London, UK (PRWEB) August 21, 2014
The world police modernization and counter terrorism market is expected to see a CAGR of 2.61% during 2014-2024, with the increase in global spending on the relevant equipment set to be driven by internal security threats and critical infrastructure protection, amongst other factors. The total market is expected to reach USD 565 billion in cumulative value over the forecasted period, and is likely to be dominated by APAC, with Europe and North America following after.
APAC is responsible for the highest spending in the sector as emerging India and China execute large-scale modernization programs for their pertinent security infrastructures, which were formerly neglected. The Chinese internal security budget is set to surpass that of the country’s defense budget and a stable expenditure level is expected to be maintained through to the end of 2024.
In the European region, in spite of the economic recession, the share of the global market is projected to increase due to the ongoing threat of terrorism faced by these nations. By category, the police force infrastructure segment is likely to account for the biggest proportion of expenditure in the global market, followed by police force ordnance, mobility and others, counter terrorism infrastructure and counter terrorism ordnance, mobility, etc.
In-demand research report “The Global Police Modernization and Counter Terrorism Market 2014-2024” worked out by Strategic Defence Intelligence (SDI) is now available at MarketPublishers.com.
Title: The Global Police Modernization and Counter Terrorism Market 2014-2024
Published: July, 2014
Price: US$ 4,800.00
The report offers an up-close look at the current state of the world police modernization and counter terrorism market alongside narrating how the market has developed over the past few years. The study presents a thorough discussion of the recent industry developments and factors driving and restraining growth in the sector, pinpoints the most promising market growth opportunities and sheds light on the key challenges faced by the major market participants. The study uncovers data illustrating the market performance, presents market size forecast figures for the next 10 years, canvasses the top market trends of the ever-changing industry structure and discusses a lot more important industry related themes. The report gives details on the major programs in each market segment to be executed over the forecast period, contains a detailed SWOT analysis of the industry, gives in-depth country analyses, and also assesses the competitive landscape alongside profiling the top industry players.
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