It is only one year since Nasdaq Stock Cisco Systems, Inc. (NASDAQ:CSCO) bought Jasper Technologies for a whopping $1.4 billion. With Japser, Cisco created Internet of Things (IoT) cloud business. Cisco just made public during the Mobile World Congress its intention to expand the platform.
Remarkable effects of purchase
Since the sale last year, Jasper has undergone through a series of significant progress. The customer base has grown significantly from 3500 to 9000 a remarkable growth of 157% in enterprise customers. The number of service providers has risen by 42%, from 35 to 50. Devices under management have grown from 17 million to over 40 million, a growth of 135%. The growth is associated with being at the edge of the market potential for internet’s things. Though the company could still have recorded growth on its own, association with Cisco played a significant role in the massive growth experienced by Jasper. Chuck Robbins, the CEO records that Jasper is able to connect over 40 million devices which include more than 12 million connected vehicles. 1.5 million new devices are expected to be added every month.
How does Cisco affect the market?
Cisco-Jasper has adopted Narrow Band-Iot a 3GPP standard for Low Power Wide Area Networking (LPWAN). It anticipates enhancing the massive growth of IoT devices by increasing the number of connected devices to more than 3 billion in vision 2023. Cisco works towards enacting lower power consumption while maintaining excellent coverage. It uses LTE infrastructure in its NB-IoT. Industries that are expected to adopt NB-IoT include smart meters, asset tracking, smart cities, smart parking, remote agriculture and building automation.
The partners and clients
Cisco is in partnership with over 50 service providers who help in managing IoT devices in more than 550 mobile operators networks. Most of these service providers have already made a commitment to support NB-IoT.