Global Homeland Security Market is expected to Reach USD 364.44 Billion in 2020: Transparency Market Research

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18 Jul, 2014, 17:30 GMT

ALBANY, New York, July 18, 2014 /PRNewswire/ --

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 the full Homeland Security Market 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.

Related & Recently Published Reports by Transparency Market Research 

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

Browse the full Homeland Security Market Report with TOC at http://www.transparencymarketresearch.com/homeland-security-market.html

  • 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

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and 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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