The company holds a 37.7 per cent share of the global market for intelligent cameras and encoders with mid/high end video content analysis, according to market analysts, IMS Research.
It also holds a 16 per cent share of the overall intelligent video devices market which includes DVRs and traffic surveillance.
The World Market for Video Content Analysis 2008 breaks down the fast growing market and includes data by supplier, product type and geographic region up to 2012.
It examines the market for surveillance with mid/high end video analytics, including person detection, vehicle detection, perimeter intrusion detection, asset protection, object detection, behaviour recognition and people counting.
Growing rapidly, it is estimated to reach approximately $1 billion in 2012, with intelligent video cameras being one of the fastest growing segments.
It identifies more than 80 companies active in the video analytics market during 2007, and pin-points video encoders as the most successful analytics platform so far.
“ioimage was one of the first companies to market with intelligent video surveillance devices and has retained its leadership position, with a commanding share of the market in 2007” says Simon Harris, senior research director at IMS Research. The company had “been instrumental in the market’s expansion, with its strategy of developing solutions with mass market appeal”.
Said Roni Kass, CEO and founder of ioimage: “The key for success is enabling small and mid-sized organisations gain access to intelligent video by offering them systems that are flexible, cost effective and simple to install and maintain”.
In recent weeks info4security has featured stories on the company’s involvement in projects including a “virtual police force” in a Spanish city, showing crime as it happens on a big public screen in Japan and protecting the stock at a fish farm in Chile.
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