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NEW DELHI: An Internet of Things (IoT) service provider Aeris has formed a partnership with mapping firm MapmyIndia to offer geo-spatial intelligence based IoT solutions in India by leveraging their respective areas of core competence.
The global IoT market is expected to cross $200 billion by 2020. The IoT market in India stood at $5.6 billion with 200 million connected devices in 2016. This is expected to grow to $15 billion with 2.7 billion devices by 2020 presenting a significant opportunity for technology and service providers.
Rakesh Verma, managing director, MapmyIndia said, the world is moving from automatic to autonomous operations. "The partnership with Aeris, a pioneer in the IoT space, will go a long way in making the Indian businesses globally competitive. I am confident that the combination of MapmyIndia’s best-in-class mapping & 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."
Both companies will jointly develop solutions which is expected to address business challenges such as ubiquitous tracking through connectivity.
“We are witnessing the evolution of the IoT ecosystem globally with businesses recognizing the need to invest in technologies and solutions based on IoT. Our tie-up with MapmyIndia is primed towards helping businesses leverage the potential of IoT to realize business benefits that are multi-dimensional, innovation driven and transformative. I am confident that this will change the way verticals operate and companies perform,” said Dr. Rishi Bhatnagar, president, Aeris Communications.
SOURCE: Economic Times
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