International trade

Research and Markets: Airport & Marine Port Security Market 2013 – 2018

DUBLIN–(BUSINESS WIRE)– Research and Markets ( ) has announced the addition of the "Airport & Marine Port Security Market (Access Control, Video Surveillance, Screening & Scanning, Asset and Visitor Management, Perimeter Intrusion Detection, Network Security) – Worldwide Market Forecasts and Analysis 2013 – 2018" report to their offering. Despite the fact that transportation systems are usually inviolable, dependable, and more dynamic than ever before, compelling objections remain to assure the security of the port services that enable a flourishing network of international trade. The global port security market is estimated to grow from $22.28 billion in 2013 to $36.99 billion by 2018, at a Compound Annual Growth Rate (CAGR) of 10.7% from 2013 to 2018. Transportation hubs engage millions of employees, visitors, crew members, contractors, lorry drivers, and rescue staff with access to protected areas at these locations. Identifying and inspecting these individuals while concurrently facilitating and supervising their access within these demanding air and seaport facilities is crucial to empower secure, proficient, and dependable worldwide trade. There has been immense research for building comprehensive, efficient, and effective port security solutions. The port administration authorities are keen to inspect from people to particle that move across the ports. Governments have formed various regulatory associations and introduced security norms to benefit the coordination between port/facility security and state security/emergency agencies/services. Surging threats on ports and necessity for sustaining the nations’ business continuity are the key drivers for the port security business. The regional economies are experiencing high growth rates […]

U.S.-Based Biometric Company Continues Patent Infringement Fight

The security industry is no stranger to patent litigation, especially when it comes to video surveillance. However, a ruling by a federal appeals court earlier this month could have an impact on the biometrics market and specifically on foreign manufacturers looking to import fingerprint scanners into the U.S. In 2010, Cross Match Technologies, a Florida-based manufacturer of biometric solutions, filed a complaint with the International Trade Commission alleging that South Korea-based manufacturer Suprema, Inc. and its reseller Mentalix, Inc. of Plano, Texas, had infringed upon three of the company’s patents. According to Kathryn Hutton, senior vice president and general counsel for Cross Match, these patents include: U.S. Patent No. 5,900,993 (“the ’993 patent”), which is a hardware patent that pertains to the optical configuration of their scanners, which use a series of lenses to generate the image on a fingerprint. The other two, U.S. Patent No. 7,203,344 (“the ’344 patent”) and U.S. Patent No. 7,277,562 (“the ’562 patent”) are software method patents that tell a user when a fingerprint image is good enough to be captured and processed. Hutton said this case started near the end of 2009 when the U.S. General Services Administration was looking into purchasing several hundred fingerprint scanners for the Census Bureau in an effort to check the backgrounds of the incoming plethora of census workers. Mentalix was eventually awarded the bid, but to the surprise of Cross Match, they were not going to be using their hardware. “We have had a long standing relationship […]

Global Video Surveillance And VSaaS Market Is Expected to Reach US$42.81 Billion Globally in 2019

Global Video Surveillance and VSaaS Market is Expected to Reach USD 42.81 Billion Globally in 2019: Transparency Market Research Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact . SOURCE ALBANY, New York , October 30, 2013 /PRNewswire/ — According to a new market report published by Transparency Market Research ” Video Surveillance and VSaaS Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 ,” the global market is expected to reach a value of USD 42.81 billion by 2019, growing at a CAGR of 19.1% from 2013 to 2019. Increased security and safety concerns and need to monitor activities to detect intrusion, theft and traffic surveillance are some important reasons driving the growth of the video surveillance and VSaaS market globally. Browse the full report with complete TOC at By system, IP based video surveillance market is expected to grow rapidly at a CAGR of 24.2% during the forecast period from 2013 to 2019. Growing installations of IP cameras and need for surveillance cameras with better video quality is driving the demand for IP based video surveillance systems, globally. By components, hardware market was valued at USD 9.49 billion in 2012 and is expected to grow at a CAGR of 17.3% during the forecast period from 2013 to 2019. It comprises […]

GeoVision Stock Surges On Brokerage Firm Recommendation

Digital surveillance equipment supplier GeoVision Inc saw its shares soar by the maximum daily limit yesterday to their highest level in five years, after Hong Kong-based brokerage CLSA Global Markets said the company is its top pick among global Internet protocol (IP) camera makers. The company’s share price rose 6.78 percent to NT$181 as 1.64 […]