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  • Homeland Security and Emergency Management Market expected to be worth 742.06 Billion USD by 2023

     



    (Aviation-NewsWire.Com, May 15, 2018 ) According to the new market research report "Homeland Security and Emergency Management Market by End Use (Law Enforcement & Intelligence Gathering, Cyber Security, Critical Infrastructure Security, Risk & Emergency Services, Border Security, CBRNE), System, and Region - Global Forecast to 2023", The homeland security and emergency management market is projected to grow from an estimated USD 557.14 Billion in 2018 to USD 742.06 Billion by 2023, at a CAGR of 5.90% from 2018 to 2023. Increasing terrorist threats and biohazard attacks and occurrence of unpredictable natural disasters due to ever-changing climatic conditions worldwide are key factors driving the growth of the homeland security and emergency management market.



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    Browse 171 market data Tables and 61 Figures spread through 234 Pages and in-depth TOC on "Homeland Security and Emergency Management Market"

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    Based on vertical, the homeland security segment is expected to lead the homeland security and emergency management market



    Based on vertical, the homeland security segment is expected to lead the homeland security and emergency management market and is expected to continue to lead till 2023. The homeland security and emergency management market has been segmented into homeland security and emergency management, which provide security and safety across various verticals including aviation, border control, law enforcement & intelligence agencies, financial service industries, government intelligence agencies, and cyber security. It is essential to safeguard these verticals from various intrusions which can cause harm to financial assets leading to financial loss.



    Based on end use, the cyber security segment of the homeland security and emergency management market is expected to grow at a high rate during the forecast period



    Based on end use, the homeland security and emergency management market has been segmented into law enforcement and intelligence gathering, risk and emergency services, border security, maritime security, aviation security, cyber security, critical infrastructure security, and CBRNE security. The cyber security segment is projected to grow in the homeland security and emergency management market at the highest CAGR during the forecast period. Cyber security solutions are categorized into 6 major types, namely, network security, endpoint security, application security, cloud security, wireless security, and others. The increasing deployment of mobile and web based application security solutions by organizations is expected to lead to the growth of cyber security market.



    The market for homeland security and emergency management in the Asia Pacific is projected to grow at the highest rate during the forecast period



    The rapid growth of the homeland security and emergency management market in the Asia Pacific can be attributed to the increasing spending on homeland security by emerging countries, such as China, Japan, South Korea, and India. China is estimated to account for the largest share of the Asia Pacific homeland security and emergency management market in 2018. This high share can be attributed to the need to counter rising terrorist activities, geopolitical conflicts, strikes and protests, chemical attacks, and natural disasters, which have led major homeland security and emergency management solution providers of the region to develop enhanced techno-efficient homeland security and emergency management systems and equipment.



    Major players operating in the homeland security and emergency management market are Lockheed Martin (US), Raytheon (US), IBM (US), FLIR Systems (US), Thales Group (France), Elbit System (Israel), General Dynamics (US), Unisys (US), and others.



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    About MarketsandMarkets™



    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.



    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.





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