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Milestone Systems has been named the top VMS provider in the world for the 10th year in a row.
According to market research carried out by business intelligence provider IHS Markit, Milestone Systems’ revenue growth tripled that of the overall market.
Milestone Systems’ revenue growth was 21% over 2016, compared to 8% for the overall market and in 2017 the company had a global VMS market share of 10.2% which was an increase from 9.1% in 2016.
“Our open platform community and partnership business model is the reason for the positive development.” Lars Thinggaard, president and CEO, Milestone Systems
The provider of open platform video management software provides solutions aimed at enabling companies to protect their assets and increase business efficiency.
Milestone Systems not only retained the number one position globally but also holds the number one spot in Europe/Middle East/Africa (EMEA), with a market share that increased to 17.1% from 14.8% in 2016.
Lars Thinggaard, President and CEO, Milestone Systems said: “We will keep investing in our partner community, focusing on new technologies within cameras, access control and video analytics. We believe in a future where video will play an even more significant role in understanding data sources from the increasing numbers of devices that connect people and assets.”
Milestone Systems is exhibiting at IFSEC International, 19-21 June 2018, ExCeL London. You can find them on stand C340. Register now.
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Milestone Systems celebrates 10th year in a row as top VMS providerAccording to market research carried out by business intelligence provider IHS Markit, Milestone Systems’ revenue growth tripled that of the overall market.
Izzy Boardman
IFSEC Insider | Security and Fire News and Resources
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Milestone Systems has been named the top VMS provider in the world for the 10th year in a row.