The global Information of Things (IoT) market will grow from $157B in 2016 to $457B by 2020, attaining a Compound Annual Growth Rate (CAGR) of 28.5%. The global IoT market share is dominated by three sub-sectors: Smart Cities 26%, Industrial IoT 24% and Connected Health 20%.
 Followed by Smart Homes 14%, Connected Cars 7%, Smart utilities 4% and Wearables 3%. With business benefits and outcomes driving an ever-increasing number of organizations to shift resources to IoT comes a compelling opportunity for products, services, and solutions that provide IoT security and protection from malicious attacks and unintentional breaches.
Distributed Ledger Technology: NOVAM leverages Distributed Ledger Technology (DLT) to automatically identify, mitigate and prevent malicious attacks and threats to IoT technologies that are caused by compromised boot chains, operating systems, mobile applications, and networks.
Intuitive and intelligent: NOVAM’s technology assesses IoT environments and provides auditing and regulatory compliance integration to threat monitoring and detection services – proactively while ensuring system events are included on immutable distributed ledgers.
An anomaly by design: Our technology is positioned to reset the state-of-play becoming the standard distributed ledger for cybersecurity threat detection, device mitigation, and compliance. NOVAM is also designed to provide analytics, immutable records for auditing and investigation needs. NOVAM Tokens are used as an individual software license to access the distributed ledger capabilities, including but not limited to services of monitoring, mitigation, auditing and compliance.Alliances: NOVAM will create partnerships with security vendors to tapimmutable compliance and investigation revenues. Revenueopportunities also include relationships with hardware andsoftware vendors, which will enable integration of distributedledgers within IoT devices and enterprise networks for monitoringand mitigation services through our patent-pending systemhealth check.