Hangzhou HikVision Digital Technology Co., Ltd

Hangzhou HikVision Digital Technology Co., Ltd Overview

Company Global Headquarters: China

Founded: 2010

Workforce: ~34,392

Company Overview: Hangzhou HikVision Digital Technology Co., Ltd (HikVision) is a manufacturer and provider of video-centered IoT solutions, providing intelligent business, security, and big data services to its customers globally. The company is a major supplier of video surveillance products and solutions in China with the Chinese government being the major shareholder. The company has a diverse marketing network comprising 28 overseas regional subsidiaries and 35 branches across China. The company provides customized and professional solutions to meet diverse market requirements. The products offered by HikVision include network cameras, thermal cameras, analog cameras, PTZ, network video recorders, hybrid video recorders, and digital video recorders. The company offers solutions for various industry verticals like banking & finance, hotel, parking, retail, mobile transport, and traffic. In addition to the video surveillance industry, the company has extended its business to smart home tech, automotive electronics and industrial automation, based on the video intelligence technology for sustainable long-term development. The company mainly operates in China and offers its products in more than 150 countries.

Strategy

HikVision focuses on research and development and annually invests 7–8 % of its total annual sales revenue in research and development for product innovation. The company focuses on partnerships for improving its global presence. HikVision also focuses on increasing its investments in the project-based market. The company makes sustainable development through long-term talent training and incentive systems. The company innovates the video technology based on the user’s demands to sustain in the global Video surveillance market.

Company Snapshot

$2.77M

Revenue

34,392

Employees

2010

Founded

SWOT Analysis

Strengths

Diversified product portfolio
Strong marketing network
Strong research and development
Wide geographic presence

Weaknesses

Intellectual property rights infringements
Risk of cyber-security threats

Opportunities

Smart home technology
Intelligent Video Surveillance Systems
AI Cloud Platforms

Threats

Government regulations in various countries.
Intense competition
Foreign currency exchange rate fluctuations

Key Developments

Date	Approach	Development
–	–	Hikvision launched Turbo HD X series of security cameras that have in-built detectors to capture infrared light emitted by human bodies to detect a potential intruder. It’s a unified system that links front-end devices to back-end devices and remote applications. Turbo HD X has also reduced the number of false alarms due to the intelligent false alarm reduction technology.
–	–	Hikvision announced a partnership deal with Corinthians—a Sao-Paulo-based football club. A three-year deal will allow Hikvision to provide security solution such as DarkFighter cameras that deliver bright and fully-colored images in minimum light, AI-powered facial recognition cameras and Automatic Number Plate Recognition cameras, for the maintenance and expansion of Arena Corinthians’ security system
–	–	Hikvision launched a new addition to its Turbo HD 4.0 camera with PIR technology. This camera can produce a high-quality image in low light using ultra low light technology. This camera can be useful for private residences and outside smaller retail outlets

Product Offering

Hangzhou HikVision Digital Technology Co., Ltd
- Cameras
- Video Recorders
- Video Management
- Video Intercom

Financial Performance

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