In an interesting development, Aeris, a pioneer and leader in Internet of Things market has formed a partnership with MapmyIndia to offer geospatial intelligence based IoT solutions in India. It is a no unknown fact that MapmyIndia is a leader in premium quality digital maps, global positioning system (GPS) navigation, tracking, location-based apps and geographic information system (GIS) solutions.
With this alliance both the companies aim at leveraging their respective areas of core competence to jointly develop solutions and offer services in this area and the companies are confident that this landmark agreement would redefine the contours of the overall IoT solutions market.
Commenting on the partnership, Rishi Bhatnagar, president, Aeris India said “Our partnership 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.”
The company stated that the global IoT market is expected to cross $200 billion by 2020 with IoT India in market standing at USD $5.6 billion with 200 million connected devices in 2016. This is further expected to grow to USD $15 billion with 2.7 billion devices by 2020. Given these numbers, the partnership rightly intends to tap into this significant opportunity for technology and service providers.
“The world is moving from automatic to autonomous operations. The era of IoT is here and MapmyIndia, as always, is taking the lead. The partnership with Aeris, a pioneer in the IoT space, will go a long way in making the Indian businesses globally competitive”, said Rakesh Verma, managing director, MapmyIndia.
He futher added, “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”, Rakesh Verma, managing director, MapmyIndia.
The companies aim to create solutions that would transform specific aspects of how business and employees work using IoT, allowing companies to achieve newer levels of efficiency, effectiveness and customer satisfaction.
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Srishti currently works as Associate Editor at Analytics India Magazine. When not covering the analytics news, editing and writing articles, she could be found reading or capturing thoughts into pictures.