Q-See Going Out of Business
Q-See is going out of business effective January 31st, 2021. The once mega-budget surveillance provider may cause significant problems in how it is being shut down.
In this report, we examine Q-See's history and business, including:
- Closure and effects
- Major OEM partners, including Dahua, Uniview, TVT, Raysharp
- 2007-2019 growth pattern
- Competitive Pressures
- Q-See Cloud analyzed and closure impact
**********
*-***, ******* ** ****, *** **** a *********** ******-**-******** ****** ****** ********, selling **** ****** *** ** ****** big-box ****** ****** (*.*. **** *****, Costco). **** ****** ** ****** **** **** ** ******** $** ******* ** *******, ***** we ******** ** ~* ******* *******, a *********** ******, ************ *** ****. Taking **** ******* *** ******** ******* and *** ****** ** **** ** has **** ********* (****** ** *****), millions ** *-*** ******* **** **** sold.
Q-See's ******* ********* *******
*-***'***************** *** ******** **** ** **** down ** ******* ****, ****, ******* customers ** "**** *********** ******* ** their ******** ***** ** ******* ****, 2021."
*-***'* ****** *** ********, *******, *** market **********:
*************, *** ** *************-**,********* ****** ** ***** ***** ****, uncertainty *********** ********* ********* ********* ******* ********** *** **** ** very ********* *** ** ** ******** doing ********.
***** *-***'* ****-******* ****** **** **** up ***** ***** **, ****, ** will ** *********** *** ***** ******* by ******* **.
*-*** *** *** ******* ** ******* IPVM's ******** *** ******* ** *** closure.
Closure ******* ******** ** *******
*-***'* ******* *** ********** **** **** of *** ***** ******** **** ****** many ***** *** **** ****** *** are ***** ***** *** *******. ***** the ***** ** **** ****, ***** will **** ** **** ******* ** continue ** **** ***** ******* ********. Q-See ****** ** *** *******:
** **** **** **** *********** ** how ** ***** ****** ******* ***** IP ******* ****** **** **** ********** or ****** ******* ****, ****.
*******, **** *-*** ***** **** ****** their ******* ****** *****, ********** ***** the **** ** ********* / ***** support, *** **** ******** **** ******* up **** ********** ** ***** ***.
Major *** ********: *****, ***, *******, ********
*-***'* ***** ***** *** ******** ******** Dahua, ***, *** *******, *** ** a ****** ******, ********. *** ** these ********, *-*** *** ***** *** most (~***,*** **) **** *** **** the **** *** *****, ****-****. ***** was * ***** ****** **** ~***,*** lb, *****, *** ****** *** **** a ****** ****** ** ****, **** and ****-****. *-*** ******** ~***,*** ** from ******* *** ~**,*** ** **** Raysharp ** ****, *** **** **** on ****** ** ***** *-*** ******** from ******* *** ********.
*******, *** ******** ** *** ******** are ******** ***********, ***** *** **** "Q-See ************* *******" ** "******* ********** Solutions", ****** **** ** *** ****.
***** *-***'* ****** ******* *** *** disclose *** ****** ************ *** **** of ***** *********, ******* ******** ******* have ********** ***** ** *-***'* **** common ****** ** *** **** ******.
2007-2013: ********* ******, ******** ****** ***** ** **** ** *.*+ ******* ******
*-***'* ******** ******** ****** **** **** ~500,000 ** ** **** ** *** peak ** *.* ******* ** ** 2013.
** ******** *.* ******* *** ** cameras ** ** **** * ******* camera *****, ********* ** *+ ******* cameras ** **** ** **** **** frame . **** *** *-***'* ****, in ***** ** ******** ******* $** million *** ** *******.
2014-2016: ******** ****** ****** ** *****
***** *-*** ************ *********** ****** *** 6 ***** ** ***** ****, **** marked *** ***** ** * *****.
** ****, *-*** ******** ***** *.* million ** **** *** **. ***** this ** ***** ** ***** * significant ****** *** ****** ** *******, it ** ****** **% **** **** what *-*** *** **** ******** ** in ****.
2017-2019: ******** ****** ************ *****
** ****, *-***'* ******** ****** **** dramatically, **** **%, **** *.* ******* lb ** **** ** **** ~***,*** lb ** ****. **** ******** ** roughly ********** ** *** **** *-*** had **** ********* ** ****. **** dramatic **** ** **** ***** ***** as ** ** ****** * ******* of ******* *************/*-***'* **** ******** ******** the ** ****** ** ***** ***.
** ****, *-***'* ******** ********* **** more ** ~***,*** **, ***** ** still ************* ***** ** *** **** in ****, *** ************ **** **** what ** *** ******** ** ****. It ** ******* *** *-*** *** a ****** ******** ***** ** ****, although **** *** *** *** **** in ***** ** ******** ******** **** Uniview *** ********.
*******, **** ******** *** *** **** for ****, ** ******* **** *-*** only ******** ~***,*** ** ** ******** in *** ** ****. **** ** the ******** ****** *-*** *** **** imported ** *** ********* ******* ****** back ** ****.
2020 *********** *******
**** ***** ** ******* ** *-*** receiving ********* ** *** ** ****, but **** **** *** *********** **** they ******** ** ********* ** ********* can ********* ****** ** **** ***** shipping *******. *******, *-*** *** *** active ** ********* *** ******** ** 2020, ** *** **** *********** **** on ****** *****, **** ******** *** Twitter, *** **** ****** **** ***** its **** ** ****** *****.
*-***'* ******* ************ ***** **** *** a *********** **** ** **** ******** that *-***'* ******** *** **** ** some ******* *** * *** *****, and *****-** *** ****** *** **** straw **** ****** *** ***** *******.
Pressure **** ***** ********* ******** ** ****** ********
*-***'* ****** ** ********* *** ** the ******** ** ***** ********* ******** into *** ** ******. ***** ***** companies **** ***** ******** ** ********* like *-*** ** ********** ***** ******** in *** ***** *** ***** *****, China ********* ****** **** ************* ** their ****** ***** *** ********* ** the ***-*****. **** ********* *-***'* ***************, as ***** ********* ***** **** ******** sell **********, ******* ****** ** **** a *** ** *** ******* ** a ********* **** *-***.
Pressure **** *********** **** ***-**** *** ****** *********
***** **** *-***'* ********* ** ***** up ** ****** *** ****** **********, it *** **** ****** ** ******* from ******** **** ***-****, *** ****** companies **** ****. ** ****, **** Q-See ***** ******* *** ********, *-*** was **********, *** ***, ** ****, Wyze's ~$** ******* **** ********* *** providers **** *-***. ***** *-*** *** said **** ********** **** *********** ** ***** ******** service, **** ** ****** ** *** enough ****** **** *******.
Q-See's ***** *******
*-***'* ******** ****** *** ******* ** what ******* ** ****** ** *** products **** ****** ** ***** ********.
** *********-***'* ***** ************** ** ** ** ********** *** with ******** ***** **********.
*********** *** *** ******:
** ******** ******* ********:
*** *** **** **** ****** **** makes ******* ********** ** *****:
************, *-***'* **** ********* ** ******* by ***** ***, ** *** ******* for * ** ******* **** *-***:
*** ************** ** **** *********, *** effectiveness *** ******* **********, ***** ***** to *** **** ** *** ******'* Republic ** *****
** ***** ******** **** ********* *** * ****** video ************ *******.
*** *-*** ***** ****** ** ********* antiquated (***** ** ******* ***), ****** certainly *** ********* ** *-*** (***** on *** ***** ** *******), *** connected ******* ** ***** (***** ** the **** **********).
** **** *****, *** **** ******* is *** ***** ******** ** ********* of ***** *** *** ** ********* on **** ******* ** ******* ***** surveillance *******.
Possibility ** ** **** ***?
***** ******* *** ******** ** ******* Q-See ***** ** **** *** ** another ******** ******** ** ** ** infrequent *** ********* ** ****** **** down. ***** *** ******* **** ***** in ********** **** * ******** ***** shut ****, **, *** *******, **** sold ***** ** *****. *-*** ******* are ***** ***** **** ** *******, Office *****, *** **** *****, ** it ***** ***** ** ***** *-*** product *** ***** *** *********** ** users. ******* *-*** ***** ***** *** customers ** *** *****. ** ******, IPVM **** *** **** *** **** state ** *-***'* ********** *** ********, which *** ****** ******* *-*** ***** be * ****** ** ********* ********.
** *** ***** ********** ********* ** you ** ****** *** **********.
** **** ******* ******* ** **** import ******* *** *** ********** ** be ********. ***** *** ********* **** things *** ** ******* **** **** a ******* *** ** * ******* of ******** ***** ** ******* ** techniques ** *********.
**** ** ** *********** ****.
* ***** *** ****** ** **** on *** *********** *** ******** ****** is ******** *** ******* ******. **** peak ******* ** $*** ** **** than **** **** *** ** ***** 2nd ****, **** *** *** ****** $88m, **** ** ** $****. *** sure **** ******* * *********** *********** market ***** *** **** ** ************ / **** ** *******, ******* ** cannot ** *********** **** *** **** QSee (*** ******) ********* ** **** the ******* ** ***** ******** **** ARLO. *** ** *** ***** ****** of *** $** ****** ******* *** this ** *** ******.
*************, **** **** ***** ***** ** be ****** *** **** *** **** the *********** ** *** *** **** offerings, **** ******* ******** ** ** down ***** ** **% ** ***** 2018 **** ******* **** ***** * SUPER *** ****** *** *** ************.
* ***** ***'** ***** **** *** proliferation ** **** ******** ******* **** ARLO ** ** **** * *********** part ** ****.
*'* * *****-************ ** **** ********. It's * **** ********, *** **** engaged ** **** ** * **** standard, ****** **** * *** ********** buildings *** **********.
**** *** ******, ** *** * client **** ** *** **** *** at *** ******** ***** ************ *********. We ****** ******* ******** ** ****** with **** ****** ********* ** * price **** *** ************* **** **** they'd **** ******** ****. **** ****** our **** **** ******** ****** *** site ****** **** ** *** * handful ** *******-******* ****-***** ******* *** then *** *** ******** ** *** us ** ****** ********** ***** *** them ******* **** **** ***** ********** (we ******** ********).
** *** **** ****, ** *** a ***** ***** *** *** * small ********** ****** *** ***** ** going **** * ******-**** ***. **** approached ** *** ***** **** **** the *********** ** ******* * ***** for ************ ********* ******* ***** *** wasn't ******* ***** *****. * *** to ****** * ***** ******* * remember ******** **** ****'* ** **** once **** ******** *** ************ ** their *********.
*** *** *** *** *** ***** guys. ***** **** *** *** **** out *** ****.
***** **** *** *** **** *** for ****
* ***'* **** **** *** ***** products... *** ** ** **** *** seems ** ** **** ** ****** out ****** **** *** ****.
******* ***** *******.
* ***** *** ******** ** **** the ******** *** ** *** *** Rishi. ***** ** ***** *** *** going ** ********* ****** *** * think ** *** **** *** ****.
** *** *** *** ******** ****** will ***** ** ** *** ** you ***'* *** *********. *** ***** they **** ******* *** ***** ** no ***** ** *** *****. *** their ****** *** ****** ***** *** way *** *** **** ** **********. The **** **** *** *** ****** their ***** ** **** **** **** it ***. ** ********** *** ********* were ***** **** ****** *** *** profits *** *** ******* **** ** great *****, ********* ** ******. *********** businesses ******** *** ******. ***** **** don't, ********.
**** *** **** *** ********** ***********. Once ***** ********* ***** ** *** nail ** *** ****** *** *-***.
**** *** **** *** ********** ***********
** **** ** *** * ****** competitor, ** ** ******* * **********, no? ** *** *** * ** 4 **** ******* (*** **** **** $100) *** ***** *** *** * Lorex ** *-*** ***?
*-***'* ********* ***-**** ***** ****** **** SMB / ***** ** ****, ** this **** *****.
**** ** **** *********** **** **** acquired ********** ** ******** *********. *** there ***** **** **** *** **** showing *********** ***** ** ****** ******? Not ******* ** *-*** ** ** outlier ** * **** ** ****** to ****.