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Homeland Security And Emergency Management Market Growth to be Driven by Emerging Trends | $1053.7 Billion by 2029
Homeland Security And Emergency Management
What is the Projected Market Size of the Homeland Security And Emergency Management Industry?
The market size for homeland security and emergency management has been on a consistent upswing in recent years. The market, which was valued at $751.61 billion in 2024, is projected to reach $806.47 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.3%. Factors contributing to this notable growth during the historic period include escalating concerns regarding global terrorism, natural catastrophes, the protection of critical infrastructures, rising urbanization and issues around public safety.
What Will Be the Size of the Homeland Security And Emergency Management Market by 2029?
The market for homeland security and emergency management is poised to expand significantly over the upcoming years, with anticipations of reaching $1053.7 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this surge during the predicted period include the effects of climate change, preparedness for biological threats, autonomous systems, worldwide health crises, reinforcement of critical infrastructure, as well as community involvement and communication. Key trends expected to dominate this period encompass cybersecurity and data sharing, border control and immigration handling, collaborations between public and private sectors, mobile and cloud-based solutions, measures against terrorism, plus biometric and identity management solutions.
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What Are the Key Drivers Accelerating Growth in the Homeland Security And Emergency Management Market?
The escalating risk of terrorist attacks is playing a substantial role in expanding the homeland security and emergency management market. Homeland security involves a joint effort to assure the safety, endurance, and resistance of the homeland against terrorism, and this escalating risk is anticipated to fuel the worldwide expansion of the homeland security market. For instance, statistics from OWID (our world in data) reveal that terrorist attacks have led to the death of an average of 21,000 individuals annually worldwide over the years. Consequently, the heightened risk of terrorism is predicted to drive the expansion of the homeland security and emergency management market.
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How Is the Homeland Security And Emergency Management Market Segmented by Type, Application, and Region?
The homeland security and emergency management market covered in this report is segmented -
1) By Technology: AI Based Solutions, Blockchain Solutions, C2 Solutions, Thermal Imaging Technology, Facial Recognition Cameras
2) By Vertical: Homeland Security, Emergency Management
3) By End User: Maritime Security, Aviation Security, Cyber Security, Border Security, Risk And Emergency Services, Law Enforcement And Intelligence Gathering
Subsegments:
1) By AI Based Solutions: Predictive Analytics, Threat Detection Systems, Automated Surveillance
2) By Blockchain Solutions: Secure Data Sharing, Identity Management, Supply Chain Security
3) By C2 Solutions (Command And Control): Integrated Communication Systems, Incident Management Software, Situational Awareness Tools
4) By Thermal Imaging Technology: Surveillance Cameras, Handheld Thermal Scanners, Fixed Thermal Sensors
5) By Facial Recognition Cameras: Fixed Cameras, Mobile Cameras, Integrated Surveillance Systems
What Are the Key Trends Driving Growth in the Homeland Security And Emergency Management Market?
The on-going progression of technology is a significant trend in the homeland security and emergency management market. Numerous major corporations in the homeland security arena are focused on the innovation of new technology-based solutions to reinforce their market stance. The usage of cutting-edge technologies such as artificial intelligence and machine learning has been observed in the market. These technologies, with features like facial recognition, fifth-gen network tech, and chemical and biological identification, aid in pinpointing risks and prescribing appropriate responses. For example, in July 2022, a cyber-defense focused IT company based in the UK, Darktrace, unveiled PREVENT. This is an interconnected system of AI technologies that offer active cyber security, enabling businesses to mitigate impending cyber threats. The AI functionalities of PREVENT work independently via a continuous feedback mechanism to enhance the security protocols within a firm.
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Who Are the Leading Companies Driving Growth in the Homeland Security And Emergency Management Market?
Major companies operating in the homeland security and emergency management market are General Dynamics Corporation, Elbit Systems Ltd., Northrop Grumman Corporation, Thales Group, Raytheon Technologies Corporation, Lockheed Martin Corporation, Leidos, The International Business Machines Corporation, Teledyne Systems LLC, BAE Systems PLC, Honeywell International Inc., L3Harris Technologies Inc., Motorola Solutions Inc., Siemens AG, Booz Allen Hamilton Holding Corporation, Science Applications International Corporation Inc., CACI International Inc., ManTech International Corporation, Jacobs Engineering Group Inc., Parsons Corporation, AECOM, Tetra Tech Inc., ICF International Inc., WSP Global Inc., G4S PLC, Securitas AB, Allied Universal, GardaWorld Corporation, Secom Co. Ltd.
Which Is the Leading Region in the Global Homeland Security And Emergency Management Market?
North America was the largest region in the homeland security and emergency management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the homeland security and emergency management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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