Homeland Security Market Will Boast Developments in Global Industry by 2022-2028
The global homeland security market is projected to be valued at $8,03,967.3 million by 2028, surging from $4,92,362.3 million in 2020, at a noteworthy CAGR of 6.1%.
Analysis of Covid-19 Impact on Homeland Security Market
The Covid-19 impact on the homeland security market has been negative.Major companies in this sector such as Northrop Grumman Corporation, Lockheed Martin Corporation, Leonardo Inc, and others have experienced a reduction in demand in the homeland security market. These factors are expected to negatively impact the market growth.
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Global Homeland Security Market Analysis
The increasing number of incidents related to cyber security globally is expected to aid the growth of homeland security market share in the forecast period. The sensitive information in different fields such as financial organizations, crucial defense data, and theft of public data from government records lead to high economic and social costs to the internal security of a country or an organization. The threat of cyber-attacks has increased the adoption of cyber security solutions such as critical infrastructure security, application security, antivirus programs, firewalls, encryption programs, network security, and cloud security, driving the growth of the homeland security market. These factors are expected to contribute to the growth of the global homeland security market
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Global Homeland Security Market, Segmentation
The global homeland security market is segmented based on type, technology, end-user, and region.
Type:
The type segment is further classified into aviation security, maritime security, critical infrastructure security, cyber security, mass transport security, CBRN, and others. Among these, the cyber security sub-segment is expected to have the largest market share and surpass $2,27,201.8 million by 2028, an increase from $ 1,34,648.5 million in 2020.
The threat of cyber-attacks has increased the adoption of cyber security solutions such as critical infrastructure security, application security, antivirus programs, firewalls, encryption programs, network security, and cloud security driving the growth of the homeland security market. The implementation of cybersecurity solutions has advantages such as the prevention of data and networks from any unauthorized access, enhancement in business continuity and information security management, prediction of potential cyberattacks, and others. These factors are expected to aid the growth of the homeland security market. These factors are expected to positively impact this sub-segment in the forecast period.
Technology:
The technology segment is further classified into recognition & surveillance systems, security platforms, and others. Among these, the security platform sub-segment is anticipated to dominate the technology sub-segment in the forecast period and surpass $3,84,144.6 million by 2028, an increase from $2,34,665.8 million in 2020.
The growing prerequisite for integrated solutions within the counter terrorism operations in numerous fields of security like armed forces, facial recognition cameras, thermal imaging technology, ai based solutions, emergency management and flir thermal imaging camera, police, and border security is predicted to aid the expansion of security platform sub-segment in the forecast period. The implementation of AI algorithms and smart sensors in police and security forces, to identify people and objects at important locations such as airports is expected to help in strengthening the ground security on the premises. In border security, the use of AI algorithms and smart sensors detect potentially dangerous people and objects at border crossings, customs checkpoints, and other ports of travel.
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Key Players in the Global Homeland Security Market
Northrop Grumman.
L3Harris Technologies INC.
General Dynamics Corporation
BAE Systems.
Thales Group
Leonardo S.p.A.
Elbit Systems Ltd.
Rohde & Schwarz
Leidos Holdings, Inc
Unisys Corporation.
Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.
Homeland Security Market Will Boast Developments in Global Industry by 2022-2028
The global homeland security market is projected to be valued at $8,03,967.3 million by 2028, surging from $4,92,362.3 million in 2020, at a noteworthy CAGR of 6.1%.
Analysis of Covid-19 Impact on Homeland Security Market
The Covid-19 impact on the homeland security market has been negative.Major companies in this sector such as Northrop Grumman Corporation, Lockheed Martin Corporation, Leonardo Inc, and others have experienced a reduction in demand in the homeland security market. These factors are expected to negatively impact the market growth.
Stay ahead of your Competitors, Request an PDF Sample of Homeland Security Market@ https://www.researchdive.com/download-sample/8489
Global Homeland Security Market Analysis
The increasing number of incidents related to cyber security globally is expected to aid the growth of homeland security market share in the forecast period. The sensitive information in different fields such as financial organizations, crucial defense data, and theft of public data from government records lead to high economic and social costs to the internal security of a country or an organization. The threat of cyber-attacks has increased the adoption of cyber security solutions such as critical infrastructure security, application security, antivirus programs, firewalls, encryption programs, network security, and cloud security, driving the growth of the homeland security market. These factors are expected to contribute to the growth of the global homeland security market
Avail 10%OFF on Report Customization of Homeland Security Market@ https://www.researchdive.com/request-for-customization/8489
Global Homeland Security Market, Segmentation
The global homeland security market is segmented based on type, technology, end-user, and region.
Type:
The type segment is further classified into aviation security, maritime security, critical infrastructure security, cyber security, mass transport security, CBRN, and others. Among these, the cyber security sub-segment is expected to have the largest market share and surpass $2,27,201.8 million by 2028, an increase from $ 1,34,648.5 million in 2020.
The threat of cyber-attacks has increased the adoption of cyber security solutions such as critical infrastructure security, application security, antivirus programs, firewalls, encryption programs, network security, and cloud security driving the growth of the homeland security market. The implementation of cybersecurity solutions has advantages such as the prevention of data and networks from any unauthorized access, enhancement in business continuity and information security management, prediction of potential cyberattacks, and others. These factors are expected to aid the growth of the homeland security market. These factors are expected to positively impact this sub-segment in the forecast period.
Technology:
The technology segment is further classified into recognition & surveillance systems, security platforms, and others. Among these, the security platform sub-segment is anticipated to dominate the technology sub-segment in the forecast period and surpass $3,84,144.6 million by 2028, an increase from $2,34,665.8 million in 2020.
The growing prerequisite for integrated solutions within the counter terrorism operations in numerous fields of security like armed forces, facial recognition cameras, thermal imaging technology, ai based solutions, emergency management and flir thermal imaging camera, police, and border security is predicted to aid the expansion of security platform sub-segment in the forecast period. The implementation of AI algorithms and smart sensors in police and security forces, to identify people and objects at important locations such as airports is expected to help in strengthening the ground security on the premises. In border security, the use of AI algorithms and smart sensors detect potentially dangerous people and objects at border crossings, customs checkpoints, and other ports of travel.
Speak to our Expert to know more about Post COVID-19 Impact on Homeland Security Market@ https://www.researchdive.com/connect-to-analyst/8489
Key Players in the Global Homeland Security Market
Northrop Grumman.
L3Harris Technologies INC.
General Dynamics Corporation
BAE Systems.
Thales Group
Leonardo S.p.A.
Elbit Systems Ltd.
Rohde & Schwarz
Leidos Holdings, Inc
Unisys Corporation.
Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.
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