Data Projects the IoT Device Management Market is Set to Grow Rapidly

NEW YORK, October 29, 2018 /PRNewswire/ --

The Internet of Things (IoT) is the new segment of the tech sector that is expected to grow exponentially. This sector is expanding its reach in both the home and industrial settings. Wikipedia describes IoT as "the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect, collect and exchange data." According to a report by Grand View Research, the global IoT device management market size was pegged at USD 605.9 Million in 2016 and is expected to expand at a CAGR 28.3% over the forecast period. Major players in the IoT industry are undertaking various initiatives, such as formation of Open Mobile Alliance (OMA), for standardizing protocols. These solutions are designed to improve efficiency in manufacturing, automobile, and other industries. IoT solutions enable efficient management of devices and connected assets providing network security, authentication, and API security to users. Cemtrex, Inc. (NASDAQ: CETX), Oracle Corporation (NYSE: ORCL), Qualcomm Incorporated (NASDAQ: QCOM), PTC Inc. (NASDAQ: PTC), Altair Engineering Inc. (NASDAQ: ALTR)

The growing adoption of the Internet of Things (IoT) helped to advance two fast growing segments - the Smart Office Market and the Smart Home Automation. The global smart home automation market size was valued USD 46.15 Billion in 2016 and is expected to gain traction over the forecast period, owing to its rapid adoption across residential applications. The global smart office market size is expected to reach USD 57.05 Billion by 2025. "Organizations are constantly evolving due to changing workforce demographics and technological expectations of modern employees and employers. As a result, a large number of organizations across the globe are anticipated to shift toward smart offices. Rising concerns regarding energy consumption are also likely to augment the market," Grand View Research explained.

Cemtrex, Inc. (NASDAQ: CETX) earlier last week announced breaking news that, "the showcase of its flagship smart device, the SmartDesk, at this year's Pepcom Holiday Spectacular. The event will be held Thursday, October 25, 2018 at the Metreon City View in San Francisco. Cemtrex's representatives will be on-site to assist in demonstrations of its highly anticipated SmartDesk.

Cemtrex's SmartDesk is poised to be the most advanced workstation on the market. A blend of futuristic hardware and groundbreaking productivity software, the SmartDesk delivers an efficient user experience in a luxurious package. With a 72-inch, high resolution multi-touch display, integrated proprietary touch and touchless gestures as well as the ability to draw and scan documents directly on the desk, wireless connectivity for full access to the cloud, and next-generation wireless charging capabilities for mobile devices, the SmartDesk is the next step in the evolution of the modern workplace.

Pepcom Holiday Spectacular offers a great opportunity to showcase our groundbreaking SmartDesk to the Bay Area's most influential reporters, editors, writers and analysts,' said Cemtrex's CEO and Chairman, Saagar Govil. 'Each event we participate in continues to increase the overall interest in the SmartDesk and the Company. Pepcom is the perfect event to feature our SmartDesk as shipments begin in the coming weeks and we look to ramp up interest.'

To learn more and stay updated about SmartDesk, please visit http://www.smartestdesk.com .

About Cemtrex: Cemtrex, Inc. (CETX) is the manufacturer of the SmartDesk, the world's most advanced workstation. Cemtrex is a diversified technology company that's driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems."

Oracle Corporation (NYSE: ORCL) offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. To streamline overall operations and campus experiences, California community colleges, San Bernardino Community College District (SBCCD) and San Joaquin Delta College (SJDC) recently announced they are using Oracle Cloud Applications. The depth and breadth of Oracle cloud solutions are helping the colleges transform and standardize business systems to drive sustainable cost reductions, provide greater insights through real-time analytics and improve overall services for students, faculty, staff and vendors. "Like many business enterprises, higher education institutions navigate a complex environment of financial, political, and community based factors to achieve optimal success in running their organizations," said Keith Rajecki, Senior Director, Oracle Higher Education. "Oracle cloud solutions deliver proven, enterprise-grade tools to empower community colleges to effectively deliver enhanced higher education experience for students, faculty and employees while increasing productivity and efficiency across their colleges."

Qualcomm Incorporated (NASDAQ: QCOM) invents breakthrough technologies that transform how the world connects, computes and communicates. As Qualcomm leads the world to 5G, it envisions this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT - including smart cities, smart homes, and wearables. Qualcomm Technologies International, Ltd, a subsidiary of Qualcomm Incorporated, recently announced the industry's first qualified end-to-end Bluetooth Smart Headset reference design featuring push-button activation support for Alexa for users of Android phones with the Alexa app. Based on Qualcomm Technologies International's most advanced family of Bluetooth audio chips (QCC5100-series), the reference design includes virtually all the key hardware and software required for manufacturers to help them develop advanced Bluetooth headsets more efficiently and cost-effectively. In addition to support for Alexa, the solution also supports ultra-low power consumption for extended playback time and battery life, as well as Qualcomm® cVc™ noise reduction technology designed for superior audio and voice service capabilities. Manufacturers can also add support for active noise cancellation and Qualcomm® aptX™ HD high-resolution wireless audio. "Our consumer research shows that four out of five consumers have embraced voice services, but the vast majority are also looking for superb audio quality. The Qualcomm Smart Headset reference design brings this and more together, helping consumers to take advantage of Alexa on-the-go, without the need to interact with their phone," said Anthony Murray, Senior Vice President and General Manager, voice & music, Qualcomm Technologies International, Ltd. "With this solution, we expect to support companies big and small to develop innovative and exciting headsets covering a range of styles featuring Alexa."

PTC Inc. (NASDAQ: PTC) helps companies around the world reinvent the way they design, manufacture, operate, and service products in and for a smart, connected world. PTC recently announced that China International Marine Containers (Group) Ltd. (CIMC), a world leading supplier of logistics and energy equipment, successfully launched its smart manufacturing pilot project, 'IoT + MES,' built on PTC's ThingWorx®Industrial Innovation Platform. Echoing the concept of 'Made in China 2025' and efforts to promote the deep integration of the Internet, big data, artificial intelligence, and the real economy, CIMC has been committed to innovation and promoting the development of smart manufacturing. Its subsidiary, Qingdao CIMC Reefer Container Manufacture Co., Ltd (QCRC), took the lead in piloting the integration of IoT and Manufacturing Execution Systems (MES). "We are excited to see a leading organization like CIMC utilize PTC's ThingWorx platform to truly embrace the industrial IoT for smart manufacturing and digital transformation," said Jerry Liu, DVP and President of Greater China, PTC. "We believe the successful launch of this pilot project will accelerate CIMC's informatization development, facilitate its digital transformation, and promote the development of smart manufacturing in the Chinese market."

Altair Engineering Inc. (NASDAQ: ALTR) transforms design and decision making by applying simulation, machine learning and optimization throughout product lifecycles. Altair recently announced that it has acquired all of the intellectual property assets of California-based CANDI Controls, Inc. and hired CANDI's experienced software and technology team into Altair's IoT organization to strengthen and expand the scope of its Carriots™ solution offering. Founded in 2009 with significant start-up capital, CANDI developed a modern platform which supports multiple data protocols for edge gateway computers to communicate with a constellation of IoT devices. CANDI also developed several relationships with important players in the IoT market including Google, Microsoft, and Intel. "Altair's vision is for digital twin simulation and predictive/prescriptive analytics solutions to run in the cloud or on edge gateway computers to optimize performance of both industrial equipment and consumer devices," said James Scapa, Founder, Chairman, and Chief Executive Officer at Altair. "We believe this acquisition is important to help our customers' digital transformation and enable their products to thrive in today's rapidly emerging connected ecosystems of smart devices."

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