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.
