Aeris (News - Alert), an Internet of Things (IoT) solutions developer, has formed a partnership with MapmyIndia, India’s leader in premium-quality digital maps, global positioning system (GPS) navigation, tracking, location-based apps and geographic information system (GIS) solutions, to together offer geo-spatial intelligence-based IoT solutions in India, according to a recent announcement.
With this alliance, both companies said they have decided to pursue opportunities jointly by developing solutions and offering services leveraging their respective areas of core competence.
“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. “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.”
The companies said that the agreement will redefine the contours of the overall IoT solutions market while addressing business challenges, such as ubiquitous tracking, through connectivity, leading to truly IoT-led business changes. The IoT market in India stood at $5.6 billion with 200 million connected devices in 2016, which according to some reports could grow to $15 billion with 2.7 billion devices by 2020.
Grounded on the mutual strengths of both the companies, the combination 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.
“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,” said Dr. Rishi Bhatnagar, president, Aeris India. “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.”