As anyone that isn't living under a rock might know, the point and shoot markets are basically annihilated from existence. The professionals/pro-amateurs who care about image quality etc didn't like the Nikon 1 and EOS M.
Out of nowhere, Sony released the E mount Alpha lineup, which reached the #1 position in mirrorless cameras. They also released the Alpha 7, which was AFAIK the first full frame mirrorless (that means the imaging sensor is the same size as 35mm film. Most DSLRs used APS-C sized sensors, which are 1.5 times smaller than 35mm film). This was unprecedented because everyone thought mirrorless was basically a toy.
Both Nikon and Canon have realized their mistakes and recognized mirrorless is serious business and is the future. Nikon has scrapped the Nikon 1 line and started making Nikon Z, which is a super pro/prosumer oriented mirrorless lineup with a full frame sensor. Canon hasn't scrapped the old mirroless line but is pushing the RF mount lineup which is also full frame.
Sony was able to seize the market by being first to market by a long shot, not to mention the vertical integration from their imaging sensor division to deliver quality products. But now that Nikon and Canon entered the game with guns blazing, we'll see what happens to Sony.
One thing of note is that Sony has opened up the E mount spec and allowed 3rd parties to create lenses. As a result there's a fuck ton of 3rd party lenses (most of them of dubious quality, but some are excellent) with autofocus support, and not just from Tamron and Sigma.
It's a really interesting time to be in this hobby/profession IMO.