SPYR Inc. (SPYR) Probing Considerations Aimed at Fueling Expansion Amid Expected Growth in the Internet of Things
The ‘Internet of Things’ market is expected to reach a value of between $5.5 trillion and $12.6 trillion by 2030, from $745 billion in 2019, driven by contributions from both businesses and consumers SPYR Inc., through its subsidiary Applied Magix Inc., is considering aligning its interests to tap into this anticipated rapid growth The company is considering developing software for non-branded smart products, adding smart LED lighting products to its portfolio of HomeKit-enabled smart products, and acquiring new product lines or intellectual property Research released late last year by multinational consulting firm McKinsey posits that the Internet of Things (“IoT”)…