Market Snapshot

Market Overview

The global Homeland Security and Emergency Management Market size is projected to reach a CAGR of 7.2% from 2023-2030.

Homeland security and emergency management involve the education of all the federal agencies and governments that make an effort to reduce, prevent, and minimize the damage from terrorist attacks, as well as human-made events and the first responders for natural disasters. Homeland security and emergency management help to avoid and deal with risks, majorly those that have catastrophic consequences for regions, communities, or entire countries.

The growing trend of IoT in public safety, increasing biohazard attacks and terrorist threats, and cyber threats leading to the up-gradation of IT systems are some of the major factors driving the growth of the homeland security and emergency management market. Moreover, the occurrence of unpredictable natural disasters owing to ever-changing climatic conditions is anticipated to boost the growth of the homeland security and emergency management market.

On the other hand, High initial investments and Vulnerability to cyberattacks are the major factors that are anticipated to obstruct the growth of the market.

Due to the COVID-19 pandemic, the number of inbound travelers to all the countries in the world dropped drastically, which has reduced the demand for new customs and border protection equipment. On the other hand, the growth in riots, insurgent activities, and natural disasters in the last two years has led to increased demand from law enforcement and emergency management end-users.

Delvens Industry Expert's Standpoint

A vibrant and expanding sector of the economy, the homeland security and emergency management market offers goods and services to safeguard assets, infrastructure, and people from a variety of dangers. The need for security solutions is anticipated to increase further due to the rising number of security risks and natural catastrophes in the world. With several competitors offering a wide variety of goods and services, the market is extremely competitive. Rapid product innovation and technological development are anticipated to fuel market expansion. Overall, the market for homeland security and emergency management is a vital and significant sector of the economy that is necessary to safeguard our safety and the safety of our communities.

Market Portfolio

Key Findings

• The solution segment is further bifurcated into Systems and Services. The systems segment is anticipated to dominate the market during the forecast period. The rising demand for non-lethal weapons used to control riot situations is one of the key factors contributing to the growth of the systems segment. Growth in the procurement of new homeland security systems by various law enforcement agencies across the globe is further propelling the segment’s growth.

• The vertical segment is further segmented into Homeland Security and Emergency Management. The Homeland Security segment is anticipated to dominate the market during the forecast period. The growth for this segment is attributed to various factors such as dynamic climatic conditions, rising natural calamities, government emphasis on safety policies, frequent terror attacks, and domestic violence. Homeland security and emergency management agencies are looking for upgraded and technologically advanced solutions as the majority of existing installations have either become obsolete or are running on outdated technologies.

• The end-user segment is further fragmented into Cybersecurity, Aviation Security, Maritime Security, Law Enforcement and Intelligence Gathering, Critical Infrastructure Security, Risk and Emergency Services, Border Security, and Cbrne Security. The cyber security segment is anticipated to dominate the market during the forecast period. The increased deployment of web and mobile applications by organizations is expected to lead to the growth of the cybersecurity market. Advanced cybersecurity products provide comprehensive security to critical business applications and maintain confidentiality, integrity, and availability.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia Pacific homeland security and emergency management market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific homeland security and emergency management market is primarily driven by increasing focus on the modernization of existing homeland security and emergency management systems by major economies in this region.

Regional Analysis

Asia Pacific to Dominate the Market

• The Asia Pacific homeland security and emergency management market is projected to grow at the highest CAGR during the forecast period.
   
• The growth of the Asia Pacific homeland security and emergency management market is primarily driven by an increasing focus on the modernization of existing homeland security and emergency management systems by major economies in this region. In addition, factors including increasing geopolitical tensions and increased defense-related expenditure are expected to drive the demand for homeland security and emergency management in the region.