Market Research Report
Homeland Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||945270|
|Published||Content info||109 Pages
Delivery time: 2-3 business days
|Homeland Security Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: June 18, 2020||Content info: 109 Pages||
The global homeland security market grew at a CAGR of 6.5% during 2014-2019. Homeland security can be referred to various security solutions employed primarily within the civilian sphere by the government of any country for ensuring optimum protection for its denizens. Homeland security utilizes weapons, cameras, radars, thermal imaging devices and metal, explosives and radiation detectors for identifying anti-social threats. Radios, tactical headsets, satellite assisted equipment and various access control systems, such as biometric readers, and modeling and simulations systems are also used for communications and offering enhanced security. These solutions find application across public spaces, defense establishments, railways and military.
The alarmingly increasing rate of terrorist activities and the growing need for security solutions against criminal activities are the key factors driving the growth of the market. Homeland security solutions provide products and services to both public and private organizations to safeguard their operations and prevent illegal and criminal activities. Furthermore, the implementation of favorable government policies to diminish cross-border insurgencies and promote national security is also providing a boost to the market growth. For instance, homeland security forces are frequently deployed to prevent and control riots, domestic tensions and political unrest. Additionally, the development of technologically advanced weapons and security solutions is creating a positive outlook for the market growth. Security solutions integrated with the cloud, Internet of Things (IoT) and machine learning (ML) are being used to identify threats and take timely action against them. Other factors, including growing concerns for cyber, aviation, maritime and border security and extensive research and development (R&D) activities, are projected to drive the market in the upcoming years. Looking forward, IMARC Group expects the market to continue to exhibit moderate growth during the forecast period.