Homeland security initiatives are on the rise, thanks in large part to a growing concern over terrorist activity, according to a new report by Transparency Market Research.
The global homeland security market was valued at more than $245 billion in 2013, according to the report. With a steady growth rate of 5.6 percent, the industry will reach $364 billion by 2020.
The report found that rapid growth of homeland security initiatives is spurred on by the growing number of terrorist threats worldwide, as well as the rising number of incidents of cross-border insurgency, cyber-attacks, drug smuggling, and human trafficking.
As government agencies strive to protect cities from a wide range of threats, many are turning to integrated Safe City technology to achieve situation awareness, as well as enhance decision-making and speed response. In the United States and throughout the rest of the world, Safe City initiatives help to protect residents from crime and terrorism, as well as environmental disasters and other unforeseen events. By integrating the various systems and devices employed by different agencies throughout a city, collaborative technologies and shared networks not only better protect residents, but they also help improve the effectiveness of every agency and help eliminate common inefficiencies.
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