Growing Cases of Man-Made Disasters and Cyber Attacks to Raise Demand for Homeland Security

Homeland security is gaining a massive demand in various countries across the globe, owing to the increase in the number of threats on cyber attacks on the technology and information. Thus, there has been a subsequent surge in the demand for surveillance and security measures to effectively limit, hinder, or stop the privacy hampering breaches.

Besides, homeland security essentially abides by the initiative laid down by the government to provide resilience and security from all potential natural as well as man-made disasters. Hence, homeland security plays an instrumental role in combating, defending, and safeguarding the nation by encompassing security against various threats and mishaps such as cyber fraud, drug trafficking, terrorist attacks, floods, hurricanes, earthquakes, illegal weapons, tornadoes, and others. Homeland security ensures public safety and ranges from various sources of security including transport security, cyber security, aviation security, border security, and law enforcement. These factors are expected to drive the demand for homeland security in various countries across the globe in the coming years.

In addition, growing cases of several criminal activities across the globe such as terrorist threats and attacks, illegal immigration of people, cross border disputes, human trafficking, and smuggling among others. Conversely, there has also been a significant surge in the number of man-made disasters over the last couple of years. This significantly contribute to the increased demand for homeland security. Some of the adverse man-made disasters include chemical spills, oil spills, structural collapse, mining accidents, gas explosions and fires, nuclear and radiation accidents, grid failure, civil unrest, drinking water contamination, and others. Thus, several companies and governments across the globe are incessantly engaged in increasing investments to equip effective homeland security and emergency management personnel during times of emergencies.

Moreover, rising adoption of innovative technologies and cloud-based applications and services so as to ideally meet the IT security needs and privacy concerns of the company are expected to boost the demand for homeland security in the forthcoming years. The demand and importance of maintaining information security of both company and the client by various companies around the world has surged exponentially. Popular companies such as IBM, HPE, Symantec, McAfee, and Cisco offer remarkable cybersecurity solutions on a Software-as-a-Service (SaaS)-based delivery model over the cloud. These cloud-based platforms provide a centralized way to protect the web and mobile applications and networks across the organization throughout the production, development and implementation phases.

Additionally, persistent technological advancements in homeland security, rapid urbanization, ever-growing population, and extensive investments undertaken from the government are expected to create tremendous opportunities for the growth of the global homeland security market. According to the report published by Allied Market Research, the homeland security market is expected to reach $801.01 billion in 2028, registering a CAGR of 5.7% from 2021-2028.

Numerous players of the market are launching new, innovative homeland security solutions so as to effectively cater to the needs of people. For instance, the U.S. Department of Homeland Security (DHS) announced the launch of its Cyber Safety Review Board (CSRB). The CSRB is an unprecedented public-private initiative that envisions to bring together industry leaders and government to collectively uplift the nation’s cybersecurity.  The CSRB will review and assess significant cybersecurity events so that government, industry, and the broader security community can better protect our nation’s networks and infrastructure. Thus, persistent launches of homeland security solutions for the citizens and growing cases of natural and man-made disasters across the globe are expected to create ample opportunities for the growth of the market.

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