The North American homeland security market is projected to expand from US$ 72,269.69 million in 2022 to US$ 100,479.92 million by 2028, demonstrating a compound annual growth rate (CAGR) of 5.6% during this period.
A significant driver of this growth is the escalating frequency of cyberattacks. The increasing digitalization across North America has led to widespread adoption of cloud storage, making sensitive business data more accessible online and consequently increasing vulnerability to cyber threats. Recent high-profile incidents underscore this risk:
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- Colonial Pipeline (May 2021): A cyberattack on the largest fuel pipeline in the US disrupted fuel supplies to 12 states, forcing the company to shut down operations to mitigate further damage.
- Acer (March 2021): The REvil hacking group exploited a vulnerability in Acer’s Microsoft Exchange server, compromising over 30,000 commercial and government emails across the US and demanding a US$ 50 million ransomware payment. This breach led to the leakage of critical financial information.
- CNA (March 2021): A cyberattack on this US-based insurance company temporarily halted trading and exposed sensitive data, including Social Security numbers and health benefits information of over 15,000 devices.
These incidents highlight the severe financial and operational losses incurred by both private and public entities due to cyberattacks, compelling them to invest heavily in advanced cybersecurity solutions, thereby boosting the North American homeland security market.
The United States, Canada, and Mexico are key contributors to this market. These nations face common threats, particularly to critical infrastructure and financial sectors, and share opportunities for public-private collaboration to enhance their cyber landscapes. Trilateral cooperation, including the sharing of best practices, is crucial for strengthening continental cybersecurity.
Governments in the region are actively addressing these threats. For instance, in August 2021, the US government enlisted tech giants like Microsoft, Amazon, and Alphabet to participate in the Joint Defense Cyber Collaborative. This program, overseen by the Cybersecurity and Infrastructure Security Agency (CISA), aims to counter ransomware and cyberattacks on cloud computing platforms.
The Department of Homeland Security (DHS) plays a pivotal role in protecting Americans from threats across land, sea, air, and cyberspace. Its budget prioritizes programs focused on preventing terrorism, promoting cybersecurity, securing borders, enforcing immigration laws, and leading disaster response. Increased funding is allocated for border security, immigration enforcement, cybersecurity, disaster recovery, and frontline personnel, enabling the DHS to address evolving threats to national security and the economy.
Customs and Border Protection (CBP) is also expanding its global network to enhance border security operations and facilitate legitimate trade and travel. CBP is responsible for securing vast borders with Canada and Mexico, as well as extensive coastlines, working to prevent illicit movement of people and contraband.
Further demonstrating commitment to homeland security, in May 2022, the DHS Science & Technology Directorate (S&T) awarded a five-year indefinite delivery, indefinite quantity (IDIQ) contract worth up to US$ 495 million to the RAND Corporation for the continued operation of the Homeland Security Operational Analysis Center (HSOAC). These initiatives by various agencies are expected to further drive the growth of the North American homeland security market in the coming years.
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.
Market leaders and key company profiles
ï‚·Â Elbit Systems Ltd.
ï‚·Â IBM Corporation.
ï‚·Â LOCKHEED MARTIN Corporation.
ï‚·Â Leidos.
ï‚·Â Thales Group.
ï‚·Â Teledyne FLIR LLC.
ï‚·Â NORTHROP GRUMMAN Corporation.
ï‚·Â RAYTHEON TECHNOLOGIES Corporation.
ï‚·Â TEXTRON Systems.
ï‚·Â General Dynamic Information Technology.
North America Homeland Security – Regional Insights
The geographic scope of the North America Homeland Security market encompasses the diverse regions in which businesses operate and compete. To succeed in this market, it is essential to understand local variations, including unique consumer needs (such as preferences for certain power configurations or backup systems), economic conditions, and regulatory landscapes. Tailoring strategies to these regional distinctions enables companies to better meet market demands, optimize resource allocation, and craft targeted marketing initiatives. By identifying underserved areas and customizing solutions accordingly, businesses can expand their presence, strengthen their competitive positioning, and drive sustained growth within specific local markets.
The North America homeland security market is categorized by end user, security type, and country.
End User Segmentation
The market is split into public security and private security. In 2022, the public security segment held the larger share of the market.
Security Type Segmentation
This segment includes border security, mass transit security, cyber security, critical infrastructure security, aviation security, maritime security, and others. Cyber security accounted for the largest market share in 2022.
Country Segmentation
The market is segmented into the US, Canada, and Mexico. The US was the dominant market in 2022.
Key Market Players
Leading companies in the North American homeland security market include 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.
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