The security surveillance market is one of the fastest growing industries in the technology sector and is expected to exceed $17 billion in sales in the US by the year 2019. But this growth alone is not the only reason VARS should consider adding security surveillance to their lineup. In addition to a 17% annual growth rate, the surveillance market is going through many changes in technology including the increasing popularity of IP Cameras, DVRs, and VSaaS (Video Storage as a Service). These changes are driving a transition from traditional suppliers that specialized in CCTV and general security to those that have knowledge in computer networking. In addition, VARs have established relationships with many of the most lucrative markets including education, finance, and health care that have been built on implementing technology that integrates with the organization. This combination of technical expertise and long standing partnerships give computer VARs a clear advantage in this market.
When it comes to video surveillance many people think of companies like Sony, Samsung or even GE or maybe they think of consumer products from companies such as Logitech, or Nest but few outside the video surveillance market would know the name Hikvision. Hikvision has been in business since 2001 manufacturing OEM commercial grade surveillance cameras for many of the largest and most recognizable brands in the industry making them the world’s leading supplier of video surveillance solutions with 20% market share, 4 times that of the next closest provider. Today, they have grown to over $4 billion in annual revenue, have over 12,000 employees and were recently named to Forbes Top 100 Most Innovative Company’s in 2016. Hikvision, with the industry’s strongest and largest R&D Department is well renowned for its quality as well as innovative video surveillance products.
Hikvision designs, develops, and manufactures innovative standard- and high-definition cameras, including a variety of Smart IP recorders and cameras with infrared, wide dynamic range, facial detection, object counting, and intrusion detection capabilities. Hikvision’s product suite also includes digital video servers, hybrid and standalone DVRs, NVRs, speed domes, encoders, decoders, and other elements of sophisticated security systems and CCTV technology for both indoor and outdoor use. Renowned across the globe, Hikvision systems are currently installed in more than 100 countries on six continents. These cutting-edge solutions serve a diverse group of vertical markets, including government, retail, banking and finance, transportation, healthcare, gaming, education, commercial and residential applications.
What Makes Hikvision Unique
There are many factors that make Hikvision unique such as company size, commitment to R&D, focus on the requirements of the customer, modernized factory, market position, product quality, and innovation, but there are several other areas that truly differentiate Hikvision.