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Threat Detection Systems Market size is set to grow by USD 230.6 billion from 2024-2028, Increasing number of terrorist activities boost the market, Technavio

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NEW YORK, June 11, 2024 /PRNewswire/ — The global threat detection systems market size is estimated to grow by USD 230.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 22.24%  during the forecast period. Increasing number of terrorist activities is driving market growth, with a trend towards use of emerging technologies for increasing efficiency. However, high cost of threat detection systems  poses a challenge. Key market players include Alert Logic Inc., Amazon.com Inc., Axis Communications AB, ChemImage Corp., Chemring Group Plc, Corptz, Fortra LLC, Group IB Service Ltd, Honeywell International Inc., LogRhythm Inc., Mirion Technologies Inc., OSI Systems Inc., PerimeterX Inc., Safran SA, Smiths Group Plc, Stellar Cyber, Synapse Technology Corp., Teledyne Technologies Inc., Thales Group, and Vectra AI Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Threat Detection Systems Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 22.24%

Market growth 2024-2028

USD 230.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

17.93

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 37%

Key countries

US, Germany, Canada, UK, and China

Key companies profiled

Alert Logic Inc., Amazon.com Inc., Axis Communications AB, ChemImage Corp., Chemring Group Plc, Corptz, Fortra LLC, Group IB Service Ltd, Honeywell International Inc., LogRhythm Inc., Mirion Technologies Inc., OSI Systems Inc., PerimeterX Inc., Safran SA, Smiths Group Plc, Stellar Cyber, Synapse Technology Corp., Teledyne Technologies Inc., Thales Group, and Vectra AI Inc.

Market Driver

Threat detection systems are essential components in various industries, particularly in the face of increasing cyber attacks. Technologies like wireless connectivity and artificial intelligence (AI), including machine learning (ML), are driving the development of flexible, adaptive security-oriented systems. ML tools, a key AI discipline, require domain knowledge to effectively analyze data and identify threats. Predictive analytics, a branch of advanced analytics, uses techniques like data mining and statistics to make future event predictions, enabling continuous learning and improvement. The market for global threat detection systems is expected to grow significantly due to the adoption of these advanced technologies. 

The Artificial Intelligence (AI) market is experiencing significant growth in the Threat Detection Systems sector. Machines and learning algorithms are becoming essential tools for identifying and responding to cyber threats. Companies are investing in technologies like machine learning and big data analytics to improve threat detection and response times. The use of biometric authentication and behavioral analytics is also increasing to enhance security.

The market for these systems is expected to continue growing, with a focus on creating more sophisticated and effective threat detection solutions. The future of threat detection lies in the ability to predict and prevent attacks before they occur. This requires advanced technology and a deep understanding of cyber threats and attack patterns. The market for these systems is competitive, with many players offering similar solutions. However, those that can provide the most accurate and timely threat detection will be in high demand. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

•         The global threat detection systems market faces a significant challenge due to the high cost of implementation. Factors contributing to this expense include hardware costs for sensors and switches, software acquisition or licensing fees, ongoing labor costs for installation, maintenance, and usage, and annual fees for software maintenance and updates. Integration costs for seamless threat detection also add to the overall expense. These factors can significantly increase the budget for regulatory authorities, potentially hindering market growth during the forecast period.

•         The Threat Detection Systems market faces several challenges in ensuring effective security. These include the need to identify new and advanced threats, such as those using machine learning and artificial intelligence. Additionally, the vast amount of data being generated daily requires robust and efficient detection methods.

•         False positives and negatives can also hinder the performance of these systems, leading to potential security breaches. Furthermore, the integration of various systems and technologies can be complex, requiring expertise and resources. Lastly, the constant evolution of threats necessitates continuous updates and improvements to keep up with the latest trends.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

Application 1.1 Defense1.2 Commercial1.3 Industrial1.4 Public infrastructure1.5 ResidentialType 2.1 Hardware2.2 Software2.3 ServicesGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Defense-  The defense sector faces the challenge of safeguarding forces and societies against terrorist attacks, leading to a heightened demand for advanced threat detection systems. Governments are investing significantly in defense infrastructure, allocating large budgets for upgrades. Threat detection systems offer benefits such as advanced technologies, durable equipment, and user-friendly interfaces.

CE certification ensures suitability for harsh conditions. Applications include military base security, narcotic and explosion detection, and CBRNE threat detection. Vendors like Smiths Detection, ChemImage Corp., RAE Systems Inc., and Thales Group provide solutions. These factors will drive the growth of the global threat detection systems market in the defense sector.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Threat Detection Systems market encompasses innovative technologies such as Artificial Intelligence (AI) and Machine Learning (ML) to enhance security measures in various sectors. These systems utilize data analytics, IoT, and sensor technology to identify potential threats, including explosives, weapons, chemical, biological, and illicit substances.

Advanced security systems employ imaging techniques and software algorithms to analyze patterns and anomalies, ensuring the safety of airports, commercial centers, and tourist destinations. Market engineering processes involve studying objectives, engaging with directors and executives, and conducting value chain analysis. This analysis includes profiling primaries, identifying raw material suppliers, and analyzing component suppliers and system designers to optimize the overall market landscape.

Market Research Overview

 

This study focuses on advanced security systems for radiological and nuclear (CBRN) hazards. It aims to explore AI, ML, data analytics, IoT, sensor technology, and imaging techniques in this context. The report profiles key directors and executives, detailing their roles in value chain analysis from raw material suppliers to system designers. The study covers sectors including explosives, weapons, chemical, biological threats, and illicit substances, emphasizing applications in airports, commercial centers, and tourist destinations. The market engineering process includes software algorithms and data-driven insights to enhance security measures and efficiency.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationDefenseCommercialIndustrialPublic InfrastructureResidentialTypeHardwareSoftwareServicesGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Beijing Review: 50 Years of Growing Partnership

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BEIJING, May 11, 2025 /PRNewswire/ — On May 6, 1975, China and the European Economic Community, the predecessor to today’s European Union, established diplomatic relations. This historic moment opened a new chapter of friendship and cooperation.

 

Over the past half a century, both sides have championed multilateralism, deepened collaboration and achieved mutually beneficial outcomes. Their enduring efforts have played a constructive role in advancing global peace and development. A healthy and stable partnership not only serves their interests, but also helps shape a better world.

“The wise find common ground; the unwise dwell on differences.” This slightly adapted line from the earliest known text on Chinese medicine, The Yellow Emperor’s Inner Canon, reflects the spirit of cooperation between the two sides across decades and offers a guiding vision for the future.

In March 2014, shortly before his state visit to Belgium and visit to the EU headquarters, President Xi Jinping cited this ancient Chinese quote in his article published in Belgian newspaper Le Soir. The sentence emphasizes that wise people focus on shared values and embrace diversity to achieve mutual benefit; whereas the unwise amplify differences, foment conflict and invite failure.

Through this quote, Xi conveyed his hope that China and the EU will respect each other, treat each other as equals, seek common ground while respecting differences, deepen communication and stay committed to mutually beneficial cooperation. He called for finding the greatest common interests, sharing opportunities and jointly tackling challenges.

Given their differences in history and culture, social institutions and stages of development, it is only natural for China and the EU to have varying perspectives, and even disagreements, on certain issues. Like-mindedness makes for partnership, and seeking common ground while respecting differences is also a feature of partnership.

Both past experiences and present realities have shown that as long as both sides adhere to mutual respect, treat each other as equals and engage in candid dialogue, differences cannot stand in the way of dialogue, nor can disagreements impede collaboration.

To date, China and the EU have established over 70 consultation and dialogue mechanisms, covering a broad spectrum of sectors including politics, economy and trade, people-to-people exchange, science and technology, energy and the environment.

Bilateral trade expanded from just over $2.4 billion in 1975 to over $780 billion in 2024. Two-way investment, once negligible, surged to nearly $260 billion. Since its launch in 2011, the China-Europe Railway Express, dubbed the “steel camel caravan,” has reached 227 cities across 25 European countries, completing over 100,000 freight trips, and become a key link between Asia and Europe.

Throughout history, both Chinese and European civilizations have made lasting impacts on the progress of humanity. In recent years, exchanges in education, science and technology have flourished. Cultural exchange is becoming more vibrant and connections between people are growing ever closer, continuously enriching their shared stories of mutual understanding, cooperation, exchange and mutual learning.

“The wise find common ground; the unwise dwell on differences.” At the new starting point that is the 50th anniversary of diplomatic relations, China and the EU should remain true to the original aspiration of their partnership, seek common ground while respecting differences, build mutual trust and pursue mutually beneficial cooperation. Together, they will foster global peace and prosperity, as well as usher in a new, promising chapter in the next 50 years.

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HashKey Exchange Achieves SOC 1 Type 2 and SOC 2 Type 2 Certifications

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HONG KONG, May 11, 2025 /PRNewswire/ — HashKey Exchange, the largest* licensed virtual asset exchange in Hong Kong, today announced that HashKey Custody Services Limited** (abbreviated as “HashKey Exchange”) has achieved the SOC 1 Type 2 Certification and SOC 2 Type 2 Certification. The certification reinforces HashKey Exchange’s role as a trusted partner for institutional and retail clients seeking compliant, enterprise-grade solutions.

The certification reports include the auditor’s opinion affirming the suitability and operational effectiveness of controls, defined control objectives aligned with security, availability, and confidentiality criteria, rigorous testing methodologies including inspections and risk assessments, and evidence of consistent control effectiveness throughout the audit period.

The scope of the certification provides reasonable assurance that HashKey Exchange’s service commitments and system requirements are achieved based on the Trust Services Criteria relevant to security, availability, and confidentiality (“applicable trust services criteria”) set forth in TSP Section 100, 2017 Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality, and Privacy, under the AICPA Trust Services Criteria.

This achievement is significant, reflecting a well-designed system that provides reliable, secure, and resilient services for users across HashKey Exchange’s platforms, including digital asset trading, custody, and asset management solutions. The SOC 1 Type 2 audit assessed HashKey Exchange’s controls over a specified timeframe, confirming ongoing effectiveness in ensuring financial reporting accuracy, maintaining data integrity, and complying with regulatory requirements. The SOC 2 Type 2 audit evaluated HashKey’s controls over an extended period, ensuring consistent operational effectiveness in safeguarding client data, mitigating risks, and maintaining system uptime.

The certification builds on HashKey Exchange’s existing compliance framework, which includes ISO 27001 (information security management) and ISO 27701 (privacy information management), positioning HashKey Exchange as a high-level global digital asset service provider able to meet such rigorous, multi-layered standards.

The SOC 1 Type 2 Certification is accordance with International Standard on Assurance Engagement 3402, Assurance Reports on Controls at a Service Organisation (“ISAE 3402”), issued by the International Auditing and Assurance Standards Board (“IAASB”). SOC 2 Type 2 Certification based on the AICPA’s Trust Services Criteria. Both are rigorous compliance reports verifying that an organization’s controls operate effectively over a sustained period. These reports are issued by independent auditing firms accredited to assess and attest to the operational reliability of these controls.

*As of January 31, 2025, HashKey Exchange ranks 7 on CoinGecko’s global exchange list and is the highest-ranked licensed virtual asset exchange in Hong Kong.

**Note: HashKey Custody Services Limited serves the sole purpose of safeguarding custodial clients’ assets for HashKey Exchange, which can be referred to simply as HashKey Exchange.

About HashKey Exchange
On a mission to set the bar for virtual asset exchanges in compliance, safety, and security, HashKey Exchange (HBL) was granted as a licensed virtual asset exchange to provide retail services in Hong Kong. HashKey Exchange has received approval from the Securities and Futures Commission (SFC) of Hong Kong to operate a virtual asset trading platform under Type 1 (Dealing in securities) licence, Type 7 (Providing automated trading services) licence and Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO) licence. As HashKey Group’s flagship exchange business, HashKey Exchange provides trading services for both professional investors (PI) and retail investors. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Data Privacy) management system certifications. HashKey Exchange does not service users from Mainland China, United States and certain other jurisdictions in compliance with laws and regulations. This material has not been reviewed by the Securities and Futures Commission of Hong Kong or any other regulator.

Stay tuned for more details about HashKey Exchange. Follow us on Twitter and LinkedIn.

Disclaimers

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SOURCE HashKey Exchange

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DynaFile Leverages the Power of Adobe Acrobat Sign to Eliminate Paper and Simplify HR Document Management

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DynaFile Announces Integration with Adobe Acrobat Sign to Simplify HR Document Management DynaFile has launched a new integration with Adobe Acrobat Sign to help HR teams fully digitize their document workflows. This integration allows for seamless electronic signatures and automated filing of signed documents into DynaFile’s secure, cloud-based repository, making files instantly accessible and audit-ready. The combined solution streamlines critical HR processes such as onboarding, policy acknowledgments, tax forms, and compliance documents—ideal for remote and hybrid teams. It also supports industry-specific compliance needs (HIPAA, FERPA, GLBA, FDA 21 CFR Part 11) through secure encryption, audit trails, and automated retention tools. With this integration, HR professionals can reduce paper use, boost efficiency, and ensure compliance across every stage of the employee lifecycle.

GREENWOOD VILLAGE, Colo., May 10, 2025 /PRNewswire-PRWeb/ — DynaFile, the industry-leading cloud-based document management system for HR, is proud to announce a new integration leveraging Adobe Acrobat Sign, a trusted global e-Signature solution. By combining the power of DynaFile’s automated document management with Adobe Acrobat Sign’s secure e-Signature capabilities, HR teams can now fully digitize employee file workflows in a secure, compliant, and efficient way.

We’re excited to offer our customers seamless e-Signature capabilities by integrating with Adobe Acrobat Sign. This powerful connection gives HR professionals the tools they need to eliminate paper, streamline compliance, and operate more efficiently across every stage of the employee lifecycle.

The Adobe Acrobat Sign + DynaFile integration creates an end-to-end digital document workflow, from signature collection to secure, organized file storage. Signed documents are automatically routed into DynaFile’s cloud repository. They are indexed and organized by employee and document type, making them instantly accessible, searchable, and audit-ready.

“We’re excited to offer our customers seamless e-Signature capabilities by integrating with Adobe Acrobat Sign,” said Brian McCleary, VP of Operations at DynaFile. “This powerful connection gives HR professionals the tools they need to eliminate paper, streamline compliance, and operate more efficiently across every stage of the employee lifecycle.”

Built for the Modern HR Department

Together, DynaFile and Adobe Acrobat Sign deliver a best-in-class solution that simplifies the management and e-Signature of essential HR documents, including:

New hire onboarding packets and offer letters

Employee policy acknowledgments and handbooks

I-9’s, W-4’s, and other tax documents

Benefits enrollment and change forms

Performance evaluations and disciplinary notices

Training records and compliance certifications

Employment contracts, NDAs, and separation agreements

Documents can not only be signed from any device, anywhere, but can now be easily and securely accessed by appropriate HR team members from anywhere, making this integration ideal for remote, hybrid, and distributed teams.

Compliant e-Signatures That Work Across Industries

DynaFile and Adobe Acrobat Sign bring enterprise-grade security and compliance to HR workflows across regulated industries such as healthcare, education, and finance. By combining the security features built into DynaFile and Adobe Acrobat Sign, HR departments can meet key compliance standards, including:

HIPAA (Health Insurance Portability and Accountability Act)FERPA (Family Educational Rights and Privacy Act)GLBA (Gramm-Leach-Bliley Act)FDA 21 CFR Part 11 (electronic records and signature compliance)

With built-in encryption, detailed audit trails, and automated compliance features, organizations can reduce risk while ensuring secure, legally binding digital transactions.

Compliance Made Even Easier with DynaFile

Once documents are signed via Adobe Acrobat Sign, DynaFile automatically files them in the appropriate folder, eliminating manual uploads and reducing the risk of misfiled paperwork. DynaFile’s compliance toolkit includes customizable document retention schedules, role-based access controls, and automated alerts for missing or expiring documents. Together, DynaFile and Adobe Acrobat Sign provide HR teams with a secure, fully digital solution to stay organized, compliant, and audit-ready.

“This integration brings together two trusted technologies to create a smarter, faster way to manage HR documentation,” added Brock Kane, VP of Sales and Marketing at DynaFile. “It’s a powerful upgrade for modern, digital-first HR teams.”

About DynaFile

For over 25 years, DynaFile has empowered HR teams to go paperless, improve compliance, and streamline employee file management. This cloud-based document management solution integrates seamlessly with leading HRIS and HCM platforms to provide a secure, centralized system for digital onboarding, document tracking, and long-term record retention. Trusted by HR leaders across industries, DynaFile features barcode scanning, automated workflows, and role-based access controls to keep your team organized, compliant, and audit-ready.

Learn more: www.dynafile.com

About Adobe Acrobat Sign

Adobe Acrobat Sign, part of Adobe Document Cloud, is a global leader in secure electronic signatures. Designed for ease of use, speed, and compliance, Adobe Acrobat Sign helps organizations digitally transform their document processes. With integrations across Microsoft, Salesforce, Workday, and now DynaFile, Adobe Acrobat Sign supports millions of users worldwide in creating efficient, legally binding, and fully auditable digital workflows.

Learn more: www.adobe.com/sign

Media Contact

Brock Kane, Blue Ribbon Technologies, 1 303-459-2078, bkane@dynafile.com, https://www.dynafile.com 

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