BusinessThe homeland security market 2012-22
New market research reports estimates that the value of the homeland security market in 2012 amounts to $206.01 billion; the continually evolving nature of many homeland security threats entails continued scope for enterprise, particularly in areas where new technology can be applied to security problems
Homeland security is a burgeoning market that offers considerable opportunities for companies to exploit. Visiongain expects global growth to continue, with governments keen to extend their defensive measures against a range of threats including terrorism, cyber attack, natural disasters, and piracy.
A degree of maturation in key markets, and the impact of continued austerity, indicates that growth will not be as dynamic compared to the previous decade, although the homeland security market is set to take on a more global nature with a greater range of countries increasing their homeland security spending.
Visiongain has determined that the value of the homeland security market in 2012 amounts to $206.01 billion.
The threat from al Qaeda and affiliate groups to the United States and other nations, and the impact of the 9/11 attacks, were the main drivers behind the rapid expansion of the scope and scale of homeland security spending over 2001-11. Since then, however, cyber security has become a rising global concern, and many nations are also looking to upgrade security infrastructure in sectors such as border and maritime security.
The continually evolving nature of many homeland security threats entails continued scope for enterprise, particularly in areas where new technology can be applied to security problems. The demands of integrating and networking of existing systems present further opportunities to business.
A new Visiongain report, The Homeland Security Market 2012-2022, contains 285 tables, charts, and graphs that add quantitative analysis to explain developing trends within the homeland security market, as well as individual submarkets that constitute the overall market. Visiongain provides forecasts for the period 2012-22 in terms of value (U.S.$) for the homeland security market, nine homeland security submarkets, the twenty leading national homeland security markets (including a separate breakdown of the U.S. homeland security market into the nine homeland security submarkets), and the Rest of the World (RoW).