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COPENHAGEN – June 7, 2017. 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.
“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,” said Jon Cropley, principal analyst for video surveillance at IHS Technology.
“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,” said Lars Thinggaard, President & CEO, Milestone Systems.
Milestone Systems not only retained the number one global position but also holds the number one spot in both Europe/Middle East/Africa (EMEA) and Asia/Pacific (APAC) and ranks number three in Americas.
Download link to photos of Lars Thinggaard.
About Milestone Systems
Milestone Systems is a global industry leader in open platform IP video management software, founded in 1998 and now operating as a stand-alone company in the Canon Group. Milestone technology is easy to manage, reliable and proven in thousands of customer installations, providing flexible choices in network hardware and integrations with other systems. Sold through partners in more than 100 countries, Milestone solutions help organizations to manage risks, protect people and assets, optimize processes and reduce costs. For more information, see the corporate site: www.milestonesys.com. For news and viewpoints from the Milestone community, visit The Milestone Post.
Use of trademarks
Milestone Systems and the Milestone logo are trademarks or registered trademarks of Milestone Systems in the U.S. and other countries. A listing of the Milestone trademarks can be found at news.milestonesys.com/trademark-information. All other trademarks and registrations are property of their respective owners.
About the research
Results based on IHS Markit, Technology Group, Video Surveillance Intelligence Service: 2017. Results are not an endorsement of Milestone Systems. Any reliance on these results is at the third party's own risk. Visit technology.ihs.com for more details.
Milestone Press Contacts:
Pernille Larsen, Corporate Communications Manager, APAC
Tel. +45 25 60 67 24
Courtney Dillon Pedersen, Corporate Communications Manager, Americas
Tel. +1 (503) 719-3439
Jos Svendsen, Corporate Communications Manager, EMEA
Tel. +45 28 529 383