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Genetec Solidifies #1 Position In Expanding Global VMS Market, And Increases Worldwide Market Share, According To Latest Omdia Report

22 Jul 2022

Genetec Solidifies #1 Position In Expanding Global VMS Market, And Increases Worldwide Market Share, According To Latest Omdia Report
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According to the latest report from research organization Omdia, Genetec Inc., a technology provider of unified security, public safety, operations, and business intelligence solutions, continues to be recognized as the pioneer in global video surveillance software.

The scope of 2022’s report was expanded to include VSaaS (Video Surveillance as a Service) for the first time, and Genetec credits its continued market position to the development of innovative and flexible cloud solutions, and the strength of its unified security platform, Security Center.

Open and unified security platform

“Genetec takes the trust and confidence the global market has shown in our products very seriously,” said Guy Chenard, Chief Commercial Officer, Genetec.

“Our open and unified security platform underpins some of the world’s most sophisticated and demanding video management systems. Our end users, integrators, and our ecosystem of technology partners demand purposeful and reliable innovation from a trusted software developer.”

Global position

In the Americas, Genetec retained its position for the 11th consecutive year and recorded the greatest market share

In the Americas, Genetec retained its position for the 11th consecutive year and recorded the greatest market share gain over the last three years.

In EMEA, Genetec maintained its market position and in the Asia Pacific region (excluding China) the company posted significant year-on-year growth and advanced to the #2 position in this diverse market.

Privacy and cybersecurity solutions

In the Windows-based recorders category, Genetec sales growth continued to outpace the market, and the company maintained its top-two global ranking.

This reflects the company’s position in ready-to-deploy security infrastructure, fueled by an increasing need for hardened appliances that address the growing demand for solutions that offer privacy and cybersecurity by default.

Position in video surveillance software market

"Genetec was once again ranked as the largest software developer in the video surveillance software market, as well as achieving top-two ranking in worldwide Windows-based recorders sales,” said Oliver Philippou, Research Manager, Physical Security Technologies, Omdia.

“As the video surveillance software market rebounded strongly in 2021 after the impact of COVID, Genetec continued to maintain its leading global position.”

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