According to an IHS 2014 research report, the global market size for video surveillance was estimated to be US$15 billion. These markets are forecast to grow to approximately $23.6 billion annually by the end of 2018.
The global demand for security products remains high, however multiple factors have changed the security industry landscape. Dahua has continued to grow internationally by 35% surpassing some other major players and has as a result attained the number five position on the top 50 security listing. The urban surveillance and safe cities markets are driving growth, especially in developing countries.
Founded privately, Dahua is, according to the company, the only player in the top 5 to be independent of the government and has gained its business extensively from SMB customers. Dahua believe that this demonstrates their extraordinary success in obtaining this industry milestone.
“Our leadership role has been forged by more than 20 years of industry experience,” said Fu Liquan, President of Dahua Technology. “Dahua will continue to provide new solutions through innovation and research. We believe China will change the global security industry landscape, and Dahua will be the leader of this positive change.”