- Altran's strong record of accomplishment in innovation and design recognized in IoT market worth $140 billion
SANTA CLARA, California, August 16, 2017 - Altran, a global design and engineering company, today announced that for the second year running, the company has been recognized among the leading players in the IoT market by Zinnov. The Zinnov Zones 2017 IoT Technology Services report classed Altran in the leadership zone in five major industry categories that underline the company’s rich heritage in innovation and design. The categories are Advisory & Consulting, Product Engineering, Platform & Application, Communications and Sensors & Devices.
Recognizing Altran's strong performance across multiple IoT verticals, Zinnov placed the company in the execution zone in four major industry categories: System Integration, Managed Services, Big Data Management and Analytics Services. Altran’s prominent position in IoT is a testament to its strong track record of working with the world’s leading brands to create and innovate solutions that have generated billions in revenues. Altran’s IoT focus has been towards acceleration of product re-invention, digitization and smart services for focus industries through a unique Design-Integrated Engineering approach that brings together deep expertise across service lines and technology expertise in artificial intelligence, machine learning, security, data science and more.
The IoT market is growing at a phenomenal rate. Zinnov research found that enterprises globally have spent $140 billion on IoT technology products and services. Zinnov forecasts the global IoT market will post an average 18% compounded annual growth rate, reaching $322 billion in 2022. For additional details, please visit https://www.slideshare.net/zinnov/zinnov-zones-for-iot-services
Frank Kern, Altran (formerly Aricent) CEO said, “Our R&D investments and deep understanding of IoT have helped us maintain our position as a market leader. Altran delivers value and expertise to clients at every step of their IoT journey, from ideation to design and development to product realization.”
Frank added, “Clients value our innovation model combining frog's design and Altran's engineering DNA. Our robust frameworks help our customers secure and monetize IoT solutions and develop meaningful relationships with their customers to build stronger IoT ecosystems. This level of commitment and dedication makes Altran a leader in the IoT market.”
Earlier this year in its Product Engineering Services (PES) report, Zinnov recognized Altran as an established and expansive PES player in five industries: automotive, enterprise software, industrial automation, semiconductors and telecommunications.
“Altran’s strong performance has continued to impress us,” said Sidhant Rastogi, Partner & Practice head, Zinnov. “We examined the key fundamentals that build a strong IoT foundation, assessed the strength of the IoT services offered, the expertise, the client base and business models and found Altran among the leading players. By successfully leveraging the capabilities of the frog team, Altran has developed innovative solutions for customers that deliver real value. That is what differentiates Altran and makes the company a valuable IoT partner.”
Altran (formerly Aricent) is a global design and engineering company innovating for customers for what comes next in North America and beyond. We lead our clients into the future by solving their most complex engineering services needs and mission critical software framework solutions. For decades, we have helped companies connect new things and scale with intention. We bring differentiated value to market faster in focused industries to help transform products, brands, companies and start-ups. Based in San Francisco, frog, the global leader in innovation and product design, is also part of Altran.
Zinnov was founded in 2002, with presence in Bangalore, Gurgaon, Silicon Valley, and Houston. Since its inception, Zinnov has built in-depth expertise in Product Engineering and Digital Transformation. With a strong foundation in Research and Strategy Consulting they enable their clients to accelerate growth and create efficiencies through innovation, productivity, technology, networked economies and cost savings. They work with clients in the Software, Automotive, Telecom & Networking, Consumer Electronics, Storage, Healthcare, Financial Services & Retail, Semiconductor verticals in US, Europe, Japan & India.
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Altran North America Media