Homeland Security Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Homeland Security Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
— The Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, September 27, 2024 /EINPresswire.com/ — The homeland security market has experienced robust growth in recent years, expanding 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.
What Is The Estimated Market Size Of The Global Homeland Security Market And Its Annual Growth Rate?
The homeland security market is projected to continue its strong growth, reaching $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 ethics political and social instability.
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Growth Driver Of The Homeland Security Market
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 market growth.
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Who Are The Key Players Shaping The Homeland Security Market Trends?
Key players in the market include General Dynamics Corporation, L3Harris Technologies Inc., Leonardo S.p.A., Northrop Grumman Corporation, Thales Group, Unisys Corporation, FLIR Systems Inc., Raytheon Company, Leidos Holdings Inc., Boeing Company, Rafael Advanced Defense Systems Ltd., Elta Systems Ltd., Accenture PLC, Lockheed Martin Corporation, BAE Systems PLC, Elbit Systems ltd., Inter-Con Security Systems Inc., NetCentrics Corporation, Stealth Power, Adams Communication & Engineering Technology, ZeroEyes Inc., Evolv Technology, Uveye Inc., Red Balloon Security Inc., Aptima Inc., VideoRay LLC, Alphacore Inc., City Labs Inc., Fujitsu Limited, FJC Security Services Inc.
What Are The Dominant Trends In Homeland Security Market Growth?
Major players in the 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.
How Is The Global Homeland Security Market 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
Geographical Insights: North America Leading The Homeland Security Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Homeland Security Market Definition
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.
Homeland Security Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global homeland security market report covering trends, opportunities, strategies, and more
The Homeland Security Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on homeland security market size, homeland security market drivers and trends, homeland security market major players and homeland security market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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