SPYR Inc.’s (SPYR) GeoTraq Is Looking to Change the Narrative in the Location Based Services Market through the Development of Unique State-of-the Art IoT Modules
Technology company SPYR recently completed the acquisition of mobile IoT technology company GeoTraq, Inc. GeoTraq develops state-of-the-art mobile IoT modules, specifically designed to fit the unique and unmet needs of the low-end IoT market Major players have focused on developing and selling complex and expensive high-end IoT systems, with little attention paid to the larger low-end market GeoTraq is targeting this underserved segment through uniquely-engineered products that are battery-compatible and easy to deploy This year, the global location-based services (“LBS”) market is expected to reach a value of $70.16 billion, representing a CAGR of 25.5% from $55.92 billion last year.…