Open platform video management software provider continues to lead globally with strong partner ecosystem
COPENHAGEN, Denmark, June 12, 2014 /PRNewswire/ -- Milestone Systems has again been ranked the number one global video management software provider in terms of revenue according to the latest analysis from IHS Inc. (NYSE: IHS). Research from the IHS Technology Video Surveillance Intelligence Service has found Milestone to be the worldwide market share leader of open platform video management software (VMS) for more than a decade. Milestone Systems revenues have grown close to 30 percent on average per year since 2007.
"Milestone Systems retained the number one global market share position in the VMS category in 2013, recording 32 percent year-over-year USD revenue growth*," says Jon Cropley, principal analyst for video surveillance at IHS Technology.
This indicates the growing importance of software as the value-adding core of a solution - particularly when it is open platform architecture allowing unlimited integrations with other systems and devices. Milestone has documented the accelerating use of network video surveillance for more than just security: interoperability with other business systems brings the technology to support operational improvements in areas such as production, logistics, warehousing, marketing and customer service, education and patient healthcare.
"Milestone is pleased to achieve the highest market share ranking according to IHS. This showcases the power of the open platform and the ecosystem we foster with that vision," says Lars Thinggaard, CEO, Milestone Systems. "We want to thank all of our customers and partners worldwide - distributors, installers, solution integrators and manufacturer alliances - for taking part in this fascinating journey of convergence from analog to IP in the security industry. We are proving the value of collaboration for greater innovation, delivering more than security with digital surveillance technology and endless integration options. Collectively, we achieve more than any one company can do alone."
The latest IHS Technology analysis estimates that the world market for video surveillance equipment will grow from USD 13.5 B in 2013 to USD 24 B in 2018.
In addition to the IHS top ranking, Milestone has also received recent industry and partner accolades (Govies, PSA Security, Arecont Vision, Axis Communications), and was listed the past several years in the Security 50 global report on security market leaders. For more information see the awards overview: http://www.milestonesys.com/Company/Milestone-Systems/Awards-and-special-achievements/.
* 28% year-over-year in EUR
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