Powerbridge Technologies Co., Ltd. (PBTS) stock gained in the current market after announcing the recent deal. PBTS stock values at $0.36, gaining more than 13% from the previous close. PBTS stock closed at $0.32 at the end of the last trading session with a $2.42 million shares trading volume.
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Global Software Products Industry
Powerbridge Technologies Co., Ltd. (PBTS) is a software solutions provider that offers software applications and technology solutions to business and government clients. According to figures, consider the worldwide software products business, which had a market value of around $1.14 trillion in 2021. By 2022, it is predicted to have grown at a compound annual growth rate of 14.6 percent, bringing it to $1.3 trillion. According to the experts, the worldwide market for software products will be worth around $2.15 trillion in 2026, growing at a compound annual growth rate of 13.3 percent.
Because of the hacking attacks by hackers, the need for security services has expanded dramatically since the covid-19 outbreak and, more recently, the Russian invasion of Ukraine. Additionally, the firm offers SaaS solutions, and, as a consequence of the covid-19 epidemic, remote working has grown, and commercial operations have been suspended, resulting in operational difficulties. As a result, the industry has seen a surge in demand for SaaS solutions.
PBTS: Recent Deal
An estimated $5 million in contracts have been signed by Powerbridge Technologies Co., Ltd. (PBTS), Chinese rail transportation, accelerated courier service, and smartphone and gadget manufacturer. PBTS just announced the signing of these contracts. Powerbridge will deliver digital transformation solutions, and aid strengthens worldwide operational and managerial skills for these companies, per the contracts.
PBTS President’s Remarks on the booming Technology
Digital transformation and improvement are at the heart of boosting corporate performance, according to Stewart Lor, President of the company. Enterprise clients may rely on our digital solutions to help them accomplish their strategic objectives of integrating worldwide operations and management.