Genetec named as world’s number one vendor of VMS
According to a recent report published by business intelligence provider IHS Markit, Genetec has been named as the world’s number one Video Management Systems (VMS) vendor. The reported pointed out that the company experienced a sustaining a 24.1% CAGR from 2015-2018 in this category.
In the Americas, Genetec remains the leading VMS manufacturer by a wide margin for eight consecutive years, with an 18.3% share of this $4.1 billion market. Genetec has also taken the number one position in the $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%.
“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. “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.”
“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. “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 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.