The global homeland security and emergency management market is expected to reach USD 1,020.72 billion by 2029 from USD 752.04 billion in 2024, growing at a compound annual growth rate (CAGR) of 6.3% during the forecast period.
Separatist movements have been very high for the past couple of years, and there is an increasing need for homeland safety measures by the government. The hazardous situation for the nations is elevating the growth rate of the Homeland Security and Emergency Management Market. Asia Pacific, Europe, and Middle East & Africa are major countries that are critically facing separatist movements that are increasing the need to equip homeland security and emergency systems. Government support to invest more in establishing military arms is leveraging the growth rate of the market. Across the world, there are more than 50-55 separatist movements. For instance, in India, around 283 soldiers were dead when the Indian military performed counter-insurgency operations when the special status of the Jammu & Kashmir was revoked by the government. This raised the need to invest more in military army forces for public safety. The Ukraine and Russia war is another separatist movement that started in 2022 and raised concern for the security of the people in those countries.
Technological advancements are playing a crucial role in fuelling the Homeland Security and Emergency Management Market. The adoption of cloud platforms and AI technology is amplifying the results in emergency management solutions. The need to focus on increasing surveillance in public areas like airports, railway stations, malls, and others is increasing day by day, where technological advancements like video surveillance, facial recognition, and thermal imaging, among others, are showcasing excellent features in security operations. These technologies help the security operations team to react quickly in emergency situations. Machine and artificial intelligence are also major concepts that are involved in gathering data from social media, sensors, and others. This approach in collecting the data has fuelled the accuracy in finding the spot abnormalities and identifying the foreseen dangers. The Homeland Security and Emergency Management Market growth is additionally fuelled by the rapid urbanization and growing IoT in emerging countries. IoT is made simple by connecting devices and sensor networks that emphasize process automation and real-time data collecting. These systems will escalate the awareness among the public by connecting with real-time data. This will promote the effectiveness of decision-making in emergency situations. Also, the growing number of cyber-attacks with the increasing adoption of advanced technologies is surging the need to protect data, especially in IT infrastructure organizations. This is eventually propelling the Homeland Security and Emergency Management Market demand.
The growing number of cyberattacks in various fields like IT, BFSI, and others is amplifying the need to adopt cybersecurity protocols to protect the data. Many government authorities are setting plans to eradicate these cyber threats. This plan includes the acquisition of government authorities with the cybersecurity industries that enhance the strategies and investments. In 2022-2023, the Indian government spent around USD 65 million, which is approximately INR 515 crore, on the cyber security industry. This itself showcases the need to control the cyber threats that are surging day by day. Hence, increasing investments in cyber security is likely to set up growth opportunities for the homeland security and emergency management market in the coming years. IT security solutions are planning to introduce many applications in cybersecurity in order to reduce the maximum number of threats by cyber attackers. Their main motive is to adopt new technologies to meet IT security needs. Major companies like IBM, Cisco, IBM, and others are investing huge amounts to meet these requirements. These companies are introducing a Software-as-a-Service (SaaS) model to protect a website and mobile applications using cloud computing. This delivery model has high accuracy in lowering cyber attacks. The trend towards advanced way of deployment over the traditional method on-premise is anticipated to create growth opportunities for the market in the future.
However, the lack of awareness over the usage of innovative software technologies, especially in underdeveloped countries, is majorly hindering the growth rate of the homeland security and emergency management market. Delays in making a decision on time, especially during disaster management, are also factors that hamper market demand. The involvement of political leaders while managing disaster operations is impacting the growth rate of the market negatively. The coordination and engagement of all party members are much needed to recover from a disaster. Lack of this coordination is widely restraining the growth rate of the market. In underdeveloped countries, the demand for disaster management solutions is very low due to a lack of economy and less awareness. This also limits the market growth rate.
In some countries, the demand for the adoption of security and emergency management services is also very low due to a lack of government support. Less training procedures in the military and lack of support from public organizations are likely to inhibit the market share. A growing number of cyber securities in various organizations is a big challenging factor for the key players. The incidences of cybersecurity breaches are growing with the involvement of insiders. An insider can be a person who can access an organization's assets physically or remotely. In the UK, more than 117 public cyber breaches took place in October 2020, which was a record for the highest number of cyberattacks.
IT security solutions are planning to introduce many applications in cybersecurity in order to reduce the maximum number of threats by cyber attackers. Their main motive is to adopt new technologies to meet IT security needs. Major companies like IBM, Cisco, IBM, and others are investing huge amounts to meet these requirements. These companies are introducing a Software-as-a-Service (SaaS) model to protect a website and mobile applications using cloud computing. This delivery model has high accuracy in lowering cyberattacks. The trend towards advanced way of deployment over the traditional method on-premise is anticipated to create growth opportunities for the market in the future.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
6.3% |
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Segments Covered |
By Vertical, End User, Installation, Solution, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Lockheed Martin (US), Raytheon Company (US), Northrop Grumman (US), Leidos (US), IBM (US), FLIR Systems (US), Thales Group (France), Elbit Systems (Israel), General Dynamics (US), and Unisys (US). |
The homeland security segment was the largest segment and is expected to grow considerably during the forecast period owing to the increasing number of terrorist attacks and domestic violence. Government initiatives to take over the safety policies are also accelerating the growth rate of homeland security segment.
The emergency management segment is set to have growth opportunities during the forecast period.
The cybersecurity segment is estimated to hold the major share of the worldwide market during the forecast period. The growing prevalence of launching innovative mobile and web applications with the latest technology is increasing the need to adopt cybersecurity protocols. This is greatly influencing the demand for the cybersecurity segment. Cybersecurity products enhance the effectiveness of critical business applications by managing critical business applications.
The new installation segment is predicted to hold the major share of the worldwide homeland security and emergency market, whereas the upgrade segment is likely to have growth opportunities in the coming years.
The systems segment has the dominant homeland security and emergency management market share value. The growing need to develop non-lethal weapons with the increasing number of riot situations in various nations is a major factor anticipated to surge the systems segment growth rate.
Asia Pacific's homeland security and the emergency market are holding prominent shares owing to the growing number of terrorist attacks. India and China are the major contributors to the largest share of the market. Increasing expenditure on the development of innovative products in defense is mainly ascribed to boosting the demand of the market in these countries.
North America is next in leading the largest shares of the market with rapid industrialization. The increasing presence of key players and growing R&D activities are prompting the market demand in North America. Key strategies by the market players are elevating the demand for the homeland security and emergency market. Particularly, the US is contributing to the market growth rate. Growing support from various organizations through investments in homeland security and emergency management solutions is bolstering the growth rate of the market.
Europe's homeland security and emergency market growth rate is esteemed to have the prominent growth rate during the forecast period.
Latin America and the Middle East & Africa are likely to have a steady growth rate during the forecast period.
The significant companies in the global homeland security and emergency management market incorporate Lockheed Martin (US), Raytheon Company (US), Northrop Grumman (US), Leidos (US), IBM (US), FLIR Systems (US), Thales Group (France), Elbit Systems (Israel), General Dynamics (US), and Unisys (US). These players have received different development methodologies, for example, contracts, acquisitions, extensions, new item dispatches, and organizations and arrangements, to expand their essence in the homeland security and emergency management market.
In 2023, Northrop Grumman received a contract from the Defense Advanced Research Projects Agency (DARPA) to develop hypersonic air-breathing weapon concept flight vehicles. This is likely to enhance the capability of warfighter needs.
In 2023, Leidos, a member of the Government Technology & Services Coalition, signed an agreement with Microsoft to promote the transformation of artificial intelligence in the public sector. The team works on increasing the productivity in the AI generative AI solutions in various applications.
In July 2023, Leidos received a contract of USD 375 million from the director of national intelligence. This effective contract will provide complete support for artificial intelligence, including various services like cybersecurity, science and technology, and security and risk management.
By Vertical
By End-Use
By Installation
By Solution
By Region
Frequently Asked Questions
The key segments include border security, cybersecurity, emergency management, critical infrastructure protection, aviation security, maritime security, and law enforcement. Each segment focuses on specific areas of security and emergency response, using specialized technologies and protocols.
Primary challenges include evolving threats such as cyber-attacks, terrorism, and climate change-related disasters. Other challenges involve ensuring the interoperability of systems, protecting privacy and civil liberties, and securing adequate funding and resources.
Latest trends include the integration of AI and machine learning for predictive analytics, increased use of unmanned systems (drones) for surveillance and disaster response, enhanced cybersecurity measures, and the development of smart cities with built-in security features.
Key regulatory frameworks include the General Data Protection Regulation (GDPR) in Europe, the Cybersecurity Information Sharing Act (CISA) in the United States, and various international agreements like the International Ship and Port Facility Security (ISPS) Code. These regulations ensure standardized practices, data protection, and coordinated efforts in addressing security threats and emergencies.
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