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Homeland Security and Emergency Management Market Demand, Recent Trends, Size and Share Estimation by 2027 with Top Players

The global homeland security and emergency management market is likely to gain momentum from the rising utilization of cloud-based services and applications. Besides, the outdated equipment and infrastructure are being upgraded persistently. This information is published by Fortune Business Insights™ in a recent study, titled, “Homeland Security and Emergency Management Market Size, Share and Industry Analysis by System (Modeling And Simulation, Communication System, Rescue And Recovery Systems,


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Ashwini Bhamare

4 months ago | 3 min read
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The global homeland
security and emergency management market
 is likely to gain
momentum from the rising utilization of cloud-based services and applications.
Besides, the outdated equipment and infrastructure are being upgraded
persistently. This information is published by Fortune Business Insights™ in a
recent study, titled, “Homeland Security and Emergency Management Market Size,
Share and Industry Analysis by System (Modeling And Simulation, Communication
System, Rescue And Recovery Systems, Intelligence And Surveillance System,
Detection And Monitoring System, Weapon System, Command And Control, And
Others), By End Use (Cyber Security, CBRNE Security, Aviation Security,
Maritime Security, Law Enforcement and Intelligence Gathering, Critical
Infrastructure Security, Risk and Emergency Services, and Border Security), and
Regional Forecast, 2020- 2027.” The study further mentions that the homeland
security and emergency management market size was USD 549.40 billion in 2019
and is projected to reach USD 777.0 billion by 2027, thereby exhibiting a CAGR
of 4.43% during the forecast period.



The emergence of COVID-19 has brought the world to a standstill.
We understand that this health crisis has brought an unprecedented impact on
businesses across industries. However, this too shall pass. Rising support from
governments and several companies can help in the fight against this highly
contagious disease. There are some industries that are struggling and some are
thriving. Overall, almost every sector is anticipated to be impacted by the
pandemic.



We are taking continuous efforts to help your business sustain and
grow during COVID-19 pandemics. Based on our experience and expertise, we will
offer you an impact analysis of coronavirus outbreak across industries to help
you prepare for the future.



Browse In-depth Summary of This Research Insight@ https://www.fortunebusinessinsights.com/homeland-security-and-emergency-management-market-102743



 



Drivers & Restraints-



High Demand for Situational Awareness to Propel Growth



There is a high demand for situational awareness as it is capable
of analyzing and identifying complex data regarding the battlefield scenarios.
It is very helpful of the decision makers and hence, a significant factor in
land, naval, and air-based operations. Cutting-edge technologies also provide
maritime, ground, and air solutions with unique command, control,
communication, computers, combat, intelligence, surveillance and reconnaissance
(C5ISR) services for providing access to real-time database. However, in the
field of cybersecurity, lack of proactive measures may obstruct the homeland
security and emergency management market growth in the coming years.



Segment-



Rising Usage in Military System to Favor Growth of Detection and
Monitoring System Segment



In terms of system, the market is divided into intelligence and
surveillance system, modeling and simulation, command and control, rescue and
recovery systems, weapon system, communication system, detection and monitoring
system, and others. Out of these, the detection and monitoring system segment
held 25.87% homeland security and emergency management market share in 2019.
This growth is attributable to their increasing usage in various military
equipment and systems.



Regional Analysis-



Upgradation of Conventional Equipment to Favor Growth in North
America



Based on geography, the market is fragmented into South America,
the Middle East and Africa, Asia Pacific, Europe, and North America. Amongst
these, North America procured USD 208.77 billion homeland security and
emergency management market revenue in 2019. This growth is attributable to the
rising military expenditure and upgradation of airborne, air, and land systems
in the U.S. In addition to that, the country houses several prominent
companies, namely, Lockheed Martin Corporation, Raytheon Company, and Northrop
Grumman Corporation. It would also contribute to the growth of the market in
this region.



Asia Pacific, on the other hand, would remain in the second
position owing to the military modernization programs and spending in the
developing countries, such as South Korea, India, and China. Also, the
increasing rates of cybercrime and cross-border conflicts would boost growth.
Europe is set to hold the third position backed by the presence of many
renowned homeland security manufacturers in this region.



Competitive Landscape-



Key Companies Aim to Win New Contracts to Strengthen Positions



The companies are following inorganic and organic strategies, such
as novel product launches and mergers and acquisitions to intensify competition.
They are also trying to get new orders and contracts from reputed firms to
deliver their products and gain a competitive edge. Below are a couple of the
key industry developments:




  • January 2019: General
    Dynamics Information Technology (GDIT) bagged the Navy Cyber Mission
    Engineering Support contract from the U.S. Navy’s Space and Naval Warfare
    Systems Center. The total value of this contract is worth USD 898 million.
    It consists of one six-month option-to-extend-services option, one
    two-year option ordering period, and a five-year base ordering period.
    GDIT will be able to provide innovative solutions catering to the
    warfighting needs of the Navy and Marine Corps.

  • January 2018: Serco Inc.
    acquired BTP Systems, a technology services contractor for USD 20 million.
    It would help the former in broadening its defense sector and include new
    federal consumers.



Fortune Business Insights™ provides a list of all the
organizations present in the homeland security and emergency management market.
They are as follows:



·         
BAE Systems



·         
CACI International Inc.



·         
Collins Aerospace



·         
Elbit Systems Ltd.



·         
General Dynamics Corporation



·         
IBM



·         
L3Harris Technologies Inc.



·         
Lockheed Martin Corporation



·         
Northrop Grumman Corporation



·         
SAAB AB



·         
Thales Group



 







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