COPENHAGEN, Denmark,
June 12, 2014 /PRNewswire/ --
Open platform video management
software provider continues to lead globally with strong partner
ecosystem
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.
(Logo:
http://photos.prnewswire.com/prnh/20130916/639134 )
"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
Image download link:
http://download.milestonesys.com/PR/Company/IHS
About Milestone Systems
Founded in 1998, Milestone Systems is a global industry leader
in open platform IP video management software. Delivering
surveillance that is easy to manage, reliable and proven in
thousands of customer installations around the world, Milestone
technology supports flexible choices in network hardware and
integrations with other systems. Sold through partners in more than
100 countries, Milestone solutions help 'video enable'
organizations - managing risks, protecting people and assets,
optimizing processes and reducing costs. For more information,
visit: http://www.milestonesys.com.