The Homeland Security and Emergency Management Market greater threats and hazards, government laws and mandates, technological improvements, increased public and private sector collaboration, greater awareness and readiness, events and incidents, and economic considerations are the primary market drivers boosting market growth.
The SNS Insider report indicates that Homeland Security and Emergency Management Market was valued at USD 759.93 Billion in 2022, and it is projected to achieve a market size of USD 1257 Billion by 2030, with a compound annual growth rate (CAGR) of 6.5% expected over the forecast period from 2023 to 2030.
Get a Sample Report of Homeland Security and Emergency Management Market@ https://www.snsinsider.com/sample-request/1294
Market Overview
The Homeland Security and Emergency Management Market is extremely fragmented, with several providers offering a wide range of equipment to various organizations and end-users. Companies’ brand value helps them acquire contracts or instructions from governments or national security agencies, making new entrants into the market difficult. Furthermore, the development of new equipment and technology for improved identification of hostile entities at borders, airports, marine patrol, or cyber networks is expected to assist enterprises in gaining new consumers and expanding their geographic presence.
Major Key Players Included are:
– Raytheon Company
– Northrop Grumman
– Leidos
– IBM
– FLIR Systems
– Thales Group
– General Dynamics
– Unisys
– Elbit Systems Ltd., and other players.
Market Analysis
The growing acquisition of upgraded security systems for intercepting the threat of terrorist attacks has been driving the market. This tendency is expected to continue during the projected period in the Homeland Security and Emergency Management Market. Increased spending in airport, seaport, and border security, as well as customs and border development immigration services are propelling the sector forward. (On the other hand, cyber risks are rapidly increasing as digitalization accelerates. This is expected to drive governments throughout the world to tighten their cyber security in order to defend their government and commercial sector IT systems organizations.
Growth Factors
- The ongoing danger of terrorism, cyberattacks, and natural disasters has driven governments and businesses to invest in advanced Homeland Security and Emergency Managementsolutions in order to secure key infrastructure and respond effectively to a variety of threats.
- Technological Progress Artificial intelligence (AI), big data analytics, machine learning, and sophisticated communication systems, among other cutting-edge technology, have significantly increased the efficacy of security and emergency management tasks. These advancements enhance hazard detection, risk assessment, and response coordination.
- Concerns About Cybersecurity because cyber threats are becoming more sophisticated, there is a rising emphasis on cybersecurity in the Homeland Security and Emergency Managementsectors. Protecting vital infrastructure and data from hackers is a primary issue, prompting investments in cutting-edge technology.
Segmentation Analysis
By Component:
– Sensors, surveillance systems, and communication devices are examples of hardware.
– Software solutions such as event management systems, cybersecurity software, and data analytics tools are examples of software solutions.
– Professional services, consulting, training, and managed security and emergency management are all available.
By Application:
– Border and Immigration Control: Border security, immigration management, and customs control technologies.
– Energy, transportation, communication, and other critical infrastructure solutions are examples of critical infrastructure protection.
Market Segmentation & Sub-segmentation included are:
by Application
– Military
– Homeland Security
– Cyber Protection
– Commercial
– Emergency Management
by Component
– System
– Services
by Platform
– Land
– Maritime
– Airborne
– Space
by Installation Base
– Fixed Command Centers
– Deployable Command Centers
by Installation
– New Installation
– Upgrade
Key Regional Development
Europe has the second-largest market share in Homeland Security and Emergency Management. Demand for Homeland Security and Emergency Management is likely to rise throughout the review period as European homeland security agencies increase their deployment of sophisticated equipment for intelligence, surveillance, and reconnaissance operations. Furthermore, the German Homeland Security and Emergency Management Market had the greatest market share, while the UK Homeland Security and Emergency Management Market was the European region’s fastest expanding market.
Key Takeaway
– Persistent Security Concerns: Terrorism, cybercrime, and natural disasters are forcing governments and corporations to invest in sophisticated solutions to secure vital infrastructure and respond effectively to new threats.
– Technological Advancements: Artificial intelligence, big data analytics, machine learning, and IoT are altering the industry. These innovations improve danger detection, risk assessment, and response coordination.
– Smart Cities and IoT Integration: Smart cities and IoT device and sensor integration give real-time data for decision-making, situational awareness, and efficient emergency response.
– The sophistication of cyber threats has resulted in a major emphasis on cybersecurity across the Homeland Security and Emergency Management sectors. A primary goal is to protect vital infrastructure and data against hackers.
Recent Developments
February 2020: BAE Systems was granted a USD 212 million contract by the US Navy’s Naval Air Warfare Center Aircraft Division (NAWCAD) to integrate the latter’s critical communication systems.
January 2020: Raytheon was granted a USD 197 million contract by the US Air Force to create a ground system for gathering and interpreting information from missile warning satellites.
Table of Contents – Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- COVID-19 Impact Analysis
- Impact of Ukraine- Russia war
- Impact of ongoing Recession
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Homeland Security and Emergency Management Market, by Application
- Homeland Security and Emergency Management Market, by Component
- Homeland Security and Emergency Management Market, by Platform
- Homeland Security and Emergency Management Market, by Installation Base
- Homeland Security and Emergency Management Market, by Installation
- Regional Analysis
- Company Profiles
- Competitive Landscape
- Conclusion
About US:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
Contact Us:
Akash Anand – Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com/