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ioimage Acknowledged as Leader for Intelligent Video Surveillance Devices

Posted on: Tuesday, 3 November 2009, 06:00 CST

HERZLIYA, Israel, November 3 /PRNewswire/ -- ioimage, the pioneer of intelligent video appliances designed for simplicity, has been recognized for the third time running by IMS Research as the leading provider of intelligent video surveillance devices for security and business applications, with a 13.1 percent market share in 2008.

IMS Research is a leading independent supplier of market research to the electronics industry. Its latest report, titled "The World Market for CCTV and Video Surveillance Equipment - 2009 Edition", published in August, covers the Video Content Analysis market during 2008 and provides a comprehensive breakdown of the video content analysis market including statistical data by supplier, product type and geographic region up to 2014.

Despite the impact of the economic recession, IMS forecasts a growth of three percent in the world market for video surveillance equipment in 2009. According to the report, a recovery is expected in late 2010, driven by improving economies, the transition to IP, and emerging markets.

"ioimage intelligent devices have proven highly reliable over long periods of time while ensuring an extremely low false alarm rate," said Zeev Farkash, ioimage CEO. "These traits account for ioimage's continued leadership position in the growing video analytics. Our success is also due to our commitment to interoperability and to broadening the reach of video analytics, as evidenced by our strong business and technology partnerships." ioimage currently has over 100 partners and sells in more than 35 countries.

About IMS Research

IMS Research supplies market research and consultancy services on a wide range of global electronics markets. The company is supported by headquarters in Wellingborough, UK and offices in Austin, Texas and Shanghai, China. IMS Research regularly publishes detailed research on a video surveillance markets, among others. For more information, visit http://www.imsresearch.com.

About ioimage

ioimage, the pioneer of intelligent video appliances, provides high-performance video encoders and cameras with built-in video analytics, designed and packaged for simplicity. ioimage offers a new approach to video security by transforming surveillance into a proactive, event-driven process. Founded in 2000, ioimage uses edge and centralized DSP-based devices for real-time detection, alert and tracking of intruders, vehicles and other threats, leading to enhanced safety and security for government, public and commercial organizations. Recognized as the world's market leader for intelligent cameras and encoders since 2005, ioimage operates in 35 countries through a network of more than 100 partners. For further information, visit http://www.ioimage.com.

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SOURCE ioimage

Source: PR Newswire

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