An Internet of Things (IoT) service provider company “Aeris” has made a partnership with mapping firm MapmyIndia to propose geo-spatial intelligence based IoT solutions in India by leveraging the respective areas of core competency.
The global IoT market is predicted to cross $200 billion by the year 2020. The IoT market in India stood at $5.6 billion, with approximately 200 million connected devices in 2016. This is projected to grow to $15 billion, with 2.7 billion devices by 2020 offering a significant opportunity for technology and service providers.
Rakesh Verma, MD of MapmyIndia said, “the world is moving from automatic to autonomous operations and the partnership with Aeris, a leader in the IoT space, will go a long way in making the Indian businesses globally economical. I am confident that the combination of MapmyIndia’s top notch mapping & GIS solutions and the pioneering IoT expertise and global experience of Aeris will be a big gain for not just the Indian businesses and enterprises but will benefit the whole country.”
Both companies will cooperatively develop solutions which is likely to address business challenges such as ubiquitous tracking through connectivity.