Life On Earth Inc (fka LFER)

[sharky]

SmartAxiom Acquisition:

The significance of this acquisition is in SmartAxiom’s patented core technologies-based Internet of things (IoT) solutions. These solutions address the high growth, secure enterprise solution industries, that include Supply Chain Management, Smart Buildings, Warehouse and Asset Management, and the Industrial IoT. Each of these industries have experienced significant turmoil due to vulnerabilities in the end-to-end data communication from IoT edge devices. These business systems include edge devices, cloud-based applications with M2M communications, and governance. According to Mordor Intelligence, the global IoT market is expected to reach USD $1.3 trillion by 2026 from $761.4 billion in 2020 at a CAGR of 10.53%, during the forecast period (2021-2026). The CISION Jan 21, 2021 report, estimates global IoT in Manufacturing market size is projected to reach USD 1,038.8 Million by 2026, from USD 567.2 Million in 2020, at a CAGR of 10.6% during the forecast period 2021-2026. Automation is a key enabler improving efficiencies and productivity gains driven by IoT in manufacturing. The growth in US dominated manufacturing industry is expected due to IoT, big data, edge computing, and mobility in North America Region. A similar growth potential is forecasted by Gartner, Mordor Intelligence and Information Matters, predicting IoT markets to grow by 5.8 billion end-points in 2020 a 21% increase from 2019. IDC is forecasting spend growth of 8.2% YoY to $7.2 B in 2020 with a CAGR of 11.3% over the 2020-2024.



In brief, we are looking at global market of approximately $1.3 Trillion by 2026 with deployment of IoT devices in the range of 5-6 billion annually within the foreseeable next few years.



$LFER