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How Is Dahua Grabbing Market Share From Hikvision?

When it comes to video surveillance solutions, Hikvision is one of the major names that you are likely to hear.

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How Is Dahua Grabbing Market Share From Hikvision?

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  1. How Is Dahua Grabbing Market Share From Hikvision? When it comes to video surveillance solutions, Hikvision is one of the major names that you are likely to hear. The company—founded in 2001 and partly owned by the Chinese government—has evolved to be an industry leader and a trusted name in high-quality video surveillance systems including DVRs, NVRs, and CCTVs. Hikvision became part of Shenzhen Stock Exchange in 2010 and earned itself a spot in the Forbes 2000. It is currently present in 20 locations all over the world, including five European countries, Canada, USA, Korea, Singapore, India, Brazil, and Australia. Hikvision is not immune to competition, though, and it has been facing off with Dahua for a while now. The booming demand and popularity of CCTV systems has buoyed the growth of the video surveillance industry, and Dahua is one of the names that is grabbing market share from Hikvision. About Dahua Zheijiang Dahua Technology Co., Ltd. is among Hikvision’s biggest competitors in the video surveillance industry. The company’s products, services, and solutions are used in more than 160 countries around the world, with 35 subsidiaries covering the global markets in Asia, Europe, America, Middle East, Africa, and Oceania. Like Hikvision, Dahua is a Chinese company that is committed to providing high- quality products made with the latest technologies, and they continue to deliver that successfully. In 2001, they began their rise as a reputable provider of video surveillance solutions when they introduced the eight-channel real-time embedded DVR (digital video recorder). They have since thrived and continued investing in creating robust R&D capabilities for the latest innovation and technology. Dahua versus Hikvision Hikvision reached $4.67 billion in total revenue in 2016, while Dahua reached $1.93 billion in total sales in the same year. Many experts say the Dahua is on its way to grab an even bigger market share from Hikvision with their latest line of reasonably priced innovative products like the quad beam detector, 2MP convert pinhole network camera, and 2MP HDCVI MotionEye camera. Hikvision is known for its powerful video management software, which lets you connect thousands of cameras on a single system. Likewise, Dahua offers a VMS call smart PSS, which functions like Hikvision’s product but with some differences—such as the lack of SmartConfig, CCD/CMOS parameters, face recognition and face capture, stream media server, and distributed deployment. Hikvision’s solution may offer a lot of features, but it does not have Dahua’s manual login device feature. The recording capability of both systems is noteworthy, too, with Dahua offering 32ch or 128Mbps and Hikvision offering 64ch or 128Mbps.

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