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Genetec ranked as top developer of video surveillance software: report


June 23, 2020
By SP&T Staff
SP&T Staff

According to research from Omdia, Genetec Inc. continues to build its position as a respected developer of video surveillance software with a widening share of the market. Overall, Genetec grew at three times the pace of the market and demonstrated the fastest growth of leading* software companies across all geographies (based on Omdia reported 2018 and 2019 data).

“Genetec is encouraged by this news but we remind ourselves that the true measure of success is not to be found in market share figures but whether or not our partners and customers feel like we have delivered against the service levels and outcomes they expect,” stated Pierre Racz, President, Genetec Inc. in a company statement.  “Our independence and single-mindedness have helped us earn the trust of the market, and our investment in research and development have helped us deliver products at the cutting edge of client needs.”

Enterprise, government, education, and public safety organizations are seeking greater privacy and cybersecurity functionality, as well as additional operational value and return on investment from their physical security systems.

“The Genetec share of the global video surveillance software market continues to grow year on year,” said Jon Cropley principal analyst, video surveillance at Omdia in a statement. “The company reported high growth in all regions including in EMEA where, in spite of a slower market that contracted by over 3 per cent, Genetec revenues increased by 19 per cent.”

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Comparing Year-on-Year Omdia Research Statistics (2018 to 2019):

  • Genetec increased its lead as #1 video surveillance software in the world, with 11.9% market share (up from 10.6 per cent in 2018)
  • Genetec global market share growth increased 18.7% year on year, from 10.6% in 2018 to 11.9% in 2019
  • Genetec saw the fastest growth of the ten largest vendors in EMEA at 19% in 2019
  • Genetec posted Asia’s highest video surveillance software growth at 37%, compared to 11.1% growth for the market in general

*as measured against the top-five video surveillance software manufacturers per region, listed in Omdia’s most recent research report.