Milestone Systems ranked No. 1 global VMS provider in 2017 IHS Markit Market Research Report
Milestone Systems has retained its position as the number one global VMS provider, according to the 2017 IHS Markit Market Research Report, Milestone has announced.
The VMS provider also holds the number one spot in both Europe/Middle East/Africa (EMEA) and Asia/Pacific (APAC) and ranks number three in Americas, the company said.
Said Lars Thinggaard, President & CEO at Milestone Systems:
“Milestone continues its growth with an increase in net revenue of 18 % in 2016 over the year before and has significantly exceeded the overall market growth. Our continued focus on co-creation of revenue and innovation with the Milestone community of partners and customers is a significant part of our success. We will continue and further explore this approach in the years to come.”
Jon Cropley, principal analyst for video surveillance at IHS Technology, added:
“Our market share estimates show that supply of VMS became more concentrated in 2016 with the four largest VMS vendors all gaining share. So far, the supply base for video surveillance equipment has been highly fragmented but I believe we will see more consolidation in the years to come.”
Milestone Systems, the open platform company in IP video management software (VMS), is once again the No. 1 global VMS vendor by company revenue in market research from business intelligence provider IHS Markit (NASDAQ: INFO). Milestone Systems receives this top ranking for the ninth year running.
Founded in 1998, Milestone Systems is a 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.