COPENHAGEN, September 16, 2011 /PRNewswire/ --
IMS Research Video Surveillance Market Analysis Reports Milestone is Again World Leader for Open Platform IP Video Management Software, and new Offices are Established.
Independent market research firm IMS Research has reported for the seventh year in a row that Milestone Systems is the global leader for open platform IP video management software. Milestone has expanded their global presence this year by opening offices in Brazil, Bulgaria and India, as part of the company's strategic plans for continued success in the high-growth market for IP video surveillance.
IMS Research has revealed in its latest report: The World Market for CCTV and Video Surveillance Equipment - 2011 Edition, that Milestone Systems maintained its top position of the last seven years. The software development company holds the leadership standing for the world market category of 'Open Platform Network Video Management Software'.
Lars Thinggaard, President & CEO at Milestone Systems, says: "Through ambitious management strategy and focused organizational operations, we are performing with profitability and a strong cash position. We consistently evolve our tiered and reliable solutions, while we scale geographically with our business model that builds channel expertise and differentiation through training certifications. We are therefore well positioned for continued growth, and have expanded again in 2011 by opening offices in three new world regions in support of our international scope and response to market demands."
Full portfolio of products to address market needs
IMS reports that the video surveillance industry is marked by continuing competition in offerings targeted to the low to mid-range market. Milestone is addressing this with newly released versions of XProtect® Professional and XProtect Essential, and a brand new product called XProtect Express. For each market segment, high value advanced surveillance capabilities are offered for efficient operations and long term return on investment. Milestone's open platform design offers upgrades to a full range of solutions and integrations with other security or business systems, where XProtect Corporate is the company's highest-end software for large, multi-site installations and unlimited users, with features for making complex sites easier to manage.
"The network video surveillance market grew almost three times as fast as the total market in 2010 - over 30%. Milestone grew 56% in revenue and maintained its market standing. Two key factors impacting the decline of the analog video surveillance market are the large/enterprise tier of the market transitioning to network video solutions and increasing price competition/commoditization in the mid to low end," concludes Gary Wong, Senior Analyst at IMS Research.
Milestone Systems software provides an open platform with a well-documented Milestone Integration Platform Software Development Kit. This continues to attract new Milestone Solution Partners from all over the world: about 300 companies have integrated the Milestone XProtect IP video platform with such systems as access control, Point-of-Sales, analytics, biometrics, HVAC, building automation, ERP, RFID, production, logistics, and more.
Investing in new regions for continued growth
In 2011 Milestone Systems established a company in Bulgaria that is developing new functionality for the open platform IP video management software. Milestone has also set up offices in Brazil and India to support long-term goals for organizational expansion. Over recent years, the company has seen positive growth in these areas. The Brazilian office has Account Manager Jose Marcos Medieros Junior in place, while Sandesh Kaup is the Regional Sales Manager in India. Milestone Systems now has offices in 15 countries.
Milestone Systems fosters an international growth culture
In the first six months of 2011, Milestone Systems hired more than 65 new employees, a 20 percent increase in the total staff. To ensure that the new personnel quickly adopt the Milestone entrepreneurial culture based on a clear mission and vision, Milestone has undertaken a valuable investment in internal education of all its managers around the world. The Milestone Leadership Academy has brought together colleagues in a series of teams to be trained in the latest leadership practices, to understand company goals and the way to achieve them, based on the foundation of Milestone company values.
About IMS Research
IMS Research is a supplier of market research and consultancy services on a wide range of global electronics markets. The company is supported by headquarters in Wellingborough, UK and offices in the US, China, Taiwan, South Korea and Japan. IMS Research regularly publishes detailed research on video surveillance and security services markets, among others. http://www.imsresearch.com
About Milestone Systems
Founded in 1998, Milestone Systems is the global industry leader in true open platform IP video management software, according to IMS Research seven years in a row. The XProtect® platform delivers powerful surveillance that is easy to manage, reliable and proven in thousands of customer installations. With support for the 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 and certified partners in more than 100 countries. Learn more at http://www.milestonesys.com.
SOURCE Milestone Systems