to Omdia. Watch the video above to learn about the growing school security industry, what fortification measures schools are taking and how much it costs.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The planet’s most threatened flight path, and the $3 billion plan to protect itTwice a year, billions of birds travel thousands of miles around the world to breed and escape winter. But these flyway routes are under threat from human activity, habitat loss and climate change. A $3 billion conservation plan may be their only hope.
Read more »
Hennessey's $3 Million Deep Space Six-Wheeler EV Targets 620-Mile Range And Over 2,000 HP | CarscoopsA full-size prototype of the Hennessey Deep Space will be revealed in the next two years, before the production model arrives in 2026
Read more »
Why Jordan Spieth was disqualified from a pro-am tournament over Fourth of July weekendWhile you were out eating barbeque or enjoying some Fourth of July time with your family on Monday, Jordan Spieth was busy getting disqualified from a pro-am...
Read more »
Your Aquarius July 2022 Horoscope Predictions Are HereFor Aquarius signs, focus on some self-care for the month of July
Read more »
The Christian right is facing some serious credibility issuesReports of abuse at Christian schools and churches a reminder why religious fanatics should not control U.S. policy.
Read more »
Want Better-Quality Sleep? Avoid Doing These 14 Things.You may not even realize how certain habits affect your bedtime zzz's. Here’s what you need to know.
Read more »