Homeland Security Market Poised to Grow at a CAGR of 5.2% by 2024
Infinium Global Research has added a new report on Homeland
Security Market. The report presents analysis of global as well as
regional markets of homeland security market over the period of 2016 to 2024.
Homeland Security works in the civilian sphere to protect the
states within an outside its borders. Its stated goal is to prepare for,
prevent, and respond to domestic emergencies particularly terrorism. The main
objective of the homeland security is to secure country’s borders, airports,
seaports and waterways research and develop the latest security technologies
and other critical infrastructure and respond to natural disasters or
terrorists acts and analyze intelligence.
Rising risk of terrorist attack, use of immigration related in
defense and increasing cases of cybercrime and another cyber fraud are the
factors driving the growth of the homeland security market. Additionally,
government initiatives to prevent territorial and cross-border wars fuels the
growth of the homeland security market. Moreover, number of smuggling and
trafficking cases has increased therefore protective measures such as homeland
security products and the government to safeguard the interests of the country are
adopting these systems. Thus, this factor has significantly influenced the
growth of the market.
On the other hand, lack
of skills workforce and high cost of security products are anticipated to
hamper the growth of the homeland security systems market over the forecast
period. Moreover, need for information security and database in public and
private sector organizations including railways, energy, military and
telecommunication have opened several doors of opportunities for the key
players in the homeland security market.
Among the geographies, North America is anticipated to be the
leading region in the homeland security market followed by Asia Pacific region
due to huge expenditure in the defense segment and technological advancements.
Additionally, growth for homeland security products for countering terrorist
threats is anticipated to show a profitable growth in the European regions. On
the other hand, emerging countries such as India and china are anticipated to
drive the regional growth over the upcoming years. Probably in India safety,
concerns regarding terrorist attacks have encouraged the central government to
highly focus on the country’s security and defense infrastructure. Furthermore,
cyber security is anticipated to be the fastest growing segment owing to the
regions such as North America and Europe that are heavily investing in the
cyber defenses, which in turn is driving the growth of homeland security,
Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global homeland security market but also make strategic decisions to capture
the most lucrative markets in the near future.
The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
Get 15% discount for
early purchase of global homeland security market report by clicking the
following link, Use code IGRD15 to request the discount in the given form
The recent report identified that North America dominated the
global homeland security market over the last couple of years, while emerging
markets of Asia-Pacific and Latin America are anticipated to contribute
significantly to the growth in the homeland security market worldwide.
The report segments the global homeland security market on the
basis of type and End-user.
Global Homeland Security Market by Type
Critical Infrastructure Security
Mass Transport Security
Global Homeland Security Market by End-user
Companies Profiled in the Report
About Infinium Global Research
Infinium Global Research is a business intelligence company
that provides its clients with market information services, solutions, and
reports. The intelligence reports include qualitative as well as quantitative
information, which are blended using forecasting models in order to project
future market demand. Our panels of Subject Matter Experts (SMEs), Analysts,
and Consultants use numerous data gathering tools in order to provide you with
detailed information on the market as well as a preview of its projected
growth. Our repository includes the largest and most credible databases,
through which we determine various qualitative and quantitative parameters of
the market to provide you with an in-depth business intelligence report.
Infinium Global Research reports and consulting services cover
numerous sectors, which include healthcare, chemicals, materials, energy,
packaged goods, food and beverages, technology, and communications. These
reports provide readers with market insights and detailed analysis of market
segments to possible micro levels. Our reports, with stratified research
methodology and wider scope of analysis, provide clients with crucial insights
and information to meet their every requirement.