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Axis Communications AB

Company Profile Analysis

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Axis Communications AB - Semiconductor showcase

Year Founded & Workforce

1984

1,566 Employees

Industry

Semiconductor

Services

People CountersSolutions
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Axis Communications AB Employee Contacts

494 verified contactsNames, job titles, seniority and locations

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Axis Communications AB Overview

Company Global Headquarters: Sweden

Founded: 1984

Workforce: 1,566

Company Overview: Axis Communications AB (Axis) is one of the market leaders providing network video surveillance and access control solutions. The company invented the world’s first network camera in 1996 and is constantly innovating in video surveillance technology ever since. The company has 90,000 partners across around 179 countries and delivers its products and solutions worldwide. The company specializes in network cameras and offer a variety of cameras such as fixed box cameras, modular cameras, thermal cameras, and fixed dome cameras. It also offers IP-surveillance video management software solutions for offices, schools, small stores, retail, and manufacturing clients. On April 15 2015, Canon acquired 76.1% of the issued shares of Axis Communications AB, becoming its majority stakeholder. Axis serves as a single point of contact for both Axis and Canon network video products and solutions, and Axis continues to serve Canon’s customers. The company offers various solutions for industries such as banking and finance, retail, transportation, healthcare, critical infrastructure, education, and government. The company also provides facial recognition, deployable surveillance, license plate recognition, people counting, perimeter protection, and mobile surveillance. Axis leverages different technologies to focus on enhancing image usability, reliability and quality, system integration, and secure network communication.

Strategy

Axis Communications is generating new opportunities to develop products and solutions in close collaboration with its customers. This long-term strategy involves collaborating directly with the customers without compromising with their successful partners and distributors. The company’s strategy is based on three components — a global presence, sales via distributors and partners who are experts in local markets and continuous broadening, and renewal of products and solution offerings. Axis Communications uses an active patent strategy to safeguard its investments in core technology and intellectual capital.

Company Snapshot

$790.39M

Revenue

1,566

Employees

1984

Founded

SWOT Analysis

Strengths

  • Strong global market presence
  • Stronger partner network
  • Smart, innovative products and solutions
  • Strong market presence
  • Investments in R&D
  • Strong business model

Weaknesses

  • Small distribution network
  • Dependence on raw material supplier

Opportunities

  • Intelligent Video Analytics
  • Growing video analytics market
  • Focus on engagement solutions to expand business

Threats

  • Foreign currency exchange rate fluctuations
  • Intense competition
  • Intense market competition
  • Changing consumer behavior

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Key Developments

DateApproachDevelopment
––Axis Communication launched new infrared -enabled cameras at ISC West in Las Vegas. The products include AXIS Q6125-LE, AXIS M3057-PLVE & AXIS M3058-PLVE, AXIS Companion Eye mini L and AXIS Companion Bullet mini LE, AXIS P1447-LE & AXIS P1448-LE, AXIS FA3105-L, and AXIS P3717-PLE. These cameras provide efficient enhancement for video surveillance in minimum ambient lighting.
––Axis Communication introduced AXIS Q35 Series of fixed dome cameras with such as IK 10+ vandal resistance, electronic image stabilization, and extended temperature range from -58°F to 140°F. This camera offers enhanced wide dynamic range and extraordinary light sensitivity for forensic capture.

Product Offering

  • Axis Communications AB
    • People Counters
    • Solutions

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Revenue rose from USD 763 Mn in 2015 to USD 1,029 Mn in 2017.
Axis Communications AB — By Business Segment
Series (USD Mn)201520162017
Revenue763798.61,029

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