U.S. Department of Homeland Security Markets Budget AnalysisFrost & SullivanMay 15, 2008 86 Pages - SKU: MC1782254 |
| Countries covered: United States This Frost & Sullivan research service titled U.S. Department of Homeland Security Markets Budget Analysis analyzes current trends and historical spending and budgeting behavior to forecast the future of the homeland security market. Continual Terror Threats Driving the Growth of the Homeland Securtiy Market The constant threat of terror attacks is proving to be the most potent driver for the U.S. department of homeland security market. With public support for the numerous policies that fund the ongoing conflict, it is not surprising that the Department of Homeland Security (DHS) budget has continued its steady growth year after year, tripling between 2000 and 2008. Furthermore, organizations such as Homeland Security Advanced Research Projects Agency (HSARPA), the Defense Advanced Research Projects Agency (DARPA), government research labs, and universities are receiving increased funding from the government, as many of the current technologies are not meeting expectations. This increased funding provides private corporations a clear picture about the government's plans and priorities in homeland security solutions. However, prioritized spending on the ongoing engagements in Iraq and Afghanistan has constrained growth. Budget proposals for 2009 call for almost 79 percent deduction in the largest state homeland security grant program, a 60 percent deduction for firefighters, 56 percent decrease in transit security grants, and a 48 percent reduction in port security grants possibly due to the funds being directed toward war fighting programs. "There exist a number of homeland security projects that are presently under funded, and this scenario is unlikely to change due to the increased funding constraints," notes the analyst of this research service. "These areas include port security, airline cargo screening, and community policing and firefighting programs." Growing Trend toward Integrated Solutions End-user demand for integrated solutions has reached an all-time high as government agencies and private sector security firms are increasingly opting for comprehensive and integrated systems over stand-alone products. In line with this trend, the DHS is demanding integrated capabilities in many current programs, and products that are proprietary or have nonstandard data formats are losing the ability to compete with those that can easily integrate into larger solutions. While integration is expected to further the growth of the market, vendors with products that are difficult to integrate into nonstandard formats are likely to lose out. "Overall, the total DHS budget for 2008 reached over $47 billion and is likely to exceed $56 billion by 2011," says the analyst. "While customs and Border Protection (CBP) and the Federal Emergency Management Agency (FEMA) were apportioned 20 percent of the 2008 budget, the United States Coast Guard. (USCG) is not far behind, receiving 19 percent of the funding." |
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