Posted by AGORACOM-JC
at 11:18 AM on Thursday, August 1st, 2019
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The 2019 report published by Q3 Global Digital Statshot shows
the number of viewers of esports games have breached the one billion
mark. The report comes in line with the number of people using social
media which has crossed the 3.5 billion.
‘Almost 1 billion people around the world have watched an esports
tournament in the recent months, with interest particularly high in
Asian countries,’ the report suggests.
Further, according to the conducted survey, almost 33% of the
internet users say they watch someone else play videogames, which makes
up the global audience of over 1.2 billion people.
The demographics says the story well, 32% users aged 16 to 24 say
they have watched an esports tournament compared to 31% who say they’d
like to watch conventional esports like football & cricket more.
Posted by AGORACOM
at 10:13 AM on Thursday, August 1st, 2019
American Creek owns a 20% Carried Interest to Production at Treaty Creek.
Intersect included a high grade portion of 1.095g/t gold over 370m
Broad intercept an indication of a deep system at Goldstorm Zone
Located on trend and 5 km Northeast of Seabridge’s KSM deposits
Goldstorm system increases in grade as it trends Northeast
Eric Sprott recently placed 1$M strategic investment with AMK
If you have not yet read the 2019 REPORT ON TREATY CREEK (potential world-class deposit in B.C.’s GOLDEN TRIANGE) click on the image for the fullreport.
Hub on Agoracom FULL DISCLOSURE: American Creek is an advertising client of AGORA Internet Relations Corp.
Posted by AGORACOM
at 9:40 AM on Thursday, August 1st, 2019
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Central banks’ insatiable appetite for gold dominated the marketplace between April and June, according to the latest data from the World Gold Council
Global gold demand totaled 1,123 tonnes in the second quarter, up 8% from the second quarter of 2018.
For the first half of the year, physical gold demand rose of 2,181.7 tonnes, its highest level in three years.
(Kitco News) –
Central banks’ insatiable appetite for gold dominated the marketplace
between April and June, according to the latest data from the World
Gold Council (WGC).
In its second-quarter Gold Demand Trends report, the council said
that central banks bought a total of 224 tonnes of gold between April
and June. Official gold reserves increased by 374.1 tonnes in the first
half of the year — “the largest net H1 increase in global gold reserves
in our 19-year quarterly data series,†the analysts said in the
report.
“Buying was again spread across a diverse range of – largely emerging market – countries,†the WGC said.
The WGC said that nine central banks bought gold in the first half of the year.
“Central
banks, like other investors, sought safety in gold as they looked to
protect themselves in the face of many looming risks,†the analysts
said.
The report said that global gold demand totaled 1,123 tonnes in the
second quarter, up 8% from the second quarter of 2018. For the first
half of the year, physical gold demand rose of 2,181.7 tonnes, its
highest level in three years.
The report highlighted renewed strength in key sectors of the gold
market. In particular, gold jewelry demand in India increased by 12% to
168.8 tonnes, compared to the second quarter of 2018. This was the best
year-over-year quarterly increase since the second quarter of 2017.
“Indian demand was boosted early in the quarter by the wedding
season and festival buying, before slowing sharply as the gold price
rallied in June,†the report said.
The WGC noted that India’s gold demand faces strong headwinds as purchases have come to a “virtual standstill.â€
“The slowing economic environment and restrictions on the movement
of cash during the elections were a drag on demand in April and May,â€
the report said.
The India gold market was also hit with higher tariffs in early July with import duties rising to 12.5% from 10%.
“Although we do not expect this to have a long-term impact on gold
demand in India, we do see it having a dampening impact on Q3,
particularly as gold prices have remained elevated,†the WGC said.
While India saw strong growth in the second quarter, the world’s
largest gold consuming nation saw its third consecutive quarterly drop.
The WGC said that Chinese jewelry demand dropped by 4% in Q2 to 137.8
tonnes.
“Demand ground to a halt once the June price rally began and
retailer’s promotional efforts could not tempt consumers back.
Reportedly, showrooms were deserted as the quarter came to a close,†the
analysts said.
ETF Investment Demand Remains Robust
The second quarter started on a sour note for gold investors but
ended with a bang, according to the report. Renewed interest in
gold-backed exchange-traded products led the investment surge,
increasing by 67.2 tonnes in the second quarter an increase of 99% from
the second quarter of 2018.
The gains were predominantly seen in June as the month saw inflows
of 126.7 tonnes, reversing April’s outflows of 57.2 tonnes. The WGC
said that total hold holding reached a six-year high of 2,548 tonnes in
the first half of the year.
“Geopolitical uncertainty, dovish monetary policy commentary by
central banks, and a rising gold price were among the key factors that
drove investors to increase their holdings,†the analysts said.
The WGC highlighted the growing trend of European and U.K. investors
leading the way in the gold market. It noted that U.K.-listed funds
accounted for 75% of all global inflows during the second quarter.
“Investors sought the safe haven of gold amid the uncertainty
surrounding Brexit and the leadership battle that followed Theresa
May’s resignation as Prime Minister,†the analysts said. “The sharp drop
in the value of the pound also fueled inflows during the quarter as
the U.K.’s growth prospects were cut following repeated failures in
Brexit negotiations.â€
The WGC added that historic negative bond yields in German bonds also added to gold’s investment appeal.
Lackluster Coin and Bar Demand
Although
investors have been jumping into gold-backed ETFs, interest in
physical gold was fairly muted. The WGC said that gold coin and bar
demand dropped 12% in Q2 to 476.9 tonnes, the lowest level since 2009.
They noted that June’s sharp price rally has weighed on physical demand.
“This market has been struggling for some time, with many
traditional gold investors focused on America’s healthy economic growth,
low unemployment, and continued wage growth,†the WGC said. “The gold
price rally in June triggered selling by some investors, and coin
premiums in the secondary market fell to their lowest level since
before the global financial crisis, spurring gold exports from the US
to Germany.â€
Tech Sector Sees Lower Gold Demand
Although not a significant factor for the physical gold market,
analysts said that the tech sector saw gold demand drop by 3% in the
second quarter to 81.1 tonnes.
“This was the third consecutive quarter of falling demand, due to a
range of challenges in the electronics sector, including the ongoing
trade dispute between China and the US. However, there are signs of
recovery and we expect declines to continue to slow throughout H2
2019,†the WGC said.
Gold Supply Rises Due To Record Production
The council noted that robust gold demand is being met with strong
production; the analysts said that gold supply increased by 6% in the
second quarter to 1,186.7 tonnes. The supply was led by record gold
production between April and June.
The WGC added that gold production increased by 2% to 882.6 tonnes
in the second quarter. “This is a record level of global output for a
second quarter and follows on from a Q1 record of 847.5t.
Global gold production was let by Canada, Russia and the U.S. that
saw their domestic production increase by 9% in the third quarter.
Australia, which has reported record gold production in 2018 saw an
increase of 6% in the second quarter.
The WGC also noted an increase in recycled gold as consumers sold into higher prices late in the quarter.
Posted by AGORACOM
at 9:00 AM on Thursday, August 1st, 2019
Concerning the existing joint venture between Acacia and Advance Gold respecting the Gold Rim property in Kenya
Advance Gold has been notified that Barrick would like to renegotiate the terms of the agreement in principle.
One of the highest-grade intersections on the Liranda Corridor came from the joint venture ground, returning 6 metres of 30.9 g/t gold
Kamloops, British Columbia–(Newsfile Corp. – August 1, 2019) –
Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) wishes
to report that having reached a signed agreement in principle with
Acacia Mining plc (“Acacia”) concerning the existing joint venture
between Acacia and Advance Gold respecting the Gold Rim property in
Kenya, during the period of the proposed takeover of Acacia by Barrick
Gold Corp. (“Barrick), Advance Gold has been notified that Barrick would
like to renegotiate the terms of the agreement in principle.
Two of the three claims that make up the joint venture are to the
east and west of Acacia’s 100% owned property. The joint venture covers
approximately â…” of the Liranda Corridor, with Acacia’s 100% property
making up the remaining â…“ of the corridor. Acacia has spent
approximately $70 million on exploration and development on the Liranda
Corridor, with $5 million spent on the joint venture ground and the
remainder on Acacia’s 100% owned property.
The Liranda Corridor is in an Archean craton setting, with a large
deep-seated structure, and high-grade gold zones. One of the
highest-grade intersections on the Liranda Corridor came from the joint
venture ground, returning 6 metres of 30.9 g/t gold, see April 18/2016
news release. The remaining key exploration question for the joint
venture ground is concerning the continuity of the high-grade gold zones
which will require further exploration drilling.
Allan Barry Laboucan, President and CEO of Advance Gold Corp., commented: “After
months of negotiations to come to terms on an agreement in principle
concerning Advance Gold’s purchase of the Acacia interest in the joint
venture, it is disappointing that Barrick now want to renegotiate the
terms. The agreement in principle included no cash payments up front, or
stock at any time, a one-time $3 million payment upon commercial
production and a sliding scale royalty. The terms of the agreement would
allow us to focus funds on exploration and was something we could move
on. The joint venture ground is highly prospective having the key
criteria on a target like this, including the right age of the rocks, a
large deep-seated structure that runs throughout 2 of the 3 claims in
the joint venture. Most importantly, it has high-grade gold
mineralization drill confirmed in several areas as set out in the news release of April 18/2016and
is open for exploration to advance the known zones along strike and at
depth, as well as exploring for potentially more zones. We will assess
our various options that are described below. We are keenly eager to
advance the Kenya projects, but it must be on the right terms with funds
focused on exploration not on “upfront” cash payments, for us the funds
need to be focused on exploration drilling to move the Kenya projects
forward.”
The joint venture is owned 85.37% by Acacia and 14.63% by Advance
Gold. If during the joint venture either party decides to sell their
interest, the other party has a first right of refusal on any offering
price. If Advance Gold is diluted down to a 10% interest (approximately
$1.7 million in exploration to dilute to an NSR), then its interest
converts to a 3% uncapped net smelter royalty (NSR). In the event that
Advance Gold is diluted to an NSR, Acacia Mining has no first rights of
refusal and the NSR can be sold directly to any interested party. Both
parties have the right to dilute the other down if the other party
decides to not contribute exploration funds.
Julio Pinto Linares is a QP, Doctor in Geological Sciences with
specialty in Economic Geology and Qualified Professional No. 01365 by
MMSA., for Advance Gold and is the qualified person as defined by
National Instrument 43-101 and he has read and approved the accuracy of
technical information contained in this news release.
About Advance Gold Corp. (TSXV: AAX)
Advance Gold is a TSX-V listed junior exploration company focused on
acquiring and exploring mineral properties containing precious metals.
The Company acquired a 100% interest in the Tabasquena Silver Mine in
Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas
state, in April, 2018.
The Tabasquena project is located near the Milagros silver mine near
the city of Ojocaliente, Mexico. Benefits at Tabasquena include road
access to the claims, power to the claims, a 100-metre underground shaft
and underground workings, plus it is a fully permitted mine.
Venaditas is well located adjacent to Teck’s San Nicolas mine, a VMS
deposit, and it is approximately 11km to the east of the Tabasquena
project, along a paved road.
In addition, Advance Gold holds a 14.63% interest on strategic claims
in the Liranda Corridor in Kenya, East Africa. The remaining 85.37% of
the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold
Corporation).
For further information, please contact:
Allan Barry Laboucan, President and CEO Phone: (604) 505-4753 Email: [email protected]
Posted in Advance Gold, All Recent Posts | Comments Off on Advance Gold $AAX.ca Reaches Agreement in Principle with Acacia Mining – Barrick Wants to Renegotiate Terms Since Agreeing To Takeover Of Acacia $ACA.gbx $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON
Posted by AGORACOM-JC
at 8:57 AM on Thursday, August 1st, 2019
SPONSOR: Betteru Education Corp.
aims to provide access to quality education from around the world. The
Company plans to bridge the prevailing gap in the education and job
industry and enhance the lives of its prospective learners by developing
an integrated ecosystem. Click here for more information.
BTRU: TSX-V
Sequoia adds USD 200 million to its sixth India fund in a warming market
The venture capital firm originally targeted at 1 billion for its sixth Indian fund.
By Priya Pradeep Thu Aug 01 2019
Sequoia has been one of the most active investors in India over the
past decade, with investments across a wide array of sectors, from
high-profiled hotel chain Oyo Rooms, edtech upriser Byju’s, to SaaS
service Freshworks, all of which are local unicorns.
Sequoia India, the country’s largest venture capital after raising its USD 695 million sixth fund last August, is looking to add an additional 200 million dollars to the fund, per local financial media Mint. If the financing coming through, it’ll push the fund size closer to the 1 billion Sequoia originally targeted but eventually had to slash due to the then market conditions.
The move is driven by a growing market and reignited interests from limited partners (LPs), anonymous sources told Mint. More than 80% of Sequoia’s LPs are non-profits — universities, endowments, charities, and foundations.
Sequoia manages around USD 4.5 billion assets across several funds in
India. It’s bigger than the other tier-1 venture capital funds in the
country, including the likes of Nexus Venture Partners (1.39 billion as of now) and Accel.
Sequoia has been one of the most active investors in India over the
past decade, with investments across a wide array of sectors, from
high-profiled hotel chain Oyo Rooms, edtech upriser Byju’s, to SaaS
service Freshworks, all of which are local unicorns. In the first half
of this year, it has invested in 32 local startups, making it the most
prolific Indian investors during the period.
In total Sequoia has more than 200 companies in its Indian portfolio.
Since its inception in India in 2006, Sequoia followed a two-pronged
strategy in the market: invest in early-stage start-ups and those that
are into technology or are technology-enabled. In addition to local
investments, the firm also sets eye on neighboring and other regions. It
intends to disburse 20-30% of its corpus in Southeast Asia.
The Silicon Valley venture capital’s Indian arm also has stakes in
Australia’s online healthcare services provider HealthEngine,
Bangladesh’s online merchant marketplace ShopUp, and the
Stockholm-headquartered caller identity app Truecaller.
Sequoia India is making decent proceeds from selling or exiting some
of its investees, one of the reasons for the renewed interests from LPs.
In December 2018, Sequoia India sold a part of its stake in Byju’s
for USD 190 million, after investing USD 50 million across rounds since
2015. It still holds a minority stake in the company. Additionally, it
stands to make USD 500 million from investing USD 25 million across
rounds in Oyo Rooms, where its founder Ritesh Agarwal announced a USD
1.5 billion share buyback.
Sequoia has recently launched Surge, an accelerator programme
dedicated to invest exclusively at the seed stage for start-ups in India
and Southeast Asia.
The program, headed by Rajan Anandan, former VP, India and Southeast
Asia, Google, aims to invest in 30-40 start-ups annually for four months
and invest USD 1-2 million in each company. The launch of Surge
signifies that Sequoia, which typically invests more in growth and later
stage companies, is moving upstream into the early stage in a changing
market.
Posted by AGORACOM-JC
at 5:38 PM on Wednesday, July 31st, 2019
SPDR: TSX-V
WHY SPYDER CANNABIS?
Developed a scalable retail model with
aggressive expansion plan to create a significant retail footprint and
establishing strategic partners as a top priority
Targeted and disciplined retail distribution strategy focusing on high quality, high traffic peripheral areas
Focused strategy aimed at vertical,
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Opened two additional stores in July for a total of 5 locations
The Opportunity
Established Product Portfolio
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Posted by AGORACOM-JC
at 4:19 PM on Wednesday, July 31st, 2019
SPONSOR: Tartisan Nickel (TN:CSE)
Kenbridge Property has a measured and indicated resource of 7.14
million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has
interests in Peru, including a 20 percent equity stake in Eloro
Resources and 2 percent NSR in their La Victoria property. Click her for more information
Nickel spot prices were up sharply in July, and the LME inventory was lower and remains near a 7 year low.
Nickel market news – Forecasters are generally bullish on the outlook for nickel.
Nickel company news – Anglo American to return up to $1 billion to shareholders.
Matt Bohlsen
Investment advisor, portfolio strategy, growth at reasonable price
Welcome to the nickel miners news for July. The past month saw nickel
prices rise sharply and LME inventories fall again and remain near a ~7
year low. Most other base and EV metals declined but nickel is rising,
most likely due to the very low inventory levels and strong demand
boosted by the EV sector.
Nickel price news
As of July 25, the nickel spot price was US$6.35/lb, up sharply (13%) from US$5.62 last month.
The following charts show that the excess nickel inventories since
2013 have been worked off now and nickel prices are finally starting to
respond higher. It may still take a few months to play out, but 2020
should be a good year for nickel (assuming China does ok).
2016 was lithium’s year, 2017 was cobalt’s year, and 2018-2020 are
likely to be nickel’s years as nickel inventories decline and nickel
prices finally start to rise. Strong Chinese and global stainless steel
demand and ever increasing demand from electric vehicles [EVs] using
higher nickel content batteries NMC (8:1:1).
Note: The US-China trade war has subdued China’s growth and reduced sentiment, which has not helped nickel prices the past year.
Note: Some others such as BMI have been forecasting a nickel surplus by 2020 due to increased Indonesian production and reduced Asian demand.
As a reminder the November 2017 McKinsey report
stated: “If annual electric vehicle [EV] production reaches 31 million
vehicles by 2025 as expected then demand for high-purity class 1 nickel
is likely to increase significantly from 33 Kt in 2017 to 570 Kt in
2025.” That is a 17 fold increase in just 8 years, albeit only on Class 1
nickel.
Posted by AGORACOM-JC
at 12:27 PM on Wednesday, July 31st, 2019
SPONSOR: Esports Entertainment
$GMBL Esports audience is 350M, growing to 590M, Esports wagering is
projected at $23 BILLION by 2020. The company has launched VIE.gg
esports betting platform and has accelerated affiliate marketing
agreements with 190 Esports teams. Click here for more information
GMBL: OTCQB
———————–
Gary Vaynerchuk on Investing in Esports, the Opportunity Ahead
Vaynerchuk is a brand unto himself, and a very public face of his companies.
He may be new to esports, but given his reach, reputation, and vibrant personality, it’s no surprise that he is likely to also be a public face for Minnesota’s Call of Duty organization.
“I’ve been really paying attention in
the back row for four to five years,†he told The Esports Observer. “I
literally remember when Justin.tv became Twitch, and so it’s been on my mental radar for a little while.â€
As the chairman of media holding
company VaynerX and CEO of digital agency VaynerMedia, Vaynerchuk is one
of the most visible investors to enter esports to date. The 43-year-old
transformed his family’s wine shop into an online success story
beginning in the late ’90s, and has gradually parlayed that momentum
into a large social media presence (with several million followers
across platforms), five New York Times bestselling books, angel
investments in tech giants such as Twitter, Facebook, and Uber, and many
other opportunities.
Given his status as a prominent
investor, Vaynerchuk said that he’s seen “tens of thousands†of queries
about esports-related opportunities pass across his desk over the years,
but that only about 15 of them led to serious conversations and
meetings. One potential opportunity came from an undisclosed Overwatch League ownership group early in the league’s genesis, said Vaynerchuk, but he didn’t pursue it.
Part of what made Vaynerchuk’s investment in WISE Ventures’Call of Duty League franchise appealing was a close connection with the group’s Wilf family, which also owns the NFL’s Minnesota Vikings.
“One thing that I’m realizing about
myself is that I’m really about people, comfort, happiness, and control,
and all of these things. I’ve known the Wilf family for almost 15 years
because they actually live in the area where my wine business is,†said
Vaynerchuk, who was introduced to the family by a senior executive in
the Wilfs’ real estate organization in New Jersey. “We’ve really had
these nice human vibes towards each other for years, and then as my
professional career started to evolve from wine into many other things, I
started building even more of a relationship here and there, subtly.â€
Vaynerchuk said that he was thrilled
to see the Wilf family purchase the Minnesota Vikings in 2005,
“especially when my career ambitions are to buy the New York Jets,†he
added. He has also met with Activision Blizzard CEO Bobby Kotick and
watched the evolution of the Overwatch League from an idea to a 20-team league on the verge of hosting matches in every home market, plus he feels that Call of Duty has the versatility and track record to thrive.
“I’m completely convinced that Minnesota and the five or six
surrounding states right now have the best 11-year-old at some game in
the world.â€
“Call of Duty
has proven to me over the last half-decade and more that it’s a
franchise that can evolve,†said Vaynerchuk. “I think that a lot of
these leagues are predicated on: How long is the franchise? Are you Zelda and Super Mario, or are you Kid Icarus, right? That’s how I think about everything. Call of Duty intuitively feels like it has the potential to be more Mario than Kid Icarus, which then gives the league longevity. Otherwise, you’re at the mercy of the IP.â€
Gary Vee-sports?
Minnesota isn’t considered one of the
esports capitals of the United States at present, but Vaynerchuk sees
that as an opportunity more than a challenge. He believes that there’s
enough demand for live esports events “in most parts of the country,â€
and said that establishing a geolocated esports franchise in the region
could also give the team leverage in mining homegrown talent from
Minnesota and surrounding states.
“I’m completely convinced that
Minnesota and the five or six surrounding states right now have the best
11-year-old at some game in the world,†he said, “so I see it as an
opportunity.â€
Vaynerchuk is a brand unto himself,
and a very public face of his companies. He may be new to esports, but
given his reach, reputation, and vibrant personality, it’s no surprise
that he is likely to also be a public face for Minnesota’s Call of Duty
organization. He anticipates being heavily involved with the team and
believes that he will be able to help with recruiting talent.
“We spoke about that quite a bit, as
you can imagine,†he said of his role on the team. “I’m in it for the
learnings, because I want to be close to culture and youth, and
innovation. Probably more than most things, in a lot of ways.
“Listen, I mean, this is a recruiting
game,†he continued. “This is ludicrous for me to say, but as my level
of awareness grows and a lot of esports players have a lot of
entrepreneurial ambitions—I’m not remotely close to Jay-Z’s sphere, but
when you think about Jay-Z and Roc Nation, Jay-Z’s impact on the
Brooklyn Nets is real. Not that I carry that weight, but ironically to
this set of entrepreneur-laden players, I do believe we will sign a free
agent that really fucking matters on the back of me.â€
“I think esports is a top-four sport in America when I’m 62 years old, and I want to be a part of that.â€
Given his status as a survivor of the
dot-com bust, Vaynerchuk said that the rush for some investors to throw
money at esports in search of success reminds him a lot of that
formative time period in internet history. “I think it’s similar to 1999
internet,†he said. “There’s a lot of places to lose money, but I think
that just like 1999 internet, that in 20 years, the people that have
navigated it thoughtfully and carefully have a whole lot to gain.â€
Vaynerchuk sees “macro acceptanceâ€
ahead for esports in mainstream culture, he said, as more people come to
acknowledge and appreciate competitive gaming and its impact on
entertainment and society. In fact, he believes that more parents will
encourage their kids to play games at a high level to secure
scholarships, “which is obviously the complete reverse of what parents
did when I was growing up playing videogames,†he added.
Joining WISE Ventures’ Call of Duty
League ownership group is Vaynerchuk’s first esports investment after a
long period of consideration, but it won’t be his last. He’s not sure
where his next investment in the space will come from, but he sees big
things in the future.
“I don’t know what,†he said about
potential next investments, “but I think esports is a top-four sport in
America when I’m 62 years old, and I want to be a part of that.â€
Posted by AGORACOM
at 11:48 AM on Wednesday, July 31st, 2019
SPONSOR: GGX Gold Corp (TSX-V: GGX) GGX’s Gold Drop Property resides within a multi-million ounce gold producing region in British Columbia. The property holds the C.O.D. Vein and recently discovered Everest Vein. GGX has initiated 2019 drilling at Gold Drop. Click Here for More Info
Expectations are the Fed will cut rates by 25 basis points
Falling interest rates make metals more attractive
Tie in bullish technicals with a clueless Fed and we should see higher gold and silver prices.
Yesterday we wrote that gold and silver would probably be quiet and
flat until after the Fed reported on Wednesday. It now looks like the
metals are trying to get a jump on the Fed and have started to rally
early.
Friday saw gold
trade as low as $1,412 and suddenly the metal is back over $1,440.
There was a late-day rally Monday with some early morning follow-through
today. The key to watch in gold is the $1,450 level, since a close
above would signal $1,500 is not far behind. Silver looks like it wants to join the rally and push through $17.
Expectations are the Fed will cut rates by 25 basis points; that
would be bullish for the metals. Falling interest rates make metals more
attractive. Tie in bullish technicals with a clueless Fed and we should
see higher gold and silver prices.
Posted by AGORACOM-JC
at 11:41 AM on Wednesday, July 31st, 2019
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EKG: TSX-V ———————-
Market Report on Global Smart Healthcare Market is to Witness Highest Growth in near future Forecast
Smart healthcare market is poised to grow at an exponential rate owing to the rapid technological advancements in the healthcare IT, such as development of EHR, mhealth, and telemedicine
Here we have an in-depth study of the Global “Smart Healthcare Marketâ€, which analyzes past as well as recent Smart Healthcare Market values along with detailed market information to capture many factors such as market trends, anticipated future market conditions, challenges, risk and various opportunities during the forecast period from 2018 to the upcoming year 2023. It is precisely stated that data about the Smart Healthcare market will certainly help stakeholders and other business vendors to get a significant understanding of the handling of the Smart Healthcare market globally. All over the world. The report provides a detailed overview of the Smart Healthcare Industry and is then segmented on the basis of product type, key manufacturers, applications and regions.
The global smart healthcare market is projected to grow at a CAGR
of 9.2% over the forecast period (2018 – 2023). This report provides
information about the leading players in the market and a corresponding
detailed analysis of the top vendors in the smart healthcare market. In
addition, the report discusses the major drivers that influence the
growth of the market. It also outlines the challenges faced by the
vendors and the market at large, as well as the key trends that are
emerging in the market.
The smart healthcare market is poised to grow at an exponential rate
owing to the rapid technological advancements in the healthcare IT, such
as development of EHR, mhealth, and telemedicine. Also, wearable
healthcare devices that are used in tracking and monitoring of health
conditions, body temperature, remote cardiac, calories burnt, and sleep
statistics are witnessing huge growth. Introduction of technologies such
as big data analytics within this sector will drive the prospects for
the growth of the healthcare market.
Rapid Technological Advancements are Driving Market Growth
The key factors driving the global smart healthcare market are the
rapid technological advancements in the healthcare industry. The
development of smart healthcare devices such as smart syringes, smart
pills, and smart bandages that are capable of monitoring patient’s
healing procedure remotely and minimize the risks involved during the
usage of syringes are expected to drive the market growth over the
forecast period. However, lack of awareness and constraints related to
budget are the factors restraining the growth of the market.
mHealth is Expected to Grow Exponentially over the Forecast Period
The mHealth segment is expected to witness a high growth rate owing
to key elements that are leading to its fast development, such as its
ability to provide information about the factors that are leading to a
disease and reduce overall health risks, rising frequencies of unending
infections, for example, tumor, heart diseases, and diabetes. Also,
swift advancement and expanding buying power of consumers has brought
about proliferation of PDAs, alongside 3G and 4G systems, which is
expected to be an essential achievement factor for the development of
the worldwide mHealth market.
North America is the Major Contributor for the Market.
The North American market is the highest contributor to smart
healthcare owing to the presence of developed IT and healthcare
infrastructure and high expenditure on healthcare. The US is the major
contributor to the North American market, because of early adoption and
huge investment. The Asia-Pacific market is the fastest growing smart
healthcare market and is expected to grow at a faster pace during the
forecast period as compared to other regions.
Key Developments in the Market
• November 2017 – Cisco and INTERPOL agreed to share threat
intelligence as a first step in fighting cybercrimes jointly. This
alliance is expected to witness two organizations develop a coordinated
and focused approach towards sharing data. • November 2017 – IBM
acquired Vivant Digital Business to address the growing needs of clients
seeking transformation though Digital Reinvention.
