Novaira Insights releases its latest report, “The World Market for Video Surveillance Hardware and Software – 2022 edition”. A new report from Novaira Insights reveals that the global video surveillance market grew 16.4% in 2021 as restrictions on movement due to the COVID-19 pandemic eased. The report, “The world market for video surveillance hardware and software” shows that shipments of surveillance cameras and related equipment grew as pent-up demand was served. However, there was a shortage of components used for production of video surveillance equipment in 2021 and this led to higher prices for those components.
According to latest research from its video surveillance and analytics intelligence service Omdia, Genetec continues to build its position as the world’s number one developer of video surveillance software with a widening share of the market. Overall, Genetec grew at three times the pace of the market and demonstrated the fastest growth of all leading software companies across all geographies based on Omdia reported 2018 and 2019 data.
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.