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Axis Communications Reports IMS ResearchMay 22, 2012 (Close-Up Media via COMTEX) -- Axis Communications, a provider of network video surveillance, announced that it has overtaken the number one global manufacturer position for all surveillance cameras - including IP-based and analog providers - according to the latest IMS Research report. "The video surveillance industry - despite the impression often painted on TV and in the movies - is one of the last holdouts to fully embrace the digital age," said Fredrik Nilsson, general manager, North America, Axis Communications, in a release. "But the fact that an all-IP provider is now the number one manufacturer of all surveillance cameras worldwide is a sure fire sign that the analog to digital shift in video surveillance is upon us. The numbers for the North American market are even more promising." "The report confirms our own estimates of gained market shares last year, where we presented a growth of 33 percent," said Ray Mauritsson, president and CEO, Axis Communications. "We further strengthened our position by continuing our strategy, which is based on the three cornerstones: launch of innovative network video products, a well-developed partner network and global expansion." According to IMS Research, network camera sales are forecast to account for approximately 60 percent of total worldwide surveillance camera sales by 2016, compared to approximately 40 percent in 2011. "In line with our own predictions, IMS Research forecasts strong, long term growth for network video products with an average yearly growth of 25 percent in the coming years," said Mauritsson. The 2012 edition of the annual IMS Research report, The World Market for CCTV and Video Surveillance Equipment, is based on reported data for 2011 and contains information on all vendors providing analog and digital video surveillance equipment, such as cameras, recording solutions and video encoders. ((Comments on this story may be sent to [email protected])) |