Market Size of North America Homeland Security And Emergency Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 207.82 Billion |
| Market Size (2029) | USD 277.04 Billion |
| CAGR (2024 - 2029) | 5.92 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Homeland Security And Emergency Management Market Analysis
The North America Homeland Security And Emergency Management Market size is estimated at USD 207.82 billion in 2024, and is expected to reach USD 277.04 billion by 2029, growing at a CAGR of 5.92% during the forecast period (2024-2029).
The growing procurements of advanced security systems to fight against terrorist attacks is a major growth-generating factor for the homeland security and emergency management market. The countries have invested heavily in incorporating advanced technology equipment to protect their land, air, and sea borders. This is expected to bolster the market's growth in the coming years. The recent cyberattacks in the US and Canada have driven the countries to strengthen their cybersecurity protocols to protect the critical IT infrastructure of government and private sector organizations. Furthermore, there is a lack of focus on disaster management in various countries, which causes severe damage during emergencies. Low fund allocations, inadequate training, non-implementation of standard operating procedures(SOPs), and political pressure are a few factors leading to poor emergency management. Such factors hinder the market growth.
North America Homeland Security And Emergency Management Industry Segmentation
The primary goal of Homeland Security & Emergency Management (HSEM) is to develop critical strategies and manage resources to protect people and infrastructure.
The North American homeland security and emergency management market includes the study of all the government and federal agencies such as cybersecurity, customs and border protection, coast guard, law enforcement, transportation security administration, emergency management, and others across the US and national security, community safety, and emergency management across Canada. These agencies make efforts to prevent, reduce, and contain the damage caused by a security escalation, such as terrorist attacks, and the first responders for natural disasters and man-made events. The report also offers the market size and forecasts for two countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).
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North America Homeland Security And Emergency Management Market Size Summary
The North America homeland security and emergency management market is poised for significant growth, driven by the increasing need for advanced security systems to combat terrorism and cyber threats. The investment in cutting-edge technology to safeguard land, air, and sea borders is a key factor propelling market expansion. The recent surge in cyberattacks has prompted the US and Canada to enhance their cybersecurity measures, protecting critical infrastructure across both government and private sectors. However, challenges such as inadequate disaster management focus, low funding, and insufficient training hinder market growth. The threat of weapons of mass destruction and the easy availability of explosive materials have led to stringent regulations and increased investments in countering CBRNe threats, further fueling market development.
The US leads in budget allocation for homeland security, with significant funds directed towards strengthening law enforcement and emergency management. The Department of Homeland Security (DHS) is actively investing in modernizing border infrastructure and enhancing cybersecurity systems to counter threats from nations like China and Russia. The market is characterized by fragmentation, with numerous local and global players like Northrop Grumman Corporation, Elbit Systems Ltd, and General Dynamics Corporation holding substantial market shares. Long-term partnerships between these players and end-user agencies are common, given the high technological expertise required. Recent contracts awarded to companies like BlackBerry Limited and Leidos highlight ongoing efforts to bolster the DHS's capabilities, indicating a robust growth trajectory for the market in the coming years.
North America Homeland Security And Emergency Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.1.1 Cybersecurity
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2.1.1.1.2 Customs and Border Protection
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2.1.1.1.3 Coast Guard
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2.1.1.1.4 Law Enforcement
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2.1.1.1.5 Transportation Security Administration
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2.1.1.1.6 Emergency Management
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2.1.1.1.7 Other Managements
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2.1.1.2 Canada
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2.1.1.2.1 National Security
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2.1.1.2.2 Community Safety
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2.1.1.2.3 Emergency Management
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North America Homeland Security And Emergency Management Market Size FAQs
How big is the North America Homeland Security And Emergency Management Market?
The North America Homeland Security And Emergency Management Market size is expected to reach USD 207.82 billion in 2024 and grow at a CAGR of 5.92% to reach USD 277.04 billion by 2029.
What is the current North America Homeland Security And Emergency Management Market size?
In 2024, the North America Homeland Security And Emergency Management Market size is expected to reach USD 207.82 billion.
