According to a recent report published by business intelligence provider IHS Markit, Genetec Inc., a globally renowned technology provider of unified security, public safety, operations, and business intelligence solutions, was named the world’s number one vendor of Video Management Systems (VMS).
IHS Markit-reported results from 2015-2018 also point to the company sustaining a 24.1% CAGR (compound annual growth rate) for the past 3 years in this category.
Back-end video surveillance equipment major
In the Americas, Genetec remains one of the top VMS manufacturers by a wide margin for the eight year in a row, with an 18.3% share of this US$ 601 million market. Genetec has also taken the number one position in the US$ 1.7 billion market for back-end video surveillance equipment in the Americas.
In the rest of the world, Genetec grew its VMS revenue at a fast rate. In EMEA, Genetec revenues grew by 20.5% in 2018, while in APAC (excluding China), Genetec grew its revenues by 22.5%.
IP-based physical security solutions manufacturer
Our independence and single-mindedness have helped us earn the trust of enterprise and government users"
"As a privately owned, independent manufacturer of IP-based physical security solutions, we reinvest a much higher proportion of our annual top-line revenue into R&D than most," states Pierre Racz, President, Genetec Inc.
Pierre adds, "Our independence and single-mindedness have helped us earn the trust of enterprise and government users. We want to delight the customer. Circumstances have propelled us to be outspoken about privacy and cyber-security."
Integrating sensors and systems
"These factors, along with good-fortune, strong partnerships and a great team, are some of the factors that explain the appeal of our solutions," explains Racz, adding "We will continue to lower the friction with which our customers integrate new sensors and other systems into the decision-making of their operations."
According to IHS Markit (2017 Video Surveillance Market Share Database, 2017 Access Control Intelligence Database, and 2018 ANPR & Detection Sensors Report), Genetec is the only security and public safety solutions developer to hold the top-10 global rankings across all physical security industry sectors, including video management software (VMS), access control software, and automatic license plate recognition (ALPR) software.