Last updated on April 17, 2014 at 17:30 EDT

Global Homeland Security Market Worth $544.02 Billion by 2018

February 4, 2013

DALLAS, February 4, 2013 /PRNewswire/ –

According to a new market research report, “Global Homeland Security and Emergency
Management Market, 2013-2018″, published by MarketsandMarkets is expected to reach $544.02
Billion by 2018 with a CARC of 5.54%.

Browse 32 market data tables with 87 figures spread through 175 pages and in-depth TOC
on Global Homeland Security and Emergency Management Market, 2013-2018.


Early buyers will receive 10% customization of reports.

Global homeland security market is estimated to be US$415.53 billion in 2013 and is
expected to register a CARC of 5.54% to reach US$544.02 billion by 2018. The cumulative
market for homeland security during the forecast period is estimated at US$2842.47
billion. However, about 15% of that total is expected to be the capital expenditure.

Homeland security functions to avert any terrorist attacks on the homeland and to
provide resilience in case of an attack. It also has to provide credible security against
cyber fraud and cyber espionage and provide detection and protection capabilities against
CBRN threats.& The threat of cross border terrorism, cybercrime, piracy, drug trade, human
trafficking, internal dissent, separatist movements has been a driving factor for the
homeland security market
[http://www.marketsandmarkets.com/Market-Reports/homeland-security-emergency-management-market-575.html ]

The risk of terrorist attack has led to an increase in aviation security spending. The
illegal arms and drug trafficking and immigration has led to heightened border and seaport
security and has increased the demand for explosive detection 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

In addition to market sizes and forecasts, the report also provides a detailed
analysis of the market trends and factors influencing market growth, offering in-depth
geographic analyses of the Homeland security market in North America, Europe, Asia, Latin
America, Middle East and Africa. The report draws the competitive landscape of the
Homeland security market, providing an in-depth comparative analysis of the technological
and marketing strategies the key players are adopting in order to gain an edge over the
their competitors.

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http://www.marketsandmarkets.com/aerospace-defence-148.html ], pharmaceuticals,
semiconductor and electronics, and telecommunications and IT.

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SOURCE MarketsandMarkets

Source: PR Newswire