COVID-19 Impact on Homeland Security Management - Global Market Outlook (2020-2028)
According to Stratistics MRC, the Global COVID-19 Impact on Homeland Security Management Market is accounted for $1,035.00 billion in 2020 and is expected to reach $1,300.95 billion by 2028 growing at a CAGR of 2.9% during the forecast period. The growing demand for artificial intelligence based homeland security solutions and the upgrading of existing IT systems are driving the market growth. However, delays in financial decision-making and limited public funding are restraining the market growth.
Homeland Security Management is a main field of work. The focus of Homeland Security Management on developing critical strategies and manage technical resources to protect infrastructure and people.
Based on technology, the AI (artificial intelligence)-based solutions segment is going to have lucrative growth during the forecast period. AI-based solutions can detect findings like ground-glass opacities and consolidation abnormalities that are indicative of COVID-19. AI-powered solutions also help detect chronic obstructive pulmonary diseases, lung malignancies, tuberculosis, and medical emergencies like lung collapses and cardiac disorders. They can also localize lesions and measure the volume of an infection.
By geography, Asia Pacific is going to have significant growth during the forecast period due to the increasing adoption of unmanned systems such as drones and robots to disinfect affected areas, as well as the increasing usage of robots in the healthcare sector for logistics purposes in hospitals are driving the market for homeland security management solutions in the Asia Pacific.
Some of the key players profiled in the COVID-19 Impact on Homeland Security Management include Advanced Security Systems, BAE Systems, Boeing, Elbit Systems, IBM, Lockheed Martin Corp, Motorola Solutions, Northrop Grumman, Raytheon Company, Unisys, and Unmanned Systems.
Estimated Market Size in 2020:
USD 1,035.00 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 1,300.95 billion
Tables, Graphs & Figures
Technology, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Facial Recognition Cameras
• AI (Artificial Intelligence)-Based Solutions
• Thermal Imaging Technology
• C2 Solutions
• Blockchain Solutions
• Border Security Solutions
End Users Covered:
• Cyber Security
• Aviation Security
• Maritime Security
• Law Enforcement and Intelligence Gathering
• Critical Infrastructure Security
• Risk and Emergency Services
• Border Security
• CBRNE (Chemical, Biological, Radiological, Nuclear, and Explosives) Security
• Operating Models
• Homeland Security Operations
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global COVID-19 Impact on Homeland Security Management Market is majorly driven by increasing demand for AI-based homeland security solutions, and the need to upgrade existing IT systems across the globe.
The AI (artificial intelligence)-based solutions segment is growing at a highest CAGR as it help to detect tuberculosis, chronic obstructive pulmonary diseases, lung malignancies, and medical emergencies and quantify the volume of an infection.
Asia Pacific dominated with a significant market share due to the increasing adoption of unmanned systems and increasing usage of robots in the healthcare sector.
Asia Pacific market is growing at a highest CAGR due to the increased investments in homeland security and public safety by the governments of the United States and Canada.
Key players in COVID-19 Impact on Homeland Security Management Market include Advanced Security Systems, BAE Systems, Boeing, Elbit Systems, IBM, Lockheed Martin Corp, Motorola Solutions, Northrop Grumman, Raytheon Company, Unisys, and Unmanned Systems.
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