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Partnerships and Collaborations in the Smart Connected Gadgets Market on the Rise

Friday, February 10, 2017 4:49
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(Before It's News)

In the current era of smart phones and gadgets, it is hard to imagine any sort of communication. The Internet of Things (IoT) has gained popularity in the last decade and the adoption rate for the same has increased worldwide. Smart connected gadgets have been embraced owing to favorable economic conditions and high disposable income. The IT sector has boomed owing to several key factors such as progress in technology and R&D. Smart connected gadgets market is set to grow significantly in the next decade.

In January 2017, Entel Chile and Cisco joined hands to enable IoT services in Chile, South America. Small to large enterprises will be able to adopt recent revenue-generating service owing to the partnership between the two organizations. Entel is Chiles’ largest telecommunications company. The partnership with Cisco, will make it easier for customers to transform their businesses with the help of the IoT services. Julián San Martín, VP Corporate Markets at Entel, explained that the businesses throughout the country are shifting towards IoT with an aim to reduce cost and introduce new services. He further said, “Together with Cisco, Entel will be the trusted partner for companies looking to accelerate their IoT success. The Cisco® Jasper IoT platform will provide our customers with the best solution for managing and monetizing their IoT service businesses.” The agreement between the two organizations strategically offer lucrative opportunities in the market for businesses throughout the nation with the telecom expertise of Entel with IoT expertise of Cisco. The customers will now be able to increase their productivity and manage their costs. The Cisco Control Center in Chile has helped to integrate IoT services across several industries and the demand for the same is on the rise. Energy and utility companies leverage IoT to offer smart metering services that increase the flow of information, enhance asset performance and also increase energy efficiency. Entel customers are likely to benefit from the worldwide scalability of the Control Center. Cisco Jasper partners will around 33 global operator groups which represent 120 mobile operator networks worldwide.

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In January 2017, the CEO of Fitbit, James Park announced the company’s latest acquisition of a wearable technology asset. Fitbit is a leading wearable fitness tracker manufacturer. The company purchased the expertise and software from the prominent European smartwatch manufacturer, Vector Watch. The details of the acquisition was not revealed by the company. In a statement Fitbit said, “As with our recently announced acquisition of Pebble assets, Vector brings valuable industry expertise that will help accelerate the development of new products, features and functionality.” With the acquisition, Fitbit is placed to accelerate the development of their ecosystem and platform. The aim of the company is to make Fitbit an essential part of the daily lives of consumers worldwide.

Big Market Research recently added a report that offers useful insights related to the market such as market share, size, and growth.

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