Hikvision comments on Singapore

In recent years, the Singapore security industry has been doing well, with majority of projects seen in the government sector. Hikvision Digital Technology, one of the world’s largest suppliers of video surveillance products and solutions, comments on the market in Singapore.

In recent years, the company has implemented big security projects throughout different verticals, including security upgrade for ATMs of the first four banks in Singapore, the metro stations application, and education sectors, such as National University of Singapore, and Nanyang Technological University. “Most of the projects are from government and high-end commercial sectors. In Singapore, the business is mainly project-oriented,” said Derek Yang, Asia Business Manager of Hikvision Digital Technology

The government’s emphasis and high requirement on public safety makes the main trending markets city surveillance, traffic, and transportation. “We see a steady increase in the government sector. The government picks security more technology-oriented, and they are willing to try high-end products, as price is not a big matter to them,” Yang explained. “The Singapore government treats equally for different security products, any brands can get into the market, they mainly see the products on their technology rate (according to test and performance), and price as well. With the same technology rate of products, they would choose the product with relatively lower price,” he added.

to view the full article