The Homeland Security Market has been greatly affected by a recent court ruling in the District of Columbia which has ordered the US Government to reveal the hidden protocol for the internet kill switch. This idea has government officials concerned as the main purpose behind the kill switch is to prevent any remote activation of a bomb via Wi-Fi networks. The internet kill switch does just that. It is able to shut down all the Wi-Fi networks across North America. The government speculates this is a necessary means to protect the security of civilians against potential terrorist attacks, which are on the rise. The rising terrorist activities in the US have increased the demand for higher levels of security in the country.
This in turn, tells us that the Homeland Security Market in the US is expected to witness an impressive CAGR of 6.31 percent during the forecast period. The main reason for this growth is the increasing need for Public and Private sector security in the US. With the increase in the loss of critical data and information in private and public organizations, there has been tremendous growth in the need for data protection. Further, the increasing terrorist activities and theft attempts have increased concerns over the overall security of the nation. Moreover, the increasing acceptance of biometrics in the Private, Public, and Defense sectors has contributed to the increased spending on the total Homeland Security Market in the US.
With terrorist threats on the rise, several drivers affect the growth of the Homeland Security Market in the US. Particular drivers contributing to the growth of the Homeland Security Market in the US are the demand for high level of security and a strong US economy to back it up. The US being the largest economy in the world is one the major exporters of arms and ammunitions, making it financially strong. Therefore, the availability of abundant revenue enables it to make significant investments in the Security sector. Another major driver in the market is regional instability, which is leading to a growing demand for the strengthening of homeland security.
For more information, view our 2014-2018 report on the Homeland Security Market in the US.
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