Global Homeland Security and Emergency Management Market Study Analysis: Cloud-based applications and services are now more prominent

The global Homeland Security and Emergency Management market size was valued at $ Million in 2020 and is expected to reach $ Billion by 2028 growing at the CAGR of 9.87% from 2021 to 2028. Homeland security and emergency management are proposed to provide protection and well-being to the residents in the cases of any natural calamity or emergency. It manages the condition based on the instructions provided by the local authorities or government bodies and it is planned to respond within twenty-four hours. It manages cases for accidents, terrorist attacks, cyber-attacks, cases of natural disasters such as floods, storms, hurricanes, or chemical spills. The rise in cases of terrorist activities, bombing, mass shootings, and cyber-attacks is one of the key parameters acting as a growth generating factor for the homeland security and emergency management market apart from others. The rising funds in the security of airports, seaports, and at borders and the development of custom and immigration services is expected to fuel the market growth.

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Global Homeland Security and Emergency Management Market Drivers And Restrain:
The major factors that have impacted the growth are the high demand for situational awareness and increasing investments for measuring disasters which boost the demand for smart homeland security and emergency management devices, among others.

High Demand for Situational Awareness:
Situational awareness is capable of analyzing and recognizing multifaceted data regarding battlefield scenarios. It is very helpful for making decisions in land, naval, and air-based operations. The rise in the number of terrorizations has led to the establishment of strict security systems at airports and seaports using better scanning and screening equipment. This is expected to drive the development of the homeland security and emergency management market. Additionally, cutting-edge technologies provide real-time control, communication, surveillance, and reconnaissance of maritime, ground, and air solutions with inimitable command expecting to bolster the market growth soon. The availability of advanced security and surveillance devices and smart devices that help to provide information and prevent and trigger immediate reposes to emergencies is a factor expected to fuel the growth of the global homeland security and emergency management market.

Increasing investments for measuring disasters:
The global climatic changes result in the rising rate of natural disaster occurrence owing to the growth of the global homeland security and emergency management market. According to US National Oceanic and Atmospheric Administration (NOAA), the country experienced total damage of USD 91 billion from hurricanes, wildfires, floods, and other disasters in 2018. Thus, the government is investing in various emergency management systems. Likewise, Canada has been rising its funds in national security and public safety over the past few years among other countries globally.
The market is hampered by Low priority given to emergency management action plans, limited security funds, and slow adoption of security solutions, and a lack of proactive measures.

Impact Of COVID-19 on the Homeland Security and Emergency Management Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Homeland Security and Emergency Management Market Segments:
The global Homeland Security and Emergency Management market is further segmented into system, end-user, and geography.

By System: Intelligence & Surveillance System, Modeling & Simulation, Command & Control, Rescue & Recovery Systems, Weapon System, Communication System, Detection & Monitoring System, and Others
By End User: Law Enforcement & Intelligence Gathering, Cyber Security, and Critical Infrastructure Security

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)

The Asia Pacific is expected to witness significantly high growth in homeland security and emergency market due to the rising terrorist activities, geopolitical conflicts, strikes and protests, chemical attacks, and natural disasters has surged the demand for enhancing techno-efficient homeland security and emergency management systems and equipment. The countries including China, Japan, and India have increased their spending for homeland security due to increased possibilities of being targeted by attacks. North America is expected to show lucrative growth in the homeland security and emergency market due to the investments in homeland security and public safety by the countries such as U.S and Canada. Europe is expected to have a significant share in the homeland security and emergency market attributed to the presence of many renowned homeland security manufacturers in this region.

Key Players of Global Homeland Security and Emergency Management Market:
• BAE Systems
• Raytheon Company
• Elbit Systems Ltd.
• General Dynamics Corporation
• IBM
• FLIR Systems
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• SAAB AB
• Thales Group

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Homeland Security and Emergency Management Market
• Value Chain Analysis of Global Homeland Security and Emergency Management Market
• What is the CAGR of the global Homeland Security and Emergency Management Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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