According to a new report, Governmental spending in the Homeland Security industry should reach $141.6 billion in 2009. The implementation of programs and initiatives by governments worldwide in the realm of Homeland Security is what has been pushing these projections.
The report examines the submarkets and technologies in Homeland Security that being utilized and analyzes what the market will be like in the coming years. With the market expanding, Homeland Security is becoming an area of interest for both large established defense contractors and small and emerging companies.
The market is expected to prosper beyond the forecasted increase of 2009-10 as the report specifies.