Search results for: 'software revenue more'

The corrosion monitoring plays a vital role in several industries and assists in raising productivity and decreasing the downtime. There is a clear shift from intrusive corrosion monitoring techniques to non-intrusive corrosion monitoring technique. This is mainly due to the inherent disadvantages related to safety in intrusive corrosion monitoring...

10 Jun 2019  |  Global  |  Market Research

IoT in Pumps—Mapping Your IoT Monetization Strategy

Assessment of Innovative Business Models to Unlock New Revenue Streams

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This Frost & Sullivan study identifies, assesses, and evaluates the lucrative growth opportunities available for pump vendors if they integrate IIoT into their solution offering. Based on interactions with pump, automation, IoT, and end-user companies, Frost & Sullivan has identified 5 growth opportunities that helps pump manufacturers to identify ...

While Internet of Things (IoT) adoption is a strategic imperative, companies struggle with decisions related to legacy infrastructures, connectivity architecture and implementation. IoT professional service providers can help companies advance IoT plans by using their expertise and portfolio of solutions. Instead of following a build-and-own approa...

There is a lack of innovation and product differentiation in the Telecom power market, where many end users are still using old legacy systems. In order to gain market share, Telecom power manufacturers need to come up with technically advanced and innovative products that address the current customer frustrations and also evolving needs. One of th...

Latin America is a region rich in natural resources. As such, the extractive industry plays a crucial role in the countries’ economies. Although the oil and gas industry drives pump sales as the largest end user, other industries such as power generation, water and wastewater, construction, chemical processes, food and beverage, pharmaceuticals, an...

GenAI refers to algorithms and machine learning models used to create content, including text, audio, images, video, and code. To be a component of the IoT, Frost & Sullivan considers any product, application, or service must be part of a larger solution that comprises these 4 elements: Objects virtualized and imbued with data measurement ca...

The global network performance monitoring (NPM) and application performance management (APM) solutions market is well established and is witnessing a period of dynamic growth, with the tools increasing their focus on user experience while maintaining an optimal performance level for the network and application infrastructure. It includes various ta...

12 Jun 2020  |  Global  |  Megatrends

2025 Vision: Future of Pumps in a Connected World

Innovative Business Models Centered Around Services are Expected to Unlock New Revenue Streams for the Pumps Industry

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This study forecasts the future of the pumps industry amidst the onset of a new wave of digitalization and the Industrial Internet of Things (IIoT). The changing market conditions influenced by demand-supply shock, oil price volatility, political tension, and shift in customer preferences are making pump manufacturers revisit their value propositio...

09 Feb 2022  |  North America  |  Market Research

Global Motor Services Growth Opportunities

Future Growth Potential and Revenue Streams for OEMs Driven by Outcome-based Business Models that Focus on Efficiency

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This study identifies the most recent economic and technological trends in the global motor services industry and analyzes the short, medium, and long-term growth prospects. It examines how the shifting landscape and evolving end-user expectations are driving demand for smarter motor solutions that solve major obstacles end users confront. Today’s ...