Milestone Systems has once again been named as the No. 1 global VMS vendor by company revenue in market research from business intelligence provider IHS Markit. Milestone Systems receives this top ranking for the ninth year running.
The company not only retained the number one global position but also reportedly holds the number one spot in both Europe/Middle East/Africa (EMEA) and Asia/Pacific (APAC) and ranks number three in Americas.
“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,” said Jon Cropley, principal analyst for video surveillance at IHS Technology.
“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,” said Lars Thinggaard, President & CEO, Milestone Systems. “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.”