March Networks® (TSX: MN), a global provider of intelligent IP video solutions, today announced it is the #1 provider of enterprise digital video recorders (DVRs) in the Americas according to data from IMS Research in its report “The Americas Market for CCTV and Video Surveillance Equipment – 2011 Edition”.
“This IMS ranking underscores our momentum in the market and highlights how we have been able to gain market share while delivering record revenue in both our recent fourth quarter and fiscal year,” said Peter Strom, President and Chief Executive Officer, March Networks. “Our market leadership is a result of consistently delivering on the needs of our global customers. The March Networks line of hybrid NVRs offers unparalleled video management software, exceptional reliability, and the scalability and centralized management enterprises require.”
“IMS Research forecast that the total market for video surveillance equipment in the Americas will grow to almost $5.5 billion in 2015, with many large enterprise organizations transitioning to IP video systems in that period,” said Gary Wong, the IMS Research analyst leading the report. “The hybrid DVR market is anticipated to grow in-excess of 30 percent per year over the next five years, and these systems provide a solution for customers who have analog cameras today and intend to move to IP in the future.”
March Networks solutions are used by more than 400 financial institutions and support one of the world’s largest video surveillance installations. In addition to the company’s industry-leading hybrid DVRs, its comprehensive portfolio includes web-based March Networks Command™ video management software, high-definition IP cameras, encoders and a portfolio of advanced video analytics.
With a global installed base that today exceeds one million channels of video, the company continues to expand across geographies. Most recently, it announced a partnership with Milcon Gulf Group to increase business in Southeast Asia, as well as a distribution agreement with ScanSource Security to provide security dealers across North America with its products.