This marks the 16th year that a&s has released its Security 50 ranking. Over the past 16 years, a&s has reported on both the security industry’s most glorious and challenging times, along with its annual rankings. In the years following the 9/11 terrorist attacks in 2001, the industry almost reached its highest growth. However, there was only moderate growth from 2007 to 2009, during the great recession in the U.S. and then Europe. At present, the global security industry, especially the video surveillance segment, has maintained an average growth of 7 to 9 percent every year, according to the analysis of multiple researchers.
In this year’s Security 50 ranking, we recognize the achievements of video surveillance companies, such as Hikvision Digital Technology, Dahua Technology, Axis Communications, Avigilon, Milestone Systems and VIVOTEK, who were able to maintain double-digit growth and gross margins in 2017 despite the huge pressure from camera price reductions year after year. Because of their continuous efforts in creating solutions and providing value-added services for multiple vertical users, we can foresee their substantial growth in the future. Next, we can probably expect AI to reinvigorate growth and create another peak period for security.
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