The Homeland Security And Emergency Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Homeland Security And Emergency Management Global Market Report 2024, The homeland security and emergency management market size has grown strongly in recent years. It will grow from $709.58 billion in 2023 to $767.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to global terrorism threats, natural disasters, critical infrastructure protection, increasing urbanization, public safety concerns.
The homeland security and emergency management market size is expected to see strong growth in the next few years. It will grow to $1026.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to climate change impacts, biological threat preparedness, autonomous systems, global health emergencies, critical infrastructure resilience, community engagement and communication.. Major trends in the forecast period include cybersecurity and information sharing, border security and immigration management, public-private partnerships, mobile and cloud-based solutions, counter-terrorism measures, biometric and identity management solutions.
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. For instance, according to OWID (our world in data) statistics, terrorism attacks have killed an average of 21,000 people each year around the world over the decades .Therefore, the growing threat of terrorist activities is expected to propel the growth of the homeland security and emergency management market.
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The homeland security and emergency management market covered in this report 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. Global Homeland Security And Emergency Management Market Size and Growth
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26. South America Homeland Security And Emergency Management Market
27. Brazil Homeland Security And Emergency Management Market
28. Middle East Homeland Security And Emergency Management Market
29. Africa Homeland Security And Emergency Management Market
30. Homeland Security And Emergency Management Market Competitive Landscape And Company Profiles
Top Major Players:
- General Dynamics Corporation
- Elbit Systems Ltd
- Northrop Grumman Corporation
- Thales Group
- Raytheon Technologies Corporation
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