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Cloud DVR Market to Grow by USD 25.53 Billion from 2024-2028, AI and Technological Advancements Driving Industry Growth – Technavio Report

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NEW YORK, Sept. 6, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global cloud dvr market size is estimated to grow by USD 25.52 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  30.29%  during the forecast period. Emergence of technologically advanced devices is driving market growth, with a trend towards evolution of next-generation video streaming devices. However, high adoption of free online video streaming  poses a challenge. Key market players include AT and T Inc., Ateme SA, Charter Communications Inc., Cisco Systems Inc., Clark Howard Inc., Comcast Corp., CSC Holdings Ltd., EchoStar Corp., Estherville Communications LLC, Harmonic Inc., Jefferson Telecom, LG Electronics Inc., Motorola Solutions Inc., Telefonaktiebolaget LM Ericsson, Velocix, Verizon Communications Inc., Verkada Inc., Volcano Communications Group, and Xperi Holding Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Cloud Dvr Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 30.29%

Market growth 2024-2028

USD 25526.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

23.33

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 30%

Key countries

US, China, Germany, Canada, and Mexico

Key companies profiled

AT and T Inc., Ateme SA, Charter Communications Inc., Cisco Systems Inc., Clark Howard Inc., Comcast Corp., CSC Holdings Ltd., EchoStar Corp., Estherville Communications LLC, Harmonic Inc., Jefferson Telecom, LG Electronics Inc., Motorola Solutions Inc., Telefonaktiebolaget LM Ericsson, Velocix, Verizon Communications Inc., Verkada Inc., Volcano Communications Group, and Xperi Holding Corp.

Market Driver

The digital video content and video services market have seen significant advancements in technology, leading to the creation of new product categories. Since the introduction of the Roku XD/S video streaming device in 2008, vendors have invested heavily in developing technologically advanced devices. Initially, these devices were limited to modern set-top boxes delivering Internet and streaming videos directly to TVs. Notable video-streaming devices in the global market include Roku, Google Nexus Player, Apple TV, and Amazon Fire TV. Over the years, these devices have evolved, with the emergence of plug-and-play options like Roku Streaming Stick, Google Chromecast, and Amazon Fire TV Stick. These devices offer consumers easy access to a vast array of Internet content, including digital video streaming on their TVs, simply by plugging the device into the USB port. With ongoing technological advancements and increasing R&D investments from tech giants like Apple and Google, Technavio anticipates the launch of more plug-and-play devices during the forecast period, intensifying competition in the global cloud DVR market and driving its growth. 

Cloud DVR, or cloud-based Digital Video Recorder, is a trending technology in the world of TV and video content. It allows customers to record and store their favorite Live TV shows and POD content in central cloud storage instead of relying on physical hard drives. This shift from traditional DVRs to cloud DVRs is driven by the increasing popularity of IPTV, OTT services, and the Internet. Television networks and pay-TV providers are adopting this technology to offer time-shifting features, ad-skipping, and addressable advertising. Hybrid cloud DVRs combine the benefits of traditional Satellite DVRs with the convenience of cloud storage. Technology leaders like Velocix and Broadpeak are providing cloud DVR solutions to operators and video service providers. The regulatory framework and copyright instructions are key considerations for businesses in this space. However, the adoption pace is high due to the convenience of multi-device activation, personalised ads, and SSAI (Server-Side Ad Insertion) options. The lifecycle of this technology includes Cloud VRM (Video Rights Management) and as-a-service options. Business opportunities lie in providing personalised ads, time-shifted content, and on-demand services to TV viewers. 

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 Market Challenges

Paid TV subscription services face increasing competition from free Internet TV platforms like YouTube and Hulu. Consumers may be hesitant to buy TV subscriptions due to the availability of these free services. Internet TV is accessible through a public network, impacting the revenue of paid services and, consequently, the cloud DVR market. Online video streaming’s popularity, particularly in sports and movies categories, is on the rise. However, many of these websites lack copyrights, making it challenging to regulate them. The constant shifting of streams to new domains complicates efforts to curb copyright infringement, posing a significant obstacle to market growth during the forecast period.In the rapidly evolving world of media and entertainment, the Cloud DVR market is experiencing significant growth. With the surge in OTT services and the increasing use of the internet for online video consumption, pay-TV providers are turning to Cloud DVR technology to stay competitive. Companies like Velocix and Broadpeak are leading the charge, offering solutions for multi-device activation, addressable advertising, and SSAI. However, regulatory frameworks and copyright instructions pose challenges for businesses in this space. Operators must navigate the lifecycle of video services, from adoption pace to monetization techniques, while addressing consumer buying behavior in commercial and residential markets. Child markets and application industries also present opportunities for growth. Inorganic growth through acquisitions and partnerships may be necessary to stay ahead in this competitive landscape.

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Segment Overview 

This cloud dvr market report extensively covers market segmentation by  

Platform 1.1 Hybrid1.2 IPTV1.3 SatelliteType 2.1 HEVC2.2 MPEG-42.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Hybrid-  Hybrid cloud DVR is a growing segment in the cloud DVR market, combining satellite and IPTV technologies. This innovation allows users to access Internet content, store publish-on-demand (POD) and over-the-top (OTT) services. The popularity of hybrid cloud DVRs is driven by the need for family time in today’s fast-paced world. The versatility of this technology, which enables the storage of both broadcast and broadband content, makes it an attractive option. By providing TV reception and internet access, hybrid cloud DVRs fuel the global cloud DVR market’s growth during the forecast period.

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Research Analysis

Cloud DVR, or Cloud Digital Video Recorder, is a technology that allows customers to record and store live TV shows and on-demand content in central cloud storage instead of using a physical hard drive box. This innovation enables users to access their recorded content from multiple devices, making it a popular choice among consumers. The adoption pace of Cloud DVR is accelerating as technology advances, and video service providers are increasingly offering this product or service to remain competitive. Central cloud storage offers several advantages, including the ability to store a larger amount of content and access it from anywhere. However, the implementation of Cloud DVR comes with challenges such as ensuring secure and reliable storage, managing digital signals, and addressing economic, political, and social scenarios like addressable advertising, multi-device activation, and SSAI for commercial and residential applications. The lifecycle of Cloud DVR is still in its early stages, and its impact on the industry will continue to unfold as more operators and content providers embrace this technology.

Market Research Overview

Cloud DVR, or cloud-based Digital Video Recorder, is a technology that allows customers to record and store live TV shows and other content in central cloud storage instead of using a physical hard drive box. The technology utilizes digital signals transmitted over the internet, IPTV, or satellite, enabling time-shifting features such as ad-skipping and multi-device activation. The adoption pace of Cloud DVR is increasing due to the convenience and flexibility it offers to TV viewers. Technology companies like Velocix and Broadpeak are pioneering this field, offering solutions to video service providers and operators for implementing Cloud DVR as-a-service. The regulatory framework and copyright instructions are crucial considerations in the implementation of Cloud DVR. The market for Cloud DVR is expanding, with opportunities for monetization techniques such as addressable advertising, SSAI, ad insertion, and ad replacement through personalised ads. The technology is also applicable to both commercial and residential sectors, and its lifecycle includes product or service offerings, pricing analysis, and inorganic growth through acquisitions and partnerships. The child markets for Cloud DVR include OTT services, POD content, and on-demand services. The technology’s application industries include media and entertainment, consumer electronics, and telecommunications. The economic, political, and social scenarios that influence the adoption of Cloud DVR are diverse and complex, requiring a managed services team to ensure successful implementation and ongoing support.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformHybridIPTVSatelliteTypeHEVCMPEG-4OthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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HighByte Launches Namespaces, Releases Next-Generation Industrial DataOps Solution for Global Manufacturers

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Industrial software company announces HighByte Intelligence Hub version 4.0, accelerating adoption of Unified Namespace architectures

PORTLAND, Maine, Oct. 9, 2024 /PRNewswire/ — HighByte®, an industrial software company, today announced the release of HighByte Intelligence Hub version 4.0 with new Namespaces and Smart Query capabilities that advance the Unified Namespace (UNS) architectural pattern and address the key challenges to its adoption. Together, Namespaces and Smart Query enable data engineers to visually design, organize, and govern a UNS and query across it. The major release also includes a refined data modeling engine that makes it easier to create, manage, and validate more complex models and a native integration with Inductive Automation’s Ignition platform, enabling users to easily integrate this leading SCADA and IIoT platform into their enterprise data strategy.

“HighByte Intelligence Hub is crucial to our industrial data strategy. It allows us to break down silos and deliver structured data into a unified namespace,” said Brent Wassell, Principal IT Business Analyst at McNeilus, an Oshkosh Corporation Business. “The native integration with Ignition changes the game, allowing for greater scalability and faster deployments across our operations to drive digital transformation.”

HighByte Intelligence Hub is an Industrial DataOps solution that contextualizes and standardizes industrial data from diverse sources at the edge to help bridge the gap between OT and IT systems, networks, and teams. HighByte leads the evolving Industrial DataOps market with the most complete solution to optimize the orchestration of usable industrial data across the enterprise.

“Industrial connectivity is evolving beyond just linking industrial systems. It’s about creating a data-driven ecosystem. With advancements like DataOps, manufacturers can access and manage data more efficiently than ever, unlocking new levels of productivity and operational intelligence,” said Anand Taparia, Principal Analyst at IoT Analytics, a leading global provider of market insights. “The global industrial connectivity market is projected to grow from USD $89 billion in 2023 to USD $104 billion by 2028, with software, especially DataOps, being the fastest-growing segment at 49% CAGR.”

The latest release also includes major updates to Pipelines, improving data orchestration and observability and establishing Pipelines as the center of data movement in the Intelligence Hub. New Flow, Event, and Polled stages support time and event-based triggers. Additionally, Model and Model Validation stages have been added to help enforce data governance. Users can also expect a completely new UX that centers configuration around Pipelines with its intuitive graphical builder.

HighByte Intelligence Hub version 4.0 is now commercially available. All new features and capabilities introduced in version 4.0 are included in standard pricing. Please contact HighByte or an authorized distributor to request a trial or purchase a subscription license.

Additional Resources

Read more about HighByte Intelligence Hub version 4.0Download the Data Modeling Guidebook See all company and product news 

About HighByte
HighByte is an industrial software company in Portland, Maine USA building solutions that address the data architecture and integration challenges created by Industry 4.0. HighByte Intelligence Hub, the company’s award-winning Industrial DataOps software, provides modeled, ready-to-use data to the Cloud using a codeless interface to speed integration time and accelerate analytics. Learn more at https://www.highbyte.com.

HighByte is a registered trademark of HighByte, Inc.

Media Contact
HighByte
Torey Penrod-Cambra
Chief Communications Officer
+1 844.328.2677 x701
torey.penrod-cambra@highbyte.com

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Apollo GraphQL Unlocks the Value of Enterprise APIs with New Innovations

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Apollo Connectors for REST APIs available today to enable next-gen intelligent app development

Additional new product enhancements help enterprises improve developer efficiency and API performance

Coinbase, Indeed.com, JUCR among hundreds building their API strategies using Apollo GraphQL, also presenting this week at GraphQL Summit 2024 among many industry leaders designing, building, and operating GraphQL at scale

SAN FRANCISCO, Oct. 9, 2024 /PRNewswire/ — Apollo GraphQL, the GraphQL API Platform company, today announced Apollo Connectors for simplifying GraphQL API integration. Unveiled at GraphQL Summit 2024, this groundbreaking addition to Apollo’s product suite empowers organizations to leverage GraphQL as a complementary platform that sits atop existing services with minimal overhead, enhancing the flexibility, speed, and efficiency of API integration. By reducing the need for middleware and boilerplate code, Apollo Connectors further position Apollo at the forefront of the GraphQL API market. Apollo Connectors for REST APIs is available today in public preview.

Many organizations recognize the potential of GraphQL but struggle with managing various APIs and maximizing the value of their existing REST API investments, which often fetch too much or too little data. These challenges add complexity and cost, slowing innovation. As API ambitions scale to develop modern and intelligent applications, the Apollo GraphOS® platform offers an API platform approach that reduces the cognitive load on development teams, allowing them to focus on what matters most—delivering value.

The introduction of Apollo Connectors for REST APIs simplifies this transition further by allowing developers to integrate REST APIs into a federated GraphQL schema, incrementally or all at once, without incurring additional overhead. This pivotal advancement bridges the gap between traditional REST architectures and modern GraphQL deployments, enabling a unified, manageable, and more innovative API strategy across the organization. Apollo also celebrates the fifth anniversary of Apollo Federation, now considered the consensus standard for GraphQL in the enterprise.

“The pace of innovation, driven by AI and the demand for personalized digital experiences, means that organizations can no longer afford to delay modernizing their API strategies,” said Matt DeBergalis, CTO and co-founder of Apollo GraphQL. “Apollo Connectors for REST APIs allow teams to swiftly adapt by incrementally adopting GraphQL without overhauling existing systems. This isn’t just about simplification; it’s about staying competitive in an environment where speed and flexibility are critical. Apollo Connectors are designed to make that transition seamless and immediate.”

Key Features of Apollo Connectors for REST APIs include:

Declarative integration: Engineers can use a simple syntax within their GraphQL schema to connect directly to REST API endpoints, streamlining the process of mapping types and fields to underlying services.

Eliminating the GraphQL server: By eliminating the complexities of GraphQL server development and maintenance, Apollo Connectors reduces technical debt and allows teams to focus on delivering value faster.

Seamless onboarding: Apollo GraphOS provides integrated tooling and a smart editor for VSCode, ensuring a smooth onboarding process for teams of all sizes.

“Apollo Connectors makes it dramatically easier for enterprises to unify their API ecosystem with a federated GraphQL architecture,” said Rob Brazier, vice president of product at Apollo GraphQL. “Almost every organization of significant scale has a large REST API footprint. Apollo Connectors for REST APIs enable our customers to leverage that API footprint, integrating with it to drive innovation without wasting time on risky migrations or waterfall architectural transformations.”

Additional New Product Features Improve Scalability, Speed, and Developer Productivity

Apollo is also unveiling several enhancements to its platform, Apollo GraphOS, and its suite of tools aimed at improving enterprise scale, developer velocity, and platform performance:

Significant performance gains now in Apollo Router Core: Apollo Router Core, now with a new native query planner in public preview that delivers significant performance improvements, reduces resource usage, and cuts latency when processing and planning client requests.

As Apollo customers scale their graphs to handle more clients and increasingly complex use cases, they require a way to ensure that complex GraphQL operations do not compromise performance or lead to denial of service issues. Enterprise customers can use Apollo’s GraphOS Router, which now includes native demand control to help manage and limit operational complexity, to prevent performance slowdowns.

GraphOS Router also introduces entity caching with cache invalidation in public preview. API teams can now store key business entities, such as inventory and user records, in Redis for long-term caching, ensuring responsive and high-performing applications. They also have granular control over invalidating entries based on time to live, subgraph, type, and more. Apollo will also offer long-term support for it, ensuring that enterprises can rely on it for years to come.

Improved developer velocity and performance for API platform teams. Apollo continues to prioritize developer experience with the latest improvements in Rover, its leading command-line interface for GraphOS. The new workflow improvements in Rover integrate it more closely with GraphOS Studio and bring under-the-hood improvements that make it up to 10 times faster for developers to compose large-scale graphs.

Rover now executes commands in parallel and asynchronously, such as composition and fetching, improving speed and reliability, especially for large graphs. Native OS-level threading also makes local composition up to 10x faster.

Beyond performance improvements, Rover now supports subgraph mirroring, an automated workflow that allows developers to seamlessly fetch and test subgraph configurations on their local machines. This new enhancement eliminates the time-consuming manual setup previously required, enabling developers to quickly test new subgraphs and router configurations in a controlled environment, significantly boosting developer productivity. Download the latest Rover release.

Automatically enforce organization-specific standards with enhanced security and compliance. Apollo GraphOS introduces custom schema checks, a powerful new feature that addresses API platform teams’ demand for enhanced schema validation capabilities. This functionality allows organizations to integrate their own business logic, security policies, and governance rules into Apollo’s existing schema check workflow, ensuring that every schema change adheres to company-specific standards. The result is a more robust, flexible, and secure approach to maintaining schema integrity, allowing platform teams to uphold organizational standards in an automated manner while adhering to stringent organizational requirements.

“Our Apollo GraphOS platform and suite of tools give enterprises the capabilities they need to build next-generation intelligent applications,” said DeBergalis. “The enhancements we’re announcing today further our mission to make API platforms more powerful, flexible, and easier to use at any scale.”

Users can experience first-hand the ease of building an expansive GraphQL API through the power of Apollo Connectors for REST APIs. Start today for free.

Join the Conversation at GraphQL Summit 2024

Apollo GraphQL invites developers, engineers, and industry leaders to join us at the seventh annual GraphQL Summit 2024, where over 1,000 GraphQL enthusiasts have gathered in person this week in New York City and online. Sponsored by Xolv.io, Team Duality, and Moon Highway, GraphQL Summit will also be available virtually on November 7, 2024. Register now to explore the latest in GraphQL and API platform engineering and join in the conversation on LinkedIn and X by following #GraphQLSummit.

This announcement and more will be featured in the GraphQL Summit keynote delivered by DeBergalis, which can be viewed today via live-stream here beginning at 9 am EDT and covered on Apollo’s blog. For those unable to attend, GraphQL Summit Virtual will be held on Nov 7 and will feature announcements and presentations from the in-person event.

Customer Validation

“Our partnership with Apollo GraphQL has been key to supporting us to build our business at Coinbase and moving towards a fully federated GraphQL architecture. We’re breaking down our monolith into manageable subgraphs, reducing bottlenecks, and creating a more scalable system. Apollo empowers our teams to scale, innovate, and grow with confidence.” – Stephanie Saunders, Engineering Manager at Coinbase

“At Indeed, we rely on our primary graph, OneGraph, to manage traffic from our native apps, website, third-party vendors, and subsidiaries. Monitoring and controlling these interactions is essential to avoid excessive load on our supergraph and unnecessary fees from third-party APIs. With Demand Control, Apollo has provided us with a high-performance, out-of-the-box solution that safeguards our supergraph from costly operations. By estimating an operation’s complexity before execution, we now have enhanced control over traffic management and can effectively apply rate limits.” – Carlos Gomez, Software Engineer at Indeed.com

“With Apollo GraphOS and federated subscriptions, JUCR delivers seamless live updates to thousands of EV charging sessions across Europe, keeping our customers up-to-date in real-time during their charging experience.” – Max Grollman, Co-founder & CTO at JUCR

About Apollo GraphQL

Apollo GraphQL helps developers help the world by providing a better API platform across teams. Apollo’s open-source software is downloaded 25M times per month and its commercial GraphQL technologies power the most innovative brands today. Teams at Coinbase, New York Times, and Wayfair ship personalized, omnichannel experiences faster with a supergraph – a self-service GraphQL platform that spans any number of backend services. Serving over 5T requests in 2023, the Apollo GraphOS® platform simplifies API development with workflows and infrastructure to build, test, and ship supergraphs at any scale. Based in San Francisco, Apollo is backed by Insight Partners, Andreessen Horowitz, Matrix Partners, and Trinity Ventures. Learn more at: https://www.apollographql.com.

Contact

Jennifer Tyrseck
communications@apollographql.com
(203) 614-9530

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E-Home Household Services Holdings Limited intends to merge and acquire an AI access control system + smart community service company to expand the front-end industry chain.

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FUZHOU, China, Oct. 9, 2024 /PRNewswire/ — E-Home Household Services Holdings Limited (NASDAQ:EJH) (the “Company” or “eHome”), an integrated home services provider in China, announced today that it intends to merge and acquire Fuzhou Yunding Mutual Chain Information Technology Company Limited (hereinafter referred to as “Fuzhou Yunding”).

Fuzhou Yunding is a comprehensive Internet of Things information platform company mainly focusing on AI access control system + intelligent community services, and has obtained more than 20 authorized intellectual property rights. Its products are closely integrated with the government’s municipal governance and big data needs, and it has formed a multi-dimensional cooperation with the government, banks, and property companies in the form of commercial housing, public rental housing, guaranteed housing, and old districts, and has increased the cooperation and expansion of the channels of schools and parks to comprehensively promote the intelligentization of regional community management and operation throughout the life cycle. Comprehensively promote regional community management and operation of the whole life cycle intelligence.

At present, Fuzhou Yunding has landed more than 500 community projects in Fujian and Anhui, with more than 3 million online registered APP users. Many famous neighborhoods (e.g. Fuzhou Poly Champagne International), famous universities (Fuzhou University) and Xiamen Siming District Government use Fuzhou Yunding’s AI access control system and intelligent community services.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: “E-Home’s proposed merger and acquisition of Fuzhou Yunding Mutual Chain Information Technology Co., Ltd. is based on the company’s development needs, and Fuzhou Yunding combination of the two, can be from the Internet of Things information platform front-end access to domestic demand for service customers for E-Home, to achieve the integration of the industry from the front-end to the back-end, to improve the company’s market competitiveness and brand influence, but also E-Home to enter the AI industry + intelligent community services an important step. It is also an important step for E-Home to enter the AI industry + smart community service.”

About E-Home Household Service Holdings Limited

Established in 2014, E-Home Household Service Holdings Limited is a Nasdaq-listed household service company based in Fuzhou, China.

The company is mainly involved in: 1. Home appliances, smart home installation, maintenance; 2. Housekeeping, nannies, maternity matron and cleaning services; 3. Internet aging + home care; 4. Units of public places cleaning. After years of development, E-Home has formed two main business channels, ToB and ToC, with two important subsidiaries.

Two main channel: 1. The ToC business to nanny, maternity matron, home care, cleaning, repair, maintenance of family integrated services. 2. The ToB business to public cleaning. Two subsidiaries: 1. Zhongrun Pharmaceutical, integrating pharmaceutical warehousing, distribution, wholesaling, retailing, and online sales; 2. Chuangying: presidential training, internal training, corporate consulting and counseling, and policy counseling. E-Home has been a comprehensive service enterprise for family life! We have always adhered to the “solving every issue of customers with heart” business philosophy, adhere to do the industry benchmark. For more information, visit the Company’s website at http://www.ej111.com/ir.html.

Forward-Looking Statement

All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company’s filings with the SEC, that may affect the Company’s future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors.

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