London, UK, 27June, 2017 – Canon, world-leader in imaging solutions, today announced a new Video Cloud IoT as a Service business based in California called ARCUS Global Inc. Owned by Canon Europe and built on the intellectual property, technology and expertise of Canon Group company, Milestone Systems, ARCUS Global Inc. will address the significant unmet global market demand from large enterprises for Video Cloud IoT as a Service for security and business optimisation.
The new company will target an addressable global public cloud video management services market that is estimated to be worth between $10 & $20 billion by 2021*.