SOURCE: Homeland Security Research Corporation

Homeland Security Research Corporation

May 02, 2016 06:15 ET

European Counter-Terror and Public Safety Market Surge From a 2008-2014 CAGR of 3.5% to a 2016-2020 CAGR of 13.4%, Says a New Research Report From Homeland Security Research Corp.

WASHINGTON, DC--(Marketwired - May 02, 2016) - In light of the alarming ISIS inspired terror threats and the migration crisis, it is clear that present European security infrastructure cannot meet the challenge. A major overhaul of Western Europe's internal security infrastructure and funding is already in progress leading to a forecasted $146 Billion 2020 market.

According to Homeland Security Research Corp. (HSRC) new report, European Homeland Security & Public Safety Technologies & Markets - 2016-2022, the European counter-terror and public safety infrastructure will go through an overhaul, sustaining a 13.4% 2016-2020 CAGR surge, nearly four times the pace of the previous five year period.

Europe is facing terror threats and immigration calamity with a far greater reach than those resulting from its economic ones. And, this alarming situation shows no sign of declining. Europeans are now experiencing a disturbing new reality in which terror and migration crisis are quickly becoming the continent's "New Norm".

European Homeland Security & Public Safety Market -2010-2020

The European Counter Terror & Public Safety Market is boosted by the following drivers:

  • The ISIS-inspired complex and well-planned Paris and Brussels carnage (162 killed and 668 injured) which sent shockwaves across the continent.
  • The attacks shook the European governments and their security agencies unlike any other terror attacks since 9/11.
  • The Western European security forces are ill-equipped to encounter 21st century ISIS-inspired and trained terrorists who use cutting-edge encrypted communication, make a remarkable use of social networks to recruit and train jihadists and gather efficient pre-attack intelligence. They have been trained by ISIS ex-Iraqi military officers on planning and conducting modern day guerrilla warfare and using modern weapons.
  • Europol estimates that up to 5,000 European jihadists have returned to the EU after obtaining combat experience on the battlefields of the Middle East.
  • West European governments understand that they are caught between a rock and a hard place. It is for them to decide how to transform the national counter terror infrastructure, improve interagency cooperation, strategy and surge funding.
  • The EU and most of the rest of the European market for homeland security and public safety products are served by local companies. Even with a preference for locally manufactured products, foreign products can usually strongly compete on the basis of cost-performance. They do not encounter any EU direct trade barriers or quotas. Non-tariff, indirect trade barriers may be the approval process of dual use goods, which include many security market products

The European Homeland Security & Public Safety Technologies & Markets - 2016-2022 report consists of 1236 pages and 341 tables and figures. The report covers 16 vertical markets, 28 technology markets, 17 European countries markets - all granulated by 3 revenue sources. The report is granulated into 168 submarkets, offering for each of them 2015 data and assessments, and 2016-2022 forecasts and analyses.

This four-volume report is the most comprehensive review of Europe's Homeland Security & Public Safety market available today.

Questions answered in this report include the following:

  • What will the market size and trends be during 2016-2022?
  • Which submarkets provide attractive business opportunities?
  • Who are the decision-makers?
  • What drives the customers to purchase solutions and services?
  • What are the customers looking for?
  • What are the technology & services trends?
  • What is the market SWOT (Strengths, Weaknesses, Opportunities and Threats)?
  • What are the challenges to market penetration & growth? 

The report is part of the "Europe's Terror & Migration Crisis Series" reports which focus on the European Counter-Terror and Public Safety Market. Other reports in the series include:

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 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 U.S. Congress, DHS, U.S. Army, U.S. Navy, NATO, DOD, DOT, GAO, and EU, among others; as well as HLS & PS 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 500 companies, HSRC earned the reputation as the industry's Gold Standard for HLS & PS market reports

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