June 12, 2018 By SP&T Staff
In 2017, Milestone Systems had a global VMS market share of 10.2 per cent, an increase from 9.1 per cent in 2016.
“The world market for VMS is estimated to have grown by eight per cent in 2017,” said Jon Cropley, senior principal analyst for video surveillance, IHS Markit. “Supply to this market is gradually becoming more concentrated. The top largest vendors are estimated to have accounted for 48 per cent of global revenues in 2015. In comparison, this figure was 57 per cent in 2017.”
“Milestone Systems had a solid VMS revenue growth of 21 per cent 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,” said Lars Thinggaard, president and CEO, Milestone Systems.
Milestone Systems also holds the No. 1 spot in Europe/Middle East/Africa (EMEA), with a market share that increased to 17.1 per cent from 14.8 per cent in 2016. The company also maintains its No. 1 position in APAC, with a market share of 12.4 per cent, compared to 11.7 per cent the year before. Finally, Milestone Systems jumped one sport in the Americas and is now ranked as No. 2 in the region, with a 11.3 per cent market share compared to 9.6 per cent in 2016.
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