Market Size of Homeland Security and Emergency Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Homeland Security & Emergency Management Market Analysis
The homeland security and emergency management market is anticipated to witness a CAGR of about 6% during the forecast period (2022 - 2027)
Due to the COVID-19 pandemic, the number of inbound travelers to all the countries in the world dropped drastically, which has reduced the demand for new customs and border protection equipment. On the other hand, the growth in riots, insurgent activities, and natural disasters in the last two years has led to increased demand from law enforcement and emergency management end-users.
The increasing procurements of enhanced security systems for intercepting the threat of terrorist attacks have been driving the homeland security and emergency management market, and this trend is anticipated to continue over the forecast period.
The increasing investments in the security of airports, seaports, and borders, as well as the development of custom and immigration services, are fuelling the growth of the market.
On the other hand, cyber threats are growing at a rapid pace with growing digitalization. This is anticipated to compel countries around the world to strengthen their cyber security to protect their IT infrastructure of government and private sector organizations.
