UK Distributor Dynamic Surpasses DVS In Hikvision Sales

•Published Nov 29, 2023 12:24 PM

Last year, a former Hikvision employee acquired Dynamic CCTV, one of Hikvision's top distributors. Now, IPVM confirms that it is surpassing long-term Hikvision partner DVS.

IPVM Image

This marks a shift in the competitive landscape of the UK surveillance market, where Hikvision faces long-term challenges, including a national ban in 'sensitive sites.'

Executive *******

******* ****'* ***** ******** ***' ** 20% ** ****, **** ******* *********** fewer ***** *** **** ****** *** profit ******* ** ****.

**** ***** ***** ********** *********** ******* **** ** *** *** CEO,**** **, * ****** ********* ******** *** has ** ********** **** ************ **** Hikvision. ** *** **** ****, ****** ******** (******** ********)** * ***** ** ** ********,*******, **** ****** ******** **********.

** ****** ******, ******* *** **** opened*** *********** ************ ******,**** **** ***** ********* ***-********* ******** as ********* ************* *** ***** ************.

Dynamic & *** **********

******* ************* *** *** ******* *********-******* ************ in *** ** ** *****. ***** firms ************************ **** ***** ********* ******* *** resell ********* *********** **** ******, ****, Pelco/Avigilon, ***, ****** ******* *** ***.

** ****, * ****** ********* *** employee******** ******* ****,**** **** ************ **** ** * strong ******** *** ******* ** *** time.

Dynamic ********* ***

** ****,******* *********$*** *** ** *****, **% ****** than *** $**.*********** ** ***:

IPVM Image

**** ** *** ***** **** ** which **** *******'* ********** *** ******** comparable, ** ************* *************** ***** ********************** ** ************ ************* ***************.

******** ****** *********** ****** **** *** not ******** *** ** **** ********** quirk, ** ***** *****, *** ***** generated ******* ******* *******, **** *********.

Gross ******* ********

******* *** *** **** *** ***** margins ** ****** **% ** **** and ****; *******, ******** ** ****, DVS' ***** ****** **** ** ***** 15% ***** *******'* ******* ***** **%:

IPVM Image

**** ********* ****** ***' *********** ** sell *** * ***** **** ** Dynamic ******* ****** ***** **** *** supplier (*.*., *********).

Net ******* **** ******, ***** *****

******* ********* *.** **** *** ******* than *** ** **** - $*.** compared ** ***' $*.**:

IPVM Image

*** ****** ** *******'* ***** *****: it ******** ** ***** ******** ** DVS' ** ** *** *** ** 2022, *** ***********.

Net ****** ******* ********

******* ** ***** ***** *******, *** and ******* **** ** **** ******* the **** *** ****** ** ***** 10%. *******, ***' *** ****** *** declined ************* **** *** ***** ** 3.3% ***** *******'* ******* ** **%:

IPVM Image

**** ** * **** **** **** the ******* ** **** **** ***, then ******'* ******* ********* ***********,**********.*% *** *******.

Reasons *** **************

******* *** *** *** ******* *********, so *** ***** ****** *** ***'* outperformance ** *** ******. ******* **** responded ** ****'* ******* ********.

******* *** **** ** ********* ****** to ************* ******* **** ** *** *** CEO**** **, * ****** ********* ******** *** has * **** ************ **** *********.

** ********, ****** *** **** **** DVS *********** ******** ** *******, * ***** ** ** ******** with**** ********* $*.* ******* ***. ******* ** a ***** ****** **** "******" ******** experience** *** *** *********.

*********, ****** ***** ********* ******* **** risk ****** **** **** *****/*********** ****** there *** **** ****** *********, *.*., security-focused******** ****** ************* *******'* ******** *********** *** **** ****** *** **** security-focused ********* ********.

Hikvision ** **********

********* ** *** ********** ***** * ban ****** ******** *** **'* **** "********* *****"(***** **** ***** *** *************), ******* its ** ***** *** *********.

**** *** ******** ** * ******** by *********, ************ ******* ** ********** ***********,***** *** *******"******** ****" **** "********* ** *** Banned **** ***** ********"(******* **** ** ******* ***** ****** by ********'* *** *** ****** ****).

** **** *** *** ******* ***** depend ** *********, **** ******* ****-**** challenges *** **** *****. **** ******* CEO **** ********** ** ****"******** *’* * *** ********* ***** my ********** *** ** ******* ***********" one ***** ***** *** ***.

Hikvision ******** "** * ****", "*********" *********** **** ********

*******'***** ************ ******* ** ********* "** * risk *** *** ********" *** **** Dynamic ** "*********" *** ************ *********** "will ********":

IPVM Image

******* **** ********* **** *** "****** of ********* ***********" ******* ** "******* risk," ***** ** ********* *** "*********** pricing" *** ******** *******.

Both ***** ********* ****** *********

** ****, **** *** *** ******* are ******* *** **** ***-********* ********/********** new ************ ******** ** ******** *****, e.g.:

*******, ******** ****:******* ***** "******** ****" ** *** distribution ********* **** ********** ****************** **
*******, ****** ****:******* *** ******* **************"******** ** ****** ***********"
***, ******** ****:*** ************* ******** ******** ***********
***, ******** ****: *** ***** "***** *****" **** safety********

** ****** ******, ******* *** **** opened **** ********* ************ ******.

Dynamic **. *** *******

*** ***, ** ** ***** **** Dynamic ** ********** *** **** ******** sales *** *******. *******, ****-**** ******* (for ****** ****) ******* ** ********* beyond *********, ***** ******** ********* *** the ****, ***** ********* ****** ************, e.g.,********* ****** ********* ********* "********* ******* Companies".

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