|IHS published the estimates through its Video Surveillance Intelligence Service|
Milestone Systems and Genetec remained the two largest suppliers of video management software (VMS) in 2013 in a market worth more 900 million dollars, according to recently published estimates from IHS Inc., through its Video Surveillance Intelligence Service.
The global VMS market is forecast to grow to over $3 billion in 2018 with all four major world regions analysed (EMEA, Americas, China, and Asia) exhibiting strong double-digit expansion. The Chinese market is forecast to grow fastest.
“Milestone Systems and Genetec have been the largest suppliers of VMS for the past five years. However, there have been big changes in the rankings of other top 10 suppliers,” said Jon Cropley, Principal Analyst for video surveillance at IHS. “Hikvision and Avigilon are just two companies that gained share”.
Despite this, the overall VMS market remains fragmented with no single supplier possessing share greater than 10 percent. Milestone Systems had the largest share of the global market in 2013 (it shared the top spot with Genetec the year before). Milestone also retained the largest market share in EMEA while Genetec retained the largest market share in the Americas.
The VMS space will remain highly competitive within the next five years and many big changes in the top ten market share ranking can be expected.
The Video Surveillance Intelligence Service 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 2013 calendar year; shares are not calculated from software shipments or installations.