Milestone Rated Number One Again for IP Video Surveillance Software in IMS Research Report


COPENHAGEN, December 2 /PRNewswire/ --     Milestone Systems has been recognized again as the global market leader
for IP video surveillance software. IMS Research has published a new report
that identifies Milestone as having the highest world market share in the
category of software-only vendors of open platform network video management
solutions.

The report from IMS Research, "The World Market for CCTV and Video
Surveillance Equipment", was published in November 2008. The total market was
estimated to be worth $7,665.8 million in 2007 and forecast to increase 13.4%
per year to $14,347.1 million in 2012. Part of that, the overall analog video
surveillance market, is only forecast for 5.9% growth over this period, with
significant declines for many equipment categories in this waning technology.
This underscores the continuing convergence of the IT network approach in the
traditional surveillance industry.

For IP Video Surveillance Management Software (both Open Platform and
Proprietary) 2007 revenues were stated as $236.2 million and are predicted to
top $1 billion by 2012. Proprietary offerings are single-vendor products that
limit customer choices and cut into the return on investment over time. IMS
Research identified in this report that "more advanced users will typically
opt for software-only solutions for the greater flexibility and easier
integration with other systems like access control, point-of-sale, ATMs, and
more". Milestone Systems exceeds in this latter area, having been a pioneer
of true open platform IP video management software, independent of hardware
manufacturers, supporting the widest choice in network devices.

"The long term trends that will affect the CCTV and video surveillance
market are the shift to network video surveillance, the increasing use of
video content analysis, and the anticipated increased interoperability
between network products," says Simon Harris, senior analyst at IMS Research
and the principal author of the report. "The economic downturn will have
negative impact in some market verticals, but overall market growth is
expected to remain at a solid level. Our research concludes that the market
for IP video surveillance management software will remain very strong, and
Milestone Systems has an opportunity to further strengthen its market
position."

"This new report from IMS Research confirms our leadership position as
the true open platform for IP video management solutions," says Lars
Thinggaard, President & CEO of Milestone Systems. "Our surveillance software
is flexible, reliable, powerful yet easy to manage, and able to integrate
with other systems - all of which are key success criteria for continuing to
satisfy our partners and customers."

In addition to the fast market uptake of megapixel cameras that only run
on network solutions, the intensifying interest in Video Content Analysis
also benefits the IP video software market. Taking the lead in this area,
Milestone Systems this year announced their analytics framework that enables
users to operate combined analytics from multiple vendors on one common
management platform.

Annual growth rates for Milestone Systems have consistently been 40-60%,
and the company has outperformed the surveillance market during the
accelerating transition from analog to network video technology. With an
external investment in Milestone by Index Ventures in 2008, the strong
foundation has been bolstered for further growth and development of new
solutions in open platform IP video surveillance.

The reports from IMS Research are based on interviews with more than 100
international companies in the security industry, as well as data and
statistics derived from relevant news sources, annual reports, and the
Internet. For the last four years Milestone Systems has been recognized as
the global market leader in the open platform IP video management software
categories.

About IMS Research

IMS Research is a leading market research provider for the global
electronics industry. Founded in the late 1980s, IMS has established a
reputation for providing reliable, detailed market data. The IMS research
portfolio extends to areas such as semiconductors, industrial, electronic
security, communications, automotive, consumer and power electronics. Further
information can be found at http://www.imsresearch.com.

About Milestone

Founded in 1998, Milestone Systems is the leading global developer of
open platform IP video management software. XProtect(TM) gives users a
powerful surveillance solution that is easy to manage, reliable and proven in
more than 45,000 customer installations. With support for the industry's
widest choice in network hardware and integration with other systems,
XProtect provides best-of-breed solutions to "video enable" organizations -
reducing costs, optimizing processes, protecting people and assets. Milestone
software is sold through authorized partners in 90 countries. For more
information see http://www.milestonesys.com.

© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.