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IoT will Lead to Innovation Across the Value Chain–from Product Conception to Synergies Among Various Business Stakeholders
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Although the Internet of Things (IoT) has been a buzzword for a long time, its penetration in the analytical instrumentation market has been limited when compared to other industrial markets. With key end users in the pharmaceuticals, food and beverage, and government sectors, the market proceeds with great caution (in terms of technology) as it deals with sensitive consumer industries. While most of the advancements have been made to reduce product footprint and increase its functional spectrum, it is time for key market participants to focus on developing and delivering value-added solutions, enabled by IoT.
This research service aims to capture the current market scenario and explore growth opportunities across multiple business paradigms. With advancements in electronic miniaturization, MEMS technology, high-speed communication, robotics, and cloud technology, it is important for companies to devise futuristic strategies that leverage this technology wave. These technologies will significantly impact the way in which customers and vendors connect, interact, develop, and sustain business relationships. The focus is the experience of the customer, which will become the key differentiating factor in the market. Change can be expected from the way in which a product is designed to how an organization operates as well as new revenue models and delivery of high levels of customer satisfaction.
The primary objective of this experiential study is to uncover your company’s Growth Zone in the analytical instrumentation market. The Growth Zone represents opportunities that have been validated and optimized based on your internal objectives and capabilities weighed against growth opportunities in the market. An integral part of achieving this goal is engaging with Frost & Sullivan to develop your company’s Growth Opportunities Matrix. The study offers in-depth market analysis and future predictions and also determines the Opportunity Universe; further, a strategic opportunity framework is provided.
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