Reuters reports that amid dwindling consumer camera sales, Canon intends to invest more in security camera solutions. Canon says its lens and sensor technology will position it well to shoot to the top of the sector.
IHS forecasts the global security camera market to grow by two-thirds to $23 billion by 2017. "The market is growing quite quickly, and is forecast to grow the most in Asia," said Jon Cropley, principal analyst for video surveillance at IHS. "But it's a highly fragmented and competitive market with lots of companies involved. Coming up with a unique selling point can be difficult."