Hikvision

Hikvision: the world’s biggest CCTV, NVR and DVR brand by global sales

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December 29, 2016

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Founded in 2001 Hikvision grew from a minor regional player to the biggest video surveillance brand in the world in a staggeringly short space of time.

This is a profile of the Chinese CCTV giant, retracing its history, detailing its increasingly muscular approach to acquisitions and its latest products in network video.

Hikvision background

Chinese video surveillance firm Hangzhou Hikvision Digital Technology Company Limited (Hikvision) was founded in 2001 and was first listed on the Shenzhen Stock Exchange in 2010. Part-owned by the Chinese government, the Forbes 2000 company now has offices in 20 locations around the world including the USA and Canada, South Africa, Brazil, Australia, Singapore, Korea, India and five European countries.

Hikvision has grown substantially in recent years, with revenue for the 12 months ending 31st December 2015 recorded as US$3.9bn (25% of which came from outside China), up 47% on FY14 and more than double the US$1.76bn posted in FY13. That increased turnover and global reach has been achieved partly through acquisition and partly organic growth.

Hikvision purchased UK-based intrusion alarm security firm Pyronix in May 2016 for an undisclosed sum.

Hikvision show room

Hikvision recently opened a new UK office, showroom and training suite in West London

Market position and strategy

Hikvision’s market share has accelerated in parallel with its revenue. Research company IHS calculated had doubled market share in two years, and currently held 19.5% of the global CCTV and video surveillance equipment market in 2015, up from 16.3% in 2014.

Hikvision’s growth is eclipsing other brands in CCTV industry, as can be seen in global searches for Hikvision (source: Google Trends)

Much of the company’s strength lies in its willingness and ability to reach new customers through an extensive network of technology and distribution partners, ranging from global giants like ADI right down to local players in individual countries such as WDC Networks in Brazil.

Recent examples of technology partnerships include a deal with Swedish video surveillance company Observit AB; a joint project with Eagle Eye Networks to provide cloud based security and business intelligence video management for the Lawrence Police Department in the US; and a software tie-up with ECMS on monitored surveillance system checking services.

That flexibility around joint sales and marketing initiatives is backed up by Hikvision’s embedded open platform (HEOP) programme which was designed to ensure that third party analyst, detection and recognition applications can be downloaded and installed to run on its network cameras.

That approach gives customers and security integrators a choice around which application, service or system management components they use alongside Hikvision hardware, and supports independent evaluation, application development, compatibility testing and software development kit (SDK) delivery.

It also allows systems integrators the option to feed footage from Hikvision cameras back to their own web pages without the manufacturer’s assistance and therefore create their own revenue streams for ongoing service provision.

While it is actively targeting customers in the retail, transportation, construction, finance and pharmaceutical industries, Hikvision traditionally has a strong presence in education selling surveillance and access systems to schools, colleges and universities across the world.

Latest Hikvision technologies

Hikvision maintains large security technology portfolio that includes:

  • IP network, analogue and HD CCTV cameras
  • Digital and network video recorders (DVR/NVRs)
  • Video encoders/decoders
  • Video management software
  • Access control and alarm systems.

Hikvision attributes much of its success to the speed and scale of its product innovation, asserting that around 8% of its annual turnover is ploughed back into research and development each year, with a third of its global staff (roughly 5,000 engineers) being directly involved. In 2017 Hikvision are planning to open two new high tech R&D facilities in North America –  Montreal and Silicon Valley.

Hikvision CCTV Smart Bullet

DS-2CD4A65F-IZ(H)(S)6MP Smart IP Outdoor Bullet Camera

Hikvision was fast to incorporate H.264 advanced video coding, video content analysis, cloud computing and big data into its product lines. Its latest Dome and Smart Box and Smart Bullet cameras support 4K video recording for example.

These offer 3840×2160 pixel resolutions that support more sophisticated video analytics applications like face or car number plate recognition and can cover a much wider area with a single camera than is possible with multiple HD models.

Whilst Hikvision’s early success was built on undercutting established rivals (particularly in the US and Europe) with comparatively inexpensive cameras, it has since used its broad product portfolio to reach every corner of the video surveillance market and offer security solutions at a much wider range of price points.

Rather than smaller sites requiring 10 or 20 cameras and associated infrastructure and management tools, the company now sees customers needing hundreds or thousands of cameras as its sweet spot.

It is also applying significant resources to identify gaps in video security and analytics provision within key vertical industries, developing new applications able to exploit the latest camera functionality to provide customers with some measure of operational advantage.

Examples of innovation here include intercom systems equipped with biometric readers that scan faces and fingerprints for accurate authentication and door entry, and “heat mapping” technology that use cameras to help retailers monitor traffic flow in shops and malls in response to marketing and promotion campaigns.

Elsewhere a mobile in-vehicle solution that deploys camera with magnetic ‘stick-on’ base, embedded WiFi and 3G/4G connectivity, long life batteries and integrated high capacity data storage options on the inside of buses and trains was developed for transport companies, with an all-in-one security terminal that combines video recording capabilities, storage and a display in one compact, movable unit having multiple uses.

This video showcases the new Hikvision Falcon Series Drone to bring surveillance to the skies.

Hikvision at IFSEC International 2017

In this video Keen Yao, International Business, Hikvision discusses some of the innovative products they showcased at IFSEC International 2017.

Latest Hikvision articles

Things to consider when using thermal imaging for temperature screening

What do you need to consider when implementing thermal imaging solutions to undertake temperature screening of individuals?

Reducing the fire risk with thermal cameras at a waste management facility

ADJ Fire and Security has provided a solution to improve fire safety via Hikvision’s thermal bullet cameras for Recycling Lives.

Density Control Solution launched by Hikvision

Designed to support supermarkets, retailers, banks and other facilities manage the number of people on their premises at any one time, Hikvision has launched its new Density Control Solution.

Hikvision launches new App Store

Designed to ensure users can quickly and easily update their apps to the latest versions, Hikvision has launched its new App Store.

Ipswich Town FC receives upgraded CCTV system from ClearView and Hikvision

Faced with the need to upgrade its CCTV system or risk not being able to play in the league season, ClearView and Hikvision provided the security solution to Ipswich Town FC.

Touch-free MinMoe Face Recognition Terminals unveiled by Hikvision

We find out more about the latest access control solution from Hikvision – MinMoe Face Recognition Terminals.

Free thermal camera training from Hikvision

Hikvision is offering security installers, integrators and end users the opportunity to undertake free online training on its fever screening thermal products and solutions.

Hikvision recertified for Cyber Essentials Plus credentials

Hikvision has received recertification for Cyber Essentials Plus, demonstrating its “commitment to ensuring the security of its internal systems”, says the company.

WATCH: How to install the Hikvision 5A Bullet Camera

Follow this handy step-by-step guide and watch the video to get best practice advice on how to install the Hikvision 5A Bullet Camera when wall mounting.

Industry gains insight into latest Hikvision technology

Installers and integrators were able to gain insight into some of the latest technology developments from Hikvision in the company’s October Insight events.

Tackling Competition for Talent in the Security and Surveillance Industry at WorldSkills UK LIVE

A competition launched in partnership between Skills for Security and WorldSkills UK, aims to help address the skills shortage in the security industry.

Hikvision launches first ‘Secure by Default’ product ranges

Launched by Surveillance Camera Commissioner Tony Porter at IFSEC 2019, Secure by Default is a set of minimum requirements for making network video security products as secure as possible in their default settings.

Hikvision offers partners more benefits with expanded VASP programme

Hikvision UK & Ireland has revamped its Value Added Solution Partner (VASP) programme for installers, integrators and end-to-end solution providers.

Hikvision welcomes ‘Secure by Default’ standards for security cameras

UK Surveillance Camera Commissioner Tony Porter will launch Secure by Default minimum requirements on June 20 at IFSEC 2019, as part of the first ever National Surveillance Camera day.

WATCH: Hikvision roadshows in March previewed

Hikvision wants to show you its next generation of HikCentral, Pro Series (Easy IP) and Turbo analogue HD, plus new solutions for intercom, thermal, deep learning and radar. Gary Harmer, UK & Ireland sales director, previews events taking place in Dublin, Birmingham, Manchester, Bristol and London.

Cortech Datalog MV now integrates with Hikvision cameras

By allowing multiple CCTV brands to run as individual ‘plug-ins’ Datalog MV maximises overall system stability and minimises exposure to risk and downtime.

Hikvision joins cybersecurity incident response leader FIRST

The Hikvision Security Response Center (HSRC) has joined CISCO, Intel, IBM and Microsoft as a member of the Forum of Incident Response and Security Teams (FIRST), a global leader in incident response.

Hikvision Insight events showcase latest innovations in AI-powered surveillance tech

Security installers and system integrators enjoyed hands-on demonstrations of the latest video surveillance innovations from Hikvision at a series of recent events across the UK and Ireland.

WATCH: Hikvision UK & Ireland on a new R&D facility, AI platform HikCentral, facial recognition and more

IFSEC TV spoke to Gary Harmer, sales director for UK and Ireland at video surveillance giant Hikvision, during IFSEC International […]

Hikvision Evaluation IP series gains Common Criteria cybersecurity certification

Certification offers reassurance to customers that minimum standards around security, reliability and privacy protection have been met.

Eagle Eye Networks execs on the “unstoppable” rise of cloud surveillance

I caught up with Ken Francis, president of Eagle Eye Networks, and Rishi Lodhia, MD for the EMEA region, to find out why they believe the benefits of cloud surveillance are so compelling as to make its dominance all but inevitable.

Get your summer security fix in this essential free 'State of the Nation' webinar

Explore the state of security in the United Kingdom in this unmissable webinar led by industry titans Professor Dave Sloggett, Surveillance Camera Commissioner Tony Porter, TSI's Rick Mounfield, BSIA's Mike Reddington and Alex Carmichael of the SSAIB.

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GraceGui
GraceGui
December 30, 2016 6:28 am

Hikvision now is becoming the global leading security industrial conglomerate. This giant can offer diversity security products including access control, alarm system, intercom system, industrial cameras, sports cameras, video surveillance equipment and more, the company also manufactures robots and unmanned aerial vehicle now.
Resource: http://www.unifore.net/company-highlights/hikvision-launched-its-first-uav-in-cpse-cpse-exhibition.html

Turnoaks
Turnoaks
January 4, 2017 3:20 pm

Quoted from above – “Hikvision bought rival Chinese video surveillance product and service supplier Dahua Technology in 2015” Are you sure this is correct?