In this Research Note, we examine the Chinese video surveillance giant, Hikvision (Hangzhou Hikvision Digital Technology Co., Ltd), focusing on their strategic repositioning and business organization, before highlighting their 2024 results. This article is based on an IR presentation, October 2024, Hikvision’s 2024 Annual Report, 19 April 2025, associated press release, and Memoori analysis. See our previous coverage of Hikvision in May 2024. Hikvision Profile and Strategy Hikvision is the world’s largest video surveillance company, founded in 2001 and headquartered in Hangzhou, China. The company has more than 58,000 employees, serving over 150 countries. Key milestones achieved by Hikvision include their launch of AI-powered cameras in 2018, and their expansion into access control, intercom, and alarm system products beyond video surveillance. Since 2022, the group has repositioned itself as an AI-powered Internet of Things (AIoT) company, serving a wide range of industries through IoT, perception, AI, and big data services, with video as its core […]
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