North America Homeland Security Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By End User (Public Security and Private Security) and Security Type (Border Security, Mass Transit Security, Cyber Security, Critical Infrastructure Security, Aviation Security, Maritime Security, and Others)
The homeland security market in North America is expected to grow from US$ 72,269.69 million in 2022 to US$ 1,00,479.92 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.
Rise in Severe Cyberattacks
Several nations have experienced a rise in cyber-attacks over the years. The adoption of digitalization across all industries and commercial sectors across the region has resulted in organizations adopting cloud storage solutions, which have led to the easy availability of important business documents on the internet. This has influenced the rise in cyber-attacks across the region. Some of the recent cyber-attacks that led to huge losses faced by organizations are listed below:
• In May 2021, the colonial pipeline, which is the largest fuel pipeline in the US, faced a cyber-attack that disrupted fuel supplies to 12 US states for several days. This attack made the company shut down its entire operations for damage control and to stop further severity.
• In March 2021, REvil hacking group hacked the network system of Acer using a technical glitch of their Microsoft exchange server, thereby hacking more than 30,000 commercial and government emails across the US. The group hacked the server for ransomware for US$ 50 million. Important information such as bank balances, bank communications, and financial spreadsheets was also leaked due to the cyber-attack.
• In March 2021, CNA, a US-based insurance company, faced a cyber-attack that led to the temporary closure of trading. The attack affected important information such as Social Security numbers and health benefits information of over 15,000 devices.
The rise in cyberattacks is putting various important documents of private and public enterprises at risk. The loss of such information to illegal hacking groups is imposing severe losses on the enterprises and impacting the nations' economies. Thus, the rise in cyber-attacks across the region is influencing both public and private sectors to invest in the integration of advanced cyber security solutions. These factors are thereby driving the North America homeland security market.
Market Overview
The US, Canada, and Mexico are the key contributors to the homeland security market in the North America. North America has common dangers, particularly to critical infrastructure and the financial sector, as well as common opportunities, such as public-private collaborations to build a more robust cyber landscape. Sharing best practices on a trilateral basis allows each country to improve cyber security both at home and across the continent. This policy brief examines the approaches taken by the three North American governments in dealing with cyber threats to financial transactions and critical infrastructure, as well as how some of those approaches create opportunities for trilateral cooperation to strengthen continental security in this new and evolving realm. For instance, in August 2021, the US government enlisted the assistance of three tech behemoths—Microsoft, Amazon, and Alphabet—to strengthen its cyber security and combat ransomware. The corporation is one of three IT behemoths chosen for the Joint Defense Cyber Collaborative, a program aimed at countering ransomware and cyberattacks on cloud computing platforms. The program is overseen by the Cyber Security and Information Security Agency (CISA). Department of Homeland Security (DHS), one of the leading homeland security agencies in the world, protects Americans from threats on land, sea, air, and cyberspace on an ongoing and continuous basis throughout the year. The DHS prioritizes smart, innovative, and effective programs to prevent terrorism, promote cyber security, secure borders, enforce immigration laws in the US, and lead the Federal Government's coordinated and comprehensive response to major disasters and other large-scale emergencies. Increased funding is included in the budget for border security; immigration enforcement; cyber security; disaster recovery, response, and preparedness; key marine and aviation assets; and front-line troops. The budget would enable the department to respond to new and emerging dangers and challenges to defend the American people, the nation, and the American economy. Further, Customs and Border Protection (CBP) is building a worldwide network that is informed, agile, and seamless to increase border security operations while facilitating the legitimate movement of people and products. This network's capabilities must be constantly improved and evolved to serve CBP's Enduring Mission Priorities—counterterrorism, combat transnational crime, border security, lawful trade and revenue protection, and lawful travel. CBP is responsible for preventing the illicit movement of people and contraband along 5,000 miles of border with Canada, 1,900 miles of border with Mexico, and over 95,000 miles of shoreline. Agents from the United States Border Patrol (USBP) and Air and Marine Operations (AMO) patrol the nation's land, maritime, and airspace borders to prevent the illegal entrance of people and goods. For instance, in May 2022, the Department of Homeland Security (DHS) Science & Technology Directorate (S&T) awarded a five-year indefinite delivery, indefinite quantity (IDIQ) contract to the RAND Corporation (RAND) for the continued operation of the Homeland Security Operational Analysis Center (HSOAC). The contract will continue till March 2027 with a maximum order limitation of US$ 495 million. The studies and analysis will be provided by the Federally Funded Research and Development Center (FFRDC). These agencies are further expected to bolster the growth of the North American homeland security market during the forecast period.
North America Homeland Security Market Revenue and Forecast to 2028 (US$ Million)
North America Homeland Security Market Segmentation
The North America homeland security market is segmented into end user, security type, and country.
Based on end user, the market is bifurcated into public security and private security. The public security segment registered the larger market share in 2022.
Based on security type, the market is segmented into border security, mass transit security, cyber security, critical infrastructure security, aviation security, maritime security, and others. The cyber security segment held the largest market share in 2022.
Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Elbit Systems Ltd; IBM Corporation; Lockheed Martin Corporation; Leidos; Thales Group; Teledyne FLIR LLC; Northrop Grumman Corporation; Raytheon Technologies Corporation; Textron Systems; and General Dynamic Information Technology, Inc. are the leading companies operating in the homeland security market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Homeland Security Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Homeland Security Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Severe Cyberattacks
5.1.2 Increase in Number of Airports and Passenger Traffic
5.2 Key Market Restraints
5.2.1 Lack of Central Governing Body for Homeland Security Across Countries
5.3 Key Market Opportunities
5.3.1 Rise in Strategic Initiatives by Market Players
5.4 Future Trends
5.4.1 Rise in Procurement of Various Security Solutions and Services
5.5 Impact Analysis of Drivers and Restraints
6. Homeland Security Market – North America Market Analysis
6.1 North America Homeland Security Market Overview
6.2 North America Homeland Security Market Forecast and Analysis
7. North America Homeland Security Market Analysis – by End User
7.1 Overview
7.2 North America Homeland Security Market Breakdown, by End User, 2021 and 2028
7.3 Public Sector
7.3.1 Overview
7.3.2 Public Sector: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Private Sector
7.4.1 Overview
7.4.2 Private Sector: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Homeland Security Market Analysis – by Security Type
8.1 Overview
8.2 North America Homeland Security Market Breakdown, by Security Type, 2021 and 2028
8.3 Border Security
8.3.1 Overview
8.3.2 Border Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Mass Transit Security
8.4.1 Overview
8.4.2 Mass Transit Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Cyber Security
8.5.1 Overview
8.5.2 Cyber Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Critical Infrastructure Security
8.6.1 Overview
8.6.2 Critical Infrastructure Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.7 Aviation Security
8.7.1 Overview
8.7.1.1 Aviation Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.8 Maritime Security
8.8.1 Overview
8.8.2 Maritime Security: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Homeland Security Market– Revenue and Forecast to 2028 (US$ Million)
9. North America Homeland Security Market – Country Analysis
9.1 Overview
9.1.1 North America: Homeland Security Market, by Key Country
9.1.1.1 US: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Homeland Security Market, by End User
9.1.1.1.2 US: Homeland Security Market, by Security Type
9.1.1.2 Canada: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Homeland Security Market, by End User
9.1.1.2.2 Canada: Homeland Security Market, by Security Type
9.1.1.3 Mexico: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Homeland Security Market, by End User
9.1.1.3.2 Mexico: Homeland Security Market, by Security Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Elbit Systems Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 IBM Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Lockheed Martin Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Leidos
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Thales Group
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Teledyne FLIR LLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Northrop Grumman Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Raytheon Technologies Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Textron Systems
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 General Dynamics Information Technology, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America Homeland Security Market, Revenue and Forecast, 2020–2028 (US$ Million)
Table 2. US: Homeland Security Market, by End User–Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Homeland Security Market, by Security Type–Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Homeland Security Market, by Security Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: Homeland Security Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Homeland Security Market, by Security Type– Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Homeland Security Market Segmentation
Figure 2. North America Homeland Security Market Segmentation – Country
Figure 3. North America Homeland Security Market Overview
Figure 4. North America Homeland Security Market, By End User
Figure 5. North America Homeland Security Market, By Security Type
Figure 6. North America Homeland Security Market, By Country
Figure 7. North America Porter’s Five Forces Analysis
Figure 8. North America Homeland Security Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Homeland Security Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Homeland Security Market, Forecast and Analysis (US$ Million)
Figure 12. North America Homeland Security Market Revenue Share, by End User (2021 and 2028)
Figure 13. North America Public Sector: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Private Sector: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Homeland Security Market Revenue Share, by Security Type (2021 and 2028)
Figure 16. North America Border Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Mass Transit Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Cyber Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Critical Infrastructure Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Aviation Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Maritime Security: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Others: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America: Homeland Security Market Revenue Share, by Key Country- Revenue (2021) (US$ Million)
Figure 24. North America: Homeland Security Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. US: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Canada: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mexico: Homeland Security Market – Revenue and Forecast to 2028 (US$ Million)
- Elbit Systems Ltd.
- IBM Corporation.
- LOCKHEED MARTIN Corporation.
- Leidos.
- Thales Group.
- Teledyne FLIR LLC.
- NORTHROP GRUMMAN Corporation.
- RAYTHEON TECHNOLOGIES Corporation.
- TEXTRON Systems.
- General Dynamic Information Technology.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America homeland security market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America homeland security market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the homeland security market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution