WASHINGTON, March 27, 2019 /PRNewswire/ — According to a new market research report Global Homeland Security & Public Safety Market – 2019-2024, published by Homeland Security Research Corp. (HSRC), the Public Safety & Homeland Security market (including sales, integration & installation, outsourced services, planning, consulting, maintenance and upgrades) is forecast to grow from $431B in 2018 to $606B by 2024.

“HSRC is proud to publish the industry’s gold standard for homeland security & public safety market research reports. This 2420-page market report consists of 16 vertical, 24 technology and 43 national market reports, segmented into 630 submarkets,” said Dan Inbar, CTO and Head of Research at HSRC.

Almost 18 years have passed since 9/11, and the global Public Safety & Homeland Security market is forecast to go through major shifts. New and maturing technologies, such as artificial intelligence, big data & data analysis, smart sensors, AI-based cybersecurity, 5G, TETRA & LTE emergency communication and AI based video analytics, will create new market segments and fresh business opportunities.

During the 2019-2024 forecast period, legacy and dominating technologies, such as C2/C4ISR and intrusion detection systems will be replaced by more advanced technological solutions such as cybersecurity, big data analytics & artificial intelligence, and video analytics.

According to the report, big data & AI, video analytics and cybersecurity technologies are expected to grow at a double digit 2018-2024 CAGR, while, on the other hand, counter-IED technologies, intrusion detection systems and personal protective gear are forecast to show minimal growth during the forecast period.

Furthermore, during the 2019-2024 period, governments and the private sector are forecast to direct most of the Homeland Security & Public Safety related efforts and budgets to the following sub-markets:

• Counter-terror & crime information collection and sharing systems
• Cybersecurity
• Law enforcement
• Natural disasters mitigation
• Private sector (w/o CIP) crime mitigation and business continuity means
• Border and perimeter security
• Safe Cities
• Land, sea and aviation transportation security systems
• Critical infrastructure security objects like oil-gas facilities, nuclear plants, IoT security, military bases, etc.

“This market report is the utmost comprehensive review of the global homeland security & public safety market available today. The objective of this mega-report is to provide today’s strategic decision-makers with an expert 360-degree, time-sensitive, detailed view of this interconnected market,” said Gil Siegel, Head of Custom Research and Industry Insights Dept. at HSRC.

According to the report, HSRC predicts that during 2019-2024 investments will grow in the following aspects:

• Outdated equipment-systems upgrade
• Next-generation technologies R&D
• Re-organization and expansion of the Homeland Security and Public Safety elements of the intelligence community
• Crime mitigation and defending their most sensitive assets against terror by private sector
• Restructuring the armed forces to meet their asymmetric warfare counter-terror missions

With a highly fragmented market HSRC addresses the “money trail” – each dollar spent, according to technology, vertical, national, revenue source and expenditure markets.

The Global Homeland Security & Public Safety market is analyzed and crosschecked:

By 24 Technology Market Reports:

1. Automatic Border Control (ABC)
2. Big Data for HLS and public safety
3. Bio-Agents & Infectious Disease Mitigation
4. Biometrics
5. Border & Perimeter Barriers
6. C2/C4ISR Systems
7. Chemical, Hazmat & Nuclear Detection
8. Counter-IED Technologies
9. Cybersecurity
10. Decontamination of CBRN & Hazmat Incidents
11. Electronic Fencing
12. Emergency Communication
13. Explosives Trace Detection (ETD)
14. Information Technologies (w/o Intel & Cyber)
15. Intelligence Services IT
16. Intrusion Detection Systems
17. Metal Detectors
18. Non-Lethal Weapons
19. Personal (Ballistic & CBRNE) Protective Gear
20. Standoff Explosives & Weapon Detection
21. Tomographic Explosive Detection Systems & BHS
22. Video Analytics
23. Video Surveillance (w/o Analytics)
24. X-Ray Screening

By 16 Vertical Market Reports:

1. Aviation Security
2. Border Security
3. CBRN Security & Safety
4. Critical Infrastructure Protection
5. Diplomatic Corp. Security
6. Immigration Enforcement
7. Intelligence Agencies
8. Maritime Security
9. Mass Transportation Security
10. Natural Disasters Mitigation
11. Perimeter Security (w/o CIP)
12. Police Modernization & Other 1st Responders
13. Private Sector Security (w/o CIP)
14. Public Events Security
15. Safe City
16. Other Vertical Markets

By 43 National Market Reports:

Other reports focusing on specific technology or vertical markets related to the homeland security and public safety market include:

• Public Safety & Homeland Security Technologies Market – 2019-2024
• Explosives Detection Systems Market, Technologies & Industry – 2018-2025
• Anti-Drone Market & Technologies – 2018-2023
• Big Data & Data Analytics Market in National Security and Law Enforcement – 2019-2022
• OSINT Market & Technologies – 2019-2022
• Safe City Market, Technologies & Industry – 2017-2022
• Europe Public Safety, Immigration Enforcement & Homeland Security Markets – 2017-2022
• Explosives Trace Detection Market & ETD Technologies – 2017-2022
• X-Ray Baggage, Cargo, People, Container & Vehicle Screening Market – 2017-2021

Explore more Homeland Security and Public Safety Reports at https://www.homelandsecurityresearch.com. 

About Homeland Security Research Corp. (HSRC)
Homeland Security Research Corp. (HSRC) is an international market and technology research firm specializing in the Homeland Security (HLS) & Public Safety (PS) industry. HSRC provides premium off-the-shelf and customized market reports on present and emerging technologies and industry expertise, enabling global clients to gain time-critical insight into business opportunities. HSRC’s clients include the U.S. Congress, DHS, U.S. Army, U.S. Navy, DOD, DOT, GAO, NATO and EU, among others; as well as government agencies in Japan, Korea, Taiwan, Israel, Canada, UK, Germany, Australia, Sweden, Finland, Singapore. With over 950 private sector clients (73% repeat customers), including major defense and security contractors and Fortune 2000 companies, HSRC earned the reputation as the industry’s Gold Standard for HLS & PS market reports.

Washington D.C. 20004, 601 Pennsylvania Ave., NW Suite 900,

Tel: 202-455-0966, info@hsrc.biz, www.homelandsecurityresearch.com

Contact: Gil Siegel
Phone: +1-202-455-0966
E-mail: gil@hsrc.biz 

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SOURCE Homeland Security Research Corp. (HSRC)