WASHINGTON, May 8, 2017 /PRNewswire-USNewswire/ -- According to a recent report by Homeland Security Research Corp. (HSRC), security and public safety organizations are spending large sums of money on big data infrastructure and software, in order to deal with growing global security threats. The rising use of smartphones, computers, and other personal devices is creating huge amounts of data, making it possible to track and analyze potential threats. The research, Big Data and Data Analytics in Homeland Security & Public Safety: Global Market 2017-2022, forecasts that by 2022, spending on big data will reach $11 billion.
The big data trend is leading to new opportunities for intelligence processing, exploitation, dissemination, and analysis. Big data collection improves the investigative capabilities of security and intelligence organizations when dealing with issues of war on crime & terror, cyber defense and public safety.
HSRC forecasts that the big data market will witness rapid growth in APAC and Europe, with an expected CAGR of over 20% for both regions, particularly in China and Western Europe.
The big data report breaks down industry spending by verticals, as follows:
- Government Intelligence Agencies Big Data
- LEA & 1st responders Big Data
- Defense/Military Intelligence Big Data
- Financial Services & Fraud Detection Big Data
- Cyber Security Agencies Big Data
- Border & Customs Control Big Data
- Mass Transportation Security Big Data
- Intelligence Fusion Centers Big Data
- Critical Infrastructure Security Big Data
The report also provides a breakdown by data sources, region, leading countries and technology.
Explore more HSRC Reports at http://www.homelandsecurityresearch.com.
About Homeland Security Research Corp. (HSRC)
HSRC is an international market and technology research firm specializing in the Homeland Security & Public Safety industry. HSRC provides premium off-the-shelf and customized market reports on present and emerging technologies and industry expertise, enabling global clients to gain time-critical insight into business opportunities. HSRC's clients include the U.S. Congress, DHS, U.S. Army, U.S. Navy, DOD, DOT, GAO, NATO and EU, among others; as well as government agencies in Japan, Korea, Taiwan, Israel, Canada, UK, Germany, Australia, Sweden, Finland, Singapore. With over 750 private sector clients (72% repeat customers), including major defense and security contractors and Fortune 2000 companies, HSRC earned the reputation as the industry's Gold Standard for HLS & PS market reports.
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SOURCE Homeland Security Research Corp. (HSRC)