VIVOTEK Eyeing to Double Revenue Growth in India by 2019
2017-10-06Growing at a substantial rate of 30 % YOY in India
New Delhi, 06 October, 2017 : VIVOTEK, the global leading IP surveillance solution provider, today announces that it is aggressively looking to double its revenue in two years. The company is growing at the rate of 30% year-on-year. The stellar growth is primarily driven by factors such as Smart City development.
VIVOTEK’s key focus areas in the Indian market are two pronged- both solution as well as product oriented. The vertical markets where the company has a major play in, include Transport and highways, Smart City Projects, Retail Market, Industrial Market and Hospitality Industry among others.
Commenting on the future roadmap that the company is strategically looking at, Sanjeev Gulati, India and SAARC Country Manager, VIVOTEK Inc., commented, “In India, burgeoning terrorist attacks, increasing occurrences of crime, data thefts, remote monitoring, development of public infrastructure, increasing IT spending, government initiatives and increasing security spending is driving the IP surveillance market in way hitherto unforeseen. The procurement of security surveillance products have become a lot easier, if compared to traditional modes. Also, Tier 1, 2, 3 and even Tier 4 cities and towns are displaying stupendous growth and they represent an important market for us. Initiatives like the 'Make in India' and 100 smart cities will give the IP surveillance industry a major fillip to move in the right path. These are the dominant trends we will be leveraging to our advantage.”
For more information about VIVOTEK and its comprehensive product line, please visit www.vivotek.com.
VIVOTEK Inc. (TAIEX: 3454) was founded in Taiwan in 2000. The Company markets VIVOTEK solutions worldwide, and has become a leading brand in the global IP surveillance industry. Its comprehensive solutions include network cameras, video servers, network video recorders, PoE solutions, and video management software. Through the growing proliferation of IoT, VIVOTEK aspires to become the Eye in IoT by drawing on its expansive technological capabilities in image and audio. The Company has established offices and subsidiaries in the United States (California), Europe (Netherlands), India (Delhi), Middle East (Dubai), and Latin America (Mexico) in 2008, 2013, 2014, 2015, and 2016, respectively. To create a sound industrial ecosystem, VIVOTEK has expanded strategic alliances with leading international software and hardware partners and works with over 183 authorized distributors across 116 countries. For more information, please visit www.vivotek.com.