Virtually every crucial economic and social function depends on the safe, secure and reliable operation of our national infrastructures. Critical infrastructures such as energy and electric power, banking/finance, oil/gas/water pipelines, government/policy, transportation, food/agriculture, health services, manufacturing, and telecommunications information networks including Internet and digital systems rely increasingly on effective security.
"Security is one of the fastest-growing professional careers worldwide.... The security industry in the U.S. is a $100 billion a year business and growing." (Career Opportunities in Security, ASIS International, 2005, p.3.)
A July 24, 2008 e-mail from the Homeland Security Research Corporation entitled “The 10 Fastest Growing Homeland Security Market Sectors” noted, in part:
- “We forecast that the private sector will procure $28.5 Billion in HLS [Homeland Security] products and services from the HLS industry during 2007-2011. These markets are analyzed and segmented by industry sector (e.g. banking & finance, chemical & HAZMAT, energy, water) and products/services category procured (e.g. perimeter protection systems, cyber terror security, biometric systems).
- “We forecast that ten HLS industry sectors will each total over $8.5 Billion in revenues over the five-year period … (e.g. Airport Security, Port & Maritime Security, Information Technology, Perimeter & Border Protection, and Cyber-security).
- “We forecast that the revenues of ten HLS industry sectors will grow by 60% to 400% during 2007-2011… (e.g. RFID Systems, Nuclear Screening Portals, Communication Interoperability, Bio-Chem Agents Detection & Mitigation)…”
Surveys and focus groups conducted by TLI in assessing the value of the MSST indicated that, in addition to the needs of the public sector, there is a need for more and better-trained individuals in security technologies in:
- Large private security system manufacturers and sensor development companies
- Audit and compliance companies
- Sensor development companies
- Financial institutions
- Food production companies
- Healthcare organizations
- Defense Industry contractors
- Security Consulting firms
- Retail companies
- Medical device manufacturers
- Information providers
Examples of companies in Minnesota that represent these sectors include: 3M, American Defense, ATK, BAE, Best Buy, Boston Scientific, Cargill, Ernst & Young, GE Security, General Dynamics, General Mills, Honeywell, MedNet, Medtronic, Minnesota Defense Alliance, PriceWaterhouseCoopers, St. Jude, Target, Thomson Reuters, United Healthcare Group, US Bank, Wakenhut, Wells Fargo.