This partnership will enable Vodafone to provide Machine-to-Machine (M2M) solution to power JCB`s Livelink. – a telematics system that allows remote monitoring of its construction equipment and provides information on service, operation and security of the equipment.
Vodafone Business Services (VBS) – the enterprise arm of Vodafone India, has announced its technology partnership with JCB India Ltd – a manufacturer of construction equipment. This partnership will enable Vodafone to provide Machine-to-Machine (M2M) solution to power JCB`s Livelink. – a telematics system that allows remote monitoring of its construction equipment and provides information on service, operation and security of the equipment.
Announcing the collaboration with JCB India, Nick Gliddon, Director – Vodafone Business Services said, “Vodafone is renowned globally for being an undisputed leader in M2M solutions and is driving the Internet of Things (IoT). The VBS M2M powered Livelink will help the users of the JCB construction equipment to better manage the efficiency, maintenance and health of the equipment. JCB customers will manage working versus idle time, fuel usage and identify small problems before they cause unscheduled downtime.”
He added, “M2M presents a huge opportunity in the highly competitive Indian market. This Livelink deployment is an example of our strong, successful and differentiated approach to M2M in India. We have the capability to maintain over 10 billion SIMs and are confident of growing business further, especially from segments like healthcare and automobiles.”
According to Ipsos, the global construction equipment market was estimated at INR 5,551 billion ($90.5 billion) last year and is expected to reach INR. 7,310 billion by 2016, representing CAGR of 7.7 per cent. Emerging markets such as China and India are becoming increasingly important on the global stage as key players shift their production bases to Asia to drive revenue by benefiting from the region’s growing infrastructure investment, favourable government policies and mass-scale domestic markets. India’s construction equipment market outpaced global growth trends with the market estimated at INR. 208.4 billion at the end of last year. Revenue is expected to reach INR 461.5 billion by 2016, CAGR of 20.5 per cent.