Omdia 2024 report: Genetec has expanded its access control market share
Eve Goode
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According to Omdia’s 2024 Access Control Report, Genetec has consistently gained market share over the last six years, building upon its number two global position for access control software.
In the Americas market, access control software has evolved beyond the physical security department to become an essential component of business operations.
According to the Omdia report, this broader adoption has increased demand for unified security platforms through a single interface that allow organisations to manage systems including:
- Access control
- Video surveillance
- Intrusion detection
By anticipating market needs for access control innovation, Genetec has continued to expand its market share, growing at a 28% CAGR over the past six years.
“Rapid organic growth”
Christian Morin, Vice President of Product Engineering, Genetec commented: “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,”.
“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 concluded: “This demonstrates our commitment to expanding our access control portfolio through innovation and partnerships, paving the way for future growth.”
Flexibility and customisation
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.
In the Asia-Pacific region (excluding China), Genetec continues to rapidly expand its market share, reaching number 6 position (up from number 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.
Openness
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.
Security Centre SaaS is a physical security solution that brings Genetec‘s access control and video management to the cloud.
Security Center 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.
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.
Genetec’s achievements
According to Omdia’s recently released 2024 Video Surveillance & Analytics Database Report, along with its success in access control, Genetec has also retained its:
- Number one global position in the VMS market
- Number One in the combined Video Management Software (VMS) and Video Surveillance as a Service (VSaaS) market
