Axis strengthens market position: IMS research

BANGALORE,INDIA: Axis Communications, a provider in IT services, today announced that IMS Research has estimated the company’s global market share for network cameras at 33.5 percent (up from 32.0 percent the previous year) in its latest report on the security market.

The 2008 edition of the report “The World Market for CCTV & Video Surveillance Equipment” is based on the data of 2007 and contains comprehensive information on all vendors providing analogue and digital video surveillance equipment such as cameras, recording solutions and video encoders, said a press release.

Axis is positioned as number six in the world in the category - vendors providing surveillance equipment - during 2007 compared with number eight in the preceding report, it added.

In the security cameras category, including analogue as well as network cameras, Axis is ranked as number three in the world, compared with number four in the preceding report. IMS Research forecasts a strong long-term growth for network video products with an average yearly growth of 35 percent the coming five years, it said.

“The IMS report once again confirms our strong position as global market leader, where we have further strengthened our position on the network video market; a market with continued positive long-term growth potential ”, says Ray Mauritsson, president of Axis Communications.

Axis focuses on the professional segment of the network video market with customers in the education, transportation, government, retail, banking and industrial segments, the release added.