UAE – Milestone Systems, the open platform company in IP video management software (VMS), is once again the number one global VMS vendor by company revenue according to market research by business intelligence provider IHS Markit. The company received this top ranking for the ninth year running.
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.
“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.
Christian Ringler, Director DACH, Middle East and Africa said: “I view this as a clear confirmation that the strategy the dedicated Milestone team in MEA has followed the last 10 years has been the right one. I am pleased to continue building a strong local team to win even more strategic projects and to keep solidifying our market presence.”
Jon Cropley, principal analyst for video surveillance at IHS Technology, added: “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.”
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.