Global Homeland Security & Public Safety Market,
Industry & Technologies – 2017-2022

15 years have passed since 9/11, and the global Homeland Security & Public Safety technologies and markets are forecasted to go through major shifts. Counter Terror and security markets formerly dominated by the U.S. are now moving to Europe and Asia-Pacific. New and maturing counter terror technologies, such as big data & data analysis, advanced sensors, big data-based cybersecurity, video analytics and TETRA & LTE emergency communication, will create new market segments and fresh business opportunities.

According to the “Global Homeland Security & Public Safety Industry, Technologies & Markets – 2017-2022” report, the market will go through a growth period, sustaining a 2016-2020 CAGR of 5.7%.

Source: Homeland Security Research Corporation
http://homelandsecurityresearch.com

Market Trends

The market in Asia Pacific is projected to witness the highest CAGR from 2020 to 2025.

The homeland security and emergency management market in Asia Pacific is projected to register the highest CAGR during the forecast period. Rising terrorist activities, geopolitical conflicts, strikes and protests, chemical attacks, and natural disasters have led major homeland security and emergency management solution providers of the region to develop enhanced techno-efficient homeland security and emergency management systems and equipment. The homeland security spending of China, Japan, and India has been increasing in recent years due to increased possibilities of being targeted by attacks. The Asia Pacific region has also been experiencing instances of terrorist attacks and cyber-attacks, which have caused significant damage to the region. Countries such as India, China, Australia, Japan, Malaysia, and Singapore have taken a stand to counter terrorism by adopting best-in-class physical and cybersecurity systems.

Source: Marketsandmarkets Research

Access control market predicted to hit $13.1 by 2026

The global access control market with Covid impact is expected to grow from USD 8.6 billion in 2021 to USD 13.1 billion by 2026, at a CAGR of 8.7%, according to the latest research from Marketsandmarkets.

The analysts suggest that continued adoption of Access Control as a Service (ACaaS); implementation of mobile-based access control; global proliferation of smart cities initiatives; and increasing urbanisation in emerging countries are expected to provide huge growth opportunities to the access control market players. The growth of the access control market is driven by high adoption of access control solutions owing to increasing crime rates globally; technological advancements and deployment of wireless technology in security systems; and adoption of IoT-based security systems with cloud computing platforms.

Biometric readers to witness the highest growth

Biometric technologies are used to measure different physiological parameters for identification and authentication purposes in access control systems. Within the report, the market for biometric reader-based access control systems has been further categorised into fingerprint recognition, palm recognition, iris recognition, face recognition, and voice recognition. Biometrics is one of the fastest-growing technologies used to secure perimeters. This technology enables identifying a person’s physical characteristics to provide controlled physical access to infrastructure. This technology is being increasingly used in government facilities, manufacturing units, power stations, defence establishments, and enterprises.

Commercial sector leading vertical growth

The commercial vertical is the largest end user of access control systems. In this vertical, commercial facilities such as enterprises and data centres; BFSI; retail stores and malls; and entertainment areas are considered. Manned security for all physical locations is difficult and expensive. The demand for access control systems is increasing since they reduce the need for manned security to a greater extent, thereby reducing security expenditure. These factors were found to be encouraging commercial facilities to adopt access control systems to protect people and properties by the researchers.

Source: Marketsandmarkets Research