Global Government Spending on Homeland Security to Hit $178.2bn in 2010 Says New Report

Aug. 4, 2010 - PRLog -- The report “The Homeland Security Market 2010-2020” available at www.reportbuyer.com/go/VIS00202 analyses government spending, policy and procurement programmes are carried out, with an in-depth examination of the market potential from 2010-2020. The ever-present and continually-evolving threats to homeland security necessitate a commensurate technologically-based effort to combat such activities as terrorism, cyber attack, piracy and natural disasters. Based on the report, global government spending in 2010 on homeland security will reach $178.2bn. Over the forecast period of 2010-2020, the cumulative homeland security market will total nearly $2.7 trillion.

According to the 309 page report, various scanning, detection and protection capabilities are being deployed and refined in this growing market. Moreover, the scope for integration of current protective measures is considerable. A host of new technologies and inventive applications of current equipment is required to secure states from threats to their populations, assets and infrastructures. From UAVs to biometric e-passports, from underwater sonar equipment to advanced imaging technology, the market for homeland security is large and varied.

The US dominates the homeland security market, and is among only a handful of countries to have a dedicated Department of Homeland Security (DHS). Other major markets include Saudi Arabia, India and China - all of which are set to experience strong growth in the coming decades as they grapple with a variety of internal and external threats to stability. The EU nations of France, Italy, Germany and UK are finding their efforts to improve homeland security limited by the strain of budgetary pressure, but are nonetheless likely to experience growth too.

The report “The Homeland Security Market 2010-2020” is available from Report Buyer at:
http://www.reportbuyer.com/industry_manufacturing/defence...
Reportbuyer Product Code: VIS00202

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