Milestone Holds World Market Ranking of #1 VMS Provider
For the 10th year in a row, Milestone Systems is the number 1 global video management software (VMS) provider by company revenue, according to market research from business intelligence provider IHS Markit (NASDAQ: INFO). In 2017 Milestone Systems had a global VMS market share of 10.2%, an increase from 9.1% in 2016.
The world market for VMS is estimated to have grown by 8% in 2017. Supply to this market is gradually becoming more concentrated. The top largest vendors are estimated to have accounted for 48% of global revenues in 2015. In comparison, this figure was 57% in 2017. – Jon Cropley, senior principal analyst for video surveillance at IHS Markit
Milestone Systems not only retained the number one position globally but also holds the number one spot in Europe/Middle East/Africa (EMEA), with a market share that increased to 17.1% from 14.8% in 2016. Milestone Systems also maintains its number one position in APAC, with a market share of 12.4%, compared to 11.7% the year before. Finally, Milestone Systems jumped one spot in Americas and is now ranked as number two in the region, with a 11.3% market share compared to 9.6% in 2016.
Milestone Systems had a solid VMS revenue growth of 21% over 2016, which was almost triple that of the market. There is no doubt that our open platform community and partnership business model is the reason for the positive development, and we are proud to be a trusted and reliable partner in the community. We will keep investing in our partner community, focusing on new technologies within cameras, access control and video analytics. We believe in a future where video will play an even more significant role in understanding data sources from the increasing numbers of devices that connect people and assets. – Lars Thinggaard, President and CEO, Milestone Systems
About the research
Results based on IHS Markit, Technology Group, Video Surveillance Intelligence Service: 2018. Results are not an endorsement of Milestone Systems. Any reliance on these results is at the third party’s own risk. Visit https://technology.ihs.com/ for more details.
See also the Milestone Systems 2017 annual results press release.