The worldwide homeland security market generated US$ 189 billion in market value in 2022 and is anticipated to reach US$ 300 billion by 2032, growing at a CAGR of 4.7%.
A system used to defend and safeguard a nation from any non-state attack is referred to as homeland security. Providing security and resilience against all conceivable natural and man-made disasters is a government goal.
The most widely used approach to attaining IT security objectives is quickly shifting to cloud-based security solutions. Many businesses, including IBM, HPE, Symantec, McAfee, and Cisco, offer cybersecurity solutions using a Software-as-a-Service (SaaS) model that is based in the cloud.
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Throughout the development, production, and implementation phases, these cloud-based solutions feature a centralised method to protect online and mobile apps, as well as enterprise networks. Because it offers more flexibility and scalability for solution deployments, the SaaS-based strategy is simpler and more efficient than the on-premises deployment strategy.
The cybersecurity industry is anticipated to hold the greatest market share by 2032. Cybersecurity is anticipated to have the greatest revenue share in the entire homeland security market due to the rising threat of cybercrime, cyberterrorism, and internet fraud.
A focus on maintaining safety by combating cybercrime and enhancing national defence capabilities has resulted from the extensive and growing reliance on information and communication technology infrastructure.
Key Takeaways from the Market Study
- FMI projects the global homeland security market to expand at a 4.7% value CAGR by 2032
- The global homeland security market is estimated at a market value of US$ 189 Billion by 2022.
- The global homeland security market is expected to garner a market value of US$ 300 Billion by 2032.
- As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 6% market share for homeland security in the assessment period 2022-2032.
- As per Future Market Insights, the Asia Pacific is expected to grow at a CAGR of 4% market share for homeland security in the assessment period 2022-2032.
- As per Future Market Insights, Europe is expected to grow at a CAGR of 3.7% market share for homeland security in the assessment period 2022-2032.
- Public security is expected to grow at a CAGR of 4.3% in the forecast period 2022-2032.
Market Competition
Raytheon Technologies, IBM, L-3 Harris Technologies, Lockheed Martin Corporation and Northrop Grumman are some prominent homeland security manufacturers.
Recent Developments
- In November 2022, Raytheon Intelligence & Space, a Raytheon Technologies division, today announced the opening of a new Registered Apprenticeship programme in McKinney, Texas, in collaboration with the US Department of Labour and Collin College.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global homeland security market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on End User (Public Security and Private Security) and by Security Type (Border Security, Mass Transit Security, Cyber Security, Critical Infrastructure Security, Aviation Security, Maritime Security, and Others), across five major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa).
Key Segments Profiled in the Homeland Security Market Industry Survey
Homeland Security Market by End User:
- Public Security
- Private Security
Homeland Security Market by Security Type:
- Border Security
- Mass Transit Security
- Cyber Security
- Critical Infrastructure Security
- Aviation Security
- Maritime Security
- Others
Homeland Security Market by Region:
- North America Homeland Security Market
- Latin America Homeland Security Market
- Europe Homeland Security Market
- South Asia Homeland Security Market
- East Asia Homeland Security Market
- Oceania Homeland Security Market
- Middle East & Africa Homeland Security Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End Use over the next 10 years.
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