Global Homeland Security And Emergency Management Market Overview 2024: Size, Drivers, And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The homeland security and emergency management market has experienced robust growth in recent years, driven by factors such as global terrorism threats, natural disasters, and critical infrastructure protection. The market size is expected to reach $767.25 billion in 2024, with a compound annual growth rate (CAGR) of 8.1%.
Impact of Increased Defense Expenditure
One of the key drivers of market growth is the surge in global defense-related expenditure. The defense budget plays a vital role in funding homeland security and emergency management initiatives, as both fields require substantial financial resources to ensure the safety and security of individuals and critical infrastructure. For example, total worldwide military spending is expected to increase by 0.7% in real terms to $2113 billion, according to the Stockholm International Peace Research Institute.
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Key Players in the Market
Major companies operating in the homeland security and emergency management market include General Dynamics Corporation, Northrop Grumman Corporation, Thales Group, and Lockheed Martin Corporation. These companies are focusing on technological advancements to drive innovation in the market, such as the use of artificial intelligence and machine learning for threat detection and response.
Technological Advancements
Technological advancement is a key trend in the market, with companies developing new solutions to enhance security and response capabilities. For example, Darktrace launched PREVENT, a networked collection of AI technologies that provide proactive cybersecurity to help prevent cyberattacks. This highlights the increasing importance of advanced technologies in homeland security and emergency management.
Recent Developments
In January 2021, Juvare acquired Nusura LLC, a homeland security and emergency management consulting and technology company. This acquisition enhances Juvare’s emergency preparedness and response capabilities, strengthening its position in the market.
Market Segmentation and Regional Analysis
The market is segmented by technology, vertical, and end-user. North America was the largest region in 2023, with Asia-Pacific expected to be the fastest-growing region in the forecast period.
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The Homeland Security And Emergency Management Global Market Report 2024 provides an overview of the homeland security and emergency management market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The homeland security and emergency management market forecast analyzes homeland security and emergency management market size, homeland security and emergency management market share, leading competitor and their market positions.
The Table Of Content For The Homeland Security And Emergency Management Market Include:
1. Homeland Security And Emergency Management Market Executive Summary
2. Homeland Security And Emergency Management Market Segments
3. Homeland Security And Emergency Management Market Size And Homeland Security And Emergency Management Market Growth Rate
4. Key Homeland Security And Emergency Management Market Trends
5. Major Homeland Security And Emergency Management Market Drivers
……
25. Key Mergers And Acquisitions In The Homeland Security And Emergency Management Market
26. Top Homeland Security And Emergency Management Companies
27. Homeland Security And Emergency Management Market Opportunities And Strategies
28. Homeland Security And Emergency Management Market, Conclusions And Recommendations
29. Appendix
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