COPENHAGEN, Denmark, June 14, 2012 /PRNewswire/ --
Video Surveillance Market Analysis 2012 Report from IMS Research
Milestone Systems, the open platform company in IP video management software (VMS), maintains its position as number one vendor for total VMS global market share in the latest report from IMS Research.
IMS Research, recently acquired by IHS Inc. (NYSE:IHS), has just published the ninth edition of its World Market for CCTV and Video Surveillance Equipment report. The results are based on data from 2011. It contains comprehensive information on all suppliers providing analog and digital video surveillance components such as cameras, recording solutions, video encoders and more.
"Milestone Systems has retained the number one global position in the VMS software category in 2011. In addition to maintaining its position as the leading vendor of VMS, Milestone also grew faster than the total VMS market in 2011, recording 22% year-over-year revenue growth versus approximately 17% market growth last year," says Gary Wong, Senior Analyst at IMS Research.
The 2012 edition of this report from IMS Research forecasts that despite the weak and uncertain economic climate, the world market for video surveillance equipment will grow in excess of 12% in 2012. The sales of network surveillance cameras are forecast to increase from approximately 40% of global security camera sales revenue in 2011 to approximately 60% in 2016. This further illustrates the continuing progress of IP technology taking over the traditional CCTV approach to video monitoring.
"The on-going trend from analogue to network video surveillance remains unchanged, however IMS Research has moved forward its forecast for the tipping point (where network video surveillance equipment sales revenue overtake sales of analogue video surveillance equipment) by one year to 2013. This is due to acceleration in the demand for network video surveillance," states Gary Wong.
Milestone Systems has repeatedly achieved the top VMS provider ranking in market analyses over many years and is recognized in the industry for its success in leading the expansion of open platform video surveillance software. The open platform software-only business model allows installers and customers the widest choice in hardware and value-adding integrations with other systems for the most flexible solutions and highest return on investments over time.
Lars Thinggaard, President and CEO at Milestone Systems, says: "Through our ambitious strategy and execution, Milestone continues with great progress for our company and the industry as a whole. We consistently listen to market demands and explore new ways of using open platform video management software as the core of security installations. Milestone is well positioned to further reap market share, with additional offices opened around the world to service our ecosystem of partners and customers."
About IMS Research
IMS Research, recently acquired by IHS (NYSE: IHS), is a leading supplier of market research and consultancy to over 2,500 clients worldwide, including most of the world's largest technology companies. Established in the UK in 1989, IMS Research now has dedicated analyst teams focused on the factory automation, automotive, communications, computer, consumer, display, financial & ID, LED & lighting, medical, power & energy, solar PV, smart grid and security markets. Currently publishing over 350 different syndicated report titles each year, these in-depth publications are used by major electronics and industrial companies to assess market trends, solve marketing problems, and improve the efficiency of their businesses. (http://www.imsresearch.com)
About Milestone Systems
Founded in 1998, Milestone Systems is the global industry leader in open platform IP video management software. The XProtect® platform delivers powerful surveillance that is easy to manage, reliable and proven in thousands of customer installations around the world. With support for the widest choice in network hardware and integration with other systems, XProtect provides best-in-class solutions to video enable organizations - managing risks, protecting people and assets, optimizing processes and reducing costs. Milestone software is sold through authorized and certified partners. For more information, visit: http://www.milestonesys.com
SOURCE Milestone Systems