HIKVISION has been named the number 1 CCTV manufacturer for market share in CCTV and video surveillance equipment worldwide by HIS Markit.

Hikvision has a total market share of 21.4 per cent for CCTV and Video Surveillance Equipment based on 2016 data. This is an improvement over last year’s report, based on 2015 data, where Hikvision had 19.5 per cent market share. 

In addition, IHS Markit ranked Hikvision No.1 for 2016 global market share in the categories of: security cameras (24.2 per cent), analogue +HD CCTV security cameras (23.9 per cent), network security cameras (25.6 per cent), and recorders (25.3 per cent).

"Hikvision’s continued growth and solid performance is driven by our commitment to R&D investment in new products, our people and our integrator partners," Hikvision said. ♦