Ayla Networks and Mnubo Enter into a Strategic Partnership

Canada:  Ayla Networks, an IoT products & services platform for manufacturers, announced its partnership with mnubo, a real-time IoT data analytics firm. The deal is focuses to amalgamate the Smart Objects technology offered by mnubo with the IoT platform by Ayla. Further, this will provide business intelligence and advanced data analytics tools & services.

Moreover, this deal will allow the different IoT service providers and manufacturers to comprehend the market in a better way and develop vision & strategies for the coming future. In addition, enable them in improving their products, services, develop newer means for revenue generation and increase customer engagement.

TechSci Research represents that the partnership between the two organizations will yield a set of IoT related tools, products & services, along with real-time operations. Moreover, with the increasing number of connected devices, penetration of the smart devices coupled with a rising inclination towards business solution that aid in enhancing the overall efficiency of the users is expected to propel the overall IoT services market. Moreover, such initiatives help in a healthy IoT market outlook along with an optimistic IoT ecosystem.

According to the recently published report by TechSci Research “Global Internet of Things (IoT) Services Market By Type (Professional and Managed Services), By Application (Manufacturing, Healthcare, Smart Homes and Buildings, Smart Cities, etc.), By Region, Competition Forecast and Opportunities, 2011 – 2021”, global IoT services market is projected to exhibit a CAGR of over 24% during 2016-2021, owing to rising internet and smartphone penetration, growing Industrial IoT (IIoT) adoption, coupled with increasing number of smart city projects across various countries. Managed services dominated global IoT services market in 2015 and the trend is anticipated to continue during the forecast period as well, owing to increasing number of government initiatives towards digitization and increasing IT spending on security services. Although, high demand for IoT services across the globe is emanating from healthcare, smart homes & buildings, smart cities, etc., manufacturing segment dominated global IoT services market in 2015, on account of rising need to reduce costs and increasing demand for data analytics.