Locks and Security News: your weekly locks and security industry newsletter
16th October 2019 Issue no. 479
Your industry news - first
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Hikvision remains in pole position in global CCTV and video surveillance Market
For the third consecutive year, Hikvision has been ranked as the world's largest CCTV and Video Surveillance Equipment provider in 2013 with a dominant 10.9% market share. This is up by more than a third, from 8% in 2012, according to the latest report from IHS.
In a year of significant achievements, Hikvision maintained or gained position in every market segment. Its most striking success was becoming the top Hardware NVR manufacturer from not being in the Top 10 in 2012. In addition, Hikvision maintained its position as global DVR leader for the fifth consecutive year, gained two places to become the world's No. 1 supplier of Security Cameras with an 11.9% market share, and rose one place to be No. 2 in Network Security Cameras with a 13% share of the market. As for the VMS category, it achieved third having risen from 5th place in 2012.
"This outstanding performance across the board serves, once again, to prove Hikvision's continuing dedication to innovation and excellence in all aspects of video surveillance products. It is also evidence of the success of Hikvision's international marketing strategy and in-depth local customer services," says Polo Cai, Vice President at Hikvision.
"As the global CCTV market continues to move towards HD as the de facto standard, Hikvision has brought forward a full range of HD IP products, including the family of easy-to-use IP solution and Smart IP solution, that has been highly acclaimed by our partners and customers since its introduction to the market. Hikvision is growing very quickly in all segments, continuing to outperform the market as a whole, and this is also testament to our expanding sales channels and loyalty of our customers," continued Polo.
A table illustrating Hikvision's rankings is available at the link below (1).
(1) - The World Market for CCTV and Video Surveillance Equipment - 2013 edition, published by IHS
For high resolution images, please click on the link below or contact Anthony Hildebrand or Vibeke Ulmann at catalyst Communications.
Hikvision is the world's largest supplier of video surveillance products and solutions. The company specializes in video surveillance technology, as well as designing and manufacturing a full-line of innovative CCTV and video surveillance products. The product line ranges from cameras and DVRs to video management software. Since its inception in 2001, Hikvision has quickly achieved a leading worldwide market position in the security industry.
The company possesses the world's largest R&D team and state-of-art manufacturing facilities for the industry; both allow Hikvision's customers the benefit of world-class products that are designed with cutting-edge technology. As further commitment to its customers, Hikvision annually reinvests 7% of its revenue into R&D for continued product innovation and improvement.
Hikvision operates over 30 domestic branches in China and 16 overseas regional subsidiaries, in conjunction with over 30,000 partners all over the world to achieve a truly global presence. Hikvision is now publicly listed on the Shenzhen Stock Exchange.
For more information, please visit Hikvision's website at www.hikvision.com.
2nd July 2014