Favorable government initiatives to address situations such as civil wars and cross border disputes propel the growth of the global homeland security market. North America contributed to the highest share in 2020, and is projected to maintain its dominant position in terms of revenue during the forecast period. The private and commercial security industries were impacted by the pandemic and investments reduced during the initial stages. Prominent Players: IBM Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, L3Harris Technologies, Inc., Unisys Corporation, Elbit Systems Ltd., and SAIC.

According to the report published by Allied Market Research, the global homeland security market generated $514.38 billion in 2020, and is estimated to generate $801.01 billion in 2028, witnessing a CAGR of 5.7% from 2021 to 2028. The report offers a detailed analysis of changing market dynamics, key segments, value chain, top investment pockets, regional scenario, and competitive landscape.   

Supportive government initiatives for protection from cross border disputes and civil wars along with increase in cases of smuggling and trafficking worldwide drive the growth of the global homeland security market. However, high costs for maintaining homeland security, lack of proper implementation of required measures, and slow adoption of security solutions hinder the market growth. On the other hand, demand for information security and technological advancements create new opportunities in the coming years.

Download Report (291 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/1707

Covid-19 Scenario:

  • The private and commercial security industries were affected considerably by the pandemic and there had been a decline of investments during the initial stages.
  • During the pandemic, there has been a rapid shift towards online working systems. This led to a surge in demand for cybersecurity. In addition, the use of AI-based solutions at airports increased to verify the identity of people.
  • The usage of innovative homeland security solutions rose moderately during the pandemic to maintain security across various verticals such as aviation, border, maritime, cybersecurity, and others.

The research offers detailed segmentation of the global homeland security market based on type, end-user, technology, and region.

Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/1707

Based on type, the cyber security segment contributed to the highest market share, holding more than one-fifth of the total share in 2020, and is expected to maintain its leadership status during the forecast period. Moreover, this segment is expected to portray the highest CAGR of 7.4% from 2021 to 2028.

Based on end-user, the public sector segment accounted for the highest share in 2019, contributing to more than four-fifths of the global homeland security market, and is estimated to continue its lead position throughout the forecast period. However, the private sector segment is expected to witness the largest CAGR of 6.3% from 2021 to 2028.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/1707

Based on region, North America held the largest market share in 2020, accounting for nearly one-third of the total share, and is expected to continue its dominance in terms of revenue by 2028. However, Asia-Pacific is estimated to register the fastest CAGR of 6.8% during the forecast period.

Leading players of the global homeland security market analyzed in the research include Elbit Systems Ltd., International Business Machines Corporation, General Dynamics Corporation, Leonardo SpA, L3Harris Technologies, Inc., Northrop Grumman Corporation, Lockheed Martin Corporation, Thales Group, Science Applications International Corporation (SAIC), and Unisys Corporation.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/1707

 

Similar Reports We Have on Defense Industry:

Chemical, Biological, Radiological, and Nuclear (CBRN) Security Market by Type (Chemical Security, Biological Security, Radiological Security, and Nuclear Security), Function (Decontamination, Protection, Detection, and Simulation), and Application (Military and Law Enforcement): Global Opportunity Analysis and Industry Forecast, 2021–2030

Airport Passenger Security Market by Investment Type (New Demand and Replacement), Security Solution (Baggage Inspection Systems, Explosives Trace Detectors, Hand Held Scanners, Fire Safety & Detection System, Walk-through Metal Detectors, Full Body Scanners, Perimeter Intrusion Detection Systems, Video Management Systems, Access Control/Boarding Systems, Bar-coded Boarding Systems, and Cyber security Solutions), and End User (Commercial Airports, Seaports, and Railway Stations): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Rubber Tracks for Defense and Security Market by Type (Rubber Band Track and Rubber Pin Track), Vehicle Payload (8-12-ton, 12-14-ton, 15-45 ton and Above 45 ton), and Application (Tank, APC, IFV/AIFV, Recons, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Perimeter Security Market by Service Type (Managed Service and Professional Services), by System (Perimeter Intrusion Detection Systems, Access Control Systems, Video Surveillance Systems, Alarms and Notifications Systems, Radar, and Others), and by Industrial Vertical (Industrial, Commercial & Services, Government, Manufacturing, Critical Infrastructure, Military & Defence, Residential, Educational, and Religious Building): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Defense Cyber Security Market by Type (Endpoint Security Solutions, Network Security Solutions, and Content Security Solutions), by Deployment (On-Premise and Cloud), by Solution (Threat intelligence & Response Management, Identity & Access Management, Data loss Prevention Management, Security & Vulnerability Management, Unified Threat Management, Enterprise risk & Compliance, Managed Security, and Others), and by Application (): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Military Sensors Cybersecurity Solutions Market by Platform (Space, Munition, Land, Naval and Airborne), and Application (Combat Operations, Target Recognition, Electronic Warfare, Communication & Navigation, Command & Control, Surveillance & Monitoring and Intelligence & Reconnaissance): Global Opportunity Analysis and Industry Forecast, 2020–2027.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Tags: Homeland Security Market share, Homeland Security market size, Homeland Security, Homeland Security Market

See Campaign: https://www.alliedmarketresearch.com/
Contact Information:
David Correa USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141

Tags:
PR-Wirein, Reportedtimes, Menafn, iCN Internal Distribution, Research Newswire, English

Contact Information:

David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141