Axis Communications retained its global market-leading position in network cameras and security cameras and also took first place in video encoders in a new report from IHS.
“We have further strengthened our position due to our long-term strategy of continuous releases of innovative network video products and the fact that we offer high-quality security solutions in a global market in conjunction with our loyal partners,” says Ray Mauritsson, President of Axis Communications.
“IHS estimates continued high market growth, however, slightly lower than previously, over the next five years. IHS also indicates the market today is more fragmented, with many vendors offering network video products for security solutions.”
Axis is still ranked number one and is global market leader in the network cameras and security cameras categories. The security cameras category includes both analogue cameras and network cameras. Last year, Axis further strengthened its market position by taking first place in the video encoders category, a video encoder is a product that is connected to an analogue camera, which makes it possible to use the advantages of a network solution.
According to IHS, network cameras will account for more than 50 percent of global surveillance camera sales by 2014. This may be compared to network cameras’ share of global sales in 2012, which amounted to approximately 40 percent, according to IHS Research.