Established in 2000, iCanTek provides network video products and
solutions. " Our 2009 market revenue is basically the same as 2008,"
said Soon Ho Hong, President. " In first two quarters of 2009, our global
OEM market dropped, but business picked up in the third quarter. We
observed growth from our local distributors and customers."
STRATEGIES AND CORE COMPETENCE
With 10 years in the IP field, iCanTek believes that network cameras will have 50-percent
market share by 2013. " We see potential in the network camera field," Hong said. The
company offers a full range of MPEG-4 cameras, along with H.264 megapixel cameras.
In the IP field, network cameras are relatively new, with about 20-percent market share.
“There are many requirements for experience and knowledge when integrating systems,"
Hong said. " Newcomers with products only are not a threat to iCanTek," Hong said.
In 2010, iCanTek will focus on the U.S., Western Europe and emerging markets in India,
South America and the Middle East. iCanTek also wants to expand in China with software
development and documentation. " The ultimate goal is to have powerful software to
manage all devices made by iCanTek," Hong said.