Omdia: Genetec Expands Access Control Market Share, Solidifies Global Position
Genetec bolsters #2 global ranking with six consecutive years of organic growth, according to the latest Omdia report.
Image courtesy of Genetec
MONTRÉAL — Global enterprise physical security software provider Genetec has “consistently gained market share over the last six years, solidifying its position as a worldwide market leader and building upon its #2 global position for access control software,” according to the 2024 Omdia Access Control report.
In the Americas market, access control software “has evolved beyond the physical security department to become an essential component of business operations,” the report says.
According to the Omdia report, this broader adoption “has increased demand for unified security platforms that allow organizations 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,” the announcement says.
“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,” says Christian Morin, vice president of product engineering, Genetec Inc., in the company announcement.
“Over the last year, we introduced Security Center 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,” he says. “This demonstrates our commitment to expanding our access control portfolio through innovation and partnerships, paving the way for future growth.”
Genetec’s Global Standings in 2024 Omdia Report
Genetec remains among the top 10 access control software providers “in a highly fragmented EMEA market 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 customization.” This “further supports the company’s strategy to provide adaptable solutions tailored to the region, as evidenced by its partnership with STid.”
In the Asia-Pacific region (excluding China), Genetec “continues to rapidly expand its market share, reaching #6 position (up from #10 in 2021),” according to the company announcement.
As enterprise users and multinational corporations modernize 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 organizations to “secure assets and people, enhance business operations, and easily upgrade technology at their own pace,” the announcement says.
The Omdia report also indicates that the access control market is “increasingly adopting hybrid cloud deployments” and Genetec “is at the forefront of this change.”
Security Center SaaS is a physical security solution that “brings the power of Genetec access control and video management to the cloud,” according to the company announcement. It supports hybrid or full cloud deployments, allowing organizations 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.
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