Eager to strengthen its market share in the growing industry, the Japanese giant has made an offer to buy all shares of Swedish network video surveillance leader, Axis. Should the deal go through, it will be Canon’s biggest purchase to date.

This move is a natural step forward after Canon purchased Milestone Systems, a company providing video management software in the network video surveillance business, in June 2014.

Canon is not the only well known camera manufacturer to enter the field of video surveillance, with several dominant brands also looking to diversify their income streams.

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