2025 Global Vision for Test and Measurement—The Impact of Evolving Business Models
The study focuses on the impacts of three evolving business models—service-based, fee-based, and eCommerce—that test and measurement (T&M) providers will face from 2016. Mega Trends across industry verticals such as automotive, healthcare, aerospace, consumer electronics, communication, and energy and environment lead to the creation of certain factors (enablers) such as connectivity, servicification, software upgrades, and changes in revenue models. The study offers an in-depth understanding of how the enablers drive business model evolution in the T&M industry. To further highlight the transformation, case studies on certain T&M providers have been included.
Business Models in T&M—Service-Based, Fee-Based, eCommerce—An Overview
Service-based business models are further split into product as a service (PaaS), data as a service (DaaS), and platform as a service. Each of these models are analyzed and weighed according to their profitability by 2025. It is expected that close to 95% of the T&M providers would have adopted one or more of the service-based models by 2025. The study justifies this by analyzing the penetration of mega trends in the end-user industry verticals and the enablers that were created for each of the verticals.
Fee-based business models comprise subscription models: software as a service (SaaS), pay per use, and renting/leasing models. The use of SaaS model is expected to experience an exponential growth in the coming years due to the emphasis on hardware getting commoditized and the requirement of software upgrades to keep up with test needs.
eCommerce models will become well accepted with T&M providers’ single firm independent model and distributors’ public marketplace model experiencing rapid advancements by 2025.
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