"Videonetics Achieves Number 1 Position as Video Management Software Provider in India unveils IHS Markit Report 2019"

Top Quote Videonetics achieves No. 1 position as VMS provider in India Market according to IHS Markit Report 2019. As the youngest and the only Indian VMS provider in the top 5 listings, it has a dominant market share of 36%. End Quote
  • (1888PressRelease) November 22, 2019 - Videonetics, the World-leading Visual Computing Platform Development Company, announced that it has achieved No. 1 position as video management software provider in India with the dominant market share of 36.1%, according to a recently released report by IHS Markit (NYSE: INFO). Videonetics market share is more than the aggregate of the total market share of 2nd to 4th ranked VMS providers, which is a huge achievement and a testimony of its undisputed leadership in the VMS segment. Videonetics is also the youngest and the only Indian VMS provider in the top 5 listings. Recently, Videonetics was also ranked amongst the top 5 VMS providers in the Asia market with a market share of 5.4%. IHS Markit is a world leader in critical information, analytics, and expertise to forge solutions for the major industries and markets that drive economies worldwide. Rankings are adjudged using a robust rating scale and evaluated based on percentage revenue growth, competitive advantage, size and innovation capabilities over the years.

    Commenting on the achievement, Dr. Tinku Acharya, Fellow IEEE, Founder & MD, Videonetics, “It is a prestigious honor to be recognized as an industry leader in VMS by IHS Markit. This recognition validates our drive for high performance, innovation, differentiation, and scalability. Building upon our award-winning and patented AI & Deep Learning framework, we continue to achieve widespread adoption of our Unified Video Computing Platform (UVCP™), in smart & safe cities, aviation, industrial, education, BFSI, retail, healthcare sectors”, he further added.

    Mr. Avinash Trivedi, VP – Business Development, Videonetics expressed, “The findings of lHS Markit reaffirm our leadership position in the VMS market. We’ve always strived to bring more value to our partners, integrators, and customers. I would like to dedicate this achievement to them for their continued support, commitment and excellent contribution to Videonetics growth”.

    Videonetics Intelligent Video Management Software:
    Videonetics Intelligent Video Management Software (IVMS) is an open architecture, agnostic, scalable and modular video management and analytics software. IVMS provides enterprise-class features without discriminating on the size of the project and manages the video effectively, optimally and securely. IVMS offers flexible deployment environments to suit the user’s preferences and needs. IVMS is a part of Videonetics’ patented Unified Video Computing Platform (UVCP™) which brings together other applications such as AI & Deep Learning-based Video Analytics, Intelligent Traffic Management Applications and Face Recognition to address all of the video computing requirements. Built on open architecture, IVMS enables easy 3rd party integration with various subsystems such as access control, fire alarm systems, SCADA, Intrusion Detection, ICCC, C4I, and IBMS systems.

    About Videonetics:
    Videonetics Unified Video Computing PlatformTM helps you make sense of surveillance, by providing you with an end-to-end solution for a wide range of applications. The platform is powered by our Artificial Intelligence and Deep Learning engine, which is trained on humongous data sets, making our solutions incredibly robust and smart. All our products and solutions are integrated yet modular, ONVIF compliant, OS and hardware agnostic, scalable and interoperable. Videonetics has been ranked among the top video management software providers, and among the fastest-growing technology companies, in the Asia Pacific. And we remain driven by innovation and committed to making the world a safer, smarter, happier place.

    For more information, please visit www.videonetics.com

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