. For the sixth consecutive year, IMS Research ranked Milestone Systems as a leading global provider in the category of open platform IP management systems, in the report "The Global Market for CCTV and Video Surveillance Equipment – 2010 Edition".This report reflects the growth patterns in the surveillance industry, which are determined by the competition of supply in regional areas. Milestone sets the tone in this trend with its Xprotect Essential product, which creates advanced surveillance capability, for up to five users at the same time and 26 cameras, at a very competitive price.
Gary Wong, research analyst at IMS explained that "despite the complex economic environment, Milestone continued its growth in 2009, strengthening in the market and building its own success as the market begins to recover," to which Lars Thingaard, President and CEO of Milestone added, "We are well positioned for continued growth. We expanded again this year with the addition of new talent to our staff."
The global analog surveillance video market decreased by more than 5% in 2009, on the contrary, the network surveillance market increased by more than 18% in the same period.
