IMS Research Finds ONVIF has Greater Market Share than PSIA

In recent analysis, IMS Research has found that the member companies of the video surveillance standards body ONVIF command a significantly larger slice of the video surveillance equipment market than the member companies of the PSIA standards body.

ONVIF member companies command over 40 percent of worldwide video surveillance market revenues compared with the 25 percent taken by PSIA member companies. The difference is even more startling when put into the context of network video surveillance equipment. Here ONVIF member companies command nearly 60 percent of market revenues compared with the 20 percent share for PSIA member companies.

"Instinctively it felt that ONVIF members had a greater market presence. However, it was a surprise to see quite how large the difference was,” commented Alastair Hayfield, Senior Research Analyst of IMS Research. “The move to a standards based approach for network video surveillance is an important one. It will help to drive the adoption of network video surveillance products and will greatly benefit end-users.”

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