Global homeland security market to hit $280.6 billion by 2022 says new report

Share Article

Global homeland security market to be dominated by Asia Pacific, followed by North America and Europe says new study from Reportbuyer.com.

Report Buyer

Asia Pacific region accounts for the highest expenditure in the homeland security sector

According to The Global Homeland Security Market 2012-2022 - Country Analysis: Market Profile available from Reportbuyer.com, the global homeland security market will hit $197.9 billion in 2012 and continue at a CAGR of 3.55%, reaching $280.6 billion by 2022.

The report analyses the six main market 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.

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 modernisation programs for their respective police forces and other security infrastructure which were neglected in the past few decades.

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 defence 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 commoditised and cost-effective systems.

The report The Global Homeland Security Market 2012-2022 - Country Analysis: Market Profile is now available from Reportbuyer.com

http://www.reportbuyer.com/go/SDE00307

About Report Buyer.
ReportBuyer.com is the independent online store for global business information. The website now lists more than 300,000 company overviews, market research reports, industry studies and business books from over 300 specialist publishers.

54 Maltings Place
169 Tower Bridge Road
London, SE1 3LJ
United Kingdom

t. +44 (0) 20 7060 7474
f. +44 (0) 20 7378 8711

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Joe Walsh
Follow us on
Visit website