Milestone Systems has been named the top VMS provider in the world for the 10th year in a row.

According to market research carried out by business intelligence provider IHS Markit, Milestone Systems’ revenue growth tripled that of the overall market.

Milestone Systems’ revenue growth was 21% over 2016, compared to 8% for the overall market and in 2017 the company had a global VMS market share of 10.2% which was an increase from 9.1% in 2016.

“Our open platform community and partnership business model is the reason for the positive development.” Lars Thinggaard, president and CEO, Milestone Systems

The provider of open platform video management software provides solutions aimed at enabling companies to protect their assets and increase business efficiency.

Milestone Systems not only retained the number one position globally but also holds the number one spot in Europe/Middle East/Africa (EMEA), with a market share that increased to 17.1% from 14.8% in 2016.

Lars Thinggaard, President and CEO, Milestone Systems said: “We will keep investing in our partner community, focusing on new technologies within cameras, access control and video analytics. We believe in a future where video will play an even more significant role in understanding data sources from the increasing numbers of devices that connect people and assets.”

Company Logo, as the leading system integrator and perennial Milestone Gold Channel Partner, provides customers in Serbia and the region with the highest quality services with experienced engineers who possess certificates for integrating the most complex Milestone VMS solutions.