Homeland Security Products Consist of Equipments used for Illegal Activities Worldwide

The global homeland security market is mainly driven by the efforts taken by governments across nations to restrict the increasing terrorist threats and cross-border insurgency. Project Cytoon undertaken by South Africa, the Sisfron Program undertaken by Brazil, and the TECS Mod Program undertaken by the U.S. are some of the government initiatives aimed at enhancing homeland security. The global homeland security market was worth US$245.72 bn in 2013. Expanding at a CAGR of 5.6% during the period between 2014 and 2020, the overall market is expected to be valued at US$364.44 bn by 2020.

Governments Looking at Managed Security Services to Address Looming Threat of Cyber Attacks

Increasing risk of cyber-attacks on government websites has made cyber security the dominant segment of the global homeland security market. Cyber security accounted for a 39.31% market share in 2013 and is projected to expand at a CAGR of 5.8% during the period from 2014 to 2020. The recent cyber-attack on the U.S. government’s Office of Personnel Management led to a security breach, with hackers accessing confidential data. An audit released last month showed that the internal websites used by the U.S. Department of Homeland Security (DHS) are vulnerable to cyber-attacks. The audit further mentioned that the department needs to establish a cyber-training program for analysts and investigators.

Insights of Homeland Security: http://bit.ly/1Tf6ERm

Taking its cue, the U.S. Department of Homeland Security has chosen the month of October as the National Cyber Security Awareness Month. With the federal government’s push to protect agency data from cyber threats, the DHS is looking at managed security services. The agency announced in September 2015 that it had chosen Massachusetts-based Raytheon Co. to help manage potential cyber threats to government websites and plug the loopholes. The contract, worth US$1 bn, points out that the federal government can no longer support its cyber security infrastructure without the help of private entities.

U.S. DHS Awards Contracts to Private Companies for Cyber Security

The U.S. federal government’s inability to keep up with the ever-increasing cyber threats can be attributed to the lack of cyber security professionals in the DHS office. A recent Government Accountability Office report revealed that one in five positions in the DHS Office of Cybersecurity and Communications remains vacant. This can be traced to long security clearance timelines and lower salary as compared to the private sector.

Apart from Raytheon Co., the DHS has also awarded contract work for cyber security to Technica, Northrop Grumman, HP, and Knowledge Consulting Group. These companies will provide automated tools and commercially developed sensors to scan agency networks for vulnerabilities. Government agencies are usually apprehensive while leaning on private companies to address their cyber security needs. However, the DHS has shown the path that other departments in the U.S. federal government are expected to follow soon. This will open new opportunities for the homeland security market, especially in North America.  

NORTH AMERICA- Largest Regional Consumer Market of Homeland Security Devices

The global homeland security market is expected to grow at a CAGR of 5.6% during the forecast period from 2014 to 2020 to reach a market size of USD 364.44 billion by 2020. The market was valued at USD 245.72 billion in 2013. Increasing demand for equipments to tackle issues such as terrorist threats, cross border insurgency, illegal immigration, human and drug trafficking and cyber threats are fuelling the growth of this market.

Homeland Security:

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On the basis of security type, the homeland security market can be categorized into eight segments including 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% of the global market in 2013 due to worldwide increase in demand for products and solutions to counter the cyber threats. The cyber security market is expected to grow at a CAGR of 5.8%.

The market for homeland security is primarily driven by 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 nations to invest heavily in procurement of homeland security products.. Adoption of unmanned aerial vehicles (UAVs) by various armies for border surveillance is also influencing the growth of this category.

North America is the leading regional market due to technological advancement and huge expenditure in defense segment. North America is followed closely by the Asia Pacific owing to its substantial investments in military technologies by countries such as China and India. European region is also a promising market and has shown a rapid growth for homeland security products for countering terrorist threats. In rest of the world, the growth of homeland security market is largely driven by countries such as Brazil, UAE and Turkey.

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Critical infrastructure security was the second largest segment in 2013 and is expected to grow at a CAGR of 6.7%. This growth is attributed to increasing risk of terrorist attacks on strategic sites such as nuclear plants, power stations, water supply access points, oil and gas terminals, dams, and communication centers.

Homeland Security Market to Register CAGR of 5.60% due to Increasing Acts of Terror

 Homeland Security Market

Homeland Security Market was valued at US$245.7 bn in 2013 and is expected to reach US$364.4 bn by 2020, rising at a CAGR of 5.60% from 2014 to 2020. Homeland security is an all-encompassing term for safeguarding the country against acts of terror or other anti-national activities. Needless to say, this market is driven by the various initiatives taken by governing bodies to thwart terrorist threats and internal security challenges. The notable initiatives taken by various government are TECS Mod by the U.S., Sisfron by Brazil, and Project Cytoon by South Africa, amongst others. The homeland security market consists of various equipment and strategies that are developed and designed to protect the nation from crime, illegal activities, and other threats.

The Global

The global homeland security market is also receiving an impetus from the accelerating threat of terrorism in several parts of the world. Furthermore, rise in human trafficking and the subsequent demand for stricter border patrol has also created a huge surge in the demand for homeland security. The increasing drug trafficking is yet another factor that is acting as a major growth driver for the overall homeland security market.

The global homeland security market is segmented on the basis of type of security and geography. The various types of homeland security are aviation security, border security, maritime security, critical infrastructure security, cyber security, CBRN security, mass transit security, and others. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.

Some of the important players in the global homeland security market are Magal Security Systems Ltd., Finmeccanica S.p.A, Raytheon Company, FLIR Systems, Inc., Elbit Systems Ltd., L-3 Communications Holdings, Inc., General Dynamics Corporation, Safran S.A., Harris Corporation, Thales Group, OSI Systems, Inc., and Unisys Corporation. The research report profiles these players and offers a complete understanding of the competitive landscape of the market. Along with sharing the details pertaining to the impact of the regulatory framework governing the global homeland security market, the research report also provides an analysis of the financial overview, research and development activities, investment outlook, product portfolio, business and marketing strategies, joint ventures, and strategic mergers and acquisitions of these players for the coming few years.

Segmentation of the global homeland security market is as follows:

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

> North America

> Europe

> Asia Pacific

> Rest of the World

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