Genetec has become one of the world’s leading and fastest growing providers of Automatic Number Plate Recognition (ANPR) technology, according to a recently-released report by IHS Markit. According to the report “ANPR and Detector Sensors Report – 2018”, Genetec has now become a top 5 global provider of ANPR technology for surveillance applications, climbing from 10th place in 2016 to 4th place in this $453 M market.
Milestone Systems’ VMS revenue growth of 21% over 2016, compared to 8% for the overall market, led to the No. 1 Global VMS Provider ranking in the 2018 IHS Markit Market Research Report. For the 10th year in a row, Milestone Systems is the No. 1 global VMS vendor by company revenue, according to market research from business intelligence provider IHS Markit (NASDAQ: INFO). In 2017 Milestone Systems had a global VMS market share of 10.2%, an increase from 9.1% in 2016.
Milestone Systems ranked No. 1 Global VMS Provider in 2017 IHS Markit Market Research Report. Milestone Systems not only retained the number one global position but also holds the number one spot in both Europe/Middle East/Africa (EMEA) and Asia/Pacific (APAC) and ranks number three in Americas.
Information and analysis company IHS Markit has made its predictions for electronic access control for the year 2017. According to its report, the access control market will increase this year by 6.8%, exceeding $4.2 billion. The company says deeper integrations with video surveillance, business processes and IOT will ensure that access control continues to play a larger role in enterprise. IT, integration and mobility (remote connectivity) specialists are expected to see more growth as logical/physical security integrations together with remote services such as access-control-as-a-service are expected to be some of the top trends. Mobile credentials and biometrics will be two of the top hardware trends to watch.
Demand for video surveillance equipment is likely to continue growing rapidly in 2017, however, price competition will remain intense. In its complimentary whitepaper, IHS Markit forecasts the world market will grow at an annual rate of less than 7%. Competition will not make it easy for vendors to grow revenues and margins. Some will fail in this regard and further consolidation of the supply base is inevitable. However, there will be opportunities for well-placed vendors and some end-user sectors will also grow quickly. So, what will be the big stories in 2017? Get your copy of this complimentary report.