COPENHAGEN, Denmark,
June 15, 2015 /PRNewswire/ --
Milestone Systems, the open platform company in IP video
management software (VMS), is again ranked as the number one
worldwide VMS vendor by company revenue in newly-published market
research from business information provider IHS Inc. (NYSE:
IHS).
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"We are proud that Milestone Systems continues to hold this top
global position in the security market - for more than a decade
now. It takes a lot of hard work, both from our own employees and
from the thousands of great partners we support around the world,"
said Lars Thinggaard, President & CEO, Milestone Systems.
A major finding in this report is that product demand will
continue to grow quickly, and the world market for video
surveillance equipment will be worth $15.7
billion in 2015. Price erosion is impacting the growth
rates, but customer demand is increasing significantly.
"We are not seeing the same level of price erosion for VMS as in
the camera market segment," said Jon
Cropley, principal analyst for video surveillance at
IHS.
This underscores the fact that video management software
functions as the core of a surveillance system, like the 'brain' of
the solution - especially if it is open platform architecture that
interconnects and manages components from many different providers.
Milestone's VMS is future-ready for expanding with ongoing
innovations in security and other business solutions.
Mobile applications are ramping up in usage rapidly with
valuable benefits for first responders and roving security,
managers or other personnel. Smartphones and mobile technology have
been the defining technologies for the beginning of the 21st
century. These days about half of the adult population worldwide
owns a smartphone, and by 2020 the number is expected to increase
to 80%.
"The widespread adoption of smartphones means that most of us
are carrying super computers in our pockets, and VMS user
preferences are fast following suit," said Kenneth H. Petersen, Chief Sales & Marketing
Officer, Milestone Systems. "With the Milestone Mobile client we
offer Video Push that enables a smartphone or tablet to act as a
mobile security camera, essentially adding another set of virtual
eyes where no other camera is in place. This is extremely popular
in all segments of our customer base, both in the low-complexity
and lower camera count installations as well as in the advanced,
high camera count solutions."
About Milestone Systems
Milestone Systems is a global industry leader in open platform
IP video management software, founded in 1998 and now operating as
a stand-alone company in the Canon Group. Milestone technology is
easy to manage, reliable and proven in thousands of customer
installations, providing flexible choices in network hardware and
integrations with other systems. Sold through partners in more than
100 countries, Milestone solutions help organizations to manage
risks, protect people and assets, optimize processes and reduce
costs. For more information, visit:
http://www.milestonesys.com.
SOURCE Milestone Systems