India: Internet of Things provider Aeris has formed partnership with MapmyIndia to address the market by offering geospatial intelligence-based IoT solutions in India. The two companies have decided to use the alliance to pursue business opportunities together by developing solutions and offering services leveraging their respective areas of core competence.
With this partnership, the two companies will redefine the contours of the overall IoT solutions market while addressing business challenges such as ubiquitous tracking through connectivity leading to truly IoT-led businesses change.
The global IoT market is expected to cross $200 billion by 2020. The IoT market in India stood at USD $5.6 billion with 200 million connected devices in 2016. This is expected to grow to USD $15 billion with 2.7 billion devices by 2020 presenting a significant opportunity for technology and service providers.
The agreement between Aeris and MapmyIndia will also help in creating new solutions that will transform specific aspects of how businesses and employees work using IoT, allowing companies to achieve newer levels of efficiency, effectiveness and customer satisfaction.
At the occasion, managing director of MapmyIndia, Rakesh Verma said, “I am confident that the combination of MapmyIndia’s best-in-class mapping and GIS solutions and the pioneering IoT prowess and global experience of Aeris will be a big boon for not just the Indian businesses and enterprises but will benefit the whole country. This will act as a catalyst towards realizing the Prime Minister’s vision of Digital India.”
Dr. Rishi Bhatnagar, president of Aeris India said, “This agreement marks a major milestone for both companies. We are witnessing the evolution of the IoT ecosystem globally with businesses recognizing the need to invest in technologies and solutions based on IoT.”