Key Players Profiled in this report are : Thales, Lockheed Martin, Raytheon, Smith Detection, BAE Systems, General Dynamics, SAIC, SAAB, CACI, Northrop Grumman, ITT Exelis, L-3 Communications, CSC, EADS and Elbit Systems
Houston, TX -- (SBWIRE) -- 04/27/2018 -- This Report on the Department of Homeland Security. The DHS markets projects The market to Grow at a CAGR of 6% by 2022 The cyber security sector is expected to dominate the global market throughout the forecast period. North America is expected to contribute to global sales during the forecast period.
Increased terrorist attacks, wars between neighboring countries, political unrest, communism and rioting have encouraged adoption of homeland security solutions. It is also expected to lead the market with an increase in the number of natural disasters such as earthquakes, floods, cyclones, fires, industrial accidents, railway accidents, and plane crashes as well as artificial disasters. However, lack of awareness of advanced products and homeland security services and high installation costs limit market growth. The development of technologically advanced products such as unmanned vehicles and T-rays to detect the chemical composition of objects, robots for automation, and human work practices, provide numerous opportunities for growth and development of the homeland security market
This report studies sales (consumption) of Homeland Security in United States market, focuses on the top players, with sales, price, revenue and market share for each player, covering: Thales, Lockheed Martin, Raytheon, Smith Detection, BAE Systems, General Dynamics, SAIC, SAAB, CACI, Northrop Grumman, ITT Exelis, L-3 Communications, CSC, EADS and Elbit Systems
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Cyber Security took the largest share of the total homeland security market as the threat of cyber terrorism, cybercrime and Internet fraud increased. The growing trend of Big Data analysis, which requires BYOD, Internet of Things (IoT), Web distribution, trends, cloud services and enhanced security, provides a huge growth opportunity for the cybersecurity market. In addition, the core infrastructure segment is the fastest growing segment and is expected to grow at a CAGR of 7.2% over the forecast period, driven by government initiatives to protect critical infrastructures in communications, power plants, oil and gas sectors. And security services, manufacturing and other.
Several government initiatives taken to limit rising border insurgency and terrorist threats are expected to drive demand. In addition, with the increase in trafficking, drug trafficking and illegal immigration, governments are trying to persuade them to focus on procuring homeland security solutions.
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Cyber security is expected to be the fastest growing market segment. This growth can be attributed to areas such as North America and Europe, which are investing heavily in cyber-defense, leading to the homeland security market.
In the business environment, advanced technologies such as cloud, social and next-generation mobile computing are fundamentally changing the way information technology is used to share information and conduct online commerce. Today, more than 80% of all transactions are made online, so we seek a high level of safety for transparent transactions.