New IHS Report: Milestone Retains #1 VMS Global Standing

In the newest market research from business intelligence provider IHS Markit (NASDAQ: INFO), Milestone Systems has once again placed as the No. 1 global Video Management Software (VMS) provider, based on company revenues for the year 2016. Milestone has thereby received 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.
– Jon Cropley, principal analyst for video surveillance at IHS Technology

Milestone Systems not only retained the leading 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 the Americas.

Milestone continues its growth with an increase in net revenue of 18% in 2016 over the year before, significantly exceeding 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.
– Lars Thinggaard, President & CEO, Milestone Systems.

Related posts

What is the Future of AI in Video Surveillance?

What is the Future of AI in Video Surveillance?

The following interview is excerpted from an episode of SIW Radio, where SecurityInfoWatch.com Editor-in-Chief Joel Griffin sat down with Mike Sherwood, Director of Technical Operations for Milestone Systems, at the company’s MIPS 2018 event to...

Posted
The Eyes of the IoT

The Eyes of the IoT

Worldwide, hours of digital video are generated every second, and even more data from IoT sensors will be added with the intention to improve situational awareness. In less than four years, about 50% of the streams feeding into video management...

Posted