Genetec, a global leader in enterprise physical security software, has consistently gained market share over the last six years, solidifying its position and building upon its #2 global position for access control software.

 

This is according to the 2024 Access Control report by Omdia.

 

In the Americas market, access control software has evolved beyond the physical security department to become an essential component of business operations. 

 

Unified security platforms

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,” said Christian Morin, Vice President of Product Engineering, Genetec. 

 

“Over the last year, we introduced Security Centre 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 offering. This demonstrates our commitment to expanding our access control portfolio through innovation and partnerships, paving the way for future growth.”

 

In a highly fragmented EMEA market, Genetec remains among the top 10 access control software providers by focusing on open architecture systems that allow users to integrate components from different vendors. Omdia also reports that end users in the region prefer open systems that offer flexibility and customisation. This further supports the company’s strategy to provide adaptable solutions tailored to the region, as evidenced by its partnership with STid.

 

Expanding market share

In the Asia-Pacific region (excluding China), Genetec continues to rapidly expand its market share, reaching #6 position (up from #10 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.

 

The Omdia report also indicates that the access control market is increasingly adopting hybrid cloud deployments. Genetec is at the forefront of this change. Security Centre SaaS is a physical security solution that brings the power of Genetec access control and video management to the cloud. 

 

Security Centre SaaS 

Security Centre 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. Because Genetec solutions are based on an open platform architecture, users choose the access control devices that best suit their needs while also preserving their existing investments.  

 

In addition to its success in access control, Genetec has retained its #1 global position in the VMS market while also ranking #1 in the combined Video Management Software (VMS) and Video Surveillance as a Service (VSaaS) market, according to Omdia’s recently released 2024 Video Surveillance & Analytics Database Report.--TradeArabia News Service