Hikvision, a supplier of innovative video surveillance products and solutions, has announced that the company has been ranked as the world’s largest provider of branded SAN, NAS and external DAS storage used in video surveillance in 2016, with the largest estimated market share of 22.1%, according to the latest reports* from IHS Markit.
“This is the first time Hikvision has been ranked as the number-one provider in enterprise storage business. That speaks to the success we've had in the video surveillance market, especially in large-scaled projects with city-wide storage demands." said Keen Yao, VP at Hikvision International Business Centre. "As our customers continue to see the great value of employing surveillance data to boost end users’ businesses, enterprise-level data storage is becoming an increasingly important part of a solutions approach to data-centred needs.”
Better business decisions
Yao explained Hikvision’s growth in storage capacity by increased customer demand for valued data. For instance, retail customers use video to observe customer patterns and preferences as well as employee performance to make better business decisions and improve management. City authorities use video to analyse traffic, reduce congestion, and increase commerce.
In addition, data retention times are also increasing. For example, due to regulatory requirements, many companies and authorities are keeping surveillance data much longer, and that is putting even more demand on storage infrastructures.
*Information based on IHS Markit, Technology Group, Video Surveillance Intelligence Service, May 2017 and Enterprise IP Storage Used in Video Surveillance Report, October 2017. Information is not an endorsement of Hikvision. Any reliance on these results is at the third party's own risk.