Hikvision tops DVR supplier list in IMS Research report

According to a recent report from IMS Research, video surveillance solutions manufacturer Hikvision is the world’s top supplier of DVR products.

The China-based company also ranked fifth in the CCTV and video surveillance category of the "World Market for CCTV and Video Surveillance Equipment Report 2010," up four spots from last year.

"Hikvision has continued to grow healthily and rapidly in recent years," said Gary Wong, analyst for IMS Research in a statement. "Despite the economic downturn, Hikvision remained the world’s largest provider of DVR products in terms of revenue market share in 2009 - an impressive achievement for a company that has been active in the market for less than 10 years."