|
Getting your Trinity Audio player ready...
|
Investors are almost always on the lookout for such companies which are involved in high-growth industries and hence, often stand a better chance of possibly constituting a sound investment that could pay off in the long term.
One of the companies which could well be under that category is Metatron Inc (OTC:MRNJ). The company has developed over 1,000 mobile apps with over 5 million downloads, many of which have ranked in the top 20 on their respective charts.
The company operates in the form of a network that is made up of related high-growth businesses across a range of sectors that transact with each other through mobile devices and the Internet.
Metatron is, in essence, a technology company and is focused on leveraging technology so that it can bring about improvement in the lives of people in a world that is getting more and more connected.
In this regard, it should be noted that Metatron is involved in such industries which are on an upward curve and could yield significant upside in the long term. Metatron is involved in online dating, mobile device apps, search engine advertising optimization, next-gen relational database development, and credit card processing.
These are clearly high-growth industries and if harnessed well could lead to considerable long-term growth. As it happens, back on March 27 the company was in focus once again after it announced the launch of its Artificial Intelligence Mobile Apps for both Android and Apple devices.
It was a major new development for the company since artificial intelligence is an industry that is also projected to have explosive growth.
As per research from Allied Market Research, the mobile artificial intelligence industry is set to grow from only $8.56 billion in 2020 to as much as $84.80 billion in 2023. That would work out to a CAGR of as much as 26.44%. It was another move from the company into a potentially high-growth space and one that could pay rich dividends eventually.
