Hikvision Canada established to better serve market
Hikvision has established Hikvision Canada Inc., which will focus on the video surveillance market in Canada. This achievement represents the company’s strong commitment to the Canadian market and speaks to its rapid growth in Canada, North America, and across the globe. Hikvision boasts 12,000 employees globally, including 4,200 of engineers devoted solely to R&D.
Hikvision‘s percentage of revenue spent on R&D in 2013 topped 8% of US $1.76 billion, amounting to over US $140 million. Hikvision and its affiliated companies have submitted over 1000 patent applications in China, as well as over 50 patent applications through the Patent Cooperation Treaty (PCT) and Paris Convention, holding over 500 patents worldwide. The year 2015 will find Hikvision advancing even further as a robust global corporation with quickly expanding human resources and numerous technical achievements.
Hikvision Canada Inc. is just one example of Hikvision’s incredible success in North America. The company established Hikvision USA Inc. in 2007, which began Canadian operations in 2011. In the four-year period since then, Hikvision has seen a tremendous increase in revenue in Canada, and the Canadian team has experienced significant expansion. In the coming year the company has plans to add additional regional managers, field engineers, and the bilingual French – English technical support staff based out of Montreal to better serve the needs of customers in French speaking Canada.
Education is one vertical market where Hikvision has found particular success, such as with the Hikvision security solution installed by Montreal’s Marguerite-Bourgeoys School Board. Retail and property management are also proving to be successful verticals for Hikvision, with finance, transportation, and municipal markets on the rise as well. Another trend for Hikvision in Canada has been an increase in middle tier and high-end projects. Hikvision’s Dealer Partner Program and A&E Program have enabled Hikvision to support a broad range of Canadian consumers with both SMB and enterprise solutions.
“Our team in Canada is firmly committed to creating relationships with distributors, dealers, and A&E firms, providing localized service to help Canadian businesses succeed,” noted Jeffrey He, president of Hikvision USA Inc. and Hikvision Canada Inc. “The creation of Hikvision Canada cements our reputation as a company with an exceptional understanding of the North American market. By continuing on the trajectory we’ve seen in the past few years and expanding the resources we provide to the Canadian market, Hikvision will witness great success in North America in 2015. This is just the beginning.”