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How Has the Pandemic Affected the Homeland Security Market?

By CIOReview | Monday, September 28, 2020

The pandemic has hit the government and private sectors massively, and they are striving to pull themselves together and face the challenges of the situation.

FREMONT, CA: After the pandemic is subsided, the size of the global homeland security management market under the realistic scenario is predicted to grow from USD 1,035 billion in 2020 and projected to reach USD 1,081 billion by 2025, at a CAGR of 0.9 percent. The projection for 2025 is said to be 30 percent higher than the pre-pandemic estimates. From a natural thought process, the market is has grown substantially in 2020 and will continue to grow till 2021.

The major factors fueling the growth of the homeland security management market include the increasing demand for AI-based homeland security solutions and the requirement to upgrade existing IT systems throughout the globe.

There are only a few FDA-approved temperature-sensing thermal cameras and software solutions that are available in the market today, and they have served the pharmaceutical and biochemical vertical markets. An FDA-approved thermal camera temperature solution is governed by ISO13154 that sets the standard for the deployment, implementation, and operation of screening thermographs for identifying the febrile human beings. These installations come with a high price, but have extreme value in the exact environments and applications.

Because of the pandemic crisis, APAC hospitals, maritime security, airports security, along with law enforcement agencies, have embraced new technologies and tools to fight against the pandemic. To hold the pandemic, countries in the APAC region are deploying digital surveillance tools as a means to apply social control, even turning security agency technologies on their civilians. Government agencies in South Korea are connecting surveillance camera footage, smartphone location data and credit card purchase record to help trace the recent movements of coronavirus patients and establish virus transmission chains. In its battle against the pandemic, China, for instance, is depending on blockchain technologies to overcome barriers in trade and monitor quarantine activities. Alipay (China), one of the leaders in blockchain-based online information platforms, shares epidemic-related materials over mobile apps to help citizens learn good prevention habits. The company’s platform uses Ant Blockchain and is led by the Health Commission and Committee of Economic and Information Technology of Zhejiang province.