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

Frost & Sullivan
3712.5000 USD https://store.frost.com/current-and-evolving-opportunities-for-professional-services-in-the-test-and-measurement-t-m-market-forecast-to-2021.html
RELEASE DATE
12-May-2017
REGION
Global
Research Code: MCC8-01-00-00-00
SKU: TM00461-GL-MR_20004
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  • Description
  • Table of Contents
  • List of Figures & Charts
  • View Infographics
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Description

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

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

Market Overview

Market Definitions

Market Segmentation

Market Distribution Channels

Market Trends

Business Service Evolution and Landscape

  • Asset Management
  • Prototyping and Consulting Services
  • Test Data Analytics and Management Services for Manufacturing Quality

Overview of Users of Advanced Services

Duration of Service Contracts

Drivers and Restraints—Total Advanced Services Market in T&M

Market Drivers

Market Restraints

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

Market Share and Competitive Analysis—Total Advanced Services Market in T&M

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Service Highlights

Competitive Assessment

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

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

Market Share Analysis

Competitive Environment

Competitive Landscape

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

Market Share Analysis

Competitive Environment

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

Market Share Analysis

Competitive Environment

The Last Word

The Last Word—3 Big Predictions

Legal Disclaimer

Appendix

Market Engineering Methodology

List of Other Market Participants in the Total Market

Partial List of Companies Interviewed

Learn More—Next Steps

List of Figures
  • 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
List of Charts
  • 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
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