Genetec ranked No. 1 VMS vendor in North America by IMS
According to an industry report recently published by IMS Research, Genetec was the leading vendor of Video Management Software (VMS) in the Americas in 2011. Additionally, IMS' World Market for CCTV and Video Surveillance – 2012 Edition report, shows that Genetec rose into the top-three vendors in the EMEA territory, and maintained its position as the world’s second largest VMS vendor (the top spot is occupied by Milestone).
“Genetec’s rise to become the leading vendor of VMS in the Americas market in 2011 is particularly noteworthy as the former No. 1 had previously occupied the position for three consecutive years,” says Gary Wong, senior analyst at IMS Research.
In 2011, Genetec’s overall VMS revenue grew 33 per cent worldwide. Revenue increased across all regions with a 37.3 per cent increase in the Americas, 20 per cent in EMEA, and 40 per cent in the APAC region. The company says it achieved a 74 per cent overall revenue increase for its VMS business between 2009 and 2011.
“Last year, we solidified and secured our leadership position in the Americas, which represents the world’s largest market for VMS. We helped customers of all sizes in the retail, transportation and government sectors realize the benefits of a truly integrated security platform. Building on our successes in our home territory, we are now expanding our leadership into other markets to take advantage of a growing demand for easily scalable systems that allow customers to focus on their jobs and not software integration,” explains Genetec’s CEO Pierre Racz.
In its report, IMS also forecasts that the world market for video surveillance equipment will grow in excess of 12 per cent in 2012.
“We are currently undertaking a significant expansion of our EMEA, APAC and Latin American operations to support strong market growth and enhance customer support. We have recently expanded our offices in Paris and Dubai with state-of-the-art training facilities and hi-tech solutions centers, opened new subsidiaries in the U.K. and Brazil, and expanded our footprint in Mexico. With our talented and dedicated employees and partners around the world, our new facilities, and our continued investment in technological innovation, there are no limits to the road ahead,” says Racz.