Axilion Smart Transportation Ltd., which develops and sells a solution for congestion in city centers with the help of a unique technology-based system combined with artificial intelligence (AI), published an analysis conducted by Frost & Sullivan
Here are the main points of the recommendation:
• 2020 was a breakthrough year for AI in cloud applications, according to Frost & Sullivan, 2021 will be the year in which the pace of implementation of AI-based systems will be accelerated using the data center infrastructure that is significantly expanding in countries around the world. According to which the field will attract additional investments in the coming years.
• According to Frost & Sullivan, the global AI market is expected to grow to $ 386.1 billion by 2025, at an impressive average annual growth rate (CAGR) of 19.7%.
• The rapid growth in data volume, coupled with the growing deployment of cloud-based computing platforms, is fueling the adoption of AI in a variety of areas – Axilion is in a position to address the growing need for a smart city management system.
• Axilion leverages its artificial intelligence capabilities to ease traffic congestion in cities and reduce carbon emissions from transportation. The company charges municipal fees for city traffic management services, with Microsoft Azure as a strategic partner.
• Frost & Sullivan, recognizes in investing in Axillion an excellent opportunity for those seeking to invest in smart and sustainable cities, and especially in a major component of smart cities that deals with managing the flow of traffic in cities and countries.
• Axilion is now after the technological feasibility phase and before a significant sales phase of projects such as these in Haifa and Jerusalem.
• Based on the detailed analysis of Frost & Sullivan, the company is valued at approximately $ 453.7 million; NIS 1,502 million; the target price is in the range of NIS 50.1 to NIS 55.4 and on average at a target price of NIS 52.7.
According to Oren Dror, CEO and Chairman of Axilion Smart Transportation: “The analysis provides anyone who requires a great deal of comprehensive information about the company and the field in which it operates, with the aim of making information about the company accessible to institutional investors and investment bankers in the United States, as part of the company’s intentions to register with NASDAQ.
Bill Gates, in his book How to Avoid a Climatic Disaster, the Solutions We Have, and the Breakthrough We Need, calls for a reduction in carbon footprint to create climate change and carbon offsets to reach zero emissions, and calls for investing in technology companies that will lead the world to zero emissions.
According to him, the transition to green technology is made possible thanks to technological developments, some of which involve huge investments, and adds that countries that invest and develop new products and solutions that have the power to create change position themselves as contributing to global change. Therefore the transition to green technology is made possible thanks to technological developments, and as such Axilion’s AI technology with Microsoft Azure cloud services allows cities, metropolitan areas and countries significant reductions in the level of transport air pollution, and minor expenses on cloud services, software and cameras.
Today, as the demand in global markets for reducing carbon emissions increases, Axilion’s AI and SaaS services, sold by Microsoft’s worldwide resellers, as part of Microsoft’s Azure pricing in Microsoft’s long-term contracts with governments, metropolitan areas and cities, are an easy solution to implement. , Fast, and in those who have the power to change the way road users experience everyday life dramatically and improve the quality of life of us all.
The AI-based twin digital city technology developed by Axilion is implemented in cities in Israel and around the world, contributing to reducing air pollution, saving energy consumption, shortening travel times and waiting at traffic lights by up to 47%, thus improving the experience of using public transport and pedestrian safety. “