According
to a new market report published by Transparency Market Research
"Homeland Security Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2013 - 2020," the global
homeland security market was valued at USD 245.72 billion in 2013,
growing at a CAGR of 5.6% from 2014 to 2020 to account for USD 364.44
billion in 2020.
Browse
Report with TOC at
http://www.transparencymarketresearch.com/homeland-security-market.html
The
major factor driving the growth of homeland security market is
several government initiatives undertaken to restrict increasing
terrorist threats and cross border insurgency. In addition, rising
cases of illegal immigration, drug smuggling and human trafficking is
compelling the governments of various countries to invest heavily in
procurement of homeland security products. Growing demand for
products and solutions to tackle increasing risks of cyber attacks is
also contributing to the growth of this market. Moreover, adoption of
unmanned aerial vehicles (UAVs) by various armies for border
surveillance is influencing the growth of this category. Some of the
government initiatives undertaken to enhance homeland security
include Sisfron program undertaken by Brazil, TECS Mod program
undertaken by the U.S., and Project Cytoon undertaken by South Africa
among others.
On
the basis of security type, the homeland security market is
categorized into eight segments namely - aviation security, maritime
security, border security, critical infrastructure security, cyber
security, CBRN security, mass transit security, and others (C3I,
public safety, and counter terror intelligence). Cyber security
segment was the largest segment and accounted for 39.31% market share
globally in 2013. The reason behind is increase in demand for
products and solutions to counter the cyber threats globally. The
cyber security segment is expected to grow at a CAGR of 5.8%.
In
2013, the North America market was the leading regional market for
homeland security market. The dominance of North America is due to
technological advancement and huge expenditure in defense sector.
Replacement of legacy homeland security equipments with modern
high-end devices is also driving the growth of homeland security
market in the region.
The
report provides company market share analysis of the various industry
participants. Key players have also been profiled on the basis of
company overview, financial overview, business strategies, SWOT
analysis, and recent developments in the field of homeland security.
Major market participants profiled in this report include Elbit
Systems Ltd., Finmeccanica S.p.A, FLIR Systems, Inc., General
Dynamics Corporation, Harris Corporation, L-3 Communications
Holdings, Inc., Safran S.A., Thales Group, Magal Security Systems
Ltd., Raytheon Company, Unisys Corporation, and OSI Systems, Inc.
among others.
Homeland
security market: By security type
Aviation
security
Maritime
security
Border
security
Critical
infrastructure security
Cyber
security
CBRN
security
Mass
transit security
Others
Homeland
security market: By geography/Country
North
America
U.S
Canada
Mexico
Europe
U.K
Russia
France
Italy
Germany
Rest
of Europe
Asia
Pacific
China
India
Japan
Rest
of APAC
Rest
of the World
South
America
Middle
East
Africa
Browse
All Defense And Aeronautics Market Research Reports @
http://www.transparencymarketresearch.com/defense-and-aeronautics-market-reports-21.html
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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and analyze information.
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data repository is continuously updated and revised by a team of
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information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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