Hikvision Continues Its Leading Position as a Global CCTV and Video Surveillance Market Leader
Source: Hikvision Digital Technology
Date: 2013/06/21
For the second consecutive financial year, Hikvision has held the top global position with a dominant market share of 8% of the CCTV and Video Surveillance Equipment in 2012. This is a great improvement from last year’s 5.9% in market share, according to a recently released report “The World Market for CCTV and Video Surveillance Equipment – 2013 Edition”, from IMS Research, now part of IHS.
While maintaining its position as the world's finest DVR supplier for 4 consecutive years, Hikvision has also accomplished other notable achievements in the fields of Network Security Cameras, rising to No.3 from last year’s 4th position, and standing out by gaining 11.1% of the worldwide market share of megapixel network security cameras. This noteworthy achievement once again serves as proof of Hikvision’s continuous efforts to continually offer a fuller range of video surveillance products; moreover the performance in the VMS category highlights the capability of Hikvision to be identified as a leading video surveillance solution provider globally.
Located below is a table illustrating Hikvision’s rankings and market share in various cateogaries (as per reports published by IMS Research “The World Market for CCTV and Video Surveillance Equipment – 2013 edition”)
“We are pleased to see Hikvision's continual dominance in these areas," stated Polo Cai, Vice President at Hikvision. “We have been able to carve out this excellent market position, primarily thanks to our continuous innovation in Hikvision product portfolio. This is also an attribute to our continually expanding sales channels to various markets.”
“Our industry is moving towards HD IP, which has been more-and-more progressively accepted by worldwide customers. As a response, Hikvision is keeping in step with this trend and seeking new innovations to address ever-changing needs. We’ve developed a full-range of HD IP product lines, differing from entry-level, to professional sectors - which have now been highly acclaimed by our partners and customers worldwide. This is also the primary reason that we continue to benefit from Hikvision’s annual growth," Polo noted. “Hikvision is quickly growing in the global market, which we are especially proud of in this tough financial climate. As a commitment of such, Hikvision will always work to stay ahead of market needs and listen very carefully to the voice of the market, as well as continuing our sensitivity to the cultures of our customers across the globe.”