SCS Distribution, local distributor of Axis Communications, announced today that leading electronics research firm IMS Research has recognised Axis Communications as the clear market leader in the fast-growing EMEA network video market.
In a recent report, IMS Research predicted a continued strong development for IP-based network video products in the EMEA region. Estimated average annual market growth rates for the coming five years are expected to be 28.4% for network cameras and 30.3% for video servers.
IMS Research, known for its high quality market research, estimated in its report that the EMEA market for network cameras and video servers is expected to grow to EUR 151.1 million in 2008.
The report, titled "The EMEA market for CCTV and Video Surveillance Equipment", also ranked Axis as number 13 in the overall market share estimates for CCTV and video surveillance solutions, including analogue CCTV equipment. This is yet another strong indication of the growth in IP-based solutions. Just a few years ago, digital solutions in total represented about 2% of the total market. Today Axis, by itself, represents 2.4% of the overall CCTV and video surveillance market in EMEA.
Looking at the network video market, Axis stands out as the undisputed market leader. In the network camera segment, the report found that Axis has a 59.8% market share. In the video server segment, Axis is also recognised as the clear leader with a market share of 35.4%, well ahead of its nearest competitor.
The report from IMS Research is based on interviews with more than 50 companies in the industry and on data and statistics derived from relevant news sources, annual reports and the Internet.
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Axis increases the value of network solutions. The company is an innovative market leader in network video and print servers. Axis` products and solutions are focused on applications such as security surveillance, remote monitoring and document management. The products are based on in-house developed chip technology, which is also sold to third-parties.
Axis was founded in 1984 and is listed on the Stockholmsb"orsen (XSSE: AXIS). Axis operates globally with offices in 14 countries and in cooperation with distributors, system integrators and OEM partners in 70 countries. Markets outside Sweden account for more than 95% of sales. Information about Axis can be found at www.axis.com.
IMS Research
IMS Research is a leading market research provider to the global electronics industry. Founded in the late 1980s IMS has established a reputation for providing reliable, highly detailed market data. IMS`s research portfolio extends to areas such as semiconductors, industrial, electronic security, communications, automotive, consumer and power electronics. Further information can be found at www.imsresearch.com.