Axis Communications, the global leader in the network video market¹ has reached a milestone in its business. The company has now delivered one million network cameras since the first camera was launched 11 years ago. The market is showing increasing interest in network video products for various security installations. In the first half of 2007, the company increased its sales in the video product segment by more than 40 percent.
The market for network video products is growing about 40 percent annually. Earlier closed-circuit systems are giving way to open systems that can be fully integrated – as with Axis’ network systems. Scalability, remote access, and cost effectiveness are some of the benefits of installing a network video system.
“The huge interest in network video products and our position as the technical and market leader have greatly contributed to the development of the company the last years. We are proud of having achieved one million supplied cameras and thankful for the trust our customers have shown in us,” says Gilles Ortega, Country Manager, of Axis Communications, MENA.
“The transition from analog to digital technology is continuing in all customer segments and our customer projects are increasing in scope. This is true of installations in the train stations, schools, stores and airports worldwide,” added Ortega.
Since the launch of the first network camera, the AXIS 200, in 1996, Axis Communications has introduced a large number of network cameras and currently has the markets broadest product portfolio. Today, development focuses on solutions such as intelligent video, which offers the possibility to recognize unexpected events or movement.
The company devotes considerable resources to research and development – last year, Axis invested US$ 24.6 million and 160 people worked with R&D.
Notes to editors:
¹Axis Communications is the global market leader of the network video market. The world market for network cameras alone will be worth more than $1 billion by 2010. The network camera market is set to have a CAGR of close to 38 percent per year over the next five years to reach a value of $1.3 billion by 2010, according to industry analyst house IMS Research (www.imsresearch.com) in its latest market report entitled ‘The World Market for CCTV and Video Surveillance Equipment 2006 Edition’ published in October 2006.
About Axis
Axis is an IT company offering network video solutions for professional installations. The company is the global market leader in network video, driving the ongoing shift from analogue to digital video surveillance. Axis products and solutions focus on security surveillance and remote monitoring and are based on innovative, open technology platforms.
Axis is a Swedish-based company, operating worldwide with offices in 18 countries and cooperating with partners in more than 70 countries. Founded in 1984, Axis is listed on OMX Nordic Exchange, Large Cap and Information Technology. For more information about Axis, please visit our website at www.axis.com
