Global Homeland Security Market

Global Homeland Security Market Size, Share, Growth Analysis, By Type(Border security, aviation security), By Technology(Recognition and surveillance systems, AI-based solutions), By End-User(Public sector and private sector) - Industry Forecast 2024-2031


Report ID: SQMIG45J2122 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 101 | Figures: 80

Global Homeland Security Market Dynamics

Homeland Security Market Drivers

Increasing government efforts to preserve the country from civil wars and cross-border conflicts

  • Cross-border conflicts and civil wars are on the rise across the world. Nation-to-nation border disputes are a result of expansionism, terrorism, and the ownership of natural resources, among other factors. While political discontent and territorial disputes are the main causes of civil wars. Several governments are taking major measures to contain these disputes, and as a result, they are investing significantly in the nation's homeland security.

Increasing instances of smuggling and trafficking around the world to propel the market

  • In addition to other factors, trafficking, and smuggling are contributing to an increase in criminal activity worldwide. Smuggling and trafficking include illegal human immigration, human smuggling, and drug trafficking, which is the global anti-social menace that is expanding at the quickest rate. This is a result of a number of global issues, including the ongoing economic crises in countries like Afghanistan, Pakistan, and Iraq and the protracted poverty in countries like Botswana, Namibia, Mozambique, Paraguay, and Uruguay.

Homeland Security Market Restraints

Action plans for disaster management are given little priority

  • A state, a neighborhood, or a country's political climate can be profoundly impacted by man-made or natural disasters and their effects. Following a disaster, participation, and coordination at all levels of government are required to establish broad priorities as well as recovery-related goals. Though there is a slow response to operations due to the involvement of various politicians, which further delays the implementation of incident management technologies. Therefore, during the course of the forecast period, this factor is anticipated to restrain the expansion of the worldwide homeland security market.
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FAQs

Global Homeland Security Market size was valued at USD 0.57 trillion in 2022 and is expected to grow from USD 0.62 trillion in 2023 to USD 1.24 trillion by 2031, at a CAGR of 9.00% during the forecast period (2024-2031).

The market for homeland security on a worldwide scale is very competitive. This is related to the continual R&D activities and launches of new technologies by value chain participants. Additionally, major businesses are implementing a variety of corporate expansion methods in order to increase their footprint on a regional and international scale. 'Lockheed Martin Corporation (US)', 'Raytheon Company (US)', 'Northrop Grumman Corporation (US)', 'Thales Group (France)', 'IBM (US)', 'FLIR Systems, Inc. (US)', 'BAE Systems (UK)', 'General Dynamics Information Technology, Inc. (US)', 'Unisys (US)', 'Elbit Systems Ltd. (Israel)', 'SAIC (US)', 'Harris Corporation (US)', 'Boeing (US)', 'Leido (US)', 'CACI International Inc. (USA)', 'Ernst & Young Global Limited (UK)', 'IBM Corporation (US)', 'Accenture (Ireland)', 'Atos SE (France)', 'Deloitte Touche Tohmatsu Limited (UK)', 'KPMG International Cooperative (Netherlands)', 'PwC (UK)', 'Booz Allen Hamilton Inc. (US)', 'Honeywell International Inc. (US)'

Cross-border conflicts and civil wars are on the rise across the world. Nation-to-nation border disputes are a result of expansionism, terrorism, and the ownership of natural resources, among other factors. While political discontent and territorial disputes are the main causes of civil wars. Several governments are taking major measures to contain these disputes, and as a result, they are investing significantly in the nation's homeland security.

Social networking's widespread use and the development of information technology offer countless advantages in both the home and workplace. However, these benefits might also cause issues with various cyber exploitation concerns. Across national and international boundaries, Advances in Cyber Security brings together the expertise of cyber security specialists from academia, government, and industry to provide ways and means that protect and preserve the cyberspace ecosystem.

North America dominated global homeland security market. As a result of the numerous military modernization and improvement programs planned in the region, North America is among the regions expected to experience significant growth. Additionally, it is anticipated that increased investments by the nations in this region to strengthen national security against a variety of threats will encourage the development of advanced instruments in the region.

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Global Homeland Security Market

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