SmartCard Marketing Systems Inc. (OTC:SMKG): Keeping Up With “the IoT” – Market Which Is Expected To Grow To $848.38 billion In 2026 At A CAGR of 21.0%.
The Internet of Things (IoT) describes physical objects with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications network – in many cases a multiple of communications available. This provides an ecosystem in real-time data and in some use cases retrieval of data on schedules times and potentially on demand or in system failures.
IoT can be classified in to following types based on the application. Primarily we have
- Consumer IoT - Primarily for everyday use. Eg: home appliances, voice assistance, and light fixtures.
- Commercial IoT - Primarily used in the healthcare and transport industries. Eg: smart pacemakers and monitoring systems.
- Hybrid Remote offices with VPN’s for security and data- analytics and Ai
- Military Things (IoMT) - Primarily used for the application of IoT technologies in the military field. Eg: surveillance robots and human-wearable biometrics for combat
- Industrial Internet of Things (IoT) - Primarily used with industrial applications, such as in the manufacturing and energy sectors. Eg: Digital control systems, smart agriculture and industrial big data.
- Infrastructure IoT - Primarily used for connectivity in smart cities. Eg: infrastructure sensors and management systems.
- Embedded Payments Tech and Payments Automation
SmartCard Marketing Systems Inc. (OTCQB:SMKG) Tech suite of 22+ platforms offers a Multi-Industry and Multi-Tier IoT solutions Centre for Home Consumers, Commercial enterprises and Infrastructure projects. Our knowledge in data management, analysis and Artificial Intelligence allows for knowledge based models in real-time automation that can include payment technology for embedded payments.
Example: Granularchain - a digital ID Key Issuing and Exchange engine using DUKPT methodology with permission based digital onboarding and E-KYC/E-KYB with a Video Biometrics solution offering multi-level authentication for individuals, businesses and devices on a permission based transaction architecture for data and documents exchange encrypted Vault.
The business use case for Granularchain comprises of SmartCities, Digital Passport, Health Passport, Documents Digital Locker for businesses, Governments and individual users.
The combination of different platforms provides users a fully operational digital transformation tuned to the current IoT requirements enabling Governments, Industries, Enterprises, and Individuals a wholistic experience.
For us at SMKG, we ensure the IoT Security on all levels including Good Actor, Device Authentication, Device Authorization, Data encryption, Strong keys or certificates management plan for all levels. We also ensure security with regards to Device Location, Trusted Network and Payment Automation.
Current global IoT market has grown from $326.9 billion in 2021 to $396.34 billion in 2022 at a compound annual growth rate (CAGR) of 21.2%. The IoT market is expected to grow to $848.38 billion in 2026 at a CAGR of 21.0%.
Source: https://www.thebusinessresearchcompany.com/report/iot-global-market-report
While IoT Payments Market size is projected to reach USD 5.4 Trillion by 2028 from an estimated USD 155.53 Billion in 2021, growing at a CAGR of 66% globally.
Source: https://introspectivemarketresearch.com/reports/iot-payments-market/
Massimo Barone CEO stated that “our tech suite has always been designed to cater to new trends that disrupt markets ensuring easy adaptability for the organization and giving them an edge in the ever changing economy. We also plan and develop strategic commercial models that incorporate an IOT NOC (Network Operations Centre) for real-time analytics and monitoring which is essential.
We also benefit from a major leap forward by providing embedded paytech and payments automation for the strategic implementation of cross-border payments by location.”
About SmartCard Marketing Systems Inc (OTCQB: SMKG):
SmartCard Marketing Systems Inc (OTC: SMKG) is an industry leader in specialized industry e-Commerce, Cloud and Mobility applications delivering White-Label solutions to the global PayTech and FinTech markets. SMKG is a boutique technology company, providing Business Intelligence and Digital Transformation Strategies with a proprietary portfolio of applications and wireframes for Banking, Enterprises and Retail e-Wallets offering Blockchain Protocols, Crypto Issuing, NFT Minting, Tokenization, Digital ID-eKYC, Digital Automation Strategies with “License to Own” marketplace applications.
For more info visit www.smartcardmarketingsystems.com
or visit our business applications marketplace at www.emphasispay.com
We seek a safe harbor.
For additional enquiries & Enterprise Program connect with:
Dharmesh Vora
President Enterprise Solution
SmartCard Marketing Systems Inc.
dvora@smartcardmarketingsystems.com
CEO, Massimo Barone
mbarone@smartcardmarketingsystems.com
SmartCard Marketing Systems Inc.
OTC:SMKG Ph: 1-844-843-7296
news@smartcardmarketingsystems.com