Enterprise arm of Vodafone Idea, Vi Business, has launched ‘Integrated IoT Solutions’ for large businesses to become the only telecom firm in India to offer a secure end-to-end IoT solution having connectivity, hardware, network, application, analytics, security and support. Ravinder Takkar, MD & CEO, Vodafone Idea Limited, said: ” Vi is helping enterprises succeed in IoT, thereby paving the way for a digitally enhanced market in India.”
Global cellular IoT module shipments will hit 780 mn units in 2024 to reach $11.5 bn in revenue. India market will have the highest growth at 38%, said Counterpoint Research’s Global Cellular IoT Module and Chipset Forecast. NarrowBand-IoT will lead the cellular IoT module shipments by 2024, followed by 4G and 5G. North America will overtake Europe in 2024 to become the second-largest market after China.
Akamai will acquire Inverse to boost IoT security services for an undisclosed sum. The aim is to enhance its zero-trust portfolio and bring IoT security solutions by using Inverse’s data repository and algorithms that identify IoT devices like HVAC, lighting systems, medical equipment, robotics, printers. The acquisition will combine device Inverse’s fingerprint data repository and Akamai’s security data to achieve enhanced devices and workforce security.
Reliance Jio is in advanced talks with OEMs to launch its own IoT services. Teleco’s pan-India IoT network-based, launched in partnership with Samsung, is already operational. Jio, as per media reports, has developed a comprehensive solution with the device, diagnostics, connectivity, platform and support. Jio aims to connect a billion connected IoT devices to its platform, unlocking Rs 20,000 cr opportunity per year.
China will surpass US to become the world’s largest IoT market in 2024 as it is expected to reach around $300 bn, with the CAGR to stand at 13% in the next five years, data from IDC said. China’s IoT spending will account for 26.7% of the global market, followed by the USA (23.8 %) and western Europe (23.4%). Among the 20 industries covered in the report, manufacturing, govt and consumer IoT spending will account for 50% of the market spending.
Venture Catalysts has led Rs 4.5 cr seed investment in agritech startup qZense Labs. The round was led by Manish Modi, MD, Mastermind Capital and Vedant Loyalka Chairman, Curae Health, 9Unicorns, The Chennai Angels, Entrepreneur First, London based VC and Lumis Partners. Founded in 2019, by Rubal Chib and Dr Srishti Batra, qZense aims to transform the fresh food supply chain industry with its end-to-end IoT-based solution.
Tata Communications has acquired a 58.1% equity stake in embedded-SIM tech provider, Oasis Smart SIM Europe. Oasis will now be integrated with the company’s IoT solution platform for businesses MOVE. The combined entity will serve the mobility needs of enterprises and device manufacturers. eSIMs facilitate cellular connectivity for IoT and M2M apps, offering the ability to connect with multiple mobile network operators.
IoT startup Infinite Uptime has raised $5.15 mn in a Series B funding round, led by Bengaluru-based private equity firm VenturEast. THK, Mayfield, GSR Ventures, IL&FS Investment Managers and GiTV, also participated in the round. Fresh funds will be used to expand presence in India, Japan, the Middle East and the USA. Infinite Uptime manufactures industrial automation enabling devices and also operates an industrial data analytics platform.
AI, Machine learning, 5G and IoT would be the most important technologies in 2021, according to a new study by the IEEE. Manufacturing, healthcare, financial services and education sectors would have the maximum impact of IT. The results are based on a survey of CIOs and CTO in the US, the UK, China, India and Brazil. Half of those surveyed see the biggest challenge as dealing with aspects of COVID-19 recovery in relation to business operations.