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Homeland security market forecast to 2022 insights shared in detailed report

In this report, the global Homeland Security market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

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Homeland security is a collective term for a wide variety of initiatives and plans undertaken by government bodies to protect their country from threats. The umbrella term of homeland security covers diverse agencies such as aviation, marine, mass transit,.

that can be targeted by terrorists and other illicit and dangerous activities such as human trafficking. Due to its crucial nature to a nation’s safety and integrity, homeland security is among the highest priorities for any government.The global homeland security market is rising steadily owing to the high threat of terrorism in various parts of the world.

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Growing human trafficking and consequent demand for stricter border patrol has also aided the global homeland security market. Drug trafficking is also a serious concern for many countries around the world and also necessitates tough homeland security measures.

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Homeland security functions to avert any terrorist attacks on the homeland and to provide resilience in case of an attack. It also has to provide credible security against cyber fraud and cyber espionage and provide detection and protection capabilities against CBRN threats.& The threat of cross border terrorism, cybercrime, piracy, drug trade, human trafficking, internal dissent, separatist movements has been a driving factor for the homeland security market.

The risk of terrorist attack has led to an increase in aviation security spending. The illegal arms and drug trafficking and immigration has led to heightened border and seaport security and has increased the demand for explosive detection systems, body scanners and baggage screening systems.

The threat of a cyber attack disrupting public and private network and infrastructure has driven the cyber security spending across the past decade. The need for effective identification and security checking and the need to provide access control to critical infrastructure have led to the adaptation biometric and other identification technologies.

The general IT modernization has greatly improved record keeping and coordination of cases across the internal security department and thus has gained wide acceptance across the world and is seen as yet another driver in the homeland security sector. Similarly the need for effective command, control and intelligence apparatus for the first responders has led the need for effective C3I systems.

The upgrading of border security and the demand for effective immigration control has fueled the need for biometrics, fixed surveillance devices, and unmanned aerial vehicles.

“The defense cuts have another angle to them,” says a TMR analyst. “Many countries, particularly developed countries, are looking to trim down their defense forces to make them more efficient and effective.”This helps countries achieve the same level of protection at reduced costs.

This bodes well for the global homeland security market in the long run, as this will lead to smart homeland security options, such as unmanned drones and other high-tech products. This represents a defining opportunity for major players in the global homeland security market such as Harris Corporation, Elbit Systems Ltd., General Dynamics Corporation, Thales Group, FLIR Systems, Inc., Safran S.A., L-3 Communications Holdings, Inc., and others.Apart from segment-wise historical and present-day data about the global homeland security market, the research report also profiles these and other major players operating in the global homeland security market, in order to give its readers a clear view of the competitive landscape of the market.

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