Hikvision reports 60% growth in 2014

Hikvision, a global leader in innovative video surveillance solutions, has reported revenues of US$2.82 billion for the financial year 2014. This corresponds to a 60.37% growth rate year on year and a compound annual growth rate over the last decade of53%. “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 delivering innovative products and vertical solutions that fulfill the ever-changing needs of the security industry, in the belief that we are ideally placed to provide a complete video surveillance solution to the market globally” says a Hikvision spokesperson.