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.