Aeris, an Internet of Things (IoT) services specialist, announced partnership with MapmyIndia, a provider of GPS navigation and tracking solutions, to deliver geo-spatial intelligence based IoT solutions in India.
Under this partnership, both companies will jointly develop solutions and offer services leveraging their respective areas of core competence. The solution will address ubiquitous tracking challenges faced by businesses, a statement from the company said.
The IoT market in India is prospering claiming USD $5.6 billion with 200 million connected devices in 2016. The market 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 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.
“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 Rishi Bhatnagar, president, Aeris Communications.
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