VIVOTEK eyeing double revenue growth in India by 2019
ANI | Updated: Oct 06, 2017 17:05 IST
New Delhi [India], Oct. 6 (ANI): The global leading IP surveillance solution provider, VIVOTEK, has announced that it is aggressively looking to scale up in India. The company which is growing at a 30 percent year on year rate is looking to double its revenue in the next two years.
Commenting on the future roadmap of the company, India and SAARC Country Manager, VIVOTEK Inc., Sanjeev Gulati said, "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 ways hitherto unforeseen. The procurement of security surveillance products has become a lot easier if compared to the 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 on the right path."
VIVOTEK's key focus area in the Indian market is both product and solution oriented. The vertical markets where the company plays a major role include transport and highways, smart city projects, retail markets, industrial market, and the hospitality industry. (ANI)