PALM BEACH, Florida, Sept. 24, 2019 /PRNewswire/ -- According to a recent report from Statista, the software market is expected to amount to approximately 507.2 billion U.S. Dollars by 2021. This is good news for those investors holding software stocks, given some recent corrections in the market in September 2019. Investor's Business Daily recently reported that "Even the best software stocks can get beat up as bearish investors pounce on stock market volatility. Software stocks with premium valuations by historical standards can be among the casualties. After outperforming in the first eight months of 2019, as they had a year earlier, software stocks corrected in early September. The sell-off came amid a broader rotation out of momentum stocks. Software stocks with high price/earnings ratios suffered the most serious damage. Investors had piled into the software sector, known for its above-average revenue growth." Active companies in the markets this week include International Business Machines Corporation (NYSE: IBM), Versus Systems Inc. (CSE: VS) (OTCQB: VRSSF), Oracle Corporation (NYSE: ORCL), Intel Corporation (NASDAQ: INTC), STMicrclectronics N.V. (NYSE: STM).
"Software valuations overshot, and the correction was more about money flows out of the sector than any reasoned assessment that fundamentals deteriorated 20% in 10 days," Canaccord Genuity analyst Richard Davis said in a recent report to clients. "Software had become a 'bull trap' to use the technician's phrase, and that means the recovery will be a process." In addition, a recent article issued by Goldstein Research, another major driver in the sector is the global gaming software market and the rapid growth in the mobile gaming segment. Mobile gaming generated approximately USD $38.0 billion in 2016 or 40% of the global gaming revenue, of which more than 70% came from Smartphone gaming and rest from tablet games. Goldstein Research analyst forecast the Gaming Software Market to expand at a CAGR of 4.7% during the forecast period 2016-2024. Further, the market is anticipated to reach USD $125.0 billion by the end of forecasted period.
Versus Systems Inc. (CSE: VS) (OTCQB: VRSSF) BREAKING NEWS: Versus Systems has formed Versus Systems UK Limited as a UK entity in advance of a planned December launch of their proprietary Winfinite rewards platform in the United Kingdom.
The UK has a $5.7Billion (USD) annual market in games that is, according to the BBC, now worth more than the movie and music markets combined in the UK. Versus Systems plans to offer the Winfinite rewards platform inside of select games and gaming systems by the end of 2019.
"Versus is eager to bring real-world rewards to players in the UK and then across Europe" said Matthew Pierce, CEO of Versus Systems. "We are dedicated to making games more fun all over the globe."
To launch in the UK, Versus will undergo a thorough privacy and security audit to confirm that their platform is compliant with the EU's General Data Protection Regulation law written in 2016. "GDPR is the highest standard of customer privacy in the world" said Pierce. "At Versus we will always strive to be the gold standard for securing player's information."
Versus is a marketing and advertising technology company listed on the Canadian Stock Exchange, focusing on the development of in-game prizing and promotion tools. Versus has developed the proprietary Winfinite rewards platform, a set of products that allow publishers and developers to offer in-game prizing across mobile, console, PC games, apps, and streaming media. Through Winfinite, advertisers can offer real-world products and digital goods as prizes that players can earn through in-game achievements. Read this and more news for Versus Systems at: https://www.financialnewsmedia.com/news-vs/
Other recent developments in the gaming/tech industries include:Oracle Corporation (NYSE: ORCL) - Oracle Data Cloud recently announced a new integration with GIPHY, the first and largest GIF search engine, enabling Oracle's Moat to measure ad delivery, viewability, and invalid traffic for short-form branded content across the GIPHY platform. The integration will allow advertisers to validate that branded content on GIPHY was seen by actual users, while extending the range of Moat's measurement solutions to include GIPHY's innovative tools for marketing.
"Effective advertising campaigns inspire an emotional reaction, which is why short-form content like GIFs can be such a powerful tool for marketers," said Dan Fichter, vice president of software engineering for Oracle Data Cloud. "To build confidence in this new channel, marketers need to ensure that their GIPHY campaigns are being seen by real people. By working with GIPHY to measure ad delivery and invalid traffic, Moat gives advertisers the ability to measure their campaign using the same industry-leading metrics used across other major platforms and the open web."
Intel Corporation (NASDAQ: INTC) Intel Corporation and Oracle announced that Oracle is incorporating the high performance capabilities of Intel® Optane™ DC Persistent Memory into its next-generation Exadata platform, Oracle Exadata X8M. Exadata powers Oracle Autonomous Database, Oracle Cloud Applications, and the high-performance database infrastructure at most of the world's leading banks, telecoms, and retailers.
Built using industry-standard Intel® 2nd generation Xeon® Scalable processors, Intel® Optane™ DC Persistent Memory, and 100 gigabit RoCE networking, Oracle Exadata X8M is designed to support today's demanding Online Transaction Processing (OLTP), analytics, and mixed workload database requirements, as well as database consolidation and in-database machine learning. This first-of-its-kind integration is designed to provide customers with superior performance for latency-sensitive activities such as high-frequency stock trading, IoT data processing, real-time fraud and intrusion detection, financial trading and applications requiring real-time human interactions
International Business Machines Corporation (NYSE: IBM) and Adweek, LLC launched The Institute for Brand Marketing™, a new program designed to educate marketers in collaboration with IBM Watson Advertising and Adweek. Available today on adweek.com/ibm, the program offers marketers complimentary interactive online courses and live educational experiences to help cultivate their skills and knowledge to advance in a disruptive marketplace.
According to a recent study by the Economist Intelligence Unit, more than 80 percent of marketers will rely on technology to engage customers over the next three to five years, yet today's marketers lack the resources to learn about the latest innovations. Plagued by time, budget and resource constraints, many marketers find it difficult to keep pace with rapid technology innovation and fail to understand how mastering emerging solutions can help engage audiences.
Card payment terminals are about to become even more affordable and ubiquitous with a new single-chip controller developed by STMicrclectronics N.V. (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, and mobile payment solutions disruptor YouTransactor.
Combining YouTransactor's market knowledge and intellectual property of security and point-of-sale payment terminals and applications, with ST's chip-design skills and intellectual property including cyber-protection and sophisticated display-graphics control, the new chip is the first PCI secure SoC for mobile payment terminals to be based on a general-purpose microcontroller for robust performance and low power at a cost-effective price.
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by Versus Systems Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.