Homeland security (HLS) is a substantial expanding market that offers a vast number of opportunities for private sector entities. Despite sharp budget cuts and fiscal austerity measures implemented across advanced economies, visiongain calculates that the value of the HLS industry reached as much as US$194.3bn in 2011.
Visiongain’s latest report, The Homeland Security Market 2011-2021 expects this growth to continue over the next 10 years as governments in the West largely insulate HLS expenditure from cuts and emerging markets pour unprecedented funds into defensive measures against threats such as terrorism, cyber attack, natural disasters and piracy. Since the paradigm shift in the HLS sector triggered by the September 11 2001 attacks, expenditure in the internal security industry has proven to be remarkably resilient. Despite the killing of al-Qaeda chief Osama bin Laden in May 2011, governments are unlikely to feel sufficiently comfortable to reduce HLS spending by any meaningful degree.
Visiongain’s The Homeland Security Market 2011-2021 report states that, although counter-terror activity remains a key element of the market, the HLS sector has expanded far beyond anti-terrorism spending and is now underpinned by a strong nexus of factors. The remarkable speed and scale of the anti-government uprisings across the Middle East and North Africa (MENA) that reached a climax in late 2010 and early 2011 has spurred HLS spending among some emerging markets governments.
This is a particularly important factor for HLS spending in China, where authorities that have long been wary of public unrest were alarmed by the MENA uprisings and expectedly censored its reporting. The MENA uprisings therefore presents significant upside to visiongain’s outlook for HLS spending forecasts for markets with authoritarian governments over 2011-2021. This report shows that concerns such as these will help drive some of the strongest growth rates in HLS spending in emerging markets over the next 10 years. Companies that are able to offer solutions to these vulnerabilities – whether traditional or technologically advanced – will find strong demand among governments worldwide. Visiongain’s latest report on homeland security is a key document for companies interested in the many subsectors of homeland security.
At the global level, forecasts are provided for nine major homeland security submarkets: • Aviation security • Mass transit security • Maritime security • Infrastructure security • Telecommunications, data and cyber security • Border security • Counter-terror intelligence • CBRN security • Emergency response