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Jasper Technologies

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uuid000calz

Namestring
Jasper Technologies
Legal namestring
Cisco Systems, Inc.
Websiteurl
jasper.com
Company typeenum
Public
Founded yearint
1984
Descriptiontext

Jasper Technologies, founded in 2004 in Santa Clara, California, pioneered machine-to-machine and IoT connectivity management platforms. In 2016 it was acquired by Cisco for approximately $1.4 billion and its platform became the foundation for Cisco IoT Control Center, a cloud-based SaaS connectivity management platform that manages the entire lifecycle of cellular IoT devices. The platform provides zero-touch provisioning of SIMs, lifecycle-aware configuration, rules-based automation, real-time network visibility, AI/ML-powered anomaly detection, dynamic reporting, flexible billing including split and multi-party arrangements, multi-layered security with IMEI device lock-in, and eSIM remote provisioning integrated with carrier partners.

The platform operates at large scale, connecting 60+ mobile service providers and 32,000+ enterprises across 120+ countries, managing 270M+ devices and processing 500+ TB of data per day. It serves 20+ industries through five primary vertical use cases: connected car, smart metering, electric vehicle charging, fleet management, and IoT asset management. Distribution runs through Cisco's direct enterprise field sales organization, a 60+ service provider reseller channel, and an online starter kit self-serve pathway at m2m.com. Cisco has been named Industry Pacesetter by Counterpoint Research for two consecutive years and received the 2025 Frost & Sullivan Award for the category.

Revenue is generated through recurring SaaS subscriptions priced on device count, usage volume, and feature tiers, with event-based incentives and flexible split/multi-party billing. Pricing is custom and not publicly disclosed. Jasper Technologies is no longer a standalone operating entity following the Cisco acquisition; the IoT Control Center product line is part of Cisco Systems, Inc. (NASDAQ: CSCO), a publicly traded corporation headquartered in San Jose, California.

Short descriptiontext

Jasper Technologies, founded in 2004 and acquired by Cisco in 2016, is now Cisco IoT Control Center — a cloud-based SaaS platform that manages cellular connectivity and lifecycle of 270M+ IoT devices across 32,000+ enterprises, 60+ service providers, and 120+ countries.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersSanta Clara, United States
HQ citystring
Santa Clara
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
IoT connectivity management, cellular IoT platform, SaaS connectivity platform, IoT device lifecycle, M2M connectivity services
Industry1 code
PRIMARYHDAIAGAG
IoT Connectivity Management (Private APN, SIM/eSIM, Device Connectivity)
Hardware, Technology & Telecom/Telecommunications & Network Services/Private Networks & Managed Connectivity (Enterprise LTE/5G, Wi-Fi)
NAICS code1 code
  • Computer Systems Design and Related Services54151
SIC code1 code
  • Services-Computer Programming, Data Processing, Etc.7370
Product category
IoT Connectivity Management Platform
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1IoT Connectivity Management Platform Subscription
TypeSubscription Recurring
Description

Cloud-based SaaS platform providing IoT connectivity management services to enterprises. The platform generates revenue through subscription-based access with pricing tied to device count, usage volumes, and feature tiers. Includes flexible billing with variety of rate plans and event-based incentives/credits.

cisco.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeSoftware
Software
Brand1 record
1Cisco IoT Control Center
Description

A connectivity management platform for IoT devices that enables zero-touch provisioning, lifecycle-aware configuration, business process automation, flexible billing, real-time network visibility, and integrated security features.

cisco.com
Core offering1 text field

Jasper Technologies, operating as Cisco IoT Control Center, provides a cloud-based SaaS connectivity management platform for cellular IoT devices. The platform automates the full lifecycle of IoT connectivity — from zero-touch SIM provisioning and lifecycle-aware configuration to flexible billing, AI/ML-powered anomaly detection, automated diagnostics, and integrated security (including eSIM remote provisioning). It is sold to enterprises and delivered through Cisco's direct sales force and 60+ service provider partners across 120+ countries.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 20+ industries served with scalable connectivity management
+2 more records
Product overview1 text field

The Cisco IoT Control Center is a single unified connectivity management platform (CMP) that provides end-to-end IoT device management. The platform consists of integrated components including automated provisioning and lifecycle-aware configuration for complete automation; flexible billing with various rate plans, split/multi-party billing, and event-based incentives; operational tools with real-time network visibility, dynamic reporting, and AI-powered anomaly detection; and integrated security featuring multi-factor authentication, granular access controls, and device-level SIM security. The platform supports eSIM remote provisioning and management capabilities.

Product and service1 record
1Cisco IoT Control Center
CategoryIoT Connectivity Management Platform
Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Spark New Zealand partnered with Cisco to offer IoT connectivity services, enabling smarter connections for customers in the digital age. The partnership extends beyond connecting people to connecting all 'things' (IoT devices). Paul Caples, Head of IoT Platforms at Spark New Zealand, serves as a customer reference with published testimonial and video case study.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Ericsson's IoT Accelerator is a global cellular IoT connectivity management platform offered by a major telecom equipment vendor. It directly competes with Cisco IoT Control Center for enterprise and service-provider customers, with similar capabilities around SIM management, provisioning, and lifecycle automation.

TypeDirect peer
Description

Aeris is a long-standing pure-play IoT connectivity management platform serving enterprises with cellular IoT deployments. It competes head-to-head with Jasper/Cisco in connected car, fleet, and industrial IoT segments with comparable device lifecycle and managed connectivity services.

TypeDirect peer
Description

KORE Wireless is a dedicated IoT connectivity and managed services provider offering cellular IoT CMP capabilities and global multi-carrier connectivity. It is a direct peer in serving enterprises with cross-border IoT device deployments at scale.

TypeDirect peer
Description

Nokia WING is a managed IoT connectivity service that aggregates global carrier relationships to deliver enterprise IoT. Like Cisco IoT Control Center, it provides a single platform abstraction across multiple service providers for multinational deployments.

TypeDirect peer
Description

Vodafone's IoT division operates a major global IoT connectivity platform serving automotive, fleet, and industrial customers. As a carrier-direct offering it competes with Jasper by absorbing the CMP layer into the carrier itself.

TypeDirect peer
Description

Telit Cinterion is an IoT module vendor that has expanded into connectivity management platforms following the Thales cellular IoT acquisition. It competes with Cisco IoT Control Center across module-plus-platform bundled offerings.

TypeBroad incumbent
Description

Azure IoT Hub is a hyperscaler-grade IoT platform offering device management, messaging, and analytics as part of Microsoft's broader cloud stack. It overlaps with Jasper's device lifecycle and connectivity management capabilities at the upper end of enterprise scale.

TypeBroad incumbent
Description

AWS IoT Core is the hyperscaler's managed IoT service offering device connectivity, messaging, and integration with the broader AWS analytics and ML ecosystem. It competes with Cisco IoT Control Center particularly for cloud-first enterprises.

TypeBroad incumbent
Description

Google Cloud has transitioned its first-party IoT service to partner-delivered offerings, but its broader cloud and analytics platform remains an alternative for enterprise IoT workloads competing with Cisco IoT Control Center.

TypeEmerging player
Description

Sierra Wireless (now part of Semtech) provides cellular IoT modules, gateways, and managed connectivity services. It competes with Jasper in industrial and enterprise IoT segments, particularly where bundled module-plus-platform offerings are valued.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability2 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds7 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors11 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Jasper Technologies

IoT Connectivity Management Platformjasper.com

Jasper Technologies, founded in 2004 and acquired by Cisco in 2016, is now Cisco IoT Control Center — a cloud-based SaaS platform that manages cellular connectivity and lifecycle of 270M+ IoT devices across 32,000+ enterprises, 60+ service providers, and 120+ countries.

What Jasper Technologies does

Jasper Technologies, founded in 2004 in Santa Clara, California, pioneered machine-to-machine and IoT connectivity management platforms. In 2016 it was acquired by Cisco for approximately $1.4 billion and its platform became the foundation for Cisco IoT Control Center, a cloud-based SaaS connectivity management platform that manages the entire lifecycle of cellular IoT devices. The platform provides zero-touch provisioning of SIMs, lifecycle-aware configuration, rules-based automation, real-time network visibility, AI/ML-powered anomaly detection, dynamic reporting, flexible billing including split and multi-party arrangements, multi-layered security with IMEI device lock-in, and eSIM remote provisioning integrated with carrier partners.

The platform operates at large scale, connecting 60+ mobile service providers and 32,000+ enterprises across 120+ countries, managing 270M+ devices and processing 500+ TB of data per day. It serves 20+ industries through five primary vertical use cases: connected car, smart metering, electric vehicle charging, fleet management, and IoT asset management. Distribution runs through Cisco's direct enterprise field sales organization, a 60+ service provider reseller channel, and an online starter kit self-serve pathway at m2m.com. Cisco has been named Industry Pacesetter by Counterpoint Research for two consecutive years and received the 2025 Frost & Sullivan Award for the category.

Revenue is generated through recurring SaaS subscriptions priced on device count, usage volume, and feature tiers, with event-based incentives and flexible split/multi-party billing. Pricing is custom and not publicly disclosed. Jasper Technologies is no longer a standalone operating entity following the Cisco acquisition; the IoT Control Center product line is part of Cisco Systems, Inc. (NASDAQ: CSCO), a publicly traded corporation headquartered in San Jose, California.

Jasper Technologies firmographics

Firmographics
Name
Jasper Technologies
Legal name
Cisco Systems, Inc.
Website
https://jasper.com
Company type
Public
Founded year
1984
Operating status
Operating
Headcount range
101–250 employees
Short description
Jasper Technologies, founded in 2004 and acquired by Cisco in 2016, is now Cisco IoT Control Center — a cloud-based SaaS platform that manages cellular connectivity and lifecycle of 270M+ IoT devices across 32,000+ enterprises, 60+ service providers, and 120+ countries.
Ownership category
akta.pro rank

Jasper Technologies industry classification

Industry
Product category
IoT Connectivity Management Platform
NAICS
Computer Systems Design and Related Services (54151)
SIC
Services-Computer Programming, Data Processing, Etc. (7370)
akta.pro industry
PRIMARYHDAIAGAG
IoT Connectivity Management (Private APN, SIM/eSIM, Device Connectivity)
Hardware, Technology & Telecom/Telecommunications & Network Services/Private Networks & Managed Connectivity (Enterprise LTE/5G, Wi-Fi)

Keywords

  • IoT connectivity management
  • Cellular IoT platform
  • SaaS connectivity platform
  • IoT device lifecycle
  • M2M connectivity services

Where Jasper Technologies is headquartered

Location

Headquarters

HQ city
Santa Clara
HQ country
United States
HQ region
North America

Markets served

Jasper Technologies business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

  1. IoT Connectivity Management Platform Subscription: Cloud-based SaaS platform providing IoT connectivity management services to enterprises. The platform generates revenue through subscription-based access with pricing tied to device count, usage volumes, and feature tiers. Includes flexible billing with variety of rate plans and event-based incentives/credits.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Jasper Technologies product offering

Product offering

Core offering

Jasper Technologies, operating as Cisco IoT Control Center, provides a cloud-based SaaS connectivity management platform for cellular IoT devices. The platform automates the full lifecycle of IoT connectivity — from zero-touch SIM provisioning and lifecycle-aware configuration to flexible billing, AI/ML-powered anomaly detection, automated diagnostics, and integrated security (including eSIM remote provisioning). It is sold to enterprises and delivered through Cisco's direct sales force and 60+ service provider partners across 120+ countries.

Product overview

The Cisco IoT Control Center is a single unified connectivity management platform (CMP) that provides end-to-end IoT device management. The platform consists of integrated components including automated provisioning and lifecycle-aware configuration for complete automation; flexible billing with various rate plans, split/multi-party billing, and event-based incentives; operational tools with real-time network visibility, dynamic reporting, and AI-powered anomaly detection; and integrated security featuring multi-factor authentication, granular access controls, and device-level SIM security. The platform supports eSIM remote provisioning and management capabilities.

Differentiator

Problem solved

Functional benefit

Brands

  • Cisco IoT Control Center: A connectivity management platform for IoT devices that enables zero-touch provisioning, lifecycle-aware configuration, business process automation, flexible billing, real-time network visibility, and integrated security features.

Products and services

  • Cisco IoT Control Center

Quantifiable outcome

  • 20+ industries served with scalable connectivity management
  • +2 more outcomes

Companies that use Jasper Technologies

Customer profile

Named customers1 record

Segments5 records

Ideal customer profiles1 record

Jasper Technologies technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Jasper Technologies partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Spark New ZealandcoreStrategic or Co-development PartnerSpark New Zealand partnered with Cisco to offer IoT connectivity services, enabling smarter connections for customers in the digital age. The partnership extends beyond connecting people to connecting all 'things' (IoT devices). Paul Caples, Head of IoT Platforms at Spark New Zealand, serves as a customer reference with published testimonial and video case study.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Jasper Technologies competitors and assessment

Company assessment

Direct peers

  • Ericsson IoT Accelerator: Ericsson's IoT Accelerator is a global cellular IoT connectivity management platform offered by a major telecom equipment vendor. It directly competes with Cisco IoT Control Center for enterprise and service-provider customers, with similar capabilities around SIM management, provisioning, and lifecycle automation.
  • Aeris Communications: Aeris is a long-standing pure-play IoT connectivity management platform serving enterprises with cellular IoT deployments. It competes head-to-head with Jasper/Cisco in connected car, fleet, and industrial IoT segments with comparable device lifecycle and managed connectivity services.
  • KORE Wireless: KORE Wireless is a dedicated IoT connectivity and managed services provider offering cellular IoT CMP capabilities and global multi-carrier connectivity. It is a direct peer in serving enterprises with cross-border IoT device deployments at scale.
  • Nokia WING (Worldwide IoT Network Grid): Nokia WING is a managed IoT connectivity service that aggregates global carrier relationships to deliver enterprise IoT. Like Cisco IoT Control Center, it provides a single platform abstraction across multiple service providers for multinational deployments.
  • Vodafone IoT (Vodafone Business IoT): Vodafone's IoT division operates a major global IoT connectivity platform serving automotive, fleet, and industrial customers. As a carrier-direct offering it competes with Jasper by absorbing the CMP layer into the carrier itself.
  • Telit Cinterion: Telit Cinterion is an IoT module vendor that has expanded into connectivity management platforms following the Thales cellular IoT acquisition. It competes with Cisco IoT Control Center across module-plus-platform bundled offerings.

Broad incumbents

  • Microsoft Azure IoT Hub: Azure IoT Hub is a hyperscaler-grade IoT platform offering device management, messaging, and analytics as part of Microsoft's broader cloud stack. It overlaps with Jasper's device lifecycle and connectivity management capabilities at the upper end of enterprise scale.
  • AWS IoT Core: AWS IoT Core is the hyperscaler's managed IoT service offering device connectivity, messaging, and integration with the broader AWS analytics and ML ecosystem. It competes with Cisco IoT Control Center particularly for cloud-first enterprises.
  • Google Cloud IoT (Partner-delivered): Google Cloud has transitioned its first-party IoT service to partner-delivered offerings, but its broader cloud and analytics platform remains an alternative for enterprise IoT workloads competing with Cisco IoT Control Center.

Emerging players

  • Sierra Wireless (Semtech): Sierra Wireless (now part of Semtech) provides cellular IoT modules, gateways, and managed connectivity services. It competes with Jasper in industrial and enterprise IoT segments, particularly where bundled module-plus-platform offerings are valued.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Jasper Technologies social profiles

Digital presence

Jasper Technologies financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Jasper Technologies leadership team

Management profile

Number of profiles

Profiles4 records

Jasper Technologies funding detail

Funding detail

Funding overview

Funding rounds7 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Jasper Technologies M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jasper Technologies

What does Jasper Technologies do?

Jasper Technologies, operating as Cisco IoT Control Center, provides a cloud-based SaaS connectivity management platform for cellular IoT devices. The platform automates the full lifecycle of IoT connectivity — from zero-touch SIM provisioning and lifecycle-aware configuration to flexible billing, AI/ML-powered anomaly detection, automated diagnostics, and integrated security (including eSIM remote provisioning). It is sold to enterprises and delivered through Cisco's direct sales force and 60+ service provider partners across 120+ countries.

Is Jasper Technologies a public or private company?

Jasper Technologies is a public company. It is classified as corporate owned and is currently operating.

When was Jasper Technologies founded?

Jasper Technologies was founded in 1984. It employs 101 to 250 people.

Where is Jasper Technologies based?

Jasper Technologies is headquartered in Santa Clara, United States, in the North America region.

How does Jasper Technologies make money?

One revenue line is on record: ioT Connectivity Management Platform Subscription.

Who are Jasper Technologies's main competitors?

Direct peers on record are Ericsson IoT Accelerator, Aeris Communications, KORE Wireless, Nokia WING (Worldwide IoT Network Grid), Vodafone IoT (Vodafone Business IoT) and Telit Cinterion. Broad incumbents are Microsoft Azure IoT Hub, AWS IoT Core and Google Cloud IoT (Partner-delivered). Sierra Wireless (Semtech) is listed as an emerging player.

Does Jasper Technologies have an API?

No public API is recorded for Jasper Technologies.

What industry is Jasper Technologies in?

Jasper Technologies's product category is IoT Connectivity Management Platform. Its primary akta.pro industry code is HDAIAGAG, IoT Connectivity Management (Private APN, SIM/eSIM, Device Connectivity). Its NAICS code is 54151 and its SIC code is 7370.

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Live signals
GlobeNewswireCisco Completes Acquisition of Jasper to Accelerate Enterprise IoTCisco completed its acquisition of Jasper, a cloud-based IoT service platform, and formed a new IoT Cloud Business Unit. The combined company will offer IoT services like usage-based insurance and predictive maintenance, targeting the $4.3 trillion IoT opportunity. Jasper's CEO Jahangir Mohammed will become GM of the unit.GlobeNewswireJasper and Telular Partner to Expand IoT Solutions for Commercial Telematics and SecurityJasper and Telular announced a partnership to integrate Jasper's Control Center IoT platform with Telular's SkyBitz and Telguard products. The collaboration aims to help telematics providers and security dealers increase productivity, reduce costs, and deliver new revenue-generating services. Jasper partners with 27 mobile operator groups representing over 100 networks worldwide.GlobeNewswireGemalto and Jasper Partner to Simplify the Global Deployment of IoT DevicesGemalto and Jasper announced a partnership to simplify global IoT device deployment via on-demand subscription management. The integration combines Jasper's IoT platform with Gemalto's LinqUs On-Demand Connectivity, enabling remote provisioning and management of subscriptions through a single embedded SIM. The solution aims to reduce complexity and cost for enterprises across multiple mobile operators.GlobeNewswireJasper and POST Luxembourg Launch IoT Services Throughout EuropeJasper and POST Luxembourg announced their combined network and IoT platform for European enterprises to launch and monetize IoT services. They migrated 1.1 million connected cars to the platform, and Jasper partners with 27 mobile operator groups representing over 100 networks.FinSMEsCisco to Acquire Jasper Technologies for $1.4 BillionCisco agreed to acquire Jasper Technologies for $1.4 billion in cash and assumed equity awards, plus retention incentives. Jasper provides a cloud-based IoT service platform serving over 3,500 enterprises and 27 service provider groups. The deal is expected to close in the third quarter of fiscal year 2016.TechCrunchCisco To Buy Jasper Technologies For $1.4 BillionCisco announced a $1.4 billion acquisition of Jasper Technologies, an IoT cloud platform developer. Jasper serves over 3,500 enterprise customers and 27 service providers across 100 countries, including Ford, GM, and Heineken. The deal is expected to close later this year pending regulatory approval.GlobeNewswireChina Unicom and Jasper Introduce End-to-End Connected Car Telematics Services ProviderChina Unicom and Jasper launched CUSC, an end-to-end connected car telematics service provider, on Dec 17, 2015. The service is built on Jasper's Control Center IoT platform and aims to help auto manufacturers enter China's connected car market. Jasper's platform integrates with 27 mobile operator groups representing over 100 networks.GlobeNewswireJasper Strikes Alliance to Integrate With IBM IoT FoundationJasper announced a partnership with IBM to integrate its IoT service platform, Control Center, with IBM's IoT Foundation. The integration aims to provide enterprises with end-to-end IoT deployment, analytics, and global visibility. Jasper partners with 27 mobile operator groups to deliver the solution.GlobeNewswireChina Shows Strong Market Demand for IoT Platform From Jasper & China UnicomJasper announced that over 500 enterprises activated trial accounts on China Unicom's Control Center IoT platform in the first three months of availability. Many converted to paid accounts, deploying services across industries like connected cars, retail, and wearables. The platform enables rapid time-to-market and global scalability.Oxford Business GroupBreaking boundaries: Businesses are beginning to merge IT and telecoms provisionSaudi Arabia's major telecom operators STC, Mobily, and Zain are shifting from mass consumer markets to higher-value business and corporate clients by integrating telecoms and IT services, driven by declining voice revenues and mobile market saturation. Key strategic moves include Zain's partnership with Microsoft to offer Office 365, Mobily's collaborations with Jasper Technologies, IBM, Virtustream, and SAP for cloud and M2M services, and both STC and Mobily winning major contracts to build telecoms infrastructure for Saudi Arabia's new economic cities. The B2B segment is expected to grow 7% annually by 2017 to a market worth SR38bn ($10.1bn), according to AlRajhi Capital.