North America Homeland Security Market Outlook (2022–2028)
The homeland security market in North America is projected to grow from US$ 72,269.69 million in 2022 to US$ 100,479.92 million by 2028, registering a compound annual growth rate (CAGR) of 5.6% during the forecast period.
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Surge in Cyberattacks Driving Market Growth
The growing prevalence of cyberattacks across North America has become a significant driver for the homeland security market. The widespread adoption of digital technologies and cloud-based solutions across industries has increased the exposure of critical business data to online threats. As a result, both public and private organizations are becoming increasingly vulnerable to cyber intrusions.
Several high-profile cyberattacks in recent years have highlighted the urgency for robust cybersecurity infrastructure:
- Colonial Pipeline Attack (May 2021):
A ransomware attack disrupted operations of the largest fuel pipeline in the US, affecting fuel supply across 12 states. The company was forced to shut down its entire system to mitigate damage and prevent further breaches. - Acer Data Breach (March 2021):
The REvil hacking group exploited a vulnerability in Microsoft Exchange servers to infiltrate Acer’s network. The attack compromised over 30,000 government and corporate email accounts, resulting in the leak of sensitive data including bank balances and financial communications. The attackers demanded a US$ 50 million ransom. - CNA Financial Corporation (March 2021):
A ransomware attack on the US-based insurance company led to a temporary shutdown of trading activities. The breach affected data on more than 15,000 devices, exposing confidential information such as Social Security numbers and health benefit details.
These incidents underscore the growing threat posed by cybercriminals and the substantial financial and operational risks involved. As a result, organizations across the region are significantly increasing their investments in advanced cybersecurity solutions to protect sensitive information and ensure national security.
This heightened focus on digital protection is fueling the expansion of the homeland security market in North America.
Market Overview (Shortened & Rewritten):
The homeland security market in North America—driven by the US, Canada, and Mexico—is evolving to address shared threats to critical infrastructure and the financial sector. A trilateral approach fosters collaboration through public-private partnerships and the exchange of cybersecurity best practices. For example, in August 2021, the US government partnered with Microsoft, Amazon, and Alphabet under the Joint Defense Cyber Collaborative to combat ransomware and cloud-based threats, led by the Cybersecurity and Infrastructure Security Agency (CISA).
The US Department of Homeland Security (DHS) plays a pivotal role in safeguarding land, air, sea, and cyberspace through initiatives focused on counterterrorism, cybersecurity, border protection, immigration enforcement, and disaster response. Its budget emphasizes innovation and preparedness, supporting agencies like Customs and Border Protection (CBP), which oversees 7,000 miles of borders and 95,000 miles of shoreline to curb illegal activities and facilitate legal movement.
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.
key company profiles
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.
North America Homeland Security – Regional Insights
The North America homeland security market spans a diverse and complex geographic landscape, requiring stakeholders to adapt their strategies to the distinct characteristics of each region. Variations in regulatory frameworks, economic conditions, and local security priorities across the US, Canada, and Mexico demand a localized approach. For instance, regional differences in critical infrastructure, cyber threat vulnerabilities, and emergency preparedness protocols necessitate tailored solutions and compliance strategies. By identifying underserved markets and aligning offerings with specific regional needs—whether through technology integration, public-private partnerships, or infrastructure investment—businesses can enhance operational efficiency, strengthen competitive positioning, and unlock new growth opportunities across the continent.
North America Homeland Security Market Segmentation
The North America homeland security market is segmented by end user, security type, and country.
- By End User:
The market is divided into public security and private security. In 2022, the public security segment accounted for the larger share of the market. - By Security Type:
The market is categorized into border security, mass transit security, cybersecurity, critical infrastructure security, aviation security, maritime security, and others. Among these, the cybersecurity segment held the largest market share in 2022. - By Country:
The regional market is segmented into the US, Canada, and Mexico. The US led the market in 2022, holding the dominant share.
Leading companies in the North America 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 Dynamics Information Technology, Inc.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights