Inseego Corp. (Nasdaq: INSG), the global provider of software-as-a-service (SaaS) business intelligence solutions, Internet of Things (IoT) and mobile technology, and Sprint (NYSE: S) has announced a new strategic partnership designed to deliver highly specialized IoT solutions for large enterprise verticals, the company said.
The partnership has already resulted in a project to deploy its Ctrack asset tracking SaaS solution with a US based airline operator.
IDC Research(1) projects that by 2021, global IoT spending is expected to total nearly USD 1.1 trillion as enterprise organizations continue to invest in the hardware, software, services, and connectivity that enable the IoT. An analysis released earlier this year indicates that airport facilities automation alone will experience a 33% CAGR. The IoT will be a fundamental enabler for a wide range of operational improvements within airports from preventative maintenance of Ground Support Equipment (GSE) to an overall better passenger experience. GSEs represent a growing market with a projected valuation of USD 25B by 2022 (2), in which each asset will require connectivity as the digital transformation continues to evolve.
Under the terms of the partnership, the two companies will collaborate on the development of specialized solutions for Sprint´s Enterprise IoT accounts. The solutions securely automate workflows for asset management and monitoring applications within asset-intensive industries. The target industry verticals include Aviation, Transportation, Logistics, and Manufacturing. A study conducted by Forrester and SAP shows two-thirds of companies in these sectors are using or planning to use IoT-enabled asset monitoring solutions.
Inseego, the global provider of software-as- a-service (SaaS) business intelligence solutions, Internet of Things (IoT) and mobile technology, is transforming business mobility through its broad portfolio of solutions.
Sprint is a communications services company that creates more and better ways to connect its customers to the things they care about most.