Interviews

Betting Big on AI, Robotics, Machine Vision and IoT 'Make-in-India' 2.0 is Driving a Significant Growth and Innovation

Q- How Hikvision India is positioned in the Indian security market?

The Indian security market is expanding due to a big surge in demand. The competition is on the rise due to various new players joining the fray. The Indian security market is poised for an unprecedented growth due to various factors related to Indian economy, infrastructure development and ongoing projects. We are grateful to our channel partners and end-users for showing extraordinary resilience and impeccable trust. We are also thankful to the security professional community comprising of dealers, distributors, installers, system integrators and consultants. 

 Hikvision India is consistently leading the Indian security market with the largest market share in the segment. We are happy to share the good news that Hikvision India is leading from the front with a long term commitment to 'Make-in-India' vision. We promise our ecosystem partners and end-users of consistent customer centric approach, product innovation, excellent quality and agile service support. We are a pure play business to business channel driven company based on growth, mutual trust and long term relationship. We work through partners to empower the network and invest resources to spur growth. Our channel partner network is going through a robust growth and expansion cycle. The channel partners are the real heroes of our success story. 

The year 2022 saw marked growth in the market for the majority of the Security 50 companies in video surveillance and access control. Hikvision has topped the global security rankings for the seventh year in a row since 2016. The revenue reported by Hikvision for the financial year 2021 exceeded the US$10 billion mark, standing at US $ 10.1 billion, growing 16.9 percent from 2020's $8.64 billion.

Q- How 'Make-in-India' 2.0 is helping Hikvision India in a highly competitive Indian security market?

Make-in-India 2.0 is a collective success for all the stakeholders. India is fast developing into one of the top manufacturing hubs across the world. There are multiple reasons for the positive industry sentiment for local manufacturing. The government's flagship 'Make-in-India' program is one of the key drivers to boost the manufacturing sector. They are helping to lower dependence on imports and boost local production of high-value products. The other reasons that are helping to regain the momentum for local manufacturing include, economic stability, robust legal system, cost effective labour, skilled workforce, high quality production, cost savings on import duties, domestic market demand and ease of doing business.

Hikvision India is committed to the 'Make-in-India' vision with a long term perspective. Our state-of-the-art manufacturing facility at Vasai is a living testimony of a marvel that is unfolding through Indian video security products and solutions. These solutions are customized for Indian environment and conditions and specific local requirements. Our mission is to be aligned with the government of India's 'Make-in-India' program to transform India into a global design and manufacturing hub. Through the local state-of-the-art manufacturing plant, 'Hikvision India is manufacturing its wide range of products and solutions as per our long term commitment to 'Make-in-India' vision. 

Q- Tell us about your high-end and sophisticated products will be showcasing during IFSEC India 2022?

Hikvision India is planning to showcase the latest offerings in the transportation solutions at the IFSEC-2022. We have planned elaborate product launches and fringe programs to live up to the expectations of the visitors, guests and stakeholders. We will be showcasing our wide range of products and solutions portfolio in Video Security, Access Control, Entrance Control, Alarm and Inspection Products. There will be special focus on the latest vertical solutions and AI technology applications. We will also showcase Intelligent Traffic Management Solutions (ITMS), Mobile Solutions, Automatic Number Plate Recognition Solution (ANPR), Vehicle Surveillance, Smart Parking Solutions, Smart Boom Barriers, Command and Control, Under Vehicle Surveillance Solution (UVSS), Emergency Call Box (ECB) and Smart Pole, etc. The robotics solutions will be on display as one of the key attractions. Another attraction for Smart Home enthusiasts will be a special EZVIZ brand wall with its latest Smart Home product portfolio.

Q- What are the latest security trends in the security industry?

The security industry has continued to shift, adapt, and develop in spite of challenges. Several trends have even accelerated. Beyond traditional 'physical security', a host of frontiers like AI, cloud computing, IoT, and cybersecurity are being rapidly pioneered by entities big and small in our industry. By all appearances, the security industry is in a stage of redefining itself. It is moving from mere security and safety protections to encompass a wider scope of activity that will expand safety while also bringing new levels of intelligence and sustainability to communities, companies and societies. Here, on behalf of Hikvision India, we would like to share some of our ideas and expectations about the key trends that will likely shape the security industry in the future.

For more information visit:

www.hikvisionindia.com