Docstoc

The Global Homeland Security Market 2012–2022

Document Sample
The Global Homeland Security Market 2012–2022 Powered By Docstoc
					The Global Homeland Security Market 2012–2022

The market is expected to be dominated by Asia Pacific, followed by North America and Europe

London, October 5th, 2012 – The global homeland security market is estimated to value US$197.9
billion in 2012 and to increase at a CAGR of 3.55% during the forecast period, to reach its peak of
US$280.6 billion by 2022. The market consists of six categories which include Infrastructure, Counter
Terrorism, Maritime Security, Police Modernization, Border Security and Cyber Security.

The demand for homeland security equipment is anticipated to be driven by internal security threats
such as terrorism, illegal border infiltration, piracy, drug trafficking, cyber espionage and critical
infrastructure security among several others. Cumulatively, the global market is expected to value
US$2595 billion during the forecast period. The market is expected to be dominated by Asia Pacific,
followed by North America and Europe. The Asia Pacific region accounts for the highest expenditure
in the homeland security sector as emerging economies such as India and China execute extensive
modernization programs for their respective police forces and other security infrastructure which
were neglected in the past few decades.

                               Global Homeland Security Market (US$ Billion), 2012–2022

                 300


                 250


                 200
   US$ Billion




                 150
                                                                                                       280.6
                                                                                               264.4
                                                                               242.9   251.4
                                                       236.9   238.2   237.7
                                       215.4   223.3
                 100   197.9   206.4



                 50


                  0
                       2012    2013    2014    2015    2016    2017    2018    2019    2020    2021    2022

One of the primary functions of the homeland security initiatives taken by the various countries
includes protection against terrorist activities, minimizing the damage and recovering quickly from
attacks. Currently, the major driver of the global homeland security market is the rise in terrorist
activities across the world. The wars against Afghanistan and Iraq have increased the threat of
terrorist attacks against countries all across the world including the US, the UK, Israel, India, Pakistan
and Indonesia. Moreover, recent years have witnessed advancement in technologies used by
terrorists and this has fueled research and development activities by various countries in an
endeavor to develop effective and advanced counter measures.
The growing number of terrorist attacks, threat of plane hijackings, corporate security and identity
theft are all factors that have resulted in the growth of biometrics as an essential security measure.
The major drivers of biometrics technologies are the large scale government ID and security
programs which are needed to facilitate mass surveillance and access control management. These
technologies, which are gradually replacing conventional methods of identification and security
checking, are being increasingly used in various civil and commercial applications including point of
sale, ATMs and border security.

While the global homeland security market is definitely an attractive and lucrative one, the sheer
scale of funding required to effectively implement the new technologies presents an obstacle for
market growth. This especially holds true in light of planned defense budget cuts announced by
various countries globally and especially by European countries. High costs have led to many
governments redirecting their budgets towards more manpower-intensive solutions or towards
relatively commoditized and cost-effective systems.

About ICD Research

ICD Research is a full-service global market research agency and premium business information
brand specializing in industry analysis in a wide set of B2B and B2C markets. ICD Research has access
to over 400 in-house analysts and journalists and a global media presence in over 30 professional
markets enabling us to conduct unique and insightful research via our trusted business communities.
Through its unique B2B and B2C research panels and access to key industry bodies, ICD Research
delivers insightful and actionable analysis. The ICD Research survey capabilities grant readers access
to the opinions and strategies of key business decision makers, industry experts and competitors as
well as examining their actions surrounding business priorities.

About Strategic Defence Intelligence

Strategic Defence Intelligence's unique monitoring platform tracks global defence activity for over
2,500 companies and 65 product categories in real time and in a highly structured manner, giving a
comprehensive and easily-searchable picture of all defence industry activity. The site features: daily
updated analysis, comment and news, company and customer profiles, defence spending, tenders
and contracts, product and technology intelligence, a research and analysis database providing
access to industry and competitor reports to enable business and market planning, and fully
customizable tools, including instant personalized report generation and custom alerts.

About Us:
ReportsnReports.com provides market research reports to industries, individuals and organizations
with an objective of helping them in their decision making process. Our library of 200,000+ industry
& country research reports covers 5000+ micro markets.

Contact Us:
TX, Dallas North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas 75252.
+ 1 888 391 5441
sales@reportsandreports.com

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:16
posted:10/9/2012
language:English
pages:2
Description: The global homeland security market is estimated to value US$197.9 billion in 2012 and to increase at a CAGR of 3.55% during the forecast period, to reach its peak of US$280.6 billion by 2022.