PRESS RELEASE
Published May 29, 2023
The phrase “Homeland Security” refers to defending a nation from societal threats. Governments have made an effort to provide security and resilience against all conceivable man-made and natural disasters. Homeland security is the protection of a country’s citizens from a variety of threats and mishaps, such as terrorism, illegal weapons, cybercrime, drug trafficking, storms, floods, earthquakes, tornadoes, and others. Law enforcement, border security, transit security, and aviation security are all included in it to safeguard the public.
The global homeland security industry is expected to grow rapidly as a result of reasons such as an increase in terrorist attacks, border conflicts, illegal immigration, smuggling, human trafficking, and regular natural disasters, among others. Several companies are spending heavily in innovative goods and services to address and defend negative situations in countries throughout the world.
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Demand is anticipated to increase as a result of terrorist threats and a number of government attempts to contain growing cross-border insurgency. Additionally, rising drug trafficking, human trafficking, and illegal immigration are pressuring governments in numerous nations to make significant investments in the acquisition of homeland security systems. The industry category that is expected to grow the fastest is cybersecurity. Regions like North America and Europe, which are investing heavily in cyber defenses and so propelling the homeland security industry, might be blamed for this increase.
The way that businesses use information technology for information exchange and online commerce is fundamentally changing as a result of emerging technologies like cloud, social, and next-generation mobile computing. At the moment, more than 80% of all commercial transactions are completed online, requiring high standards of security for open transactions.
Top Key Players in the Homeland Security:
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Lockheed Martin Corporation
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Elbit Systems Ltd
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Northrop Grumman Corporation
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Thales Group
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Raytheon Technologies Corporation
