Hangzhou Hikvision Digital Technology is the world's largest manufacturer of video surveillance equipment with a 21% market share. Fifty percent of its revenue is derived from surveillance cameras, though the firm also participates across the value chain, supplying video recorders, data storage equipment, and video management systems software. The company's faster-growing segment is its software business, as customers are increasingly seeking customized total solutions. Hikvision is also developing its innovative and smart-home businesses, which make AI-based products and account for 4% of overall revenue. The smart-home business is powered by the EZVIZ consumer brand. Innovative business includes the development of industrial robotics, automotive electronics, and infrared sensors.