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Hikvision Remains in Pole Position in Global CCTV and Video Surveillance Market

June 24, 2014 Views:267

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. 

The table below illustrates Hikvision's rankings(1).

Market share forIHS report 2014IHS report 2013
CCTV & Video Surveillance Equipment 1 1
Hardware NVRs 1 above 10
DVRs 1 1
Security Cameras 1 3
Megapixel Network Security Cameras 2 2
Network Security Cameras 2 3
Analogue Security Cameras 2 2
VMS 3 5
Video Encoders 2 2
Network Video Surveillance Equipment 2 3

(1)- The World Market for CCTV and Video Surveillance Equipment – 2014 edition, published by IHS