Report: Global homeland security surge seen

Global homeland security spending is projected to rise by 46 percent to $34.8 billion by 2011, according to a new report from Homeland Security Research Corp., a Washington-based research firm.

About half the spending is expected to come from the U.S. Homeland Security Department, while roughly 30 percent is from other governments and 20 percent is from the private sector, states the report. Total spending in 2006 on global homeland security was $23.8 billion, the report said.

A cumulative $123 billion is expected to be allocated to this purpose by the public sector during the five-year period. The private sector will appropriate $28.5 billion during the period.

The Top 10 leading sectors for homeland spending are forecasted to total $8.5 billion over five years. Those sectors include airport security, port and maritime security, IT, perimeter and border protection and cybersecurity.

The fastest-growing sectors, with growth projected at a minimum of 60 percent over the five years, include radio frequency identification systems, nuclear screening portals, communication interoperability and biochemical detection and mitigation, the report said.