Genetec Inc. (“Genetec”), a technology provider of unified security, public safety, operations, and business intelligence solutions, has been named the world’s fastest-growing access control software provider for the second year in a row, according to the latest report from research organization Omdia. According to the report, Genetec is gaining market share from other access control vendors and consolidating its global number two position (up from 4th in 2019). Genetec grew the most organically in the Americas and was the fastest-growing software provider in EMEA.
The access control industry has traditionally been dominated by proprietary solutions with slow innovation cycles, providing few options for IT and cyber-security conscious customers. Modern enterprises of all sizes are looking to migrate to unified, open-architecture, and secure access control solutions that allow them to select the hardware that best meets their requirements. This has largely fueled Genetec’s rapid market share gains.
“While traditional, proprietary access control vendors were hard hit the last couple of years, Genetec grew by almost 20% globally, gaining ground in both the Americas region and in EMEA,” said Bryan Montany, Physical Security Analyst at Omdia.
Genetec attributes its success to the ongoing innovation of its unified security platform, Security Center, in which access control functions extend beyond locking and unlocking doors to address non-traditional applications such as enclosure management. Genetec unified solutions are designed to provide customers with a measurable return on investment while revealing new insights that help organizations better understand their business and operations.
“At a time when many traditional access control vendors are trying to maintain market share through mergers and acquisitions, Genetec is growing its access control business organically by focusing on innovative, nonproprietary, and cybersecure solutions that meet the needs of forward-thinking organizations, while laying the foundation for their future growth,” said Guy Chenard, Chief Commercial Officer, Genetec Inc.
Genetec’s open approach allows it to offer a large and growing selection of third-party access control devices. This enables organizations to select hardware that meets their security requirements and objectives while avoiding the long-term drawbacks of closed solutions. End users can scale up or down, broaden the capabilities of their solution, and migrate to the cloud at their own pace thanks to Genetec solutions’ open approach. Physical security is evolving from a risk-mitigation tool to a critical component of organizations’ digital transformation, thanks to unified solutions that combine access control, video surveillance, and license plate recognition.
According to a recent Omdia report, Genetec ranked first in video surveillance software for the 11th consecutive year, with the fastest market share gain over the last three years. These figures, combined with the company’s global expansion in access control software, highlight the company’s market leadership and the benefits of a unified platform.
