According to MarketsandMarkets.com, the IoT technology market is expected to grow at a CAGR of 25.1% during the forecast period of 2017 to 2022, to reach USD $639.74 Billion by 2022 from USD $176.00 Billion in 2016. Internet of Things (IoT) refers to the virtual representation of uniquely identifiable objects on a network. Objects, animals or people are provided or embedded with unique identifiers or sensors, helping them to gain the ability of communication and automatically transferring data over a network without requiring human interaction. IoT is a rapidly expanding technology making consumers lives more productive and entertaining. The technology’s capacity to decrease costs has been the ultimate factor for its adoption across many sectors. Several significant investment incentives, such as increased productivity, process automation, and time-to-market, have also been boosting innovation and adoption of IoT. Active companies in the markets this week include Gopher Protocol Inc. (OTC: GOPH), International Business Machines Corporation (NYSE: IBM), NVIDIA Corporation (NASDAQ: NVDA), Microsoft Corporation (NASDAQ: MSFT), Amazon.com Inc. (NASDAQ: AMZN).
Gopher Protocol Inc. (OTCQB: GOPH) a development-stage company which specializes in the creation of Internet of Things (IoT) and Artificial Intelligence (AI) enabled mobile technologies, provides developing status for the official launch of its Indiegogo campaign for its proprietary pet tracking device – https://igg.me/at/guardianorb – As announced on December 21, 2017, Gopher’s manufacturer VQ GLOBAL USA, Inc. – commenced design of three models which include the Orb Sphere shape – Mobile Unit, Portable Gateway and the Static Gateway Unit – Single Channel. Construction drawings including schematic diagram of the three models, as well as the specification of the products, features and accessory with packing underway.
This begins Gopher’s efforts toward Horizon 2020. Horizon 2020 is a Gopher initiative to enable the communication industry with GopherInsight, a proprietary self-learning private and secure network.
Subject to raising the appropriate level of capital and engaging additional personnel, the first step includes the launch of the Guardian Orb, initially through presales on Indiegogo, followed by Internet sales. Once the initial production is complete, Gopher intends to begin selling the Guardian Orb through its 15,000+/- convenience store locations operating under the Gopher’s wholly owned subsidiary, UGopherServices. UGopherServices, a wholly owned subsidiary of Gopher, has established UGO HUB, a network of 15,000+/- locations that provide top prepaid and traditional financial services as well as products and accessories to consumers. With average weekly foot traffic estimated at 2,000 per week (http://distributech.net/Demographics.aspx) – In addition, it is the goal of Gopher is to install base station in these locations to create significant coverage in the southeastern part of the United States. UGO HUB products include: prepaid financial services (credit card, phone card, gift card, etc.), financial services (bill pay, ATM, payday loans, check cashing, Bitcoin, etc.), products and accessories (SIM Card, cellphone chargers, cases, headphones, etc.).