Demand for Online Data Management is Driving the Popularity of IoT

Global IoT market

The Transparency Market Research data suggests that the Global Internet of Things (IoT) market will grow at a CAGR 20.55% between 2016 and 2024. The market is expected to be driven by the rapid expansion of urbanization and globalization, causing an increase in demand for online data.

Read more AT&T Joins Forces With Magic Leap to Expand the Future of Spatial Computing

“In order to get value from the Internet of Things (IoT), it helps to have a platform,” said Eric Lamarre, Senior Partner at Mckinsey and Brett May, Senior Adviser at Mckinsey. “Like an operating system for a laptop, a platform does a lot of things in the background that makes life easier and less expensive for developers, managers, and users.”

Here are some companies that are investing big on IoTs:

GTX Corp

GTX Corp recently completed several corporate initiatives including securing a Million-dollar round of financing at a 10x valuation of current trading price. The company has also successfully completed a reverse split and is in the process of up-listing to the OTCQB Venture Exchange.

“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,” said Patrick Bertagna, GTX Corp CEO.

Gogo Inc.

Gogo Inc., an Inflight Internet Company, is the leading global provider of broadband connectivity products and services for aviation. The Company recently announced that it has completed a comprehensive analysis of its business and is implementing an Integrated Business Plan designed to improve the Company’s operational and financial performance.

“The initiatives we are executing under our Integrated Business Plan demonstrate our commitment to taking aggressive action to position Gogo for sustainable value creation. Gogo 2020 represents a new era for Gogo with a significantly reduced cost structure, much lower capital expenditures, and a streamlined and standardized approach to meeting the needs of our customers with improved quality and service,” said Oakleigh Thorne, President and Chief Executive Officer of Gogo.

Global IoT market

SITO Mobile Ltd.

SITO Mobile Ltd. is transforming the way in which brands connect with consumers in the real world by developing a mobile engagement platform that drives awareness, loyalty, and ultimately sales. In May of last year, the company appointed Thomas J. Pallack and Mark Del Priore as its Chief Executive Officer and Chief Financial Officer, respectively. In addition, SITO Mobile appointed William Seagrave as its Chief Operating Officer. Previously, Seagrave directed sales, product, and market strategies for global technology companies like Oracle, Cisco, Intel, Baxter and venture-backed technology companies in the social marketing, consumer analytics, telecom and mobile infrastructure industries. Seagrave has extensive experience with SaaS and subscription model product lines, marketing analytics, software infrastructure, cloud, and network technologies leveraging the Internet of Things (IoT).

Netlist Inc.

Netlist Inc. provides high-performance modular memory subsystems to customers in diverse industries that require enterprise and storage class memory solutions. Netlist aims to be an integral part of the acceleration of business insight, digital social interaction and the Internet of Things. Netlist Inc. and ScaleMP Inc., a leader in software-defined computing and memory solutions recently announced a collaboration agreement to develop software-defined memory (SDM) solutions for Netlist’s HybriDIMM.

Read more Apple and Xiaomi in Close Battle for Top Spot in Wearable Band Market


Inpixon is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA Sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. When paired with a high-performance data analytics platform, this technology can deliver visibility, security, and business intelligence on any commercial or government location worldwide. The products and professional services group of the company help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. In May, the Company partnered up with Canadian-based wireless integration specialist Genwave Technologies Inc., a company known for its mastery of in-building radio-frequency (RF) engineering and design-build.

Previous articleGerber Tech Explores Novel Ways to Create Garments Using Next Generation Technology
Next articleSamsung Launches 4D Lunar Gravity VR Experience Developed in Collaboration with NASA
Sam Draper () is Online Editor at WT | Wearable Technologies specialized in the field of sports and fitness but also passionated about any new lifestyle gadget on the market. Sam can be contacted at press(at)