Homeland Security Market

Global Homeland Security Market is valued at USD 541.84 Billion in 2021 and expected to reach USD 798.72 Billion by 2028 with a CAGR of 5.7% over the forecast period.

Global Homeland Security Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing cases of smuggling and trafficking, rising number of cyber-attacks, and growing technological advancements are some of the major factors driving the growth of the Global Homeland Security Market.

Scope of Global Homeland Security Market

Homeland security is a national security agency that protects the country from terrorist attacks and responds in a coordinated manner in the event of a major emergency. Homeland security refers to the various security measures used primarily in the civil sector to ensure optimal protection for the citizens of any country. Homeland Security uses weapons, cameras, radar, thermal imaging equipment, and metal, explosives, and radiation detectors to identify anti-social threats. There are different types of homeland security and these are maritime security, border security, aviation security, critical infrastructure security, mass transport security, cyber security, CBRN security, law enforcement, and others. Radios, strategic headsets, satellite assistive devices, and various access control systems, such as biometric readers, and modeling and simulation systems are also used to communicate and offer enhanced security. These measures apply everywhere in public spaces, defense establishments, railways, and the military.

The Covid-19 pandemic has also impacted the growth of the global homeland security market. Outbreaks appear to be exacerbated by the rapid adoption of online operating systems, which has led to increased demand for cyber security. Also, the Coronavirus pandemic impacted the regional government bodies to redirect their homeland security assets to the healthcare sector to battle the virus's rapid spread. However, the reduction in the production volume across the aerospace & defence industry impacted the demand for homeland security systems.

The global homeland security market is segmented based on the type, technology, end-user, and region & country level. Based on product type, the global homeland security market is segmented into maritime security, border security, aviation security, critical infrastructure security, mass transport security, cyber security, CBRN (Chemical, biological, radiological, and nuclear) security, law enforcement, and others. By technology, the global homeland security market is segmented into recognition & surveillance systems, security platforms, AI-based solutions, and others. By end-user, the global homeland security market is segmented into the private sector and public sector.

The regions covered in the global homeland security market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global homeland security is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Key Players of Global Homeland Security Market

Some major key players for the global homeland security market report cover prominent players like

• General Dynamics Corporation
• L-3 Communications Holding Inc.
• Raytheon Company
• Safran SA
• Thales SA
• Unisys Corporation
• Megal Security Systems Ltd
• Harris Corporation
• Elbit Systems Ltd
• FLIR Systems Inc
• others.

Homeland Security Segmentation

By Type

• Maritime Security
• Border Security
• Aviation Security
• Critical Infrastructure Security
• Mass Transport Security
• Cyber Security
• CBRN (Chemical, biological, radiological, and nuclear) security
• Law Enforcement
• Others

By Technology:

• Recognition and Surveillance Systems
• Security Platforms
• AI-based Solutions
• Others

By End-User:

• Private Sector
• Public Sector

News-

US Homeland Security Dept Launched IAM tools comp

On May 20^th, 2022; The U.S. Department of Homeland Security launched a new competition in technology to find the best identity management applications to strengthen the future security of our nation. Working through its Homeland Security Technology Consortium (HSTech), which is responsible for the rapid tracking of collaborative technology innovations, the department has teamed up with non-profit tech funding facilitator Tech Connect to find the best IAM application.

Dept. of Homeland Security Launched 'Hack DHS' Program

On December 16^th, 2021; The Department of Homeland Security announced the launch checked security researchers invited to the event has able to access "Select External DHS System" to identify errors that attackers may exploit. Hackers have been rewarded for bugs found; However, DHS did not share any details about their compensation. "Hack DHS", a new bug bounty program designed to identify potential security vulnerabilities in specific DHS systems.

Increasing Cases of Smuggling and Trafficking, Rising Number of Cyber-Attacks, and Growing Number of Technological Advancements are Some of the Major Factors Driving the Market Growth

One of the major factors driving the growth of the homeland security market is the increasing cases of smuggling and trafficking. Political instability, militarism, civil unrest, internal armed conflict, and natural disasters can lead to an increase in smuggling. Population instability and displacement increase their vulnerability to exploitation and abuse through trafficking and forced labor. Smuggling and trafficking, including drug trafficking, human trafficking, and illegal human migration, is one of the fastest-growing anti-social threats worldwide. For instance; according to Polaris Project, in 2020, 10,583 cases of human trafficking were reported on the U.S. National Human Trafficking Hotline, including 16,658 individual victims. The growing incidences of human trafficking is expected to drive the growth of the global homeland security market as the products and services available in the market help to identify and counter this threat.

In addition, the rising number of cyber-attacks is also boosting the growth of the homeland security market. The delicate information in various fields like financial organizations critical defense data, and theft of public data from government records lead to high financial and social expenses for the internal security of a nation or an organization. The threat of cyber-attacks has expanded the adoption of cyber security solutions like basic foundation security, antivirus programs, application security, encryption programs, firewalls, network security, and cloud security, driving the development of the homeland security market. For instance, according to Cyber Talk, on March 14^th, 2022; in 2021, more than 84% of all cyber-attacks were delivered via e-mail. This is a big increase compared to 2019 when “only” 64% of all cyber-attacks were sent via e-mail. As more people access e-mail using their mobile phones, more hackers expect to take advantage of this attack vector.

Moreover, the growing number of technological advancements is also supplementing the market growth. However, the high-priced products and services associated with homeland security may hinder the growth of the global homeland security market. Despite that, increasing demand for information security and technological developments may create more opportunities for the further growth of the global homeland security market.

North America is Expected to Capture a Major Share in the Global Homeland Security Market

Geographically, North America is expected to capture a major share in the global homeland security market within the forecast period due to the increasing number of data threats; rising technological advancements and growing focus on the modernization of existing homeland security in this region. The growing need for cyber security measures to secure their operations in both the private and public sectors as well as to prevent criminal and illegal activities is expected to drive the market. For example; as per the article published by government technology on August 29^th, 2022, the first half of 2022 found 817 data compromises in the U.S., a 4% decline contrasted with the similar period in 2021, a record year for data breaches, exposures, and holes. Also, the rising technological advancement is also augumenting the market growth. For instance; as per the news published, on December 8^th, 2020; DHS S&T launched a hacking for a homeland security program to drive innovation across the department. Moreover, the growing focus on the modernization of existing homeland security is also boosting the growth of the market in this region.

The Asia Pacific is the fastest-growing region in the global homeland security market due to the increasing number of cyber-attacks; rising demand for homeland security and the presence of key players in this region. For instance; according to South Asia Monitor; in 2019, India faced about 400,000 cyber-attacks under the supervision of the Indian Computer Emergency Response Team (CERT-In).

By Regional & Country Level

North America

• U.S.
• Canada

Europe

• U.K
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 541.84 Billion
Base year considered	2021
Forecast Period CAGR %:	5.7%
Market Size Expected in 2028:	USD 798.72 Billion
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	General Dynamics Corporation, L-3 Communications Holding Inc., Raytheon Company, Safran SA, Thales SA, Unisys Corporation, Megal Security Systems Ltd., Harris Corporation, Elbit Systems Ltd., FLIR Systems Inc., and others.
Segments Covered	By Type, By Technology, By End-User.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa