27/06/2013
Hikvision continues to increase lead on market
Hangzhou, China
Below is a table illustrating Hikvision’s rankings and market share in various categories as per the report published by IHS “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.”
According to Principal analyst, Jon Cropley, “During the previous 5 years the world video surveillance market has grown at an average rate of over 10% a year. At the same time, Hikvision has quickly grown its share of the market. It is estimated to have first become the world’s largest supplier of video surveillance equipment in 2011 and increased its market share yet further in 2012.”











