COPENHAGEN, June 6, 2013 /PRNewswire/ --
Video Surveillance Market Analysis 2013 Report from IHS
Milestone Systems, the open platform company in IP video management software (VMS), has been ranked as the number one vendor in the Europe/MiddleEast/Africa (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 Inc. (NYSE: IHS).
IHS Inc. 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, continually evolving in the international arena. IMS Research (now owned by IHS Inc.) 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 High Definition (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 Chief Executive Officer (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."
About IHS Inc.
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 6,000 people in 31 countries around the world. http://www.ihs.com
About Milestone Systems
Founded in 1998, Milestone Systems is a global industry leader in open platform IP video management software. Delivering powerful surveillance that is easy to manage, reliable and proven in thousands of customer installations around the world, Milestone software 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. http://www.milestonesys.com
SOURCE Milestone Systems