In the Consumer market, the debate about what the Metaverse will look like, and when it will materialize for the masses, continues. Regardless, we know one thing for certain: cameras will remain a critical sensor, and new types of products and solutions will be invented. You can rely on the fact that Vidhance will remain center stage in the bridge building to this new version of reality. We will continue to be the leading force for innovation that enables consumers around the world to bring their visual stories to life.
In the Professional market, the roll-out of 5G networks enables low latency and high bandwidth data communication. Connected and smart devices under the umbrella of IoT are either already camera focused or can extend their capabilities by adding camera sensors. The smartphone industry, with its massive volumes, has driven the standardization of high performance and versatile chipsets and operating systems, enabling industrial and professional devices to be developed and manufactured far more cost effectively than ever before.
This shift in technology works in synergy with societal macro trends. In many use cases, such as field guiding work using smart glasses or other head mounted camera devices, Vidhance is uniquely positioned with our Vidhance software to address the very specific needs and challenges of these professional users and consumers of video. We will continue to innovate new features and products that enhance all moving consumer and professional cameras in every type of application.
