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 report, “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 research firm said that this 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 crime, terrorism, cyber defense, and public safety.
HSRC forecasts that the big data market will witness rapid growth in APAC and Europe, with an expected compound annual growth rate (CAGR) of over 20 percent for both regions, particularly in China and Western Europe.
For more information, visit www.homelandsecurityresearch.com.
