This is up from last year’s 5.9 per cent of 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 largest DVR supplier for 4 consecutive years, Hikvision has also risen to 3rd position from last year’s 4th position in Network Security Camera sales, gaining 11.1 per cent of the worldwide market share of megapixel network security cameras.
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”)
CCTV & Video Surveillance Equipment 1 8%
Network Security Cameras 39.70%
Megapixel Network Security Cameras 211.10%
Analogue Security Cameras 27.50%
Security Camera 37.80%
DVRs 114.20%
Video Encoders 2 6%
VMS 5 3.80%
Network Video Surveillance Equipment 3 7.20%
“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 said.
“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.”
