The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years. The IP Video Surveillance and VSaaS Market size is expected to reach $100.5 billion by 2023, rising at a market growth of 30.4% CAGR during the forecast period (2017 – 2023). Based on the Analysis presented in the Cardinal matrix, Canon Inc. is one of the forerunners in the IP Video Surveillance Industry.
KBV Cardinal Matrix – IP Video Surveillance and VSaaS Market Competition
Source: KBV Research Analysis, Company Publications and Secondary Research
The company has acquired Milestone Systems A/S, a Denmark based company, which operates in IP Video Surveillance landscape. Canon has also bought 76.1% Shares of Axis Communications AB, (however, this company operates as an independent entity), strengthening its market position in the IP video Surveillance industry.
Companies such as Axis Communications AB, Avigilon Corporation, D-Link Corporation are the key innovators as they have launched many products within the IP video Surveillance landscape. Panasonic Corporation was also among the top players in IP video Surveillance industry, however, recent acquisition of one of its subsidiary, Panasonic Cloud Management Service Europe B.V. (PCMSEU) by Eagle Eye Networks, Inc., affected the market positioning of Panasonic Corporation. The detailed illustration of the recent strategic developments depicted in KBV Cardinal Matrix Chart is discussed in the report.
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