According to a report of IHS Inc., Hikvision has strengthened its position as the world's leading CCTV and Video Surveillance Equipment company, the fourth year in a row that Hikvision has topped the list. The company's dominant 16.3% total market share in terms of revenue is up by more than 50% compared with the previous year and more than double its 8% market share of just two years ago.
Even more significantly, Hikvision has claimed the Number 1 position in every individual equipment category and makes up 18.9% of the global network security camera market, an increase of 5.9 percentage points in revenue market share compared with last year's Number 2 position (13%) in this fast-growing camera sector. The report also highlights the company's efforts in overseas markets over the years by ranking Number 2 in CCTV & Video Surveillance Equipment category in the EMEA market, achieving a 9.2% market share.
The table below illustrates Hikvision's rankings and market share in various categories (as per report published by the IHS "Video Surveillance Intelligence Service").
"We are very pleased to see Hikvision's rankings in CCTV and video surveillance equipment. This is an attribute to our continuous R&D innovation and investment. Importantly, we move forward with the rapidly developing market trends of IP surveillance which benefits us the great achievements in IP product segments," says Cynthia Ho, Vice President at Hikvision.
"We appreciate our customers' and partners' support and trust in Hikvision. Looking forward, we will continue to seize every opportunity to meet the market need and keep investing in R&D, offering more benefits and service to our customers."