Hikvision Silicon Valley and Canada R&D Expansion

By: Brian Karas, Published on Feb 15, 2017

After massive growth in their sales team, Hikvision is now planning to add two new R&D centers in North America.

In this report we examine Hikvision's stated plans to increase their presence in North America, and how this will impact their competitors and the overall security market.

***** ******* ****** ** their ***** ****, ********* ** *** planning ** *** *** new *&* ******* ** North *******.

** **** ****** ** examine *********'* ****** ***** to ******** ***** ******** in ***** *******, *** how **** **** ****** their *********** *** *** overall ******** ******.

[***************]

Montreal, ******* ****** *********

*********'* ******* **** **** will **** ********** ** Montreal *** ******* ****** [link ** ****** *********]. Montreal, **** ** *********'* existing ******** ***** ******, and *** ********** *******, will *** ** *&* center. ******* ******, ***** ******** ***** ******* *********** ** *****, *** ********* ****** ** ****** in ****, **** *** * research *********.

*** *&* ****** ** described ** ******** ** engineering ***********, ***** *** research ********* **** ***** on "***** ********** ********". It ** ******* **** "broad ********** ********" *****, but ***** *** ********, and *********'* ****** ************ with ******** *** ******, ** ** ****** that ** ***** **** employees ** **** ******** will ** ******* ** analytics-related ***********.

No **** ********** ** ****** ** *****

********** ******* ** ********* vauge ** ******, ******* that *** ********** *** "******** ** **** ** 2017", *** ******* ** commit ** **** * specific ***** ** *******. Additionally, ***** ** ** mention ** *** ******* size ** ***** ********** or *** ****** ** employees ******** ** **** location.

Increased ******** ******* ****** *****

******* ********** ****** *****, and ******** **, **** place *********** ********** ******** on *********'* ******* ****** North ******** **********. **** move ** ******* ********** that ********* ******* ** move ****** ****** *** low-cost ****** *** **** a ***** ******* ** the ********** ******, ***** systems *** **** ******, and ********* **** ** be ********* **** **** than **** *****.

Helps ****** ********** ** * ******* *******

****** ***** ******** ** North *******, *** **** for *********** *** *****, but **** *** *&*, should **** ********* ****** the ****** ** * Chinese ********** ********** *******. *** ability ** ***** ***** customers ** ******** *******, staffed **** ********* *** new ************, **** ***** the ********** **** *** are * '*****' *******. 

Local ****** ** ********* ** *******

** *********'* ******* ****** office ***** ********, ****** opening * ****** ****** is *** * ********* that * ******* *** get * ******* ******. Further, ********** ********* ** general **** ********** ********** *** ********* top *********** ******. **** ********* **** to **** ** "****" products ** ***** **** autonomous ******* ********** ** social *********, *** **** also **** ****** ** pre-IPO ********* **** **** growth *********. ********** ************ products *** ** *** of *** ******* ********** may ** * ***** sell ** *** **********, and ***** ******* ** general *** * **** concept *** **** ******* companies.

Impact ** ***********

***** ***** ********* **** likely *** **** ********* massive *********** ************ **** could *** **** ***** in *****, **** **** legitimize **** **** ********* on ****** *****. **** leaves *********** **** **** to ******** ********* ** a ******* ********** ****** or ** ************ ***** the ******** *** "***** engineered ** *****". *******, local ******* ** *** mean *** ********* ***** are *** ********** ********* under *** ********* ** the ******* ************.

iVMS-5200 *********

******** ** **** ** ex-Genetec ********, *** ******* Hikvision ******* ******* ***** ******* [link ** ****** *********], offering ********* *** *** R&D ******, ******** ** opens, ** ********** *** release ** ****-**** ** North *******. **** ****, Hikvision's ********** ***, *** had ******* *********** ** ***** *******, *** *** **** rumored ** ** ****** to *** ***** ******** market, *** *** ***** not **** ********** ********. A ******** *********** ******, coupled **** * ******* manager **** ****** *********, could **** ********* ****** an ****-**** ******* **** was ********* *********** **** existing ******** ** **** space.

Market ******

******* * ********** ****, or ******* ** *** expected **** ** ***** locations, ***** **** ****** be ****** ****** ****** **** this ************. ********* ******* on * ********** ****** date, ** ******** ******** levels, ***** ** **** to **** *********'* ***** of **********, *** ******* to ****** *** ****** in ***** *******.

Vote Hikvision ************ 

Comments (6)

"Montreal home to Hikvision's existing Canadian sales office, and VMS competitor Genetec, will get an R&D center."

Hmm, if I were Genetec I would expect a price war to retain employees soon.  Based on some forum discussions it appears as though IVMS-5200 is a little rough.  Acquiring some ready talent would help accelerate the development process (I assume).

 

 

Hmm, if I were Genetec I would expect a price war to retain employees soon.

The reports that we have of Hikvision's compensation is that it is decent compared to industry levels but not exceptional. To that end, I doubt they try to win on price.

But, Genetec has 700 or more employees and many, if not most, in Montreal, so there's a lot of people to pick from. For example, Hikvision Canada's newest Senior Product Manager Simon Levy worked at Genetec for more than 6 years, though he left Genetec in 2015.

One ex-Genetec employee noted that Genetec has non-competes and that, even without that, "The culture up there is like a Silicon Valley company, play stations, pool tables, ping pong, soccer outdoors, etc. Hikvision will have a hard time getting people away from that environment."

A step in the right direction and two steps ahead of Dahua. 

Wouldn't be easier to just Buy Avigilon?
It might also be more cost effective....

Because they dont really need them, they will instead just dominate them.

In my opinion this is just a flimsy PR attempt on their part to try to distance themselves from all of the bad press of being owned by the chinese government and so that they can try to get in on potential government contracts by saying they are based in the US and Canada.  I may be wrong, I often am and will never be afraid to admit it if comes around that way.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Open vs End-to-End Systems: Integrator Statistics 2019 on Nov 11, 2019
Preference for open systems is on the decline, according to new IPVM statistics. We asked integrators: For video surveillance systems, do you...
Rhombus Cameras, VMS and Analytics Tested on Nov 06, 2019
Rhombus boasts they have created "the new standard in Enterprise, cloud-managed video security" and told IPVM in January 2019 they offer twice the...
Aiphone Video Intercom Tested (IX Series 2) on Nov 05, 2019
Aiphone was one of integrator's favorite intercom manufacturers but how well do their products work? The company's newest offering, the IX Series 2...
90+ Companies Profile Directory on Nov 05, 2019
While IPVM covers the largest companies in the industry regularly (like Axis, Dahua, Hikvision, etc.), IPVM strives to do a profile post on each...
Hikvision USA Fights LTS on Nov 04, 2019
Hikvision's USA subsidiary is fighting with LTS, having recently quietly dropped LTS as an authorized distributor amidst ongoing face-offs between...
Axis Cracks Down On Illicit Channel Sales on Nov 01, 2019
Axis has stepped up efforts to crack down on illicit channel sales according to various industry sources, though, Axis denies this. Online sales...
Avigilon Appearance Search Tested on Oct 30, 2019
Avigilon Appearance Search claims that it "sorts through hours of video with ease, to quickly locate a specific person or vehicle of interest...
Struggling Arcules Changes Chief Revenue Officer on Oct 29, 2019
Canon / Milestone spinout Arcules has struggled, now changing their Chief Revenue Officer, just a year after he came on board. The issue is not...
nFlux AI Startup Profile on Oct 28, 2019
nFlux, an Amazon, Google, and Microsoft funded AI startup told IPVM their mission is to build the most intelligent video analytics platform in the...
Remote Access (DDNS vs P2P vs VPN) Usage Statistics on Oct 25, 2019
Remote access can make systems more usable but also more vulnerable. How are integrators delivring remote access in 2019? How many are using...

Most Recent Industry Reports

Wireless / WiFi Access Lock Guide on Nov 12, 2019
For some access openings, running wires can add thousands in cost, and wireless alternatives that avoid it becomes appealing. But using wireless...
Open vs End-to-End Systems: Integrator Statistics 2019 on Nov 11, 2019
Preference for open systems is on the decline, according to new IPVM statistics. We asked integrators: For video surveillance systems, do you...
Biggest Low Light Problems 2019 on Nov 08, 2019
Over 150 integrators responded to our survey question: "What are the biggest problems you face getting good low-light images?" Inside, we share...
US Issues Criminal Charges For Fraudulently Selling Hikvision And Other China Products on Nov 07, 2019
The US government has made an unprecedented move on the video surveillance supply chain, charging a US company, Aventura for "having conspired with...
The Access Control Codes Guide: IBC, NFPA 72, 80 & 101 on Nov 07, 2019
For access, there is one basic maxim: Life safety above all else. But how do you know if all applicable codes are being followed? While the...
Rhombus Cameras, VMS and Analytics Tested on Nov 06, 2019
Rhombus boasts they have created "the new standard in Enterprise, cloud-managed video security" and told IPVM in January 2019 they offer twice the...
"Stress in the Residential Market" - Major Lender Exits on Nov 06, 2019
The residential security / 'alarm' market is getting worse, at least for traditional players. Now, one of the biggest lenders in the industry has...
Aiphone Video Intercom Tested (IX Series 2) on Nov 05, 2019
Aiphone was one of integrator's favorite intercom manufacturers but how well do their products work? The company's newest offering, the IX Series 2...
90+ Companies Profile Directory on Nov 05, 2019
While IPVM covers the largest companies in the industry regularly (like Axis, Dahua, Hikvision, etc.), IPVM strives to do a profile post on each...