Genetec “solidifies global leadership position” in latest Omdia report

In the Americas market, access control software has evolved beyond the Physical Security Department to become an essential component of business operations. According to the Omdia report, this broader adoption has increased demand for unified security platforms that allow organisations to manage systems – such as access control, video surveillance and intrusion detection – through a single interface.

By anticipating market needs for access control innovation, Genetec continues to expand its market share, growing at a 28% CAGR over the past six years.

“While many legacy access control vendors rely on acquisitions to expand their market share, Genetec has achieved rapid organic growth through innovation and investment in new technologies,” explained Christian Morin, vice-president of product engineering at Genetec.

Morin continued: “Over the last year, we’ve introduced Security Center SaaS, HID Mercury Security MP controllers, Axis Powered by Genetec and an I/O module in partnership with STid as part of our European high assurance access control system offer. This demonstrates our commitment to expanding our access control portfolio through innovation and partnerships, in turn paving the way for future growth.”

Fragmented EMEA market

In what remains a highly fragmented EMEA market, Genetec remains among the Top 10 access control software providers by focusing on open architecture systems that allow end users to integrate components from different vendors.

Omdia also reports that end users in the region prefer open systems that offer flexibility and the potential for ‘customisation’. This further supports the company’s strategy of providing adaptable solutions tailored to the region (as evidenced by its partnership with STid).

In the Asia-Pacific region (excluding China), Genetec continues to rapidly expand its market share, reaching the sixth position in the ‘league table’ (up from tenth in 2021).

As enterprise users and multinational corporations modernise their access control infrastructure, they seek feature-rich, cyber-secure systems with strong integration capabilities. An open -architecture solution, such as the Genetec access control solution, allows organisations to secure assets and people, enhance business operations and easily upgrade technology at their own pace.

Hybrid cloud

The Omdia report indicates that the access control market is increasingly adopting hybrid cloud deployments. Genetec is at the forefront of this change.

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 supports hybrid or full cloud deployments, allowing organisations to move components and sites to the cloud based on their needs and requirements at their own pace.

Due to the fact that Genetec’s solutions are based on an open platform architecture, end users choose the access control devices that best suits their needs, while also preserving their existing investments.

In addition to its success in access control, Genetec has retained its leading global position in the VMS market, while also ranking first in the combined Video Management Software (VMS) and Video Surveillance-as-a-Service (VSaaS) market. That’s according to Omdia’s recently released 2024 Video Surveillance and Analytics Database Report.

*Further information is available online at www.genetec.com