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Hikvision Continues Its Leading Position as a Global CCTV and Video Surveillance Market Leader

June 20, 2013, For the second successive economic year, Hikvision has held the peak global place with a superior market share of 8% of the CCTV and Video Surveillance Equipment in 2012. This is a great improvement from last year’s 5.9% in market share, according to a recent report from IMS study – now part of IHS Inc. (NYSE: IHS).

While maintaining its position as the world’s finest DVR supplier for 4 consecutive years, Hikvision has also carried out other prominent achievements in the areas of mesh Security Cameras, rising to No.3 from last year’s 4th place, and standing out by gaining 11.1% of the worldwide market share of megapixel mesh security cameras. This noteworthy accomplishment one time afresh serves as proof of Hikvision’s relentless efforts to constantly offer a fuller variety of video surveillance goods; furthermore, the presentation in the VMS category highlights the capability of Hikvision to be recognized as a leading video surveillance answer provider globally.

established below is a table illustrating Hikvision’s rankings and market share in diverse categories (as per a report released by IHS “The World Market for CCTV and Video Surveillance Equipment – 2013 edition”)

Category Hikvision Ranking Hikvision 2012 Market Share
CCTV & Video Surveillance Equipment  1  8%
Network Security Cameras  3  9.70%
Megapixel Network Security Cameras  2  11.10%
Analogue Security Cameras  2  7.50%
Security Camera  3  7.80%
 DVRs  1  14.20%
Video Encoders  2  6%
 5  3.80%
Network Video Surveillance Equipment
 3  7.20%

‘We are satisfied to glimpse Hikvision’s continual dominance in these areas,” asserted Polo Cai, Vice leader at Hikvision. “We have been adept to carve out this excellent market position, primarily thanks to our relentless discovery in Hikvision merchandise portfolio. This is furthermore an attribute to our constantly expanding sales channels to various markets.”

“Our industry is moving in the direction of HD IP, which has been more-and-more progressively acknowledged by worldwide customers. As an answer, Hikvision is holding in step with this tendency and searching new innovations to address ever-changing desires. We’ve developed a full-range of HD IP merchandise lines, differing from entry-level to expert sectors – which have now been highly acclaimed by our partners and customers worldwide. This is furthermore the primary cause that we extend to benefit from Hikvision’s annual growth,” Polo documented. “Hikvision is rapidly growing in the global market, which we are particularly pleased with in this tough financial weather. As a firm pledge of such, Hikvision will habitually work to stay ahead of market desires and listen very carefully to the voice of the market, as well as continuing our sensitivity to the heritage of our customers over the globe.”

According to the Principal analyst, Jon Cropley, “During the previous 5 years the world video surveillance market has developed at a mean rate of over 10% a year. At the same time, Hikvision has rapidly grown its share of the market. It is approximated to have first become the world’s largest supplier of video surveillance equipment in 2011 and bigger its market share yet further in 2012.”

About IHS report
The IHS report “The World Market for CCTV and Video Surveillance Equipment – 2013 version” presents the sales presentation and income rankings for all vendors providing video surveillance equipment in 2012. In assessing the economic outlook, the commerce outlook is conveyed out for the time span 2013 to 2017, encompassing all merchandise classes among various verticals and regions.