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Homeland Security Market to Reach $544.02 Billion by 2018 at a CARC of 5.54% - New Report by MarketsandMarkets
Date:5/25/2013

ion systems, body scanners and baggage screening systems. The threat of a cyber attack disrupting public and private network and infrastructure has driven the cyber security spending across the past decade. The need for effective identification and security checking and the need to provide access control to critical infrastructure have led to the adaptation biometric and other identification technologies.

The general IT modernization has greatly improved record keeping and coordination of cases across the internal security department and thus has gained wide acceptance across the world and is seen as yet another driver in the homeland security sector. Similarly the need for effective command, control and intelligence apparatus for the first responders has led the need for effective C3I systems. The upgrading of border security and the demand for effective immigration control has fueled the need for biometrics, fixed surveillance devices, and unmanned aerial vehicles.

US and Europe are expected to remain as the main market for homeland security systems and the region has the top industry participants who cater to this sector. The second biggest growth opportunity is from the Asia Pacific region where the growing economies are set to increase their homeland security expenditure. Opportunity also exists in Middle East, followed by Latin America and Africa. Although Asian market especially China’s internal security spending is significantly higher than US, it is of less interest as the market is restricted to western firms.

Scope of the Report

This report analyzes the Global Homeland Security market based on:

  • Homeland security market by value
  • The market share analysis by the various sub-sectors
  • Regional trend analysis and market share
  • In-depth country wise analysis of the Homeland security market according to sub-sectors

In addition to market sizes
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Source: PRWeb
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