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Your Personal Hikvision eNewsletter CCTViNFO.NEWS <
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Tue, Jun 25, 2013 at 10:37 PM
26 Jun 2013
For the second consecutive financial year, Hikvision has held the top global position with a dominant 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 Research ~ now part of IHS Inc. While maintaining its position as the world's finest DVR supplier for 4 consecutive years, Hikvision has also accomplished other notable achievements in the fields of Network Security Cameras, rising to No.3 from last year's 4th position, and standing out by gaining 11.1% of the worldwide market share of megapixel network security cameras. This noteworthy achievement once again serves as proof of Hikvision's continuous efforts to continually offer a fuller range of video surveillance products; moreover the performance in the VMS category highlights the capability of Hikvision to be identified as a leading video surveillance solution provider globally. The table below illustrates Hikvision's rankings and market share in various categories as per the IHS report 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 Cameras
3
7.80%
DVRs
1
14.20%
Video Encoders
2
6%
VMS
5
3.80%
Network Video Surveillance Equipment
3
7.20%
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Polo Cai, Vice President at Hikvision, stated: "We are pleased to see Hikvision's continual dominance in these areas. Thanks to continuous innovation in our product portfolio, as well as expanding our sales channels to the market. Hikvision is quickly growing in the global market, which we are especially proud of in this tough financial climate" Polo noted: "Our industry is moving towards HD IP, which has been moreandmore progressively accepted by worldwide customers. As a response, Hikvision is keeping in step with this trend and seeking new innovations to address everchanging needs. We've developed a fullrange of HD IP product lines, differing from entrylevel, 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" According to Jon Cropley, Principal Analyst at IHS: "During the previous 5 years the world video surveillance market has grown at an average rate of over 10% a year. At the same time, Hikvision has quickly grown its share of the market. It is estimated to have first become the world's largest supplier of video surveillance equipment in 2011 and increased its market share yet further in 2012"
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