Market Size of North America Homeland Security And Emergency Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 207.82 Billion |
| Market Size (2029) | USD 277.04 Billion |
| CAGR (2024 - 2029) | 5.92 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Homeland Security And Emergency Management Market Analysis
The North America Homeland Security And Emergency Management Market size is estimated at USD 207.82 billion in 2024, and is expected to reach USD 277.04 billion by 2029, growing at a CAGR of 5.92% during the forecast period (2024-2029).
The growing procurements of advanced security systems to fight against terrorist attacks is a major growth-generating factor for the homeland security and emergency management market. The countries have invested heavily in incorporating advanced technology equipment to protect their land, air, and sea borders. This is expected to bolster the market's growth in the coming years. The recent cyberattacks in the US and Canada have driven the countries to strengthen their cybersecurity protocols to protect the critical IT infrastructure of government and private sector organizations. Furthermore, there is a lack of focus on disaster management in various countries, which causes severe damage during emergencies. Low fund allocations, inadequate training, non-implementation of standard operating procedures(SOPs), and political pressure are a few factors leading to poor emergency management. Such factors hinder the market growth.
