In the uncertain global market, some companies sustained doubledigit growth in 2012, which was worth noticing. The top 12 companies for revenue growth were Infinova with 113.5 % growth.
In the uncertain global market, some companies sustained doubledigit growth in 2012, which was worth noticing. The top 12 companies for revenue growth were Infinova with 113.5 % growth; Avigilon (67 %); Dahua Technology (60 %); TKH Group (51.1 %); DynaColor (50 %); Hikvision (35.6 %); HDPRO(29.8 %); Synectics (28.7 %); Safran (28 %); Suprema (24.5 %); Tyco Security Products (23.2 %) and Optex (22.8 %).
IP Video Surveillance Remains Strong
In general, major IP video surveillance suppliers still enjoyed growth in the double digits for 2012. The companies represented are Avigilon, GeoVision, VIVOTEK, Milestone Systems, Axis Communications and Mobotix.
Recovery of Asian Companies
We also observed that these Asian manufacturers in China, Taiwan, and Korea were able to catch up with IP-based technologies in 2012. These companies, such as EverFocus, DynaColor, Hunt, and ITX, started to enjoy higher sales compared to previous years.
Biometrics in High Demand
The strong growth for biometric products in the worldwide market drove the growth of Safran and Suprema. Suprema's profit was “topped by newly-launched technologies such as face recognition and surging demand on its identification solution from government sectors,” it wrote in its financial report.
Penetration in Verticals and Emerging Markets
Major growth strategies are usually mergers and acquisitions, proprietary technology development, market expansion to emerging countries, and penetration of certain verticals.
Avigilon continues to deepen its penetration in casinos, by establishing a specific business development team in Canada and the U.S. It will continue to explore other verticals, such as retail, transportation, banking, and government.
Synectics Network Systems, a division of Synectics, focused on critical infrastructure protection and gaming. It benefited from continued strength in the US gaming market, particularly in the first half, and from solid growth within most of its core customer sectors in the U.K. and the Middle East.
Although 2012 growth in emerging countries didn't reach the high expectation that some experts predicted, the global expansion strategy to emerging countries still remained a crucial growth factor for many multinationals. Tyco International continued its expansion into China, India, Latin America, and the Middle East. Axis also expects to increase its market share in emerging countries from 25 % to 40 % in the next 5 years.
2013 Top Security50
