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News

US homeland security market examined in new report

Research And Markets : 19 February, 2014  (New Product)
Defence specific security systems are in focus in a new market research report examining the US homeland security sector
US homeland security market examined in new report

Research and Markets has announced the addition of the "United States Homeland Security Market 2014-2018" (BAE, Boeing, General Dynamics, Lockheed Martin, Raytheon & NG Dominate the Market) report to their offering.

One of the major trends contributing to the growth of the Homeland Security market in the US is the introduction of defence-specific security solutions. Some of the vendors, such as Lockheed Martin, Boeing and BAE Systems are introducing cyber security solutions, which are specifically developed for the defence sector. This is driving defence organizations in developed and developing countries to adopt such defence security solutions to provide better dedicated security for their systems. This is likely to increase the market revenue, supporting the growth of the Homeland Security market in the USA.

According to the report, one of the major drivers in the market is the strong US economy. As the USA is one of the largest economies in the world and is one of the major exporters of arms and ammunitions, it is financially strong. Therefore, the availability of abundant revenue enables it to make significant investments in the Security sector.

Further, the report states that one of the key challenges in this market is the decrease in defence budget. As a result of the increased defence spending in the past few years, the US government has decided to reduce its spending on the Department of Defense. One of the major reasons for this is that the Department of Defense is already well developed. This is likely to affect the revenue flow in the Homeland Security market in the USA.

The report can be purchased directly from Research and Markets here: "United States Homeland Security Market 2014-2018"

 

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