| 26 Dec 2007 |
|
Global homeland security spending expected to triple to $ 178 Billion by 2015
- Text size
Intersec Middle East benefits from boom in business
DUBAI: The global homeland security business is flourishing and governments and businesses worldwide are expected this year to spend over AED 216 billion ($59 billion) to thwart terrorists and secure their home countries, denoting a six-fold increase from 2000 figures, according to industry estimates.
"International expenditure on homeland security now surpasses established enterprises like movie-making and the music industry in annual revenues," said Angela Schierholz, Senior Show Manager at Epoc Messe Frankfurt GmbH, organizer of Intersec Middle East which will be held at the Dubai International Convention and Exhibition Centre from January 13 to 15, 2008.
Ms Schierholz noted that by comparison, the motion-picture and music industries each generate about AED 149 billion ($40 billion) annually. "Moreover homeland security spending for security goods and services is expected to increase to AED 653 billion ($178 billion) in 2015, or triple its current value," she estimated.
The business has moved from a frantic and often inefficient scramble in the wake of 9/11 to shore up security at airports to a much broader effort. The scope of security-related spending has expanded to include more sophisticated information technology and the protection of other vulnerable terrorist targets such as ports and nuclear reactors. And spending for anti-terrorism goods and services is expected to keep growing.
"Homeland security is among the fastest-growing industries today and initially the focus was on airport security but the industry has expanded encompassing companies selling all kinds of products and services for securing nearly every imaginable target," says Ms Schierholz.
The homeland security industry now includes chemical, biological and radiological detection, as well as border, rail, seaport, industrial and nuclear plant security. Other vendors include computer and human resources experts, boat makers for the Coast Guard, information and integrated technology companies, and myriad consultants.
The homeland security business is much bigger in the USA than in any country or region abroad, but that's changing. Rapid growth is expected in Europe, India and China. The USA will make up only 42% of the global market in 2015.
As economies of India and China grow rapidly, crime is rising and both are expected to join other Asian nations in an effort to combat crime and terrorism.
In the Middle East context, Intersec Middle East has played a major role in shaping the homeland security industry by providing security-related goods and services companies with a platform to reach out to key decision makers from the region.
Intersec Middle East enjoys the ongoing support of numerous trade and government organizations namely Dubai Police, the Institution of Occupational Safety and Health (IOSH), Build Safe Dubai, and Dubai Civil Defence which, after a spectacular premiere in 2007, will again demonstrate their state-of-the-art fire fighting and rescue capabilities at Intersec Middle East in 2008 in Dubai.
-Ends-
Show Profile:
Intersec Middle East is now firmly established in the international calendar as one of the foremost police & homeland security, commercial security, fire & rescue and safety & health exhibitions. Intersec Middle East in 2007 showcased more than 630 exhibitors and over 1600 brands. Record visitor attendance was recorded, large deals were signed, contacts were made and the latest issues, challenges and trends were discussed and considered. Intersec Middle East is the region's premier forum for the worldwide safety and security industry, providing the perfect opportunity to network and pursue new contacts. Show website: www.intersecexpo.com
Company profile:
EPOC Messe Frankfurt GmbH is a subsidiary of Messe Frankfurt, the world's largest trade fair organiser with its own fairground. It conducts over 150 events worldwide with 15 subsidiaries across Europe, Asia, America, Africa and the Middle East, and brings 800 years of experience to Dubai, the strategic hub for the region.
The successful portfolio of events of EPOC Messe Frankfurt GmbH in Dubai include: Intersec Middle East, Materials Handling+Logistics Middle East, Hardware+Tools Middle East, Garden+Landscaping Middle East, ISH kitchen+bath Middle East, Light Middle East, Beautyworld Middle East, Wellness & Spas Middle East, International/CES Hometech, Automechanika Middle East, and the Middle East Toy Fair.
Issued on behalf of Messe Frankfurt by BIZ COM.
BIZ COM - For Proactive Communications
P.O. Box 48889; Dubai - UAE
T: +97143320888
F: +97143320999
E: info@bizcom.ae
© Press Release 2007
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Loading ...
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.