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High Threat Perception to Boost Investment in Homeland Security Solutions in the United Kingdom - New analysis from Frost & Sullivan, UK Homeland Security Market, finds that this market earned revenues of $609.0 million in 2007 and estimates this to fall to $346.0 million in 2016
High Threat Perception to Boost Investment in Homeland Security Solutions in the United Kingdom

 

PRZOOM - /newswire/ - London, United Kingdom, 2007/07/23 - New analysis from Frost & Sullivan, UK Homeland Security Market, finds that this market earned revenues of $609.0 million in 2007 and estimates this to fall to $346.0 million in 2016.

   
 
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The UK government has been steadily increasing its security budgets in the face of growing threats to national and civil security. Recent terror attacks combined with upcoming events such as the 2012 London Olympics are leading the government to prioritise safeguarding the country against threats of this nature. This has created an attractive market for security solutions, offering significant potential for both revenues and growth.

“Although the concept of Homeland Security is a relatively new one, security has been amongst the highest priorities of governments around the world since the 2001 attacks in New York,” remark Frost & Sullivan Research Analysts Georgios Oikonomakis and Friso Buker. “The United Kingdom is no stranger to the threat of asymmetric warfare and is one of the highest spenders in Europe, with an annual security budget in excess of £2 billion.”

New analysis from Frost & Sullivan (aerospaceanddefense.frost.com), UK Homeland Security Market, finds that this market earned revenues of $609.0 million in 2007 and estimates this to fall to $346.0 million in 2016. However, this does not take into account the opportunities that will appear midway through the forecast period, as the market is forecast initially to grow and then to contract.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the latest analysis of the UK Homeland Security Market, then send an email to Michael Banks, Corporate Communications, at michael.banks[.]frost.com with your full name, company name, title, telephone number, fax number and email address. On receipt of the above information, an overview will be sent to you by email.

Growth is unlikely to continue throughout the entire forecast period, because the bulk of security spending is likely to be allocated in the run-up to the 2012 Olympics. The market is nevertheless expected to remain highly competitive and to offer strong opportunities for companies with comprehensive solutions, addressing known threat domains which have so far proven difficult to secure.

“Mass transport systems, for instance, are a particularly soft target, as the 2005 attacks on the London Underground network showed,” says Oikonomakis. “The vulnerability of these systems has significantly increased the terrorist threat perception in the United Kingdom and has forced the government to upgrade security measures by enhancing surveillance, detection and response capabilities across all identified threat domains.”

While CCTV cameras have been the preferred method of surveillance up to now, systems that include ’intelligent’ processing functionality and remote monitoring capabilities are also expected to drive the market during the forecast period. Transport authorities have also been looking at technologies other than surveillance to close any remaining security gaps.

However, there are significant challenges associated with providing security solutions for open threat domains such as mass transport systems and other congested urban areas. Companies also need to address end users’ very specific requirements, many of whom are struggling to develop satisfactory technological security strategies. These challenges are making it very difficult for the security industry to adequately address the relevant authorities’ most pressing and complex challenges.

Inherent challenges aside, the UK homeland security market is also highly competitive. Given the large number of established participants, factors such as a company’s track record and the quality of its references, particularly in the public sector, will be essential to achieving success in this market.

“Responding to these challenges, companies looking to get a share of security spending in the United Kingdom need to understand customers’ operational requirements and security challenges,” observes Buker. “In a market with many exciting (but not always applicable) technologies, aligning the product to the customer is infinitely more important than trying to find customers for existing product lines.”

UK Homeland Security Market is part of the Defense Growth Partnership Service, which also includes research in the following markets: European Mass Transit Security, Global Airport Perimeter Security, US Federal Homeland Security and European Homeland Security Markets – A Market Opportunity Assessment. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics and demographics.

 
 
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High Threat Perception to Boost Investment in Homeland Security Solutions in the United Kingdom

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