Hikvision increases its market share for fifth consecutive year
The latest report from business information provider IHS Inc. (NYSE: IHS), shows Hikvision has once again reinforced its position as the world’s largest supplier of CCTV & Video Surveillance Equipment, for the fifth year running.
Detailed in the report is how Hikvision occupies 19.5% market share for the global CCTV & video surveillance equipment market in 2015, up from their already dominant 16.3% in 2014. Furthermore, the company has claimed No.1 market share position in almost every individual equipment category, including network cameras, analogue and HD CCTV cameras, DVR/NVRs, and video encoders.
From an 8% market share just three years ago, these figures illustrate the rapid growth of a company that has become a technology leader of the industry – thanks to their continual investment in research and development in new and innovative products.
Announcing the news during IFSEC 2016 in London, Cynthia Ho, Vice President at Hikvision said:
“We are delighted to see Hikvision’s rankings in the CCTV and video surveillance equipment sector increase once again on the previous year’s figures. This is thanks to our team’s hard work and the company’s continuous R&D innovation.
“Hikvision is dedicated to advancing the convergence of technologies, and the development of complete end-to-end security solutions, as was illustrated with the launch of many new product ranges and technologies at IFSEC 2016. Just a sample of these included PanoVu, Turbo HD 3.0 and our latest high-performance thermal camera range, as well as products with intelligent analytics for use within retail, transportation and building management applications, etc.
“Long-term technical partnerships with leading technology companies and continual development input from our trusted customers allow Hikvision to drive the industry forward, to meet the demands of end-users.
“We place great value in the technical and business relationships we enjoy with our partners and customers. We’re very grateful for their continuous trust and support, and look forward to another great year of growth across the security industry for us, our partners and our customers.”