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The global homeland security and emergency management market size stood at USD 590.66 billion in 2022. The market value is slated to rise from USD 631.42 billion in 2023 to USD 914.07 billion by 2030 at a CAGR of 5.4% during 2023-2030.
Fortune Business Insights™ presents this information in its report titled “Homeland Security and Emergency Management Market Size, Share & COVID-19 Impact Analysis, By System (Modeling and Simulation, Communication System, Rescue and Recovery System, Intelligence and Surveillance System, Detection and Monitoring System, Weapon System, Command and Control, and Others), By Service (Cyber Security, CBRNE Security, Aviation Security, Maritime Security, Law Enforcement and Intelligence Gathering, Critical Infrastructure Security, Risk and Emergency Services, Border Security, and Others), By End-User (Homeland Security, Emergency Medical Services, Fire Fighting Services, Search and Rescue, and Private & Perimeter Security), and Regional Forecast, 2023– 2030”.
The homeland security and emergency management market is being impelled by the growing product usage for the improvement of customer experience, intelligent network planning, and the overall decision-making process. These factors are anticipated to augment market growth during the forecast period.
Enforcement of Lockdown Restrictions Led to Rapid Adoption of Remote Communication Technologies amid Pandemic
The COIVD-19 pandemic led to the enforcement of social distancing norms and lockdown restrictions. This boosted the adoption of remote monitoring and communication technologies for the efficient management of operations. Investments in border security technology were further driven by the implementation of stringent travel restrictions and border controls.
USDA Awarded Five-Year Contract to Dynamo Technologies and Alpha Omega to Support Cyber Security Operations
In February 2023, the U.S. Department of Agriculture (USDA) Office of the Chief Information Office (OCIO) Information Security Center Program and Security Management (ISC) awarded a five-year contract worth USD 70 million to Alpha Omega and Dynamo Technologies.
The contract was centered on giving support for mission-critical cyber security operations across agencies of the USDA. The deal would allow Alpha Omega in service expansion beyond the SOC for providing strategic support to the ISC.
Industry Value to Surge with Increasing Situational and Security Awareness
Factors driving the homeland security and emergency management market growth are the escalating demand for emergency modernization programs and surging demand for security and situational awareness. The growing awareness enhances the ability of first responders to identify, process, and analyze critical information systems associated with an emergency scenario during critical situations.
However, the lack of proactive measures, particularly in emergency response and cyber security, may hamper market growth to some extent.
Major Industry Players Launch New Products to Strengthen Product Portfolio
Key industry participants undertake research activities and develop new homeland security and emergency management products. These steps are being deployed for gaining competitive edge and strengthening their business scenario across various regions.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/homeland-security-and-emergency-management-market-102743
List of Key Players Profiled in the Report:
Notable Industry Development
December 2019 – Leidos won a contract from Defense Information Systems Agency (DISA) for providing network services under the Global Solutions Management-Operations II. The contract has a five-year base period and will cover various services, including network cybersecurity assurance, network maintenance and repair, and network operations and sustainment.
Further Report Findings:
Table of Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 5.4% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By System
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By Service
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By End User
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Regions
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