Homeland security is a government initiative for protecting nations from natural and man-made calamities. Homeland security system increases the resilience of a nation against threats such as terrorism, illegal immigration, smuggling, natural disasters, cyber frauds, and others. The market is primarily driven by the government initiatives to prevent territorial and cross-border wars. However, high price of these products and lack of skilled workforce for operating these products and services are expected to restrict the growth of the homeland security. Moreover, growing need for information security in public and private sector organization including railways, energy, utilities, IT & telecommunication, military, and others is expected to create numerous opportunities for the homeland security market.
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The homeland security market offers products, services, and systems to government and private sector organizations for the protection of the public and private assets of a nation from antisocial threats. These offerings are applied in various fields including border security, aviation security, maritime security, cyber security, and others. Border security protects a nations border areas from illegal trespassing of people, weapons, drugs, smuggled goods, terrorist attacks, and others. Maritime security encompasses security of oceanic boundary of countries, ports, vessels, and facilities, including oil storage facilities, and passenger vessel terminals. Sensitive private and public infrastructure of nations, including government facilities & defense establishments, holy places, public places, chemical & manufacturing set-up, stadiums, and others, are safeguarded by critical infrastructure security. In addition, the CBRN market deals with the threat to mankind caused by chemical, biological, radiological, or nuclear contaminants.
The prominent players offering homeland security across the globe include IBM Corporation, Lockheed Martin Corporation, General Dynamics Corporation, Northrop Grumman Corporation, L-3 Communications Holdings, Inc., Unisys Corporation, Harris Corporation, Elbit Systems Ltd., SAIC, and Finmeccanica SpA.
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The world homeland security market is segmented based on type, end user, and geography. Based on the type of homeland security, the market is segmented into border security, aviation security, maritime security, critical infrastructure security, cyber security, mass transport security, CBRN (chemical, biological, radiological, and nuclear) security, and others (first responders, counter terror intelligence, C3I, pipeline security). Public and private sectors are the key end users in the market. The homeland security market is analyzed on the basis of geography, which includes North America, Europe, Asia-Pacific, and LAMEA.
In 2015, the cyber security dominated the world homeland security market due to the increasing dependence of organizations, including financial institutions, government departments, defense & military organizations, on information technology, networking, and communication technology for storing confidential and critical data. However, critical infrastructure security segment is expected to grow at the fastest CAGR during the forecast period, owing to the increasing demand for protecting large number sensitive infrastructures such as holy shrines, public places, defense organizations, and government facilities, worldwide.
In 2015, North America generated the highest revenue in the global market due to heavy investment by government organizations in defense & military sector. However, Asia-Pacific is projected to grow at the fastest CAGR during the forecast period, owing to the increasing cases of terrorist attacks and political unrest in the region.
Government initiatives to protect a nation
Increasing number of cross-border disputes and civil wars in various countries around the world has fostered the use of homeland security products and services. Rising instance of terrorist attacks, wars between neighboring countries, domestic wars due to political unrest, communism, riots, and others have increased the adoption of homeland security measures by government and public sector organizations. Several countries, such as the U.S., UK, India, Japan, Germany, and others have dedicated departments and organizations for managing homeland security. Government of various countries have heavily invested in homeland security for the protection of their citizens, which is the key driving factor of the market.
Increasing cases of smuggling and trafficking
The number of smuggling and trafficking cases has increased in the recent years across the globe. Therefore, protective measures, such as homeland security products and services, are being adopted by government as well as private entities to safeguard the interest of the country. Surveillance and security-related products, service, and systems including alarm management systems, thermal cameras, laser illuminated cameras, radar detection & tracking systems, and others offered by homeland security manufacturers play a vital role in preventing as well as combating such activities. Thus, this factor significantly impacts the growth of the market.
Chapter: 1 INTRODUCTION
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
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Chapter: 2 EXECUTIVE SUMMARY
2.2 CXO perspective
Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.2.3 Top winning strategies
3.3 Porter’s five forces analysis
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