China, UAE, Kuwait and Saudi Arabia are Fastest Growing Homeland Security Markets
Middle Eastern countries are responding to the ongoing turmoil with rapid spending on Homeland Security & Internal Security technologies. According to HSRC’s latest report Global Homeland Security & Public Safety Market – 2015-2022, while in absolute terms spending of countries such as U.A.E., Kuwait and Saudi Arabia doesn’t come close to the market leaders China and the U.S. (which are forecasted to maintain a 36% share of the 2013-2022 market), in relative terms of GDP share, the Middle Eastern countries spend two to four times as much as the international superpowers. In addition, the urgency resulting from this turmoil makes these regions some of the fastest-growing Homeland Security & Public Safety markets in the World.
|Homeland Security & Public Safety Market Size Considering 10 Year CAGR and % of GDP|
In the chart above we take a closer look at the Homeland Security & Public Safety market for 10 selected countries. For each of the countries, the chart illustrates the relationship of the forecasted 2013-2022 HLS & Public Safety market CAGR with the market size as percent of GDP. The size of the bubble indicates the overall market size.