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A report on “Big Data & Data Analytics Market in Homeland Security and Public Safety: 2017-2022” forecasts that this industry’s revenues will grow at a 2015-2022 CAGR (Compound Annual Growth Rate) of 17.5%, reaching $11 Billion by 2022.
According to the report by the world market research company Research and Markets, published on businesswire.com, the use of big data and data analytics by Homeland Security, Public Safety organizations and intelligence agencies is on the rise, mainly because the world is becoming more digital and connected. This is creating new problems which store opportunities, not only for data collection and storage, but also for intelligence processing, exploitation, dissemination, and analysis.
Big data and data analytics technologies can increase the investigative capabilities of intelligence organizations in many relevant aspects, including war on crime & terror, defense from cyber-attacks, public safety, disaster and mass incident management, and development of predictive capabilities. All fields of Intelligence benefit from growth in big data including SIGINT Market, Cyber defense activities and financial investigations.
Research and Markets forecast that the big data and data analytics in Homeland Security and Public Safety market in Asia Pacific and Europe will grow rapidly, with CAGR in the low 20s, especially due to the Chinese and Western European markets.
The Report is based on Markets such as Government Intelligence Agencies, Law Enforcement and Financial Services Industry & Fraud Detection. The Big Data in HLS Market report presents leading companies operating in the market by technology, among them are: Accenture, Cisco Systems and Dell.