by Angela Guess
According to a recent press release, “The Big Data and Data Analytics in Homeland Security & Public Safety: Global Market 2017-2022 report forecasts that the industry’s revenues will grow at a CAGR of 17.5% during 2015-2022, to reach $11 Billion by 2022. Homeland Security Research Corp. forecasts that the Big Data and Data Analytics in Homeland Security and Public Safety market will be spearheaded by rapid growth in Asia Pacific and Europe, with an expected CAGR in the low 20 percent digits for both regions, particularly due to the Chinese and Western European Homeland Security and Public Safety markets.”
The release goes on, “The use of Big Data and Data Analytics by Homeland Security and Public Safety organizations is on the rise, mostly because the world is becoming more digital and connected. This trend is creating new opportunities, not only for data collection and storage, but also for intelligence processing, exploitation, dissemination, and analysis. Big Data and Data Analytics technologies can increase the investigative capabilities of Homeland Security and Public Safety organizations in many relevant aspects, including: war on crime & terror, defense from cyber-attacks, public safety, disaster and mass incident management, and development of predictive capabilities.”
It continues, “The global Big Data and Data Analytics in Homeland Security and Public Safety market is forecast to go through a growth phase during 2017-2022, due to the following drivers: Increased use of smartphones, wearables, and other smart connected devices (cars, machines, IoT, etc.), which will continue to create enormous amounts of information that Homeland Security and Public Safety organizations can use to their advantage. Technological advancements in data collection, storage, analytics, and visualization, which will allow organizations to increase the amount of data they generate, as well as produce more actionable intelligence to support real-time decision making.”
Read more at Marketwired.
Photo credit: Homeland Security Research