- Key vendors include: BAE Systems, Boeing, General Dynamics, Lockheed Martin, Northrop Grumman and Raytheon
TechNavio, an independent London-based research firm has found that Public Homeland Security in US is accounting for 84 percent of the overall Homeland Security Market. The findings are for the forecast period 2014-2018.
The Public Homeland Security market in the US valued at US$53.6 billion in 2013 will be growing at a CAGR of 6.02 percent during the forecast period. This is due to the increasing concerns of the US government over the overall security of the nation. In addition, increasing terrorist activities in the US are increasing the demand for high-level security in the country. Further, the need to improve the defense of critical infrastructures such as critical infrastructure security, cross-border security, and terminal security is also contributing to the growth of the Homeland Security market in the US.
Homeland Security Market in the US by Departments 2013
Source: TechNavio Analysis
The Department of Homeland Security segment is the major segment in the overall Homeland Security market in the US, accounting for 57.7 percent of the total market share. The Department of Defense, Department of Health and Human Services and the Department of Justice closely follow this. This trend will be continuing with the overall Homeland Security Market to grow at a CAGR of 6.31 percent during the forecast period.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on Homeland Security Market in the US 2014-2018, please send an e-mail to media@technavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Homeland Security Market in the US. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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