International. Consulting firm Omdia noted that Genetec Inc. has steadily strengthened its position over the past six years, cementing its position as the world's number two in access control software.
In the Americas market, access control software has evolved beyond the physical security department to become an essential component of business operations. According to Omdia's report, this wider adoption has increased the demand for unified security platforms that allow organizations to manage systems (such as access control, video surveillance, and intrusion detection) through a single interface. Anticipating market needs, Genetec continues to expand its market share, growing at a CAGR of 28% over the past six years.
"While many traditional access control vendors rely on acquisitions to expand their market share, Genetec has achieved rapid organic growth through innovation and investment in new technologies," said Christian Morin, vice president of Product Engineering at Genetec Inc. "Over the past year, we introduced Security Center SaaS, HID Mercury Security MP controllers, Axis Powered by Genetec and, as part of our offering of high-security access control systems in Europe, an I/O module in partnership with STid. This demonstrates our commitment to expanding our access control portfolio through innovation and partnerships, paving the way for future growth," added Morin.
The Omdia report also indicates that the access control market is increasingly adopting hybrid cloud deployments. Security Center SaaS is a physical security solution that brings the power of Genetec access control and video management to the cloud. Security Center SaaS enables hybrid or fully cloud deployments, allowing organizations to move components and sites to the cloud as per their needs and requirements at their own pace.
Because Genetec solutions are built on an open platform architecture, users choose the access control devices that best suit their needs while preserving their existing investments.
In addition to its success in access control, Genetec has maintained its number one global position in the VMS market and also holds the top spot in the combined video management software (VMS) and video surveillance as a service (VSaaS) market, as recently published by Omdia.
