Axis Communications continues to hold a global market-leading position in network video, according to two new independent market research reports.

"We continue to strengthen our presence in the Americas and EMEA. We are committed to our long-term strategy of continuously releasing innovative network video products and offering intelligent security solutions in a global market together with our partners," says Ray Mauritsson, President of Axis Communications.

In the Americas and EMEA regions, Axis maintains its leading market share position in security cameras, network cameras and video encoders, according to the latest analysis from the IHS Technology Video Surveillance Intelligence Service.

Due to the convergence from analog to digital installations, Axis has increased its security camera market share in the Americas and EMEA regions and strengthened its leading position in relation to the second ranked vendor.

The network video market will grow by 22 percent annually until 2018, according to IHS.

TSR estimates the network video market growth to be 16 percent yearly until 2017.

"Both reports highlight the growth in the global network camera market and clearly show that interest in network camera installations is increasing. The range of predicted growth corresponds well with our current view of the global market" says Ray Mauritsson.

IHS is a leading source of information, insight and analytics in critical areas that shape today’s business landscape. The IHS Technology Video Surveillance Intelligence Service affords comprehensive global analysis including market share reporting as well as equipment and market forecasts.