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US homeland security market analysis

Research And Markets : 24 June, 2008  (New Product)
Frost's report on DHS budget analysis available from Research and Markets and provides analysis of government department spending trends on the security industry
Research and Markets has announced the addition of Frost & Sullivan's new report 'US Department of Homeland Security Markets Budget Analysis' to their offering.

This Frost & Sullivan research service titled US Department of Homeland Security Markets Budget Analysis analyzes current trends and historical spending and budgeting behaviour to forecast the future of the homeland security market.
This analysis is available through our Aerospace and Defence Growth Partnership Service program. With continuous access to intelligence and resources from all seven perspectives of the complex business universe, the Growth Partnership Services program ensures that you and your Growth Team are able to maintain a 360 degree view of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.

The constant threat of terror attacks is proving to be the most potent driver for the US 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, organisations such as Homeland Security Advanced Research Projects Agency (HSARPA), the Defence 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, prioritised 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 fire fighters, 56 percent decrease in transit security grants, and a 48 percent reduction in port security grants possibly due to the funds being directed toward military 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 fire fighting programs.'

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 non standard 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 non standard 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.'

Expert analysts thoroughly examine the following market sectors in this research:.

- US coast guard.
- US secret service.
- Federal emergency management agency.
- Bureau of customs and border protection.
- Bureau of immigration and customs enforcement.
- Office of the secretary.
- Bureau of citizenship and immigration services.
- Federal law enforcement training centre.
- Transportation security administration.
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