Global Homeland Security Market size is projected to be valued $479 Billion by 2024; with a CAGR of 6.2% from 2017 to 2025. The homeland security offer products and services related to border security, aviation security, and cyber security, among others. Homeland security provide reliable security against cyber scam provide recognition and defense capabilities against CBRN threats. Various factors such as piracy, drug trade, cross border terrorism, threat of cybercrime, internal dissent, and separatist would fuel the growth of homeland security market in the coming years.
The major factors supporting growth of the global homeland security market includes increasing risk of terrorist attack, increasing IT modernization, use of technology in defense, and the increasing cases of cybercrime and another cyber scam. On the other hand, high price of these products and lack of trained workforce and labors for operating these services are expected to restrict or slow down the growth of the homeland security market. Moreover, mounting need for information security and other data base in public and private sector organization including railways, utilities, IT, energy, military, telecommunication and others is expected to create frequent opportunities and breaks for the homeland security market.
The global homeland security market has been segmented by type, and geography. By type segment, the market is categorized into aviation security, maritime security, border security, critical infrastructure security, cyber security, CBRN security, mass transit security and others.
By geography, the global homeland security market is segmented into North America, Europe, Asia-Pacific, and Rest of the world (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. Rest of the World covers South America, Middle East, and Africa.
The key players in the global homeland security markets are Northrop Grumman Corporation, Unisys Corporation, Finmeccanica spA, Harris Corporation, IBM Corporation, General Dynamics Corporation, L-3 Communications Holdings, Inc., and SAIC, among others.
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Scope of the Global Homeland Security Market