IMS Research recently released a new study ranking video management systems providers, with Genetec taking the top spot.
According to IMS Research Senior Analyst Gary Wong, the top five companies providing video management software in the Americas (based on revenues for 2011, the most recent data set available) are the following: 1. Genetec; 2. OnSSI; 3. Milestone Systems; 4. Verint Systems; and 5. NICE Systems.
Genetec provides security management systems for both video surveillance and access control. The report, which looked at 2011 sales data, put Genetec as first in the Americas for the first time, and also indicated that the company is now in the top three among VMS vendors in the EMEA region. IMS Research, which was recently bought by Colorado-based HIS, also places Genetec as the second largest VMS vendor in the world.
Despite Genetec's gains in the Americas market, a report released less than one month ago indicated that Milestone Systems outsells Genetec globally.
“Milestone Systems has retained the number one global position in the VMS software category in 2011. In addition to maintaining its position as the leading vendor of VMS, Milestone also grew faster than the total VMS market in 2011, recording 22 percent year-over-year revenue growth versus approximately 17 percent market growth last year,” said Wong.
While they haven't taken the global market leadership position, Genetec's CEO Pierre Racz said that leading the Americas market was important because the Americas rates as the largest global market for video management software. The firm has won some large contracts over the years, including the video surveillance platform for the City of Chicago's Office of Emergency Management and Communications (OEMC). Racz added that the company has had to make changes to support the growth, including office expansions around the world.