Internet of Things Market Projected to Grow

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Jan 19, 2018, 09:00 ET

NEW YORK, January 19, 2018 /PRNewswire/ --

A report by Research and Markets projects that the Internet of Things market is expected to grow from USD 170.57 Billion in 2017 to USD 561.04 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 26.9%. The strong advances of the market are explained by innovations in analytics and data processing techniques, which have been useful to derive results from high volumes of data collected from the machine-to-machine communication devices. The report indicates that data analytics and processing is useful in the IoT environment to increase the uptime of the smart sensors and devices, accelerate the business outputs, and detect and control the errors. GTX Corp. (OTC: GTXO), WidePoint Corporation (NYSE: WYY), Vicon Industries, Inc. (NYSE: VII), Netlist, Inc. (NASDAQ: NLST), Inpixon (NASDAQ: INPX)

IoT is an ecosystem of connected physical objects that are accessible through the internet. According to Forbes, Bret Greenstein, VP of IBM's Watson IoT Consumer Business explained, "In the early days you could do IoT in your home in a lot of different ways and there were a lot of wires and a lot of hard-code - mobile apps came later, but it was still an isolated experience that doesn't really feel connected. AI is helping to bridge that gap - now we are seeing automakers and hotels and other companies trying to create more integrated experiences and using AI to better understand and interact with people."

GTX Corp. (OTC: GTXO) an Internet of Things (IoT) solutions provider in the personal location, wearable and wandering assistive technology business, recently announced, "that it will be presenting several of its new products at Super Bowl. CES 2018 was filled with different areas of Internet of Medical Things (IoMT) technology that is striving to increase the health, wellness, safety, and overall lifestyle for the "Baby Boomer."

This is good news for GTX Corp, as tens of millions of Baby Boomers (people born between the 1950s and mid-1960s) are beginning to hit their elderly years, providing an increased demand for technologies and overall health and wellness solutions. GTX has been at the forefront of this trending and growing sector and this year GTX showcased multiple products, including their flagship GPS SmartSoles along with the new Biometric Insoles and several other products like the Invisabelt and kids SmartSoles, expected to launch this quarter.

Alongside partner Veristride, GTX unveiled the new Biometric Insoles designed to monitor how people walk and help predict if a senior is prone to falling, which is a major worldwide problem. An estimated 2.8 million elderly people in the U.S. are treated in emergency departments for fall injuries each year. The Biometric Insoles collect movement and activity from special sensors and produce data for gait analysis to provide better insight into fall risk detection and prevention. GTX also garnered some buzz in the technology industry during CES week, as their GPS Tracking insoles were on the television show, Keeping Up with the Kardashians. GTX had many vendors, consumers, and fans of the Kardashians from around the world come by and comment, as the show had aired in the United States before CES and aired after CES in the United Kingdom.

Patrick Bertagna GTX Corp CEO, commented, "This was a significant week for GTX Corp and the first time we showcased a suite of existing and future products that expanded our offerings way beyond GPS tracking solutions for seniors afflicted with dementia and Alzheimer's. We now have tracking and monitoring solutions for kids, the military, law enforcement, mobile workforce, athletes and with our Biometric insoles we will expand our senior target audience from the 6 million currently diagnosed with Alzheimer's to the 72 million baby boomers in the US that need or want their mobility, activity and gait monitored."

Due to the very positive feedback from the Biometric Insoles and their ability to also be used in a professional sports environment in order to establish walking baselines for pro athletes, GTX will be taking its products and technologies to Super Bowl LII in Minneapolis, Minnesota. GTX and long-time advisor Jack Brewer, discussed several opportunities for GTX and Veristride to showcase its Biometric Insole Technology throughout the various events during Super Bowl Week."

WidePoint Corporation (NYSE: WYY) is a leading provider of technology-based management solutions including telecom management, mobile management, access management and identity management. On December 14, 2017, the company announced a strategic partnership with Silent Circle, a pioneer in enterprise-class mobile security, privacy and compliance solutions. The two companies are currently delivering joint security solutions based on Silent Circle's secure mobile communications suite to high-profile U.S. federal agencies through WidePoint's Cellular Wireless Management Services (CWMS) Blanket Purchase Agreement (BPA) with the U.S. Department of Homeland Security.

Vicon Industries, Inc. (NYSE: VII) has been a leading provider of mission-critical security surveillance systems. On November 29, 2017, the company announced the availability of its new line of HD analog cameras that deliver 1080p full HD video over conventional coaxial cable. These new cameras are as easy to install as traditional analog security cameras. HD analog technology is here to bridge the gap and give a high-definition solution to those with an analog system already in place. No new cabling is required to upgrade to the HD analog technology. The cameras, available in dome, bullet and box form factors, are appropriate for a wide range of applications and deliver exceptional clarity in all lighting conditions. For cost-effective integration with IP video management software, including Vicon's Valerus, these HD Analog Cameras can be used in conjunction with Vicon's recently introduced 16-channel H.264 ONVIF video encoder. The encoder converts the video output from these cameras into a digital stream for transmission over an IP network.

Netlist, Inc. (NASDAQ: NLST) is changing the speed with which data is turned into information. The company aims to be an integral part of the acceleration of business insight, digital social interaction and the Internet of Things. On November 13, 2017, the company, Nyriad® and TYAN announced a solution to support Netlist NVvault® non-volatile memory for cache acceleration in Nyriad's graphics processing unit (GPU)-accelerated storage platform, NSULATE™ on a TYAN Thunder server. By adopting Netlist's NVvault DDR4 NVDIMM-N non-volatile memory, Nyriad NSULATE-based storage systems can be configured to achieve millions of IOPS, sustaining high throughput while also enabling levels of storage resilience and integrity - impossible with traditional central processing unit (CPU) or redundant array of independent disks (RAID) -based solutions.

Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon's products, infrastructure solutions, 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 January 9, 2018, the company announced that it will use blockchain to develop a global repository of device reputations to help enterprise security and retailers mitigate rogue-device risk proactively. Inpixon believes that the use of blockchain in connection with its Indoor Positioning Analytics (IPA) platform will lessen overall risk for retailers by creating a self-managing payment platform that will deliver value and reward its customers for loyalty, while also reducing threat by layering device reputation onto simple account management. For enterprise security, where the burgeoning use of the Internet of Things (IoT) is exposing businesses to unaccounted amounts of threat, the use of blockchain technologies in its IPA will assist to maintain and propagate device reputation, enforcing security policies and attaining compliance.

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