A global Internet of Things (IoT) service that would allow companies to deploy and manage IoT devices is set to debut in China.
The service is currently in the works with partners China Telecom Global and Tata Communications aiming to tap enterprises across multiple industries, including consumer and industrial electronics manufacturing, automotive, transport and logistics.
“The very nature of IoT in areas like automotive infotainment and air travel means that these ‘things’ require borderless, secure and scalable connectivity to allow businesses to capture, move and manage the valuable information they generate on a global scale,” said Anthony Bartolo, Chief Product Officer, Tata Communications, in a news release.
This partnership means that the multinational customers of China Telecom Global and Tata Communications will be able to deploy IoT services across each other’s networks and capitalize on the growth of the global IoT market.
“As the volume of connected ‘things’ continues to grow, we are able to give our customers complete visibility and control to make the management of hundreds of thousands of IoT devices easier on a global scale,” said Deng Xiaofeng, CEO of China Telecom Global.
China Telecom Global, a wholly-owned subsidiary of China Telecom Corporation Limited, was established in 2012 and headquartered in Hong Kong.
It provides customized integrated communication solutions and diversified telecom services including internet direct access, internet transit, data services, broadband, unified communications, internet data centre, cloud computing, ICT services, among others.
Tata Communications, on the other hand, headquartered in Mumbay and Singapore, is the flagship telecoms arm of the $103.3-billion Tata Group.
Citing data from the China Economic Information Service, China Daily has reported in September 2018 that China's IoT market was worth more than $174 billion in 2017, and that the Annual IoT Industry Development Report of China valued this market at an estimated CNY 1.5 trillion (US$222.6 billion) by the end of 2018.