Hikvision – the world’s leading supplier of video surveillance products and solutions – recently announced that IMS Research (recently acquired by IHS – NYSE:IHS) has declared Hikvision the No.1 global vendor of CCTV and video surveillance equipment in 2011 (Source: IMS Research’s report “The World Market for CCTV and Video Surveillance Equipment – 2012 Edition”). Of special note, this is an improvement from last year’s 4th place standing.
Additionally, for the 3rd consecutive year – according to IMS Research – Hikvision again remains the No.1 worldwide supplier of DVR products. While in the security camera category, Hikvision is now in the No. 4 global manufacturer position for all surveillance cameras (including both IP-based and analog manufacturers).
“We are pleased with the results of the recent IMS report. This achievement highlights our efforts in the security marketplace and is an affirmation of our ongoing business model,” noted Polo Cai, Vice President of Hikvision, “Furthermore, IP surveillance – which has experienced consistently strong growth over the years – remains a key focus area for Hikvision,” he continued.
As a reflection of this industry trend, Hikvision continues to develop products demanded by the customer and continues their further expansion into this IP surveillance segment of the market. “Choosing Hikvision is an investment in the future. Our customers appreciate the fact that we are the world’s leading supplier of comprehensive video surveillance products and possess the resources to match their unique market structure and support their current and long-term needs,” Mr. Cai summed up.
“In a span of a year, Hikvision soared to become the world’s No.1 CCTV and video surveillance equipment provider, improving from last year’s fourth position. This result confirms their efforts. By following technology trends such as the transition from analogue to network video surveillance, Hikvision has achieved greater market expansion,” noted Gary Wong, senior analyst at IMS Research.
