Product ID: SQMIG45J2122
Report ID:
SQMIG45J2122 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
101 |
Figures:
80
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 primary driver fueling the growth of the homeland security market is the rise in cyberattack threats against the information and technology industries and recent significant damages. In addition, it is anticipated that increasing instances of terrorist attacks, border conflicts, illegal immigration, smuggling, human trafficking, and the occurrence of multiple natural disasters would propel the expansion of the homeland security market. Demand is anticipated to increase as a result of terrorist threats and a number of government attempts to contain growing cross-border insurgency. Additionally, rising drug trafficking, human trafficking, and illegal immigration are pressuring governments in numerous nations to make significant investments in the acquisition of homeland security systems.
Moreover, growing concerns about public safety, particularly in urban areas, have led to increased investments in technologies and solutions that enhance situational awareness, emergency response, and disaster management. This drives the demand for homeland security solutions. Also, facilitating safe international trade and travel is crucial for economic growth. Governments invest in security measures at airports, seaports, and border checkpoints to ensure the safety and efficiency of trade and travel, driving the growth of the market.
US Homeland Security Market is poised to grow at a sustainable CAGR for the next forecast year.
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Product ID: SQMIG45J2122