Homeland Security and Emergency Management Market Research Report: Information by Installation Base (Fixed Command Centers and Deployable Command Centers), Component (Solution and Services), Platform (Land, Maritime, Airborne and Space), Application (Military, Homeland Security Cyber Protection and Commercial) and Region (North America, Europe, Asia-Pacific, Middle East Africa and Latin America) - Forecast till 2030

Homeland Security and Emergency Management Market 

Homeland Security and Emergency Management Market Size Anticipated to reach USD 1,181.6 Billion and Grow at a CAGR 5.8% By 2020- 2030.

Homeland security and emergency management agencies are involved in keeping the homeland safe, secure, and resilient against terrorism and other hazards such as riots and natural disasters. It also reduces the vulnerability of the country to terrorism and minimizes the damage from attacks that occur. Terrorism is one of the most dangerous threats globally. As a result, the demand for advanced security systems is increasing by homeland security and emergency management agencies.

Market Synopsis

Global Homeland Security and Emergency Management Industry has witnessed high growth in recent years owing to the increasing need for enhanced situational awareness, increasing investments in homeland security systems, and increasing terrorist attack and border trespassing. However, the high initial investments and vulnerability to cyberattacks are expected to restrain the market growth to some extent.

Market USP

Increasing need to upgrade homeland security systems

Market Drivers

• Increasing terrorist attack and border trespassing: There has been a significant rise in terrorism and terrorism-related fatalities over the past decade. According to the 2017 Global Terrorism Index (GTI) report, from 2006 to 2016, deaths from terrorism increased by 67%. Moreover, there has been a significant increase in border trespassing from the last few years in Asia-Pacific, Europe, and North America. This is expected to drive the growth of the homeland security and emergency management market.

• Increasing need for enhanced situational awareness

• Increasing investments in homeland security systems

Market Restraints

• High initial investments


• Vulnerable to cyberattacks

Segmentation

By Solution

• 
  Systems: The segment accounted for the largest market share and is expected to register the highest CAGR during the forecast period. This is due to the increasing demand for homeland security systems, such as intelligence and surveillance system, detection and monitoring system, weapon system, and communication system for command, control, and improved situational awareness, by homeland security and emergency management agencies globally.

• 
  Service: The service segment includes professional services and managed services. The managed services segment accounted for the largest market share in 2019. Managed services are typically on-going and can cover many aspects of an organization’s security needs.

By End-Use

 Security: The segment dominated the homeland security and emergency management market in 2019. The rising number of terrorist attacks in public spaces across the globe has led to a need to enhance security and protect the civilian population. The governments of various countries are, therefore, investing in advanced security systems.

Critical Infrastructure: The segment is expected to register the highest CAGR during the forecast period. Critical infrastructure includes utilities and industrial and commercial facilities. The demand for advanced security systems to protect these infrastructures is driving the growth of this segment.

By Region