In the 2013 edition of the IHS ‘World Market for CCTV and Video Surveillance’ report, Genetec also maintained its leading position in the Americas region—the world’s largest VMS market—as well as demonstrated strong double digit growth in the Latin America and Asia Pacific regions.
Genetec’s success is further validated by its 30 percent growth in 2012 of its combined product categories, including VMS, Access Control, and License Plate Recognition (LPR). This can be attributed to the Company’s successful expansion into Asia Pacific and Latin America as well as a steadfast focus on product development.
“Innovation is in our DNA,” said Pierre Racz, President & CEO of Genetec. “We believe that the key to success is to invent new technologies that will help our customers today and tomorrow. By investing over 20 percent of our revenue in R&D, we foster a strong culture of innovation. 
“From pioneering IP video, to developing the industry’s first unified security platform that combines video, access control, and license plate recognition, to bringing physical security to the Cloud, we are consistently delivering groundbreaking solutions to our industry.”