Press Release
Global Homeland Security Market is Estimated to Reach $479.3 Billion by 2024, Says Variant Market Research
 Published Date:  Oct 2017  Publish By: Variant Market Research

Global Homeland Security Market Report, published by Variant Market Research, forecast that the global market is expected to reach $479.3 billion by 2024 from $295 billion in 2016; growing at a CAGR of 6.3% from 2016 to 2024. The homeland security offer products and services related to aviation security, cyber security, border security, among others to protect public and private national assets. Factors such as, threat of cybercrime, piracy, drug trade, cross border terrorism, internal dissent, and separatist would show an attractive homeland security market trend.

"Homeland Security Market (By Type: Aviation Security, Maritime Security, Border Security, Critical Infrastructure Security, Cyber Security, CBRN Security, Mass Transit Security and Others; By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/defense-aerospace/homeland-security-market

Increasing threat of cybercrime, cross border terrorism and need for security to drive the Homeland Security Market

Some of the factors driving the growth of global homeland security market includes the threat of cybercrime, piracy, drug trade, cross border terrorism, internal dissent, separatist movements. Increasing IT modernization and use of technology in defense, includes increasing risk of terrorist attack. On the other hand, high price of these technologies and skilled labor forces are some of the factors which are expected to restrict the market specially in developing countries which have considerably higher need for these securities and can emerge as potential market in future. Increasing demand and needs for information security or data security in public and private sector organization such as energy, utilities, IT & telecom, railways, military, and others are anticipated to develop various opportunities for the homeland security market.

Market Segmentation

Type, and geography are the major segments of global homeland security market. Type segment is further categorized into aviation security, maritime security, border security, critical infrastructure security, cyber security, CBRN security, mass transit security, and others. Based on geography, the global homeland security market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Cyber Security accounted for the largest market share in the type segment

Cyber Security accounted for the largest market share in 2016, and is expected to continue its dominance during the forecast period 2016-2024.  The general IT transformation has greatly enhanced record keeping and management of cases across the internal safety department and has gained wide acceptance, increasing the need for actual knowledge, control and intelligence apparatus for the first responders led to the need for effective security systems.

Asia-Pacific is anticipated to grow at a fastest CAGR over the forecast period

Asia-Pacific is expected to attain the fastest CAGR of 7% during the forecast period 2016-2024, driven by the expanding needs for cybercrime control and also due to increasing focus on security services in the region. North America held the largest market share of 27.9% in 2016, owning to well-developed economy.

Competitive Landscape

Manufacturers or producers in the homeland security market are progressively accepting mergers & acquisitions as a part of their growth and expansion strategy. For instance, in 2015, Harris Corporation acquired Exelis Inc., which fetches a solid portfolio of balancing technologies together. The achievement also meaningfully improves the company’s position as one of the prime provider of mission-critical solutions while expanding channels and product offerings to the growing customer base

The major key players operating in the market are IBM Corporation, General Dynamics Corporation, L-3 Communications Holdings, Inc., Northrop Grumman Corporation, Unisys Corporation, Finmeccanica spA, Harris Corporation, Lockheed Martin Corporation, Elbit Systems Ltd, and SAIC among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Global Homeland Security Market by Type: Market Size and Forecast, 2015 – 2024
    4.1 Overview
    4.2 Aviation Security
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 Maritime Security
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Border Security
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
    4.5 Critical Infrastructure Security
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast
    4.6 CBRN Security
          4.6.1 Current Trend and Analysis
          4.6.2 Market Size and Forecast
    4.7 Mass Transit Security
          4.7.1 Current Trend and Analysis
          4.7.2 Market Size and Forecast
    4.8 Others
          4.8.1 Current Trend and Analysis
          4.8.2 Market Size and Forecast
Chapter 5 Global Homeland Security Market by Geography: Market Size and Forecast, 2015 – 2024
    5.1 Overview
    5.2 North America
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
          5.2.3 US
                   5.2.3.1 Market Size and Forecast
          5.2.4 Canada
                   5.2.4.1 Market Size and Forecast
          5.2.5 Mexico
                   5.2.5.1 Market Size and Forecast
    5.3 Europe
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
          5.3.3 Germany
                   5.3.3.1 Market Size and Forecast
          5.3.4 France
                   5.3.4.1 Market Size and Forecast
          5.3.5 United Kingdom
                   5.3.5.1 Market Size and Forecast
          5.3.6 Italy
                   5.3.6.1 Market Size and Forecast
          5.3.7 Others
                   5.3.7.1 Market Size and Forecast
    5.4 Asia-Pacific
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast
          5.4.3 China
                   5.4.3.1 Market Size and Forecast
          5.4.4 India
                   5.4.4.1 Market Size and Forecast
          5.4.5 Japan
                   5.4.5.1 Market Size and Forecast
          5.4.6 South Korea
                   5.4.6.1 Market Size and Forecast
          5.4.7 Others
                   5.4.7.1 Market Size and Forecast
    5.5 RoW
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast
          5.5.3 Middle East
                   5.5.3.1 Market Size and Forecast
          5.5.4 South America
                   5.5.4.1 Market Size and Forecast
          5.5.5 Africa
                   5.5.5.1 Market Size and Forecast
Chapter 6 Company Profiles
    6.1 IBM Corporation
    6.2 General Dynamics Corporation
    6.3 L-3 Communications Holdings, Inc.
    6.4 Northrop Grumman Corporation
    6.5 Unisys Corporation
    6.6 Finmeccanica spA
    6.7 Harris Corporation
    6.8 SAIC
    6.9 Elbit Systems Ltd.
    6.10 Lockheed Martin Corporation

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