SoftBank, Aeris to jointly expand IoT, telematics business

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SoftBank  and Aeris will provide IoT and telematics services globally using the Aeris IoT solutions platform.

For this, both parties have established a joint venture in Japan, known as Aeris Japan K.K.

The Aeris IoT solutions platform consists of AerPort connectivity management platform, AerCloud applications enablement platform, AerCore IoT network and AerVoyance IoT analytics platform.

With the SoftBank, Aeris will expand its business in Japan and beyond, including India, Europe and the United States.

They will cover multiple market segments and offer a variety of services ranging from an IoT connectivity platform to IoT application middleware to complete IoT solutions for market segments including telematics in the automotive industry.

Aeris offers software and IoT capabilities with more than 7.5 million IoT devices under its management and processes more than one billion transactions per day.

Aeris aims to tap growing opportunities from the fast growing IoT and telematics market.

Machina Research predicts IoT will account for one quarter of the global 41 million 5G connections in 2024.

Japan and Korea will lead the charge and embedded factory-fit connected cars will be the biggest IoT application.

Technavio finds that Japan will lead the Asia-Pacific region’s market growth for industrial IoT, which is expected to be worth $54 billion by 2020.