Genetec Ranked #1 VMS Vendor in Americas by New IMS Research Study
According to an industry report recently published by IMS Research, recently acquired by IHS (NYSE: IHS), the leading provider of market research and consultancy to the global electronics industry, Genetec was the leading vendor of Video Management Software (VMS) in the Americas in 2011. Additionally, IMS' World Market for CCTV and Video Surveillance – 2012 Edition report, shows that Genetec rose into the top-three vendors in the EMEA territory, and 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 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.
"Last year, we solidified and secured our leadership position in the Americas, which represents the world's largest market for VMS. 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," explains Genetec's CEO Pierre Racz.
In its report, IMS also forecasts that the world market for video surveillance equipment will grow in excess of 12% in 2012.
"We are currently undertaking a significant expansion of our EMEA, APAC and Latin American operations to support strong market growth and enhance customer support. We have recently expanded our offices in Paris and Dubai with state-of-the-art training facilities and hi-tech solutions centers, opened new subsidiaries in the UK and Brazil, and expanded our footprint in Mexico. With our talented and dedicated employees and partners around the world, our new facilities, and our continued investment in technological innovation, there are no limits to the road ahead," concludes Racz.