Research and Markets: Global Homeland Security Market Report

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The Global Homeland Security Market is estimated at a value of $415.53 billion for 2013 and is expected to register a CARC of 5.54% to reach $544.02 billion by 2018. The threat of cross border terrorism, cybercrime, piracy, drug trade, human trafficking, internal dissent and separatist movements has been a driving factor for the homeland security sector. This is according to an in-depth Research and Markets survey.

The sector is highly competitive with a host of industry participants vying for contracts and the tightening financial situation in most western countries is expected to increase competition. Budget cuts in most western countries are anticipated to have minimal impact on the homeland security market; however, spending on cyber security, surveillance systems, IT and communications systems is set to increase.

iHLS – Israel Homeland Security

The industry is fragmented and most of the tier-1 players are from U.S. and Europe. These firms have the required know-how and technology and have an active presence across the globe thus becoming the major shareholders in this growing market. A further increase in merger and acquisitions, technology transfer, joint development and production, partnerships and offset agreements between western and other developing nations are anticipated.