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Automotive Blockchain Market: Programmable Platforms Propel Valuation to USD 7722 Million by 2031| SkyQuest Technology

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WESTFORD, Mass., July 8, 2024 /PRNewswire/ — According to SkyQuest, the global Automotive Blockchain Market size was valued at USD 643 Million in 2022 and is poised to grow from USD 848 Million in 2023 to USD 7727 Million by 2031, at a CAGR of 31.82% during the forecast period (2024-2031).

With rising venture capital (VC) financing, new types of technology providers are expected to come into the market. On the other hand, it is anticipated that programmable blockchain technology platform of a new generation will be invented. Moving on to the prediction duration, we foresee that ICOs, Cryptocurrencies, and Blockchain-as-a-Service (BaaS) will drive market growth by providing immutability and transparency in any transaction held using the decentralized ledger technology as well as making businesses more efficient via benefits such as reduced lifetime costs and quick operations. This automotive solution which utilizes blockchain would securely and reliably connect end users, Car-sharing firms, with self-driving or artificially intelligent cars.

Download a detailed overview:

https://www.skyquestt.com/sample-request/automotive-blockchain-market

Automotive Blockchain Market Overview:

Report Coverage

Details

Market Revenue in 2023

$848 Million

Estimated Value by 2031

$7727 Million

Growth Rate

Poised to grow at a CAGR of 31.82%

Forecast Period

2024–2031

Forecast Units

Value (USD Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Application, Providers and Mobility Type

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Enhance Experience in Supply Chain Management

Key Market Opportunities

Increasing Crypto Currency Market Capital

Key Market Drivers

Expansion of Automobile Industries

Segments covered in Automotive Blockchain Market are as follows:

ApplicationSmart Contract, Supply Chain, Financing, Mobility Solutions, and OthersProvidersMiddleware Provider, Infrastructure & Protocols Provider, and Application & Solution ProviderMobility TypePersonal Mobility, Shared Mobility, and Commercial Mobility

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/automotive-blockchain-market

Reinventing the Automotive Industry with Enhanced Transparency and Efficiency

By improving transparency, security, and efficiency in a variety of applications, including supply chain management, car history tracking, and autonomous vehicle communication, blockchain technology is completely changing the global automobile industry. It is crucial for lowering fraud, enhancing data integrity, and stimulating creativity throughout the automobile industry.

Implementing blockchain technology into the automotive supply chain ensures traceability, transparency and trust among stakeholders through secure recording of transactions and data exchanges. Blockchain technology is necessary for cutting down on counterfeit car parts and making logistics more efficient as well as enabling sharing live information in the global automotive industry, amongst other things. This improves efficiency and satisfaction levels on behalf of clients.

Blockchain applications make vehicle sharing, ride-hailing and autonomous vehicle management that much simpler within automotive industry mobility solutions. The innovation effectuates lower prices and grants improved overall experiences in global mobility through enabling secure transactions, fostering data integrity and supporting seamless peer-to-peer interactions. Efficiency and trust between networked mobility providers is promoted by this.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/automotive-blockchain-market

Blockchain’s Role in Innovating Ride-Hailing and Autonomous Vehicle Solutions

Services such as ride-hailing, vehicle sharing, and autonomous vehicle management are made better by blockchain ensuring reliable transaction security and smooth interaction. If one needs to achieve an increase in novelty, reduction in costs with better consumer satisfaction and utilization of globally linked mobility solutions, then these elements must be considered.

Blockchain-enabled shared mobility maximises car-sharing services by guaranteeing safe transactions and open record-keeping. Adeptly facilitating effective resource utilization; enhances confidence between users and service providers and lowers operating expenses. this is an invention essential for making urban travel more sustainable and accessible hence influencing future global mobility solutions.

Blockchain technology is fueling the revolution of both logistics and fleet management through secure transactions, operational efficiency optimization, and enhanced data transparency in commercial mobility. It plays a crucial role in reducing costs, improving supply chain reliability, and meeting regulatory requirements, thereby transforming commercial transportation services globally with enhanced trust and accountability.

Venture Capital’s Influence, the Rise of Transparent and Securing Efficient Mobility Solutions

By improving transparency, security, and operational efficiency across a range of applications like supply chain management, vehicle history tracking, and mobility solutions like ride-hailing and autonomous vehicle management, blockchain technology is revolutionising the global automotive sector. In the car industry blockchain reduces fraud, improves data integrity and boosts innovation via safe transactions and transparent record-keeping. The results it yields vary from fewer fake parts, shorter supply chains through to improved customer service and sustainable urban mobility. Venture funding is expected to drive the development of innovative blockchain solutions, leading to further breakthroughs that will transform the global vehicle management, sharing, and operation landscape.

Related Report:

Blockchain Market

Blockchain as a Service Market

Blockchain in Healthcare Market

Cryptocurrency Market

Blockchain In Manufacturing Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

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Shutterstock Appoints Matt Furlong as Chief Marketplace Officer

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Former Gamestop executive to join leadership team as head of Marketplace division

NEW YORK, Jan. 8, 2025 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK) (the “Company”), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, today announced that Matt Furlong will be joining Shutterstock to lead the company’s Marketplace division as Chief Marketplace Officer on Monday, January 13.

In this position and as part of the Shutterstock executive leadership team, Matt will have a key role in shaping the overall strategy, operations and growth of the Marketplace division, which houses the company’s individual user products and solutions across various ecommerce platforms.

“Matt’s extensive leadership experience and deep operational expertise will be a valuable asset to Shutterstock,” said Paul Hennessy, Chief Executive Officer of Shutterstock. “We’re confident in his ability to drive the focus and growth needed to better serve our Marketplace customers while helping to achieve our overall business strategy.”

Matt will also be responsible for ensuring alignment with business goals across Shutterstock’s creative content brands, including PremiumBeat, Pond5 and TurboSquid. In addition, he will oversee the company’s Global Customer Success team.

“I’m thrilled to join Shutterstock at such an exciting time in their transformation as a premier visual content company dedicated to empowering creatives,” said Furlong. “I’ve built my career innovating for customers while building leadership brands, and look forward to doing the same for the Shutterstock Marketplace division.”

Previously, Matt served as the CEO of GameStop for two years, where he was focused on strengthening the customer experience while driving business transformation. Prior to Gamestop, he led numerous multi-billion dollar businesses at Amazon, culminating in his role as the Country Manager for Amazon Australia. Matt began his career at P&G, where he worked for 12 years before joining Amazon.

About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK) is a premier partner for transformative brands, digital media and marketing companies, empowering the world to create with confidence. Fueled by millions of creators around the world and a fearless approach to product innovation, Shutterstock is the leading global platform for licensing from the most extensive and diverse collection of high-quality 3D models, videos, music, photographs, vectors and illustrations. From the world’s largest content marketplace, to breaking news and A-list entertainment editorial access, to all-in-one content editing platform and studio production service—all using the latest in innovative technology—Shutterstock offers the most comprehensive selection of resources to bring storytelling to life. 

Learn more at www.shutterstock.com and follow us on LinkedIn, Instagram, Twitter, Facebook and YouTube.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shutterstock-appoints-matt-furlong-as-chief-marketplace-officer-302345154.html

SOURCE Shutterstock, Inc.

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InMode to Report Fourth Quarter & Full Year 2024 Financial Results and Hold Conference Call on February 6, 2025, Expects Q4 Revenue Between $97.0M-$97.5M

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Conference call to be held on Thursday, February 6, 2025, at 8:30 a.m. Eastern Standard Time

YOKNEAM, Israel, Jan. 8, 2025 /PRNewswire/ — InMode Ltd. (Nasdaq: INMD), a leading global provider of innovative medical technologies, announced today that it expects to release its financial results for the fourth quarter and full year 2024 before the Nasdaq market opens on Thursday, February 6, 2025.

InMode is currently finalizing its financial results for the fourth quarter and full year of 2024. Management believes that preliminary results reflect stronger-than-expected headwinds in the aesthetics industry, further intensified by broader macroeconomic challenges. While complete financial information and operating data are not yet available, set forth below are certain preliminary financial results for said periods, subject to final adjustments and other developments that may arise between now and the time such financial results are published. Based on preliminary results, management expects:

Revenue for the fourth quarter of 2024 to be in the range of $97.0 million to $97.5 million and revenue for the full year of 2024 to be in the range of $394.0 million to $394.5 millionNon-GAAP1 gross margin for the full year of 2024 to be in the range of 80% to 81%Full year 2025 revenue to be in the range of $395 million to $405 million

1Please refer to “Use of Non-GAAP Financial Measure” below for important information about non-GAAP financial measures. Non-GAAP results exclude share-based compensation.

InMode will host a conference call to discuss the fourth quarter and full year 2024 financial results on Thursday, February 6, 2025, at 8:30 a.m. Eastern Standard Time with presentations from management including Moshe Mizrahy, Chief Executive Officer, Yair Malca, Chief Financial Officer and Dr. Michael Kreindel, Chief Technology Officer.

The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10195703/fe3de01ec4. Callers will receive a unique dial-in upon registration, which enables immediate access on the day of the call. Participants may pre-register at any time, including up to and after the call start time.

For callers that opt out of pre-registration, please dial one of the following teleconferencing numbers. Please begin by placing your call 10 minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number.

U.S. Toll-Free: 1-833-316-0562
Israel Toll-Free: 1-80-921-2373
International: 1-412-317-5736                                                                                      

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=4AkhyaPz

At:

8:30 a.m. Eastern Time
5:30 a.m. Pacific Time

The conference call will also be webcast live from a link on InMode’s website at https://inmodemd.com/investors/events-presentations/. A replay of the conference call will be available from February 6, 2025, at 12:00 p.m. Eastern Time to February 13, 2025, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:

Replay U.S. TOLL-FREE: 1-877-344-7529
Replay TOLL/INTERNATIONAL: 1-412-317-0088
Replay Pin Number: 4023671

A replay will also be available for 90 days on InMode’s website at: https://inmodemd.com/investors/events-presentations/

About InMode

InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radiofrequency (“RF”) technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology. For more information about InMode and its wide array of medical technologies, visit www.inmodemd.com.

Forward-Looking Statements

The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or InMode’s future financial or operating performance, including, but not limited to, the 2025 revenue projection described above. Actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. In some cases, you can identify these statements because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “will,” “would” and similar expressions that concern our expectations, strategic plans or intentions. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Consequently, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in InMode’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 13, 2024, and our future public filings. InMode undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which pertain only as of the date of this press release.

Use of Non-GAAP Financial Measure

In addition to InMode’s operating results presented in accordance with GAAP, this release includes non-GAAP gross margin. Because this measure is used in InMode’s internal analysis of financial and operating performance, management believes that it provides greater transparency to investors of management’s view of InMode’s economic performance. Management also believes the presentation of this measure, when analyzed in conjunction with InMode’s GAAP operating results, allows investors to evaluate and compare the performance of InMode to that of its peers, although InMode’s presentation of its non-GAAP measure may not be comparable to other similarly titled measures of other companies more effectively.

 

Company Contact:

Yair Malca

Chief Financial Officer

Email: Yair.Malca@inmodemd.com

Investor Relations Contact:

Miri Segal

MS-IR LLC

Email: ir@inmodemd.com

Logo – https://mma.prnewswire.com/media/1064477/InMode_Logo.jpg

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SOURCE InMode Ltd.

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Setting New Year’s Resolutions? 91% of Canadians believe we should choose progress over perfection

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The no. 1 global nutrition and food tracking app, MyFitnessPal, helps users embrace sustainable eating habits in the New Year, without the pressure and intensity of an ‘all or nothing’ mindset

TORONTO, Jan. 8, 2025 /CNW/ – The new year is here and with it, the push to set and maintain health-focused resolutions. Whether it’s the latest diet trend on social media, the guilt that creeps in after holiday festivities, or the long-held belief that this is the one time a year to become a “new you,” this kind of pressure is not a sustainable approach to wellness. A recent survey shows that of the 19% of Canadians that tried a fad diet, 43% were not successful in reaching their health goals. The New Year can be a fresh start, which is why MyFitnessPal, the no. 1 global nutrition and food tracking app, is encouraging its members to embrace the philosophy of progress over perfection.

Survey Says:

Of those who tried a fad diet and were not successful, 70% say it was because the diet was too restrictive.24% of Gen Z and Millennials have tried a fad diet.91% of Canadians surveyed agree that focusing on progress over perfection is the best approach to successfully achieving a health goal.

Rather than restricting or depriving yourself, it’s about making intentional choices. By planning your week and tracking your food, you will build realistic, achievable habits that account for the moments when real life happens––setting a foundation not only for today, but for life.

“MyFitnessPal acknowledges the mad fads that have been encouraged over the years in a bid for achieving what society deems ‘perfect’,” says Head of Nutrition, Melissa Jaeger, RD. “At MyFitnessPal, we encourage striving for progress, not the concept of ‘perfection’. Restrictive diets lack sustainability and overall nutrient balance – a few factors that contribute to why ‘quick fixes’, fad, or restrictive diets aren’t the solution to achieving long term health goals. Instead of trying the latest fad or revisiting an old trend – try tracking your foods, building awareness of your nutrition habits, and knowing where you stand with your health. Most importantly, don’t let it get in the way of real life. Have a piece of cake on your child’s birthday and enjoy some poutine occasionally––because that’s real life.”

To ensure you always know where you stand when life gets real, Melissa created three tips for a healthy and joyful January.

Add, Don’t Subtract 
Instead of focusing on what you would cut out from your diet this January, set a goal for what you could add to your diet to help support overall motivation and progress towards health and nutrition goals.

Consider setting a SMART – Specific, Measurable, Achievable, Relevant and Time Bound – goal to increase daily fruit, vegetable, or water intake. Not only can small steps support overall health goals, they can also reframe how we view our diet when it comes to goal setting. An app like MyFitnessPal makes tracking fruit and vegetable intake simple through the My Weekly Report feature, highlighting dietary patterns based on food groups. You can also track daily water intake via the water tracking widget in the app’s home screen.

Stay Social While Staying on Track
Life doesn’t stop when you set a health goal and it shouldn’t have to. Instead of saying no to dinners at restaurants with family or happy hours with friends, account for these moments by logging your meals so you always know where you stand on the journey to meeting your health goals.

“Tracking what you eat can help you understand the impact of your dietary choices, encouraging a healthier and more mindful approach to eating. When you allow room for flexibility, like enjoying a side of fries, you’re more likely to stay motivated to keep progressing towards your health goals,” says Jaeger.

Don’t Put too Much on January or Yourself
Remember that January is just one month out of the year. Just as one meal, snack or beverage isn’t going to make or break your progress towards your health goals, the first month of the year isn’t the only month to focus on your health goals. Prioritize your health and wellbeing year-round, using tracking tools like MyFitnessPal to gain insight into your dietary habits and learn where you have room for modifications to support your goals.

For more information on MyFitnessPal, visit www.myfitnesspal.com or download the app for free via the App Store or Google Play.

Methodology
This Maru Public Opinion survey conducted on behalf of MyFitnessPal was undertaken by the sample and data collection experts at Maru/Blue. 1,531 randomly selected Canadians adults who are Maru Voice Canada online panelists were surveyed from December 18 to December 19, 2024. The results of this study have been weighted by education, age, gender, and region (and in Quebec, language) to match the population, according to Census data. This is to ensure the sample is representative of the entire adult population of Canada. For comparison purposes, a probability sample of this size has an estimated margin of error (which measures sampling variability) of +/- 2.5%, 19 times out of 20. Discrepancies in or between totals when compared to the data tables are due to rounding. 

About MyFitnessPal
MyFitnessPal is the #1 global nutrition and food tracking app for achieving health goals, especially weight management. Since 2005, MyFitnessPal has empowered over 200 million users in over 120 countries to improve their health by tracking their food, recording exercise activity, and logging their weight. As one of the world’s most trusted resources on nutrition, MyFitnessPal’s mission is to help people around the world reach their health goals through better food choices by providing knowledge, motivation and a sense of progress. With one of the largest food databases in the world comprising over 19 million foods, access to over 500 recipes, more than 50 workout routines and exercise demos, and over 40 connected fitness partners, MyFitnessPal provides users with tools for positive healthy change. The MyFitnessPal app is available on the App Store and Google Play store. To learn more, visit www.myfitnesspal.com or follow MyFitnessPal on Facebook, Instagram, LinkedIn, TikTok and Twitter.

SOURCE MyFitnessPal

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