For the third consecutive year, Hikvision has been ranked as the world’s largest CCTV and Video Surveillance Equipment provider in 2013 with a dominant 10.9% market share. This is up by more than a third, from 8% in 2012, according to the latest report from IHS Inc. (NYSE: IHS)*.
In a year of significant achievements, Hikvision maintained or gained position in every market segment. Its most striking success was becoming the top Hardware NVR manufacturer from not being in the Top 10 in 2012. In addition, Hikvision maintained its position as global DVR leader for the fifth consecutive year, gained two places to become the world’s No. 1 supplier of Security Cameras with an 11.9% market share, and rose one place to be No. 2 in Network Security Cameras with a 13% share of the market. As for the VMS category, it achieved third having risen from 5th place in 2012.
"This outstanding performance across the board serves, once again, to prove Hikvision's continuing dedication to innovation and excellence in all aspects of video surveillance products. It's also evidence of the success of Hikvision’s international marketing strategy and in-depth local customer services,” says Polo Cai, Vice President at Hikvision.
"As the global CCTV market continues to move towards HD as the de facto standard, Hikvision has brought forward a full range of HD IP products, including the family of easy-to-use IP solution and Smart IP solution, that has been highly acclaimed by our partners and customers since its introduction to the market. Hikvision is growing very quickly in all segments, continuing to outperform the market as a whole, and this is also testament to our expanding sales channels and loyalty of our customers," continued Polo.
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*IHS Inc. (NYSE: IHS) is the leading source of information, analysis and reviews providing the most comprehensive, reliable information and expert opinions for critical applications, determining the global business climate. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content and expert independent analysis provided by IHS, to make important decisions and to establish successful business strategies with confidence and speed. IHS has been in business since 1959 and company shares are traded on the New York Stock Exchange since 2005. More than 8,000 people from 31 countries around the world gather, summarize and analyze critical business information. For more information on services offered by IHS services and products visit www.ihs.com.