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gest of them all. Their compound
annual growth rate over the last
decade is 53%, according to
Cynthia He, Vice President at
Hikvision.
"Hikvision's continued growth
is attributable to our product in-
novation capability and complete
product and integrated vertical
solution offerings, as well as the
expanding global service network.
Keeping in touch with market
trends, Hikvision has made
stupendous achievements in both
domestic and overseas markets in
the last year," says Cynthia He.
"In 2014, Hikvision invested
8% of its annual revenue into
research and development. Looking
to the future, we will continue
to devote our R&D efforts into
eagerly built its international
brand successfully and opened the
door to the global security market
also for other Chinese compa-
nies with international ambitions.
With 16 subsidiaries all over
the world Hikvision has become
one of the leading global com-
panies, specialised in the video
surveillance product field. In total
sales volume Hikvision is the big-
and back-end devices to video
management software.
Chinese video surveillance
products used to be synonymous
with low prices and poor product
quality. With the success of Hikvi-
sion, things have changed. As a
Chinese pioneer Hikvision has
Hikvision Digital Technology,
now publicly listed on the Shenz-
hen Stock Exchange, was founded
in 2001 and has grown from a
small company of 28 people into a
global enterprise with over 10,000
employees. The product line
ranges from front-end cameras
Hikvision expands
on the global market
withagrowthrateof60%in2014
As the world's largest provider of video surveillance
products and solutions for three consecutive years,
Hikvision has made clear that it is no mayfly. With
sales revenue of 2,82 billion US-dollars and a growth
rate of 60% in 2014, Hikvision continues to strength-
en its position on the global market.
Detektor´s Editor-in-Chief visited Hikvision's head-
quarters in Hangzhou to find out more about the
company.
By Lennart Alexandrie
Asia and the Far East has been the security technology
supply "factory" for the global market since before
the nineties due to the low manufacturing costs in the
region. But lately, these Asian companies have been
demonstrating that they can make a big difference
in the security technology market by performing in
other areas aside from just their "factory" role.
Today, several Asian companies have become
well known international
brands and are challenging
the leading European,
American and Japanese
brands on the security
market.
Detektor has met
up with some of
these companies
that have already
made an impact
and are growing
fast on the inter-
national scene,
to discover
their views
and moti-
vations.
The Hikvision
headquarters
are located in
Hangzhou.
international outlook
In 2014,
Hikvision
invested
8% of its annual rev-
enue into research
and development.