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Homeland Security And Emergency Management Market size was valued at USD 672.34 billion in 2019 and is poised to grow from USD 721.29 billion in 2023 to USD 1357.61 billion by 2031, growing at a CAGR of 7.28% in the forecast period (2024-2031).

The Homeland Security and Emergency Management market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability. 'Lockheed Martin Corporation', 'Raytheon Company', 'General Dynamics Corporation', 'BAE Systems plc', 'Thales Group', 'Safran S.A.', 'Honeywell International Inc.', 'Elbit Systems Ltd.', 'FLIR Systems, Inc.', 'Northrop Grumman Corporation', 'Motorola Solutions, Inc.', 'Siemens AG', 'IBM Corporation', 'Cisco Systems, Inc.', 'Hewlett Packard Enterprise Co.', 'Intel Corporation', 'L3Harris Technologies, Inc.', 'Cubic Corporation', 'Booz Allen Hamilton Inc.', 'Leidos Holdings, Inc.'

The military sector is becoming more concerned about emergency circumstances due to the increased instability in the world caused by terrorist acts and criminal activity. These action plans outline how to handle pressing circumstances like accidents involving hazardous materials, chemical attacks, civil unrest, or even deliberate attacks like those involving explosives, toxic industrial chemicals, biological agents, localised pandemics, radiological, and nuclear weapons. An act of releasing dangerous bacteria, viruses, poisons, or other human-modified organisms that endanger humans and infrastructure is known as a biohazardous assault or bioterrorism. 

Big Data is Still a Major Driver of AI and Machine Learning: A significant volume of data, both organized and unstructured, that cannot be directly stored in a database after sufficient data processing is referred to as big data. 

According to the results of our research methodology, North America accounted for the greatest market share for emergency management and homeland security in 2022. The homeland security emergency management organisation claims that in recent years, the United States has invested in improving its naval, ground, and aerial assets. Additionally, the expansion of the market in the United States is being fueled by the presence of important manufacturers like Northrop Grumman Corporation, Raytheon Company, and Lockheed Martin Corporation. In the case of Canada, the region's market expansion is being driven by the increased use of cutting-edge technology for battlefield management and growing demand for communication systems.

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Homeland Security and Emergency Management Market

Product ID: SQMIG45H2023