Hangzhou, China – July 5, 2016 — The latest report from business information provider IHS Inc. (NYSE: IHS), shows how for the fifth year in a row, Hikvision has again reinforced its position as the world’s largest supplier of CCTV & Video Surveillance Equipment.
Confirmed in the report, Hikvision has moved to take 19.5% of market share for the global CCTV & video surveillance equipment market in 2015, an increase yet again from their already dominant 16.3% in 2014. With years of expertise in providing comprehensive product solutions in video surveillance market, Hikvision stands out with even more significant achievements leading the market. Specifically, the company now claims No.1 market share position in virtually all individual equipment categories, including network cameras, analog and HD CCTV cameras, DVR/NVRs, and video encoders.
From an 8% global market share just three years ago, the latest report illustrates the rapid growth of Hikvision. Thanks to their continual investment in research and development in new and innovative products, the company has become the world’s dominant force and industry technology leader. The IHS report’s figures speak for themselves. Hikvision continues its leading position in Asia market, and across EMEA, Hikvision now soars to No.1 position from last year’s second place, achieving a 12.2% market share. In the Americas market, Hikvision soars from last year’s No.4 position to No.2, with 7.3% market share.
Cynthia Ho, Vice President at Hikvision said: "We are delighted to see Hikvision's rankings in the CCTV & video surveillance equipment sector increase once again on the previous year’s figures. This is thanks to our team’s hard work and the company’s continuous R&D innovation.
“Hikvision is dedicated to advancing the convergence of technologies, and the development of complete end-to-end security solutions, as was illustrated with the launch of many new product ranges and technologies at IFSEC 2016 in the UK. Just a sample of these included PanoVu, Turbo HD 3.0 and our latest high-performance thermal camera range, as well as products with intelligent analytics for use within retail, transportation and building management applications, etc.
“Long-term technical partnerships with leading technology companies and continual development input from our trusted customers allow Hikvision to drive the industry forward, to meet the demands of end-users.
“We place great value in the technical and business relationships we enjoy with our partners and customers. We’re very grateful for their continuous trust and support, and look forward to another great year of growth across the security industry for us, our partners and our customers.”
About Hikvision
Hikvision is the world’s leading supplier of video surveillance solutions. Featuring the industry’s strongest R&D workforce, Hikvision uses its state-of-the-art manufacturing facilities to design and develop innovative CCTV and video surveillance products for any security need. For more information, please visit Hikvision’s website at www.hikvision.com.