Internal Security Market: Analysis of Growth, Trends Progress and Challenges (2018-2023)
Internal Security is a move towards upholding peace within the boundaries of a nation by keeping Internal security threats at bay and upholding national law. It is of vital importance in today’s scenario wherein all over the world Africa, Middle East, Indian Sub Continent are battling internal security threats internal violence. Emergence of ISIS has totally shocked the world and many countries have been caught unprepared to tackle its menace. Iraq is one country that is worst hit by the ISIS. Internal Security has to be cautious not only against conventional threats like those of terrorist organizations but also of the various unconventional threats like those of Cyber Terrorism, Biological warfare etc. Cyber Terrorism is an area the threat of which many countries discount and end up paying a heavy price of it. In today’s world when everything is digital, a specified and well directed attack could cripple an economy both financially and socially. In 2007 Estonia was a target of a major attack on its network which was a denial of service attack where all the activities related to the internet where crippled for 3 weeks. Supplies of fake currency notes are one of the most common ways to upset internal security by foreign powers.
In the current scenario nations are taking proactive measures to beef up their internal security.One of the fastest growing market is the Indian Internal Security Market which is is expected to cross the $20 billion mark by 2020. United States of America remains the world's largest spender on homeland security, in the financial year 2015 budget the allocation for homeland security by United States of America was a considerable $38.2 billion. Thus we can see that nations in the present scenario are not taking internal security threats lightly and are making a massive purchase, which presents a huge opportunities for Equipment providers both Big and small. The Global Internal Security Market is expected to reach $617 billion by 2020 while growing at a CAGR of 6.13% during this period.
What the report offers
The study identifies the situation of Internal Security Market and predicts its growth. Report talks about growth, market trends, progress, challenges, opportunities, government regulations, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Internal Security Market. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various forms of Internal Security Enforcement Organizations in the world.