Dahua Leaps to 5th Place in the A&S Security 50
HANGZHOU, China /November 20, 2015—Dahua Technology, a world-leading manufacturer and supplier of video surveillance products headquartered in Hangzhou, China proudly announced that its sales revenue leaps forward to 5th place according to A&S Security 50 report 2015.
According to IHS 2014 report, the global market size of video surveillance was estimated to be US$15 billion. These markets are forecasted to grow to approximately $23.6 billion annually by the end of 2018.
The global demand for security products remains high, however multiple factors have changed the security industry landscape. Dahua has continued to grow internationally by 35% surpassing the Global Technologies Division of Assa-Abloy and attained the number five position on the top 50. The urban surveillance and safe cities markets are driving growth, especially in developing countries.
Founded privately, Dahua is the only company in the top 5 to be independent of the government and gain its business extensively from SMB customers. This shows Dahua's extraordinary success in obtaining this industry milestone.
"Our leadership role has been forged by more than 20 years of industry experience,” said Fu Liquan, President of Dahua Technology. “Dahua will continue to provide new solutions through innovation and research. We believe China will change the global security industry landscape, and Dahua will be the leader of this positive change.”