Hikvision, the video surveillance products and solutions specialist, has announced 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 across the last decade of 53%.
“Hikvision’s continued growth is attributable to our product innovation capability and complete product and integrated vertical solution offerings, as well as the expanding global service network,” explained Cynthia He, vice-president at the Hangzhou-based company. “Keeping in touch with market trends, Hikvision has made stupendous achievements in both domestic and overseas markets in the last year.”
He added: “In 2014, Hikvision invested 8% of its annual revenue into R&D. Looking to the future, we will continue to devote our R&D efforts into delivering innovative products and vertical solutions that fulfil the ever-changing needs of the security industry in the firm belief that we’re ideally placed to provide a complete video surveillance solution to the global market.”
Hikvision is one of the world’s largest suppliers of video surveillance products and solutions. The company specialises in designing and manufacturing a full line-up of CCTV and video surveillance products. That product line ranges from cameras and DVRs to video management software.
*For more information visit Hikvision’s website at: www.hikvision.com