Omdia report shows market growth for Genetec
As noted in a recent press release from Genetec, research firm Omdia has ranked the Montreal-based company as the global market share leader.
According to its Video Surveillance & Analytics Market Share Database – 2021 report, Omdia recognized Genetec as the world leader (excluding China) in VMS with a 17.4% market share, up from 16.0% last year.
The company says it credits its continued growth to the strength of its unified security platform, Security Center, recurring revenue from its enterprise cloud solutions, as well as a resolute focus on cybersecurity and privacy.
“While the global market for video surveillance software was flat in 2020, Genetec demonstrated a continued and sustained upward growth trend,” said Oliver Philippou, Research Manager, Physical Security Technologies, Omdia, in a statement. “Genetec was once again ranked as the number one developer in the video surveillance software market, as well as achieving top-two rank in worldwide Windows-based recorders sales.”