Milestone Systems Ranked No. 1 Global VMS Provider for 10th Year Running

For the 10th year in a row, Milestone Systems is the No. 1 global VMS vendor by company revenue, according to market research from business intelligence provider IHS Markit. In 2017, Milestone Systems had a global VMS market share of 10.2 percent, an increase from 9.1 percent in 2016.

“The world market for VMS is estimated to have grown by 8 percent in 2017,” said Jon Cropley, senior principal analyst for video surveillance at IHS Markit. “Supply to this market is gradually becoming more concentrated. The top largest vendors are estimated to have accounted for 48 percent of global revenues in 2015. In comparison, this figure was 57 percent in 2017.”

“Milestone Systems had a solid VMS revenue growth of 21 percent over 2016, which was almost triple that of the market. There is no doubt that our open platform community and partnership business model is the reason for the positive development, and we are proud to be a trusted and reliable partner in the community,” said Lars Thinggaard, president and CEO, Milestone Systems:

- Sponsors -

“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 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 percent from 14.8 percent in 2016. Milestone Systems also maintains its number one position in APAC, with a market share of 12.4 percent, compared to 11.7 percent the year before. Finally, Milestone Systems jumped one spot in Americas and is now ranked as number two in the region, with a 11.3 percent market share, compared to 9.6 percent in 2016.

Stay Updated

Get critical information for loss prevention professionals, security and retail management delivered right to your inbox.