Overview and Scope
The homeland security refers to a program that focuses on recovery from and mitigation of all emergencies and disasters. The central aim of the homeland security program is to equip people to respond to and be effective in the event of a local, statewide, or national disaster and emergencies.
Sizing and Forecast
The homeland security market size has grown strongly in recent years. It will grow from $483.21 billion in 2023 to $521.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to terrorist threats, cybersecurity concerns, border security, natural disasters, geopolitical tensions, government investments in infrastructure.
The homeland security market size is expected to see strong growth in the next few years. It will grow to $696.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to global health security, climate change impact, international collaboration, critical infrastructure protection, data privacy and ethicspolitical and social instability. Major trends in the forecast period include cybersecurity dominance, ai and machine learning integration, biometric technologies, border security upgrades, public-private partnerships.
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Segmentation & Regional Insights
The homeland security market covered in this report is segmented –
1) By Type: Border Security, Aviation Security, Maritime Security, Critical Infrastructure Security, Cyber Security, Mass Transport Security, Law Enforcement, Cbrn (Chemical,Biological, Radiological And Nuclear) Security, Other Type (First Responders, Counter Terror Intelligence,C3i,And Pipeline Security)
2) By Technology: Recognition And Surveillance Systems, AI-based Solutions, Security Platforms, Other Technology (CBRN Solutions and Communication Platforms)
3) By End-User: Public Sector, Private Sector
North America was the largest region in the homeland security market in 2023. The regions covered in the homeland security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Rising cases of terrorist attacks are expected to propel the growth of the homeland security market going forward. Homeland security refers to the collective endeavor to guarantee that the homeland is safe, secure, and resilient against terrorism and the increasing threat of terrorist activities is expected to propel the global homeland security market growth. For instance, according to 2023 ‘Global Terrorism Index’ report, terrorist attacks became more deadly in 2022, killing on average 1.7 people per attack in 2022 compared to 1.3 deaths per attack in 2021. The information provided illustrates the damaging effects of terrorism on the world’s people and economy, supporting the need for homeland security measures to be put in place everywhere. Therefore, growing threat of terrorist activities is expected to propel the growth of the homeland security market.
Key Industry Players
Major players in the homeland security market are focusing on using artificial intelligence to enhance the security. AI is employed in homeland security for threat detection, predictive analytics, and decision support, enhancing the ability to analyze vast datasets and improve the overall effectiveness of security measures. For instance, in April 2023, the Department of Homeland Security (DHS), a cabinet department of the United States federal government responsible for public security, established a new task force focused to artificial intelligence (AI) and declared a 90-day sprint to address People’s Republic of China (PRC) threats. The AI task group is intended to assist DHS in grappling with the offensive and defensive security implications of fast expanding AI technology. It will drive specific AI applications to advance critical homeland security missions, such as incorporating AI into efforts to improve the integrity of supply chains and the broader trade environment, and using AI to more effectively screen cargo and detect the importation of goods produced with forced labor. The task group will also focus on how to “responsibly” employ and manage any artificial intelligence capabilities integrated into departmental operations.
The homeland security market report table of contents includes:
1. Executive Summary
2. Homeland Security And Emergency Management Market Characteristics
3. Homeland Security And Emergency Management Market Trends And Strategies
4. Homeland Security And Emergency Management Market – Macro Economic Scenario
5. Global Homeland Security And Emergency Management Market Size and Growth
….
31. Global Homeland Security And Emergency Management Market Competitive Benchmarking
32. Global Homeland Security And Emergency Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Homeland Security And Emergency Management Market
34. Homeland Security And Emergency Management Market Future Outlook and Potential Analysis
35. Appendix
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