enterprise

Vivotek to double its revenue in India by 2019

revenue growth

Vivotek, an IP surveillance solution provider, said 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 solutions as well as product oriented. The vertical markets where the company has a major play in, includes 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, VVivotek 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 has 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,” he added.

Most Popular

The Red Mark has been established as a news portal to act as a conduit between the booming startup economy and the established, traditional players. Today's startups are tomorrow's small and medium business or large enterprise and we believe that no one can afford to be an island; if both work in tandem they can learn a lot from each other.

Contact Us

Address : 570, first floor, sector 22B , Gurgaon - 122015

Contact No. : 0124-4377494

For Any Query Please write below


Editorial : karma@theredmark.net

Advertisement : hem@theredmark.net

Subscribe to Our Newsletter





CAPTCHA


copy the digits from the image into this box

Copyright © 2016-2017 The Red Mark. All Rights Reserved.

To Top