Milestone Ranked as Market Share Leader - WLOX.com - The News for South Mississippi

Milestone Ranked as Market Share Leader

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Milestone Systems

COPENHAGEN, Denmark, June 12, 2014 /PRNewswire/ --

Open platform video management software provider continues to lead globally with strong partner ecosystem 

Milestone Systems has again been ranked the number one global video management software provider in terms of revenue according to the latest analysis from IHS Inc. (NYSE: IHS). Research from the IHS Technology Video Surveillance Intelligence Service has found Milestone to be the worldwide market share leader of open platform video management software (VMS) for more than a decade. Milestone Systems revenues have grown close to 30 percent on average per year since 2007.

     (Logo: http://photos.prnewswire.com/prnh/20130916/639134 )

"Milestone Systems retained the number one global market share position in the VMS category in 2013, recording 32 percent year-over-year USD revenue growth*," says Jon Cropley, principal analyst for video surveillance at IHS Technology.

This indicates the growing importance of software as the value-adding core of a solution - particularly when it is open platform architecture allowing unlimited integrations with other systems and devices. Milestone has documented the accelerating use of network video surveillance for more than just security: interoperability with other business systems brings the technology to support operational improvements in areas such as production, logistics, warehousing, marketing and customer service, education and patient healthcare.

"Milestone is pleased to achieve the highest market share ranking according to IHS. This showcases the power of the open platform and the ecosystem we foster with that vision," says Lars Thinggaard, CEO, Milestone Systems. "We want to thank all of our customers and partners worldwide - distributors, installers, solution integrators and manufacturer alliances - for taking part in this fascinating journey of convergence from analog to IP in the security industry. We are proving the value of collaboration for greater innovation, delivering more than security with digital surveillance technology and endless integration options. Collectively, we achieve more than any one company can do alone."

The latest IHS Technology analysis estimates that the world market for video surveillance equipment will grow from USD 13.5 B in 2013 to USD 24 B in 2018.

In addition to the IHS top ranking, Milestone has also received recent industry and partner accolades (Govies, PSA Security, Arecont Vision, Axis Communications), and was listed the past several years in the Security 50 global report on security market leaders. For more information see the awards overview: http://www.milestonesys.com/Company/Milestone-Systems/Awards-and-special-achievements/.

* 28% year-over-year in EUR

Image download link:  

http://download.milestonesys.com/PR/Company/IHS


About Milestone Systems  

Founded in 1998, Milestone Systems is a global industry leader in open platform IP video management software. Delivering surveillance that is easy to manage, reliable and proven in thousands of customer installations around the world, Milestone technology 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. For more information, visit: http://www.milestonesys.com.

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow

208 DeBuys Road
Biloxi, MS 39531
(228) 896-1313

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WLOX. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.