Milestone Systems has been ranked as the number one vendor in the EMEA regions and shared the number one position globally for the VMS market in the latest surveillance industry report conducted by IMS Research, now part of IHS.
Milestone Systems has been ranked as the number one vendor in the EMEA regions and shared the number one position globally for the VMS market in the latest surveillance industry report conducted by IMS Research, now part of IHS.
IHS has published the tenth edition of the IMS Research report called World Market for CCTV and Video Surveillance Equipment, with results based on financial data from 2012. It contains information on suppliers who provide analog and digital video surveillance components such as cameras, recording solutions and video encoders.
Milestone Systems is estimated to have had the highest revenues for VMS software in EMEA in 2012 and equal highest revenues in the world, according to IHS. "This is the first time that two companies have shared the leading position in the global VMS market," said Jon Cropley, Principal Analyst at IHS.
Today in its 15th year of business, Milestone Systems has continually demonstrated solid growth in many regions, evolving in the international arena. IMS Research (now owned by IHS) in earlier reports on surveillance software revenues has consistently ranked Milestone globally as either number one or number two, in a group of about half a dozen top competitors. The world market for surveillance software has been notably fragmented, especially by local presence where languages and currencies play a determining role. Some percentage changes in standings can also be attributed to variances in exchange rates.
The 2013 edition of this highly acclaimed report from IHS analyzes the current state of the video surveillance market and forecasts its future direction. It highlights the varied nature of regional markets around the world. It also discusses both political and financial influences and analyzes the impact of technology trends such as the transition from analog CCTV to network video surveillance, the transition to HD network security cameras, and open interoperability standards. According to the new report, the world market for video surveillance equipment is forecast to almost double in size between 2012 and 2017.
"Competition is healthy, spurring continued commitments to improvements that benefit the customers and the providers themselves. Look at what this means for the industry: the top players have all grown their revenue, which shows that user demand for IP solutions is very strong," says Lars Thinggaard, President and CEO at Milestone Systems. "Leadership is about being a consistently strong organization that continues to deliver top products and support relationships - how a company carries out its business is very important for long-term success. Milestone is a company built on the core concept of openness, to encourage more contributions and more choices."
Besides over 100,000 customer installations of Milestone XProtect software offerings for both complex and simple surveillance needs, Milestone Systems has achieved an impressive ecosphere of partners: 7,000 channel partners and 750 solution partners are mobilized around the open platform, which creates more value and innovation for everyone. Working with more than 100 camera manufacturers, Milestone currently supports over 2,000 models of network video hardware. The XProtect Software Development Kit (SDK) and Application Program Interfaces (APIs) have currently enabled hundreds of innovative integrations with third-party solution providers, and many more are on the way.
Lars Thinggaard states: "Milestone's vision is to drive the convergence of video surveillance and IP-based business systems. To achieve this, our open platform embraces the expertise of our many partners and empowers more innovation. This adds value for the entire industry and customers alike. That is the leadership we aim to demonstrate."