1. Home
  2. > ICT
  3. > Cybersecurity Market Trends
Homeland Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis By End User and Security Type

Homeland Security Market Forecast to 2028 - COVID-19 Impact and Global Analysis By End User and Security Type

  • August 2022
  • 180 pages
  • ID: 6321044
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The Homeland Security market is expected to grow to US$ 275.50 billion by 2028 from US$ 188.99 billion in 2022; it is estimated to grow at a CAGR of 6.5% from 2022 to 2028.

Homeland security plays a crucial role in ensuring the safety of both the private and public sectors of nations.Thus, the rise in spending by state and regional government bodies to procure and indicate security solutions is influencing the global homeland security market players to undertake various strategic initiatives such as new product development, strategic partnerships, and mergers & acquisitions.

Major homeland security market players include Elbit Systems, General Dynamics, IBM Corp, Lockheed Martin Corporation, Northrop Grumman Corporation, and Thales Group. Some of the strategic initiatives followed by these vendors are as follows:
• IBM Corp. has engaged itself in acquiring various cyber security and threat detection solution providers to enhance its product portfolio. In November 2021, the company acquired ReaQta to integrate its automated technology for identifying and managing threats. Similarly, in June 2022, the company acquired Randori, which provides attack surface management and offensive cyber security solutions.
• In December 2021, Leidos announced its contract with the US Department of Homeland Security (DHS) Cybersecurity and Infrastructure Security Agency (CISA) for the Priority Services Scientific, Engineering, and Technical Assistance (PS-SETA).
• In July 2022, Thales Group acquired ONEWELCOME to enhance its cyber security product portfolio. ONEWELCOME offers one of the prominent customer identity and access management solutions to both public and private players.
Thus, the rise in strategic initiatives taken by homeland security market players is enhancing the product portfolio offered. These factors are expected to further augment the growth of the homeland security market over the forecast period.

Impact of COVID-19 Pandemic on Global Homeland Security Market

North America was adversely impacted owing to the pandemic.Manufacturing units were shut or operating with a partial workforce, and the supply of components and raw materials was disrupted.

The closure of local and international borders and the temporary shutdown of airports across the region to restrict the entry of individuals directly influenced the demand for security solutions, thereby negatively impacting the market’s growth.These were some major challenges faced by homeland security system manufacturers in North America.

However, critical system manufacturers could continue their operations, and the governments aided the contractors.For instance, the Federal Aviation Administration awarded a contract to the NDI Recognition Systems surveillance system after successfully delivering the first NDI Remote Surveillance System-Maritime to the Department of Homeland Security / Customs and Border Protection in 2020.

Post experiencing a marginal drop in revenues, the homeland security manufacturers and service providers started to witness a stable demand from Q3 of 2020, which helped revive the homeland security market. However, critical investment was made in 2020 by the US Department of Homeland Security to ensure safety across the nation. For instance, in 2020, the US DHS awarded ManTech a contract worth US$ 273 million for border control analytic services for the next 5 years by 2025. Such investments made in 2020 are expected to impact the market growth positively across the region.

The terrorist attacks on the US and attacks on European countries such as the UK and Spain prompted both sides of the Atlantic to reinvigorate their respective efforts to ensure homeland security and combat terrorism.However, the US and European approaches to these issues differ.

The US has embarked on an extensive reorganization of its domestic security and border protection institutions.European countries have preferred to work within their existing institutional architectures to combat terrorism and respond to other security challenges and disasters, both natural and man-made.

For instance, in July 2021, the French Ministry of the Interior selected four companies to create the administration system for its digital identity scheme—Sopra Steria, Atos, and collaboration between Idemia and Idakto.

Further, the rising cross-border conflicts across European countries have also led to an increase in homeland security spending across the countries of the region.For instance, countries such as Germany and Belgium have already announced their spending to be doubled next year for 2023 for their national security operations.

Moreover, concerns related to national security are also on the rise across European nations due to the ongoing war between Russia and Ukraine, which is another major factor expected to propel the homeland security market growth across the European region in the next few years.

Elbit Systems, IBM Corporation, Leidos, Thales Group, Teledyne Flir LLC, Northrop Grumman Corporation, Raytheon Technologies Corporation, Textron Systems, and General Dynamics Information Technology Inc. are among the homeland security market players profiled in this market study. Many other homeland security market vendors such as Accenture; Peraton; Mantech International Corporation; AT&T; Micro-X; Echodyne; BAE Systems; L3Harris Technologies; ATOS; HFCL Limited; Mistral Solutions; Homeland Security Solutions, Inc.; and Rolta have also been analyzed during the study to get a better and holistic view of the homeland security market. Organic and inorganic growth strategies adopted by these companies to expand their product portfolio and global presence are expected to contribute to the growth of the homeland security market.

The overall homeland security market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the homeland security market size.

The process also serves the purpose of obtaining an overview and forecast of the homeland security market growth with respect to all market segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.

Participants of this process include VPs, business development managers, intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global homeland security market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Europe Homeland Security Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by End User and Security Type

  • $ 3000
  • November 2022
  • 168 pages

The homeland security market in Europe is expected to grow from US$ 54,901.44 million in 2022 to US$ 82,121.60 million by 2028. It is estimated to grow at a CAGR of 6.9% from 2022 to 2028. Rise in Severe ...

  • Europe
  • Cybersecurity
  • Maritime Transport
  • Industry analysis
  • Number Of Airports
  • Air Passenger Traffic

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on