Genetec was named as the world's leading vendor of VMS by IHS, the leading provider of market research and consultancy to the global electronics industry. In the 2013 edition of the IHS 'World Market for CCTV and Video Surveillance' report, Genetec also maintained its leading position in the Americas region—the world’s largest VMS market—as well as demonstrated strong double digit growth in the Latin America and Asia Pacific regions.
Genetec was named as the world's leading vendor of VMS by IHS, the leading provider of market research and consultancy to the global electronics industry. In the 2013 edition of the IHS 'World Market for CCTV and Video Surveillance' report, Genetec also maintained its leading position in the Americas region—the world's largest VMS market—as well as demonstrated strong double digit growth in the Latin America and Asia Pacific regions.
Genetec's success is further validated by its 30 percent growth in 2012 of its combined product categories, including VMS, access control, and ALPR. This can be attributed to the company's successful expansion into Asia Pacific and Latin America as well as a steadfast focus on product development.
"We believe that the key to success is to invent new technologies that will help our customers today and tomorrow,” said Pierre Racz, President & CEO of Genetec. “By investing over 20 percent of our revenue in R&D, we foster a strong culture of innovation."
Building upon its VMS leadership position, Genetec continues to achieve widespread adoption of its unified security platform, in the education, city wide surveillance, transportation, retail, gaming, parking, and law enforcement sectors.
"Because the unified security platform combines video surveillance with access control and ALPR, and integrates seamlessly with a multitude of partner technologies such as video analytics and intrusion software, Genetec can offer a stronger ROI to its customers," said Racz.
In 2012, Genetec also opened the door to new market opportunities with the launch of its cloud-based video surveillance solution powered by Windows Azure. Designed to meet the needs of small and midsized businesses, a section of the market that is currently underserved by existing VMS developers, the product offers an enterprise-grade video monitoring solution without the costs and complexities of installing and managing on-premise systems.