[Editorial Note: When NVR and other products are added in, Hikvision ranks higher than Axis (see: Axis Still Leads Global Network Video Market) for top sales bragging rights.]

For the third year, the Chinese company Hikvision has been ranked as the world’s largest CCTV and video surveillance equipment provider in 2013 with a 10.9-percent market share. This is up by more than a third, from 8-percent in 2012, according to the latest report from the US market research company IHS Inc

Hikvision reports that it maintained or gained position in every market segment. It became the top hardware NVR manufacturer from not being in the top ten in 2012.

In addition, Hikvision maintained its position as global DVR leader for the fifth consecutive year, gained two places to become the world’s number one supplier of security cameras with an 11.9-percent market share, and rose one place to be number two in network security cameras with a 13-percent share of the market.

As for the VMS (video management software) category, it was third having risen from fifth place in 2012.

Polo Cai, Vice President at Hikvision, pictured, says: “This outstanding performance across the board serves, once again, to prove Hikvision’s continuing dedication to innovation and excellence in all aspects of video surveillance products. It is also evidence of the success of Hikvision’s international marketing strategy and in-depth local customer services.”

He continued, “As the global CCTV market continues to move towards HD as the de facto standard, Hikvision has brought forward a full range of HD IP products, including the family of easy-to-use IP solution and Smart IP solution, that has been highly acclaimed by our partners and customers since its introduction to the market. Hikvision is growing very quickly in all segments, continuing to outperform the market as a whole, and this is also testament to our expanding sales channels and loyalty of our customers.”