WASHINGTON DC--(Marketwired - December 14, 2016) - According to a recent report by Homeland Security Research Corp (HSRC), security and public safety organizations are spending large sums of money on Big Data infrastructure and software, in order to deal with growing global security threats. The rising use of smartphones, computers, and other personal devices is creating huge amounts of data, making it possible to track and analyze potential threats. The research, Big Data and Data Analytics in Homeland Security & Public Safety: Global Market 2017-2022, forecasts that by 2022, spending on Big Data will reach $11 billion.
The Big Data trend is leading to new opportunities for intelligence processing, exploitation, dissemination, and analysis. Big Data collection improves the investigative capabilities of Homeland Security and Public Safety organizations when dealing with issues of war on crime & terror, cyber defense, public safety, and disaster and mass incident management, as well as should assist with the development of predictive capabilities. The trend also raises many questions over privacy issues.
HSRC forecasts that the Big Data market in Homeland Security and Public Safety will witness rapid growth in Asia Pacific and Europe, with an expected CAGR of over 20 percent for both regions, particularly in China and Western Europe.
The research has also identified a new type of data source that should be utilized by these organizations: Vehicle data. As vehicles become increasingly digitalized, the data generated by these machines is projected to be gathered and used for police work, as well as for monitoring by intelligence organizations.
For the first time, the Big Data market report breaks down industry spending by verticals, as follows:
- Government Intelligence Agencies Big Data
- LEA & 1st responders Big Data
- Defense/Military Intelligence Big Data
- Financial Services Industry & Fraud Detection Big Data
- Cyber Security Agencies Big Data
- Border & Customs Control Big Data
- Mass Transportation Security Big Data
- Intelligence Fusion Centers Big Data
- Critical Infrastructure Security Big Data
The Big Data market report also categorizes spending by various data sources:
- Communications (including GPS)
- Cyber security related big data
- OSINT (Open Source Intelligence)
- Government DBs
- Financial data
- Customs/border sources
- Vehicle data
The report also provides a breakdown by region & leading country, as well as by technology.
Explore more Homeland Security and Public Safety Reports at http://www.homelandsecurityresearch.com.
About Homeland Security Research Corp. (HSRC)
Homeland Security Research Corp. (HSRC) is an international market and technology research firm specializing in the Homeland Security (HLS) & Public Safety (PS) industry. HSRC provides premium off-the-shelf and customized market reports on present and emerging technologies and industry expertise, enabling global clients to gain time-critical insight into business opportunities. HSRC's clients include the U.S. Congress, DHS, U.S. Army, U.S. Navy, DOD, DOT, GAO, NATO and EU, among others; as well as government agencies in Japan, Korea, Taiwan, Israel, Canada, UK, Germany, Australia, Sweden, Finland, Singapore. With over 750 private sector clients (72% repeat customers), including major defense and security contractors and Fortune 2000 companies, HSRC earned the reputation as the industry's Gold Standard for HLS & PS market reports.