Homeland Security Market in North America: Growth Outlook
The homeland security market in North America is projected to grow from USD 72.27 billion in 2022 to USD 100.48 billion by 2028, expanding at a compound annual growth rate (CAGR) of 5.6% over the forecast period.
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Increasing Threat of Cyberattacks
A significant driver of this growth is the sharp rise in cyberattacks across the region. As industries across North America accelerate digital transformation and increasingly rely on cloud-based storage solutions, sensitive data has become more accessibleโand more vulnerableโto cyber threats.
The widespread adoption of digital platforms across both public and private sectors has expanded the attack surface for cybercriminals. High-profile incidents continue to highlight the need for robust cybersecurity infrastructure within homeland security strategies.
One such incident occurred in May 2021, when Colonial Pipeline, the largest fuel pipeline operator in the United States, suffered a devastating ransomware attack. The breach disrupted fuel supplies across 12 U.S. states, forcing the company to shut down its operations temporarily to contain the damage and prevent further escalation.
This and similar incidents underscore the urgent need for continued investment in advanced cybersecurity measures, driving demand in the homeland security market.
North America Homeland Security Market Overview (Short Version)
The homeland security market in North America is driven by the US, Canada, and Mexico, focusing on shared threats to critical infrastructure and financial systems, particularly cyber threats. The US leads in cyber defense initiatives, with programs like the Joint Defense Cyber Collaborative involving Microsoft, Amazon, and Alphabet. The Department of Homeland Security (DHS) emphasizes cyber security, border control, disaster preparedness, and immigration enforcement. Agencies like Customs and Border Protection (CBP) and the US Border Patrol operate across thousands of miles of borders and coastlines. Notably, the DHS awarded a $495 million contract to RAND Corporation in 2022 for operational analysis through 2027. These efforts support market growth across the region.
North America Homeland Security Strategic Insights
Strategic insights for the North America Homeland Security provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Homeland Security Report Scope
| Report Attribute | Details |
| Market Size (2022) | US$ 72,269.69 Million |
| Market Size (2028) | US$ 100,479.92 Million |
| Global CAGR (2022โ2028) | 5.6% |
| Historical Data | 2020โ2021 |
| Forecast Period | 2023โ2028 |
| Segments Covered | By End User: Public & Private Security |
| By Security Type: Border, Transit, Cyber, Critical Infrastructure, Aviation, Maritime | |
| Regions Covered | North America (US, Canada, Mexico) |
| Key Companies | Elbit Systems, IBM, Lockheed Martin, Leidos, Thales, Teledyne FLIR, Northrop Grumman, Raytheon, Textron, GDIT |
North America Homeland Security Regional Insights
The geographic scope of the North America Homeland Security refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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Authorโs Bio
Akshay
Senior Market Research Expert at Business Market Insights
