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EDIGITAL INSPIRING FUTURE CONSUMER PRODUCTS WITH FOUNDATIONAL TECHNOLOGIES
The cybersecurity market was worth $75 billion in 2015, according to Forbes. eDigital faces tough competition from larger and rich companies that also own proprietary solutions. So, it tries to gain a foothold in the online security market by partnering with smaller companies that have an established presence in the sector, according to eDigital President and CEO Fred Falk.
eDigital sees an opportunity in the rapidly growing market, also known as the Internet of Things (IoT), and wants eDigital to cash in on it through product design. Nunchi is poised to play a key role in the future of mobile communications and the IoT, according to Falk. Statista estimated the U.S. smart home market’s value at $6 billion annually. In this market, the potential of Nunchi, which allows devices to communicate and monitor remote locations, is on security cameras.
The connected home industry is increasingly becoming more reliant on the collection of data from remote sensors to determine the required response and the Nunchi technology has this capability, Falk said.
