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Market research analysts at Technavio predict that the global machine to machine (M2M) homeland security market will grow steadily over the next four years at a CAGR of around 55% by 2021. Infrastructure resilience is identified as one of the primary growth factors for this market. Urban cities depend mostly on the effective functioning of infrastructure systems such as electric power, potable water, and transportation networks. At the time of disasters, infrastructure gets severely interfered due to network properties of infrastructure. To mitigate these problems, new engineering designs, materials, and retrofitting strategies were developed to enhance the capabilities of infrastructure elements to withstand natural and human-made hazards. With the incorporation of M2M technology in security systems, proactive planning can be achieved to attain flexibility, thus reducing emergency response delay and recovery costs. Moreover, the timely updates from networked devices can lead to effective risk anticipation and preventive measures are appropriately implemented to reduce the severity levels.
One of the latest trends that will gain traction in the M2M homeland security market is the fire detection and suppression using integrated intelligence systems. Fire explosion creates devastating effects on families and businesses by the loss of life and creating huge damages. M2M aviation homeland security systems are designed to identify the possible occurrence of explosion through integrated device communication and warnings. These security systems can be monitored and tested for effectiveness on a regular basis at a reasonable budget through the deployment of M2M technology such as fire prevention system (FPS). For instance, Westminster, a key provider of aviation security systems introduced WG FPS that differs from conventional fire extinguishing systems in providing a continuous level of prevention rather than a one-off discharge using M2M intelligence through predictive maintenance techniques.
The M2M homeland security market is experiencing intense competition among few vendors present in the market. Numerous new vendors are expected to enter the market as the requirement of M2M systems is scaled at a high level, and delivering business specific solutions would help to gain competitive advantage.
The leading vendors in the market are -
The other prominent vendors in the market are AeroVironment, Elbit Systems, General Dynamics, Globotrack, Hughes, Leonardo, Safran, Teraquant, and Zeal.
During 2016, the border security segment accounted for the major shares of the M2M homeland security market. The detection and the need to counter threats such as unauthorized immigration, terrorism, cross-border criminal activities, and smuggling drives the growth of the segment in the global market. Moreover, the continuous investments by numerous governments in advanced surveillance equipment and technologies will also lead to the tremendous growth of the segment in the global market.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the M2M homeland security market throughout the forecast period. The growing public awareness about the demand for homeland security systems in developing countries will drive the growth of the market in the Americas. Also, the rising terrorist attacks in developing countries have resulted in increased penetration of homeland security systems, leading to revenue growth.
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An M2M platform is a programmed unit in which M2M applications and services are built. With the increasing need for digital transformation in the homeland security market throughout the globe, the demand for M2M homeland security applications has increased and has made a significant impact on various industrial sectors including enterprise application, and IT professional services.
This extensive market research report provides a detailed picture of the market through comprehensive study, synthesis, and accumulation of data from multiple sources. Our market research analysts have inferred the several facets of the global market with a focus on identifying the prominent industry influencers, by understanding the dynamics of the key segments of the market and comprehending the imperative trends that will affect the market in the future. This upcoming report on M2M homeland security market also takes into account the impact of similar markets like the campaign management software and homeland security surveillance camera market, which are expected to advance at a CAGR of above 19% and above 6%, respectively, during the period 2017 to 2021. As predicted by our market research analysts, rapidly rising demand for faster recovery response to disasters is expected to support the growth of this market during the next four years.
The upcoming industry research report on M2M homeland security market also identifies the major drivers, trends, coupled with the key challenges currently experienced by the industry. It also presents significant insights into the changing competitive landscape to give you a holistic view of the future of the ICT industry.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by security type
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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