Massive Growth in Internet of Things (IoT) Market Evidenced by Skyrocketing Number of Connected Devices

PALM BEACH, Florida, May 24, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

The global Internet of Things (IoT) market is experiencing astronomical growth as Ericcson forecasts the number of IoT devices will surpass the number of mobile phones by the end of 2018. These devices include cars, wearable tech and other forms of consumer electronics. Ericcson further believes that the number of IoT devices will amount to 18 billion by 2022. This massive growth will translate to a market cap near $200 billion in 2023 according to analysts at ReportsnReports. The growth of this market is supported by underlying advancements in various technological platforms, including image sensors and data management systems. Additionally, the need for advanced data analytics in the business landscape is influencing significant investment into developing the market. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC: GOPH), NVIDIA Corporation (NASDAQ: NVDA), Quest Solution Inc. (OTC: QUES), Micron Technology Inc. (NASDAQ: MU), Advanced Micro Devices Inc. (NYSE: AMD).

Gopher Protocol Inc. (OTCQB: GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, increases the number of Board Seats for the company to seven.

As part of Gopher's preparation to submit its application to list on a National Exchange, Gopher has added three additional Board Members, Robert Yaspan, Judit Nagypal and Ambassador Ned L. Siegel (Ret.). Mr. Yaspan will serve as Chairman of the Board of Directors. Ms. Nagypal and Ambassador Siegel will be considered independent directors. These appointments bring the total number of Board Members to seven, including three independent directors. In addition to Ms. Nagypal and Ambassador Siegel, the independent directors include Muhammad R. Khilji, CPA, who shall be appointed as Chairman the Audit Committee and the Audit Committee Financial Expert, upon establishment.

The Board has assigned Mansour Khatib as Interim CEO following Gregory Bauer's resignation for personal reasons. In addition to Interim CEO, Mr. Khatib will continue his role as Chief Marketing Officer and Secretary. Mr. Bauer will keep working for Gopher as a consultant assisting to identify opportunities in the prepaid financial markets. Michael Murray, a Director of Gopher, has been appointed President of Gopher, to assist Mr. Khatib with the day to day operations.