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Canon Ups Video Surveillance Portfolio with Acquisition

10 February 2015

Canon announced a public offer Tuesday (Feb. 10) to acquire Axis Communications. Axis is one of the world’s largest suppliers of video surveillance equipment.

This is a massive development in the video surveillance equipment market. Until last year, Canon was a small player in this market. However, back in August 2013, it revealed big ambitions when its CEO, Fujio Mitari, spoke about security cameras becoming an “important pillar” for the company and the market having “limitless possibilities for growth”. Then in June 2014, Canon acquired the world’s largest supplier of video management software, Milestone Systems. Now, Canon is purchasing the world’s largest supplier of network cameras. All of this shows just how seriously Canon is about expanding its interests in the video surveillance equipment market.

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Questions or comments on this story? Contact dylan.mcgrath@ihs.com

Related links:

IHS Industrial, Security & Medical Technology

News articles:

Video Surveillance Market to Reach $23.6 Billion by 2018

Consumer Video Surveillance Market to Top $1 Billion

LCD Videowall Market in China Gets Big Boost from Government

Google Launches Smart Home IoT Protocol

Microsemi Provices Rugged Self-Encrypted Solid State Drive for High Capacity Apps



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