San Francisco Bay Area based Clovity has partnered with Colorado based company EUCAST Global in a strategic move that will align the private network capabilities of EUCAST and their steadfast, reliable and low latency 5G/CBRS radio base stations with Clovity’s highly capable IoT software platform. The end result is an ‘IoT network in a box’. A fully deployable private network capability coupled with the software that can bring forward smart devices and aggregated data that is truly at the edge of a network.
Chief Strategy Officer, Chris Medina says, “This new strategic partnership will re-shape how we go to market with many of our industrial and smart city clients as a start. We are already seeing the synergies in providing a turn-key solution that meets the needs of clients wanting to manage their smart devices remotely by placing them onto a network that is both secure and highly scalable. Our IoT software, called CSensorNet, reads data from these devices and can display analytics right from the network using our artificial intelligence and edge component of our IoT application.”
Also Read: Three Practices Marketing Leaders Can Adopt for Their Next Campaign
Medina further commented that, “Clients are focused on security of their network and the devices that provide critical information. This is not just on the infrastructure but also data that can be used to make real time decisions and even facilitate machine learning. More and more companies are moving to Private Networks and deploying them to capture the CBRS spectrum as a cost savings compared to big telco infrastructure and costly cellular usage fees.”
The global private 5G network market size was valued at USD 1.38 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 47.5% from 2022 to 2030 and the IoT market is expected to grow by USD 421.28 billion at a CAGR of 32.95% as per the latest market report by Technavio and Grandview researchers. The EUCAST and Clovity partnership seeks to capitalize on this and begin to revolutionize an already disruptive industry.
For more such updates follow us on Google News TalkCMO News. Subscribe to our Newsletter for more update
