Novaira Insights
Genetec Retains World Leader Position in Video Management Software, Analysts Confirm
Genetec announced that it has once again been recognized as the world leader in video management software (VMS) by two leading industry analysts, Omdia and Novaira Insights. According to Omdia’s 2024 Video Surveillance & Analytics Database Report, Genetec has retained its #1 global position in the VMS market while also ranking #1 globally in the combined Video Management Software (VMS) and Video Surveillance as a Service (VSaaS) market.
Video Surveillance Market Bounces Back
Novaira Insights releases its latest report, ?The World Market for Video Surveillance Hardware and Software ? 2022 edition?. A new report from Novaira Insights reveals that the global video surveillance market grew 16.4% in 2021 as restrictions on movement due to the COVID-19 pandemic eased. The report, ?The world market for video surveillance hardware and software? shows that shipments of surveillance cameras and related equipment grew as pent-up demand was served. However, there was a shortage of components used for production of video surveillance equipment in 2021 and this led to higher prices for those components.
The Big 3 Suppliers of Video Surveillance Software
Genetec, Milestone Systems and Motorola Solutions have grown to become the ?big 3? suppliers of video surveillance software, video analytics and managed services. According to a new report from Novaira Insights, the global market for video surveillance software and managed services was worth $2.2 billion in 2020 with around 69% of this outside China. However, the supply base outside China is very different to that of the Chinese domestic market.