Hikvision Claims Top Position in World CCTV & Video Surveillance Market for Fourth Consecutive Year Company now number 1 in every equipment category, including network and megapixel cameras. According to the latest report from business information provider IHS Inc, Hikvision has strengthened its position as the world’s leading CCTV and Video Surveillance Equipment company, the fourth year in a row that Hikvision has topped the list.
The company’s dominant 16.3% total market share in terms of revenue is up by more than 50% compared with the previous year and more than double its 8% market share of just two years ago. Even more significantly, Hikvision has claimed the Number 1 position in every individual equipment category and makes up 18.9% of the global network security camera market, an increase of 5.9 percentage points in revenue market share compared with last year’s Number 2 position (13%) in this fast-growing camera sector. The report also highlights the company’s efforts in overseas markets over the years by ranking Number 2 in CCTV & Video Surveillance Equipment category in the EMEA market, achieving a 9.2% market share.