Milestone Systems and Genetec Enjoy Joint No 1 VMS Ranking in 2012

Milestone Systems and Genetec Enjoy Joint No 1 VMS Ranking in 2012

Milestone Systems and Genetec Enjoy Joint No 1 VMS Ranking in 2012Milestone Systems and Milestone Systems and Genetec Enjoy Joint No 1 VMS Ranking in 2012Genetec last year were evenly matched as the top suppliers of video management software (VMS) in a market worth more than half a billion dollars, according to a new report on video surveillance equipment from IMS Research, now part of IHS Inc.   

The global VMS market for CCTV and video surveillance was valued at more than $650 million in 2012, with forecasts projecting revenue to hit north of $1.6 billion by 2017. All three geographic regions representing the Americas, Asia and the collective Europe-Middle East-Africa (EMEA) territory will exhibit strong, double-digit expansion during the next five years. Asia, driven largely by China, will be the fastest-growing area for VMS.

“While ranking of the Top 4 suppliers remained unchanged, last year marked the first time that the No. 1 spot was held concurrently by two entities,” said Jon Cropley, principal analyst for video surveillance at IHS and author of the report from which these findings were taken. “Milestone Systems, which had held the pinnacle position since the VMS category was added to the IHS video surveillance reports in 2004, retained the largest market share in EMEA, but rival Genetec was the top performer in the Americas.”

Even so, the overall VMS market remains fragmented with no single supplier possessing share greater than 10 percent. Moreover, some of the smaller suppliers—particularly those in Asia—are growing much more quickly than the market on average as noted by Cropley.

The VMS space will remain highly-competitive within the next five years, with innovative solutions and keen prices expected to be critical variables. The healthy projected growth, however, could mean rich rewards for the most successful suppliers.

The report entitled “The World Market for CCTV and Video Surveillance Equipment – 2013 edition” is available now from IHS. Readers should note that the market share estimates are based on supplier revenues from the sales of VMS software and licenses during the 2012 calendar year; shares are not calculated from software shipments or installations.

Featured

  • Allegion, Comfort Technologies Implement Mobile Credentials at the Artisan Apartment Homes in Florida

    Artisan Apartment Homes, a luxury apartment complex in Dunedin, Florida, recently transitioned from mechanical keys to electronic locks and centralized system software with support from Allegion US, a leading provider of security solutions, technology and services, and Florida-based Comfort Technologies, which specializes in deploying multifamily access control, IoT devices and software management solutions. Read Now

  • Mall of America Deploys AI-Powered Analytics to Enhance Parking Intelligence

    Mall of America®, the largest shopping and entertainment complex in North America, announced an expansion of its ongoing partnership with Axis Communications to deploy cutting-edge car-counting video analytics across more than a dozen locations. With this expansion, Mall of America (MOA) has boosted operational efficiency, improved safety and security, and enabled more informed decision-making around employee scheduling and streamlining transportation for large events. Read Now

  • Security Industry Association Launches New “askSIA” AI Tool

    The Security Industry Association (SIA) has unveiled a brand-new SIA member benefit – askSIA, a conversational AI agent designed to help users get the most out of their SIA membership, easily access SIA resources and find the latest information on SIA’s training and courses, reports and publications, events, certification offerings and more. SIA members can easily find askSIA by visiting the SIA homepage or looking for the askSIA icon in the top left of webpages. Read Now

    • Industry Events
  • Industry Embraces Mobile Access, Biometrics and AI

    A combination of evolving workplace dynamics, technology innovation and new user expectations is changing how people enter and interact with physical spaces. Access control is at the heart of these changes. Combined with biometrics and AI, mobile access control has become increasingly crucial for deploying entry solutions that are seamless, secure and adaptive to user needs. Read Now

  • Sustainable Video Solution Delivered for Landmark City of London Office Development

    An advanced, end-to-end video solution from IDIS, with a focus on reducing waste and costs, has helped a major office development in the City of London align its security with sustainability objectives. Read Now

New Products

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.

  • 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.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.