HOMELAND SECURITY AND EMERGENCY MANAGEMENT MARKET TO REACH USD 861.8 BILLION BY 2027 | CAGR 6.2% – FORENCIS RESEARCH

Homeland Security and Emergency Management Market Size, Share, Trends, Growth, Analysis, Research

Global Homeland Security And Emergency Management Market: Key Highlights

  • According to the new market research report Homeland Security And Emergency Management Market by Application (Homeland Security, Emergency Systems), by End User Industry (Border Security, Risk and Emergency Services), by Region (Asia-Pacific, Europe, Middle East and Africa, South America, North America) – Global Forecast (2019 to 2027)”, the global Homeland Security And Emergency Management Market is estimated to reach USD 861.8 Billion by 2027 at a CAGR of around 6.2% during the review period.
  • The homeland security and emergency management consist of the study of all the federal agencies and government that make effort to reduce, prevent, and minimize the damage from human attacks as well as the first responders for man-made events and natural disasters.
  • It is a system taken by the government of each country against various terrorist attacks, cyber-attacks, and many others. Also, the emergency is a type of unplanned event which includes wildfires, severe storms, flooding, earthquake, winter storm, terrorist attacks, and many other situations.

Homeland Security and Emergency Management Market

Global Homeland Security and Emergency Management Market: Key Market Dynamics

  • Continuous developments in wireless communication systems can become an opportunity for homeland security and emergency system market.
  • According to the Global Terrorism Index (GTI), terrorists killed 15,952 people in 2018 across the world. As per the data stated by Salient IT, cyber-attacks are increased by 32% in 2018.
  • For reducing terrorist attacks, the country made new technologies for detecting the explosives, help to protect critical infrastructure, and cyber networks from attack. Hence, increasing terrorist attacks and cyber-attacks can be expected to drive the homeland security and emergency management system market during the forecast period.
  • The increasing the use for mobile and web-based application security solutions by organizations is expected to lead to the growth of the cyber security market.
  • Combination of new technology with existing technology can hinder growth of the market in the forecast period.

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Global Homeland Security and Emergency Management Market: Regional Overview

  • North America

The homeland security and emergency management market in the North American region is projected to witness high demand due to the high production of aircraft in the region. Also, extensive R&D spending in the aerospace & defense industry is likely to propel the demand for aerospace valves in the projected period.

Hence, the new technology may lead to enhance the market growth in the forecast period

  • Europe

With the rapid growth of the aviation and military industries in the region, the demand for homeland security is expected to grow. The ASD in the region represent aeronautics, space, defense and Security Industries to promote and develop the support the comprehensive growth in the sector. The European Committee for Standardization and the European organization of civil aviation equipment have deal a protocol to ensure the technical cooperation and mutual exchange of information in the field of air traffic management (ATM).

Hence, these rapid growth and innovative in the aerospace and defense witness to boost the homeland security and emergency management market in the projected period.

Global Homeland Security and Emergency Management Market: Key Players Overview

  • Thales Group:

The company is provides services for the aerospace industry, defense, and security market and builds electrical system. The company national security system to the state, government and for the homeland authorities to ensure national security and to manage crisis. The company security crisis and large management system is designed for the national, regional or local organizations. Moreover, the company is focusing on digital transformation in defense and security at Defexpo India 2020.

  • Harris Corporation:

Harris Corporation is an American technology company which provide services for electronic system, tactical radios and night vision equipment. The company is one of the global leader communication and informational technology. In 2018, the company had announced VIDA (voice, interoperability, data and access) network system release for the enhancement of security for public safety customers.

However, the company has also enhanced the security for cyber security and malware attack with the help of security update management service (SUMS),

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Rep Id : AnD 048

Published : 2020-02-01