The Homeland Security And Emergency Management Global Market Report 2023 by The Business Research Company, provides homeland security and emergency management market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Homeland Security And Emergency Management Global Market Report 2023, the market size is expected to grow from$654.39 billion in 2022 to $705.55 billion in 2023 at a compound annual growth rate (CAGR) of 7.82%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the homeland security and emergency management market is expected to reach $897.55 billion in 2027 at a CAGR of 6.20%.
The growing threat of terrorist activities is significantly contributing to the growth of the homeland security and emergency management market. Homeland security refers to the collective endeavour 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 homeland security market growth.
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The homeland security and emergency management market is segmented:
1) By Technology: AI Based Solutions, Blockchain Solutions, C2 Solutions, Thermal Imaging Technology, Facial Recognition Cameras
2) By Vertical: Homeland Security, Emergency Management
3) By End User: Maritime Security, Aviation Security, Cyber Security, Border Security, Risk And Emergency Services, Law Enforcement And Intelligence Gathering
Technological advancement is a key trend in the homeland security and emergency management market. Major companies operating in the homeland security sector are concentrating on developing new technological solutions to strengthen their position in the market. The market has witnessed the use of advanced technology, including artificial intelligence and machine learning, which incorporate functions such as face recognition, fifth-generation network technology, and chemical and biological detection to identify threats and provide suggestive action. For instance, in July 2022, Darktrace, a UK-based information technology company specialising in cyber-defence, launched PREVENT. PREVENT is a networked collection of AI technologies that provide proactive cyber security to aid enterprises in preventing upcoming cyberattacks. Through a constant feedback loop, the AI capabilities collaborate autonomously to improve the level of security within an organization.
The homeland security and emergency management market report table of contents includes:
1. Executive Summary
2. Homeland Security And Emergency Management Market Characteristics
3. Homeland Security And Emergency Management Market Trends And Strategies
4. Homeland Security And Emergency Management Market – Macro Economic Scenario
5. Homeland Security And Emergency Management Market Size And Growth
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26. Africa Homeland Security And Emergency Management Market
27. Homeland Security And Emergency Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Homeland Security And Emergency Management Market
29. Homeland Security And Emergency Management Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- General Dynamics Corporation
- Elbit Systems Ltd
- Northrop Grumman Corporation
- Thales Group
- Raytheon Technologies Corporation
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