Milestone Systems Top Worldwide Provider Of Open Platform IP Video Management Software

  • Sep 08, 2009

Milestone Systems once again stands out as the No. 1 provider of open platform IP video management software, according to the latest IMS Research report: The World Market for CCTV and Video Surveillance Equipment 2009 Edition.

The report found that Milestone Systems has retained its top position of the last half decade in similar categories and gained additional market share in the video surveillance industry -- particularly noteworthy in light of the constrained financial climate of the past year. Milestone holds a strong leadership position for open platform Video Management Software (VMS) with 10 percent market share. In the category of software-only VMS vendors, Milestone increased its market share from 19.5 percent to 25.8 percent.

“Milestone Systems continued to grow extremely fast and strong in 2008 with an increase in revenue of 42 percent compared to 2007. Relating this to the general market growth of 29 percent during that period indicates how Milestone has significantly surpassed the competition again,” said Lars Thinggaard, President and CEO at Milestone Systems.

The recession has affected some markets more than others, which is always a challenge for international companies. Milestone software is sold through authorized partners in 107 countries and has its own offices in 11 of these. The expanding Milestone eco-system includes well-developed partner programs with training and certifications, solution partner integrations, and alliance manufacturer support.

“The patterns of growth in the surveillance market are very different from previous years due to the tough financial conditions. For a global company like Milestone, fluctuating conversion rates are closely watched, and we strictly control our cash flow while making focused investments that position us to continue to do well in the future,” Thinggaard said. “The external investment from Index Ventures in July of 2008 further strengthened the foundation that helps maintain momentum in our strategic growth plans."

"Despite current economic woes, Milestone has continued to grow healthily and increase its market share. As the global leading open video management software vendor by market share, Milestone is well positioned to build on its success through 2009 and into 2010 as market conditions improve," said Alastair Hayfield, senior market research analyst at IMS Research.

The IMS report shows that a very large percentage of market revenues in 2008 were accounted for by open platform solutions, indicating the underlying trend toward open platforms. They estimate that by 2013 these will account for the majority of market revenues, due to the fact that ‘open platform solutions offer far superior functionality and scope for integration than proprietary systems do.’

The Milestone Systems open platform provides a well-documented Software Development Kit which has garnered Systems Integrators and Milestone Solution Partners internationally: more tha 150 integrated solutions with Milestone XProtect™ IP video software exist today, providing seamless interoperability with access control, Point-of-Sales, analytics, biometrics, lighting or gate controls, alarms, fire alerts, baggage claims, production systems, and more.

IMS Research reports are based on comprehensive 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.

Featured

  • Report: Cybercriminals Abandon Tech Tricks for Personalized Email Deception Tactics

    VIPRE Security Group, a cybersecurity, privacy, and data protection company, has released its email threat landscape report for Q2 2025. Through an examination of worldwide real-world data, this report sounds the alarm on the most significant email security trends observed in the second quarter of 2025, enabling organizations to develop effective email security defenses for the remainder of the year. Read Now

  • AI-Generated Code Poses Major Security Risks in Nearly Half of All Development Tasks

    Veracode, a provider of application risk management, recently unveiled its 2025 GenAI Code Security Report, revealing critical security flaws in AI-generated code. The study analyzed 80 curated coding tasks across more than 100 large language models (LLMs), revealing that while AI produces functional code, it introduces security vulnerabilities in 45 percent of cases. Read Now

  • Unlocking the Possibilities

    Security needs continue to evolve and end users are under pressure to address emerging risks and safety concerns. For many, that focus starts with upgrading perimeter openings and layering technologies—beginning at the door. Read Now

  • Freedom of Choice

    In today's security landscape, we are witnessing a fundamental transformation in how organizations manage digital evidence. Law enforcement agencies, campus security teams, and large facility operators face increasingly complex challenges with expanding video data, tightening budget constraints and inflexible systems that limit innovation. Read Now

  • Accelerating a Pathway

    There is a new trend touting the transformational qualities of AI’s ability to deliver actionable data and predictive analysis that in many instances, seems to be a bit of an overpromise. The reality is that very few solutions in the cyber-physical security (CPS) space live up to this high expectation with the one exception being the new generation of Physical Identity and Access Management (PIAM) software – herein recategorized as PIAM+. Read Now

Most   Popular

New Products

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.