AUSTIN, Texas — IMS Research has named IP security solutions provider Genetec as the leading vendor of video management software (VMS) in the Americas in 2011.
In the report titled, “World Market for CCTV and Video Surveillance — 2012 Edition,” the research firm notes that Genetec also rose into the top-three vendors in the Europe, Middle East and Africa (EMEA) territory. The company has also maintained its position as the world’s second largest VMS vendor.
“Genetec’s rise to become the leading vendor of VMS in the Americas market in 2011 is particularly noteworthy as the former number one had previously occupied the position for three consecutive years,” commented Gary Wong, senior analyst at IMS Research.
In 2011, Genetec’s overall VMS revenue grew 33% worldwide. Revenue increased significantly across all regions with a 37.3% increase in the Americas, 20% in EMEA, and 40% in the Asia-Pacific (APAC) region. These figures confirm the company’s continued year on year growth trend with a 74% overall revenue increase for its VMS business between 2009 and 2011, according to the research firm.
“Last year, we solidified and secured our leadership position in the Americas, which represents the world’s largest market for VMS,” Genetec’s CEO Pierre Racz says. “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.”
IMS based the results on revenues for 2011, the most current data available. The top five companies providing VMS software in the Americas include:
- Milestone Systems
- Verint Systems
- NICE Systems
The research firm also forecasts that the world market for video surveillance equipment will grow in excess of 12% in 2012.