Internet of Things Investments are Expected to Grow Globally
FinancialBuzz.com News Commentary
NEW YORK, July 17, 2018 /PRNewswire/ —
According to Forbes, a report from GrowthEnabler indicated that the global Internet of Things (IoT) is expected to reach USD 457.29 Billion by 2020, up from US USD 157 Billion in 2016. The market can be divided into nine segments, such as the Industrial IoT, Retail, Smart Utilities & Energy, Healthcare, Smart Cities, Connected Homes, Wearables, Connected Cars and Personal Health. By segment, Smart Cities and Industrial IoT hold the largest market shares. Furthermore, the number of IoT connections is expected to reach 27 Billion by 2025, and at a compound annual growth rate of 16%. Global investment in IoT is also expected to grow at an annual rate of 5%. GTX Corp. (OTC: GTXOD), Inpixon (NASDAQ: INPX), NXT-ID Inc. (NASDAQ: NXTD), Pareteum Corporation (NYSE: TEUM), Ability, Inc. (NASDAQ: ABIL)
According to another report from Gartner Inc., the spending on IoT security is expected to grow rapidly. Ruggero Contu, Research Director at Gartner, said, “In IoT initiatives, organizations often don’t have control over the source and nature of the software and hardware being utilized by smart connected devices. We expect to see demand for tools and services aimed at improving discovery and asset management, software and hardware security assessment, and penetration testing. In addition, organizations will look to increase their understanding of the implications of externalizing network connectivity. These factors will be the main drivers of spending growth for the forecast period with spending on IoT security expected to reach USD 3.1 Billion in 2021”
GTX Corp. (OTC: GTXOD) announced yesterday that, “the completion of several corporate initiatives including securing a Million dollar round of financing at a 10x valuation of current trading price. The Company has already received its first tranche and will draw down additional tranches over the next 12 months. The financing will help position the Company for growth, support upcoming corporate initiatives and pay down some debt.
GTX Corp has also successfully completed a reverse split and is in the process of up-listing to the OTCQB Venture Exchange. Over the next 15 days, GTXO will trade under the ticker symbol GTXOD and then will revert back to GTXO once all the trading platforms have been updated.
‘We are thrilled to announce securing a new strategic partner that recognizes the true value of GTX Corp and is providing capital at a premium to market, along with business and corporate development services,’ commented Patrick Bertagna, GTX Corp CEO. The reverse, up list and financing constituents a turning point and a milestone event for all of GTX Corp’s stakeholders.
This financing will provide the critical resources needed to scale and build out the business, Bertagna said. With the wearable technology and IoT industry growing rapidly, the infusion of resources comes at the perfect time and will allow the Company to focus solely on growth and execution, he concluded.”
Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA Sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high-performance data analytics platform, this technology delivers visibility, security, and business intelligence on any commercial or government location worldwide. Inpixon’s products and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. On June 22th, 2018, the Company reported new customers and shipments both within the U.S. and abroad. The singular focus of Inpixon IPA operations in 2018 has been to capture as much indoor square footage as possible, digitizing premises with multi-frequency IPA Sensors to deliver data analytics and security monitoring.
NXT-ID Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the Internet of Things (IoT). With extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies, NXT-ID develops and markets groundbreaking solutions for payment and IoT applications. In May, the Company announced that the United States Patent and Trademark Office has issued US Patent Number 9,979,724, entitled “Distributed Method and System to Improve Collaboration Services Across Multiple Devices.” The patent introduces the concept of collaborative services across multiple devices that may be used to utilize a common data or algorithms to recognize and authenticate a user for purposes of performing a variety of actions across many devices. It enables devices without specific authentication hardware or software components the ability to leverage the capabilities of nearby devices or contribute by sending data to an authentication service.
Pareteum Corporation (NYSE: TEUM) is a leading Global provider of mobile networking software and services. The mission of Pareteum is to connect “every person and everything.” Recently, the Company announced that it has developed and launched a new user experience portal, engineered to allow service providers to securely manage their customer’s connections, usage and revenue stream. This newly developed software solution, which has been added directly to the Global Cloud, is specifically targeting application providers that need real-time control over every transaction, and, as well, need to pre-authorize transactions, ensuring that the Identity of the subscriber matches the service plan and products they are contracted to use, in advance of the transaction. Pareteum’s enhanced software enables customers to address these through a fully integrated single interface for shared services.
Ability, Inc. (NASDAQ: ABIL) provides advanced interception, geolocation and cyber intelligence tools used by security and intelligence agencies, military forces, law enforcement and homeland security agencies worldwide. Ability offers a broad range of lawful interception, decryption, cyber and geolocation solutions for cellular and satellite communication, including ULIN, or Ultimate Interception, the first-to-market SaaS strategic interception system with voice, text and geolocation capabilities without geographic limitation. State-of-the-art technology underpins Ability’s scalable offerings, which can be tactical-and-portable, or strategic-and-fixed, depending on its customers’ needs.
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