Milestone Systems named number one VMS provider by IHS Markit

Open platform IP video management software (VMS) provider Milestone Systems, has been named number one VMS provider by IHS Markit, by retaining the number one global position in rankings, for the ninth year running.

The firm also holds the number one spot in both Europe/Middle East/Africa (EMEA) and Asia/Pacific (APAC) and ranking number three in the Americas.

Milestone continues its growth with an increase in net revenue of 18% in 2016 over the year before.

“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 and CEO, Milestone Systems.

The company’s market share estimates show that supply of VMS had become more concentrated in 2016. The four largest VMS vendors all gained 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.

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