Reliance Group Launches IoT Services under Venture Known as UNLIMIT

India: Reliance Group, one of leading conglomerates of India, including its mobile network, has partnered with Cisco Jasper, a US-based company that specialises in IoT to launch UNLIMIT, a separate unit for IoT services. With this, it has become the first telecom operator in the country to have an independent IoT business unit.

Further, with this partnership a wide range of IoT solutions will provide for smart city initiatives across the country. In addition to this, the venture UNLIMIT will use partnerships as well as the international management team which will help to tap into the growing IoT market.

Alok Srivastava, president - group IT & innovation at Reliance Group said “that UNLIMIT will not have any relationship with Reliance Communications since it is an independent unit in the group, but it will use RCom’s 2G and 3G networks”.

TechSci Research depicts with this partnership Relaince group has entered into the market of IoT services in order to grap the number of customers across the country. Further, with growing technological advancements, increasing initiatives to automate processes, coupled with booming consumer electronics industry would enhance the IoT services market across the globe.

According to the recent report published 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.