Aeris, the Internet of Things (IoT) provider has partnered with MapmyIndia to tap the IoT market in India. The duo will provide geo-spatial intelligence-based IoT solutions in the country.
Both the companies will create solutions that will transform specific aspects of how businesses and employees work using IoT, allowing companies to achieve newer levels of efficiency, effectiveness and customer satisfaction, the company said in a release.
The global IoT market is expected to cross $200 billion by 2020. The IoT market in India stood at USD $5.6 billion with 200 million connected devices in 2016. This is expected to grow to USD $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 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. 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.
Rishi Bhatnagar, President, Aeris India said,
This agreement marks a major milestone for both companies. 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 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.”