The Global Homeland Security and Emergency Management Market at USD 623.1 billion in 2020 and is expected to reach USD 846.5 billion by the end of the year 2028, at a rate of 6.3 %. The increasing purchase of enhanced security structures for intercepting the risk of terrorist assaults was appearing as a growth generating component for homeland safety and emergency management market, and this trend is predicted to maintain over the forecast length. The growing investments within the security of airports, seaports, and borders, as well as the development of custom and immigration services, are stimulating the increase of the market. Cyber threats are developing at a fast pace with growing digitalization. This is anticipated to compel the countries round the arena to reinforce their cyber protection to defend their IT infrastructure of government and private businesses.

Top driver: Robust demand due to increasing number of terrorist attacks worldwide.

Recently, there is a remarkable increase in terrorist attacks all over the world using CBRNe agents to carry out these attacks. This increasing number of attacks has compelled the reinforcement of security at the airport and seaport, resulting in the use of better scanning and screening devices. This is behaving as a major growth-stimulating factor during the forecast period. Currently, in April 2019, Smiths Detection got an order to upgrade the ECAC Standard 3 explosives detection systems (EDS) at Linate and Malpensa Airports in Milan. Installation and delivery of at least 13 HI-SCAN 10080 XCT scanners were mentioned in the contract. Tensions within the South China Sea and dispute among the United States and China have fastened the want for coastal inspection inside the Asia-Pacific location. The consolidation of advanced technology for detection and protection against terrorists with the help of law enforcement and intelligence gathering agencies is expected to improve the safety of the countries during the forecast duration.

System segment to make crucial contribution for the growth of Global Homeland Security and Emergency Management Market

The system segment is forecasted to show a higher contribution to the increase in the growth of the homeland security market in comparison with the services segment. All over e world, terrorism and risks are increasing; hence the chances for this market increases. The government all over the world is taking a higher level of precautionary measures for security by installing a top-class security system in all important areas as airports, public transports, and universities. The intelligence system part of the system segment is contributing much to the market as it is very helpful to track and uncover this kind of terrorist for the safety of the state.

Other segments based on Vertical are Homeland Security and Emergency Management, Based on Solution are Systems and Services, and Based on Installation Type are New Installation, up gradation.

Rising Investment in Homeland Securityand Emergencyto Benefit North America and Asia Pacific

The homeland safety and emergency control market is anticipated to show high growth in the region of Asia Pacific in the near future. Rising terrorism, geopolitical conflicts, moves and protests, chemical assaults, and natural disasters have forced primary hometown protection and emergency management solution companies of the vicinity to increase efficient homeland protection and emergency control system. The homeland protection spending of China, Japan, and India has been growing in recent years due to improved possibilities of being focused by means of assaults. The Asia Pacific region has also been experiencing times of terrorist assaults and cyber-attacks that have caused substantial damage to the location.

Key Players to focus on expanding applications of Homeland Security and Emergency Management

Many market players are determined to originate and evolve homeland security systems with revolutionized features for performing effective ISR missions and border protection and security.

Below are some key players of this market.

Lockheed Martin (US) The U.S. Department of Homeland Security (DHS) has given contract to Lockheed Martin for its recent  Tactical Communications (TACCOM) program to work with this program in future competitions . , Lockheed Martin is a globally recognized security company and has a huge number of employs and is very much known for its research and developmental work in advanced technology system and services. Its net sale was estimated to be 46.5 billion in 2011.

Raytheon Company (US) The U.S. Department of Homeland Security (DHS) has considered Raytheon Company the one on the front foot to work for its Network Security Deployment (NSD) Division. NSD is considered to be the platform that is helping many foundations a threat free system. It is very useful for Nations Cyber security Protection System.

Scope of the report

By End User:

• Cyber Security
• Aviation Security
• Maritime Security
• Law Enforcement and Intelligence Gathering
• Critical Infrastructure Security
• Risk and Emergency Services
• Border Security
• CBRNE Security

Based on Solution

• Systems
  • Intelligence and Surveillance System
  • Detection and Monitoring System
  • Weapon System
  • Access Control System
  • Modeling and Simulation
  • Communication System
  • Platform
  • Rescue and Recovery System
  • Command and Control System
  • Countermeasure System
  • Others (Countermeasures and Systems for Training and Simulation)

Services

• Managed Security Services
• Managed Network Services
• Professional Services
• Design and Consulting
• Installation and Integration
• Support and Maintenance
• Training and Education

By Installation Type:

• New Installation
• Up gradation

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.