Frost & Sullivan Names BlackBerry IVY an Industry Leading Edge-to-Cloud Software Platform for Automakers & Smart Cities

Rhea-AI Summary

BlackBerry Limited (NYSE: BB) has been recognized by Frost & Sullivan as an industry leader with its BlackBerry IVY platform, designed for automakers and smart cities. The report highlights that IVY addresses the automotive sector's challenges by standardizing data access across various platforms, enabling automakers to secure vehicle data ownership and enhance consumer experience. Frost & Sullivan forecasts a substantial IoT market growth, projected to exceed $45 billion by 2025. BlackBerry aims to unify automotive and smart city ecosystems through this innovative platform.

Positive

• BlackBerry IVY named an industry leader by Frost & Sullivan.
• IVY enhances data security and ownership for automakers.
• Projected IoT market growth exceeding $45 billion by 2025.
• BlackBerry IVY improves consumer experience and opens new revenue streams.

Negative

• None.

WATERLOO, ON, June 23, 2021 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) today announced that Frost & Sullivan has named BlackBerry IVY™ an industry leading edge-to-cloud software platform for automakers and smart cities.  In the published report, Frost & Sullivan conclude that BlackBerry is revolutionizing the connected-autonomous ecosystem with BlackBerry IVY.   

The report reviews the key challenges faced by the automotive industry today as vehicles become increasingly complex and connected.  Frost & Sullivan state that BlackBerry IVY uniquely meets the needs of the automotive industry as it standardizes data access across all vehicles, regardless of brand, operating system, and cloud deployment model.  BlackBerry IVY enables automakers to control ownership of vehicle data, applies intelligence to data capture, and ensures data is secure.  BlackBerry IVY will also greatly advance the consumer experience automakers deliver, by enabling collaboration with the developer community, opening new revenue streams for the industry.     

The report goes on to determine that a common vehicle platform must extend to smart cities, which creates an IoT market forecasted to reach over $45 billion by 2025.  BlackBerry IVY unifies industries and paves the way for advanced smart cities, where communication between vehicles, infrastructure and third parties is seamless.  Stakeholders across the connected-autonomous ecosystem will benefit from a single platform for vehicles and smart cities, including automakers, the developer community, governments, enterprises, and consumers.           

"Connected-autonomous vehicles are the enabler for smart cities, which means the keys to the car are becoming the keys to the Internet of Things," said John Chen, Executive Chairman & CEO, BlackBerry.  "We are delighted that BlackBerry IVY has been named an industry leading platform for automakers and smart cities.  BlackBerry IVY transforms the dream of a unified connected-autonomous IoT into a reality and strengthens our existing market leadership position."

"BlackBerry IVY is a revolutionary, intelligent, edge-to-cloud software platform, which unites automotive industry participants to accelerate the development of connected-autonomous vehicles while simultaneously enabling smart cities around the world," said Nicolas Inchaustegui, Senior Consultant, Automotive, Transportation & Mobility, Frost & Sullivan.  "Today, BlackBerry has a significant footprint across the automotive industry and is central to smart cities.  With IVY, BlackBerry becomes even more fundamental to these markets."

To download the Frost & Sullivan report click here.

For more information on BlackBerry IVY click here.

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world.  The company secures more than 500M endpoints including over 195M vehicles.  Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security management, encryption, and embedded systems.  BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere. 

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved.  All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

About Frost & Sullivan
For over six decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

 

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SOURCE BlackBerry Limited

FAQ

What is BlackBerry IVY and why is it significant for automakers?

BlackBerry IVY is an edge-to-cloud software platform recognized by Frost & Sullivan as an industry leader, uniquely addressing data access challenges in the automotive industry.

How does BlackBerry IVY contribute to smart cities?

BlackBerry IVY facilitates seamless communication between vehicles and infrastructure, paving the way for advanced smart city developments.

What is the projected IoT market growth related to BlackBerry IVY?

The IoT market is forecasted to reach over $45 billion by 2025, highlighting the potential impact of BlackBerry IVY.