Current and Evolving Opportunities for Professional Services in the Test and Measurement (T&M) Market, Forecast to 2021

Increasing Customer Outsourcing Drives Business Value for New Services

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It is no secret that getting profitability from hardware in the professional services Test and Measurement (T&M) market has become increasingly challenging. As a result, there is a need for new designs to be more flexible to the constantly changing technology. It is not test equipment against test equipment anymore, and test equipment vendors cannot only focus on hardware. Instead, there is a significant focus on building a platform solution that effectively integrates hardware, software analytics, and services. Companies are focused on redesigning the customer experience across the entire life cycle of test equipment by considering all the interactions that users have with the test product.

This research service analyzes new areas of advanced services that test equipment companies want to invest in—beyond the traditional services of repair, calibration, and leasing. It provides forecasts from 2016 to 2021 for 3 main advanced service sectors namely, asset management, prototyping and consulting, and test data analytics for manufacturing. Customer expectations are changing according to business propositions and contrary to previous belief, the term ‘disruption’ has come to indicate challenging assumptions by delivering new value to customers and generating new revenue streams beyond the constraints of an existing operating model.

Some of the key questions that this study will answer are as follows.
•     What are the new advanced service-based business models emerging in the T&M services space?
•     Are existing competitors structured correctly to meet customer needs related to advanced services?
•     To what extent have competitors in the T&M services space developed capabilities related to advanced services?
•     What is the total market size of the global advanced services market in T&M and what are its growth opportunities?
•     Are existing services offered meeting customer needs or is additional development needed?
•     Which end-user verticals show major growth opportunities?

Table of Contents

1. Executive Summary
Key Findings
Global Trends
End-user Verticals
Competitive Analysis
Key Competitive Factors
Future Outlook
Current and Future Parameters
Market Engineering Measurements
CEO’s Perspective
2. Market Overview
Market Definitions
Market Segmentation
Asset Management
Prototyping and Consulting Services
Test Data Analytics and Management Services for Manufacturing Quality
Market Distribution Channels
Market Trends
Business Service Evolution and Landscape
Overview of Users of Advanced Services
Duration of Service Contracts
3. Drivers and Restraints—Total Advanced Services Market in T&M
Market Drivers
Increasing customer outsourcing drives demand for advanced services
Greater need for efficiency and effective use of capital drives need for advanced services
Need for greater optimization of usage of test equipment encourages market growth
OEMs’ growing desire to use data analytics to effectively improve efficiency encourages market growth
Increasing education of end users drives need for advanced services
Market Restraints
Wariness on the reliability of data analytics inhibits market adoption
Interoperability and integration issues/concerns in multi-vendor environments inhibits market adoption
Low awareness and adoption for a broad set of use cases and applications restrains demand
Initial cost considerations slows the pace of development
4. Forecasts and Trends—Total Advanced Services Market in T&M
Market Engineering Measurements
Revenue Forecast
Revenue Forecast by Vertical End-user Market
End-user Industry Analysis
Current End-Users of Advanced Services Market in T&M
5. Market Share and Competitive Analysis—Total Advanced Services Market in T&M
Market Share
Keysight Technologies
National Instruments
Averna
Anritsu
Others
Market Share Analysis
Competitive Environment
Top Competitors
Service Highlights
Competitive Assessment
6. Growth Opportunities and Companies to Action
Transformation of Advanced Services in the T&M Ecosystem—2016
Growth Opportunity 1—Integrated Service Delivery
Growth Opportunity 2—OPEX Model Service Delivery
Growth Opportunity 3—Data Analytics Service Solution and Application Development
Growth Opportunity 4—Control of All Test and Repair Data
Growth Opportunity 5—Accelerate Time to Market
Growth Opportunity 6—Shift from a Reactive Business Model to a Proactive Business Model
Strategic Imperatives for Advanced Service Providers
7. Asset Management Services Market in T&M Analysis
Asset Management Services Segment—Key Findings
Market Distribution Channels
Overview of Current Business Model
Overview of Asset Management Services’ Benefits
Transformation in the Asset Management Service Delivery
Integrated Service Delivery Business Model
Pricing Overview
Pricing Model Development
Market Engineering Measurements
Revenue Forecast
Asset Management Services’ Revenue Split
Market Share
Microlease
Tektronix
Fluke
Sente Group
Keysight Technologies
Others
Market Share Analysis
Competitive Environment
Competitive Landscape
8. Prototyping and Consulting Services Market in T&M Analysis
Prototyping and Consulting Services Segment—Key Findings
Market Engineering Measurements
Prototyping and Consulting Services Application Areas
Evolution of Prototyping and Consulting Services
Revenue Forecast
Market Share
Keysight Technologies
National Instruments
Anritsu
Averna
Others
Market Share Analysis
Competitive Environment
9. Test Data Analytics and Management Services for Manufacturing Market in T&M Analysis
Test Data Analytics and Management Services for Manufacturing Segment—Key Findings
Market Engineering Measurements
Test Data Analytics and Management Services in Manufacturing Application Areas
Evolution of Test Data Analytics Services and Decision Making
Features and Pricing Criteria Overview
Revenue Forecast
Market Share
Virinco
IntraStage
Averna
Tequra Analytics
Keysight Technologies
Others
Market Share Analysis
Competitive Environment
10. The Last Word
The Last Word—3 Big Predictions
Test Data Analytics and Management Services for Manufacturing
Prototyping and Consulting Services
Asset Management Services
Legal Disclaimer
11. Appendix
Market Engineering Methodology
List of Other Market Participants in the Total Market
Partial List of Companies Interviewed
Learn More—Next Steps

Infographic



List of Figures & Charts

1. Total Advanced Services Market in T&M: Key Conclusions and Future Outlook, Global, 2016–2021
2. Total Advanced Services Market in T&M: Test Equipment Typical Lifecycle, Global, 2016
3. Total Advanced Services Market in T&M: Key Market Drivers, Global, 2017–2021
4. Total Advanced Services Market in T&M: Key Market Restraints, Global, 2017–2021
5. Total Advanced Services Market in T&M: Market Engineering Measurements, Global, 2016
6. Total Advanced Services Market in T&M: Market Share Analysis of Top 4 Participants, Global, 2016
7. Total Advanced Services Market in T&M: Competitive Structure, Global, 2016
8. Total Advanced Services Market in T&M: SWOT Analysis, Global, 2016
9. Total Advanced Services Market in T&M: Top Service Highlights for Top Companies, Global, 2016
10. Total Advanced Services Market in T&M: Competitive Assessment by Services, Global, 2016
11. Asset Management Services Market in T&M: Market Engineering Measurements, Global, 2016
12. Asset Management Services Market in T&M: Asset Management Revenue Split, Global, 2016
13. Asset Management Services Market in T&M: Market Share Analysis of Top 5 Participants, Global, 2016
14. Asset Management Services Market in T&M: Competitive Structure, Global, 2016
15. Prototyping and Consulting Services Market in T&M: Market Engineering Measurements, Global, 2016
16. Prototyping and Consulting Services Market in T&M: Market Share Analysis of Top 4 Participants, Global, 2016
17. Prototyping and Consulting Services Market in T&M: Competitive Structure, Global, 2016
18. Test Data Analytics and Management Services for Manufacturing Market in T&M: Market Engineering Measurements, Global, 2016
19. Test Data Analytics and Management Services for Manufacturing Market in T&M: Market Share Analysis of Top 5 Participants, Global, 2016
20. Test Data Analytics and Management Services for Manufacturing Market in T&M: Competitive Structure, Global, 2016


1. Total Advanced Services Market in T&M: Revenue Forecast for Asset Management Segment, Global, 2016 and 2021
2. Total Advanced Services Market in T&M: Percent Revenue by End-user Vertical, Global, 2016
3. Total Advanced Services Market in T&M: Market Engineering Measurements, Global, 2016
4. Total Advanced Services Market in T&M: Percent Revenue Breakdown by Segment, Global, 2016
5. Total Advanced Services Market in T&M: Distribution Channel Analysis, Global, 2016
6. Total Advanced Services Market in T&M: Market Trends, Global, 2016
7. Total Advanced Services Market in T&M: Business Service Evolution, Global, 2016–2021
8. Total Advanced Services Market in T&M: Applications by Key End-user Industry, Global, 2016
9. Total Advanced Services Market in T&M: Duration of Services’ Contract, Global, 2016
10. Total Advanced Services Market in T&M: Revenue Forecast, Global, 2015–2021
11. Total Advanced Services Market in T&M: Revenue Forecast by Vertical End-user Market, Global, 2015–2021
12. Total Advanced Services Market in T&M: Revenue Shares Evolution by End-user Industry, Global, 2016 and 2021
13. Total Advanced Services Market in T&M: Partial List of Current End Users by Industry, Global, 2016
14. Total Advanced Services Market in T&M: Percent Revenue Breakdown, Global, 2016
15. Total Advanced Services Market in T&M: Percent Revenue Breakdown by Segment, Global, 2016
16. Asset Management Services Market in T&M: Distribution Channel Analysis, Global, 2016
17. Asset Management Services Market in T&M: Distribution Channel Analysis, Global, 2016
18. Asset Management Services Market in T&M: Benefits Analysis, Global, 2016
19. Asset Management Services Market in T&M: Expanded Offering, Global, 2016
20. Asset Management Services Market in T&M: Integrated Service Delivery, Global, 2016
21. Asset Management Services Market in T&M: Pricing Overview, Global, 2016
22. Asset Management Services Market in T&M: Pricing Model Development, Global, 2016
23. Asset Management Services Market in T&M: Revenue Forecast, Global, 2015–2021
24. Asset Management Services Market in T&M: Percent Revenue Breakdown, Global, 2016
25. Asset Management Services Market in T&M: Competitive Landscape, Global, 2016
26. Total Advanced Services Market in T&M: Percent Revenue Breakdown by Segments, Global, 2016
27. Prototyping and Consulting Services Market in T&M: Evolution of Prototyping and Consulting Services, Global, 2016
28. Prototyping and Consulting Services Market in T&M: Revenue Forecast, Global, 2015–2021
29. Prototyping and Consulting Services Market in T&M: Percent Revenue Breakdown, Global, 2016
30. Total Advanced Services Market in T&M: Percent Revenue Breakdown by Segments, Global, 2016
31. Test Data Analytics and Management Services for Manufacturing Market in T&M: Transformation Areas, Global, 2016
32. Test Data Analytics and Management Services for Manufacturing Market in T&M: Evolution of Test Data Analytics and Management Services, Global, 2016
33. Test Data Analytics and Management Services for Manufacturing Market in T&M: Pricing Overview, Global, 2016
34. Test Data Analytics and Management Services for Manufacturing Market in T&M: Revenue Forecast, Global, 2015–2021
35. Test Data Analytics and Management Services for Manufacturing Market in T&M: Percent Revenue Breakdown, Global, 2016



Keyword1
professional services in the test and measurement
Keyword2
test equipment
Keyword3
professional services in the test and measurement

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