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2025 Global Vision for Test and Measurement—The Impact of Evolving Business Models

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.


  • Executive Summary
    • Top 10 Industry Enablers-Test and Measurement
    • Industry Outlook in 2025-New Business Models
    • Top Transformational Shifts in Business Models Expected to Shape the Future of Test and Measurement Industry-2015 to 2025
    • 2025 T&M Industry-Senior Management Top-of-Mind Issues
    • Global Test and Measurement Industry Outlook
    • Global Test and Measurement Industry-2015 Market Snapshot
      • Table Test and Measurement Industry: Revenue by Region and Segment, Global, 2025
    • Key Takeaways
  • Research Scope and Segmentation
    • Research Scope
    • Segment Definitions
    • End-User Industries Covered
    • Key Questions This Study Will Answer
    • Research Methodology
  • Global Test and Measurement Industry Revenue Forecast by Segment
    • General Purpose Electronic Test Segment Forecast
    • Data Acquisition Segment Forecast
    • Communication Test Segment Forecast
    • NDT Segment Forecast
    • Condition Monitoring Segment Forecast
    • Dimensional Metrology Segment Forecast
  • Enablers, Mega Trends, and their Impact on Business Models in T&M industry
    • Mega Trends, Enablers, and Business Model Evolution in T&M
  • Key Enablers-Impacting T&M Providers and their End-user Industry Verticals
    • Key Factors for Transition
    • Connectivity as a Key Enabler-Nexus of Cloud, Data, Mobility, IOT
    • Servicification
    • Software-oriented for Future Scalability
    • Subscription-based Models Explore New Revenue Streams
  • Introduction to New Business Models in T&M industry
    • Innovation in Business Models Across Industries
    • T&M Business Model-Key Categories and Definitions
    • Key Drivers for Business Model Transition in T&M
    • New Business Model Highlights
  • Service-based Models for T&M
    • Service-based Model-PaaS, DaaS, and Platform as a Service
    • Service-based Model-Product as a Service Case Study: GE CASE
    • Service-based Model-Data as a Service Case Study: TempoIQ
    • Service-based Model-Platform as a Service Case Study: NI
    • Service-based Model-Platform as a Service Case Study: Pipecheck
    • Service Based Models-Impact on T&M
  • Fee-based Models for T&M
    • Fee-based Model-Pay Per Use, Renting/Leasing, and Subscription Model (SaaS)
    • Fee-based Model-Pay Per Use and Renting/Leasing: Keysight
    • Fee-based Model-Subscription Model: Fluke- Software as a Service
    • Fee Based Models-Impact on T&M
  • eCommerce Models for T&M
    • eCommerce Model-Single Firm Independent Model and Public Marketplace
    • eCommerce Model-Single Firm Independent Model
    • eCommerce Model-Public Marketplaces: TEquipment
    • eCommerce Models-Impact on T&M
  • Key Mega Trends in End-User Industry Verticals for T&M
    • Key Mega Trends in End-User Industry Verticals for T&M-A Snapshot
  • Overview of Automotive Industry Mega Trends Creating Enablers that Impact Business Model Transformation in T&M
    • Key Automotive Industry Mega Trends
    • Outlook of Global Automotive Industry in 2025
    • Intelligent Mobility-Influencing Transition
    • Opportunities created by Automotive Mega Trends for T&M
    • Key Enablers in Automotive Industry Created by Mega Trends that aid Business Model Transformation in T&M
  • Overview of Healthcare Industry Mega Trends creating Enablers that impact Business Model Transformation in T&M
    • Key Healthcare Industry Mega Trends
    • Importance of Connectivity in Healthcare Industry
    • Outlook of Global Healthcare Industry in 2025
    • Solutions Influencing Transition in Healthcare Industry
    • Opportunities Created by Healthcare Mega Trends for T&M
    • Key Enablers in Healthcare Industry Created by Mega Trends that Aid Business Model Transformation in T&M
  • Overview of Aerospace Industry Mega Trends Creating Enablers that Impact Business Model Transformation in T&M
    • Key Aerospace Industry Mega Trends
    • Outlook of Global Aerospace Industry in 2025
    • Opportunities created by Aerospace Mega Trends for T&M
    • Key Enablers in Aerospace Industry Created by Mega Trends that aid Business Model Transformation in T&M
  • Overview of Consumer Electronics Industry Mega Trends Creating Enablers that Impact Business Model Transformation in T&M
    • Key Consumer Electronics Industry Mega Trends
    • Future of Consumer Devices
    • Outlook of Consumer Electronics Industry in 2025
    • Opportunities Created by Consumer Electronics Mega Trends for T&M
    • Key Enablers in Consumer Electronics Industry Created by Mega Trends that Aid Business Model Transformation in T&M
  • Overview of Communication Industry Mega Trends creating Enablers that impact Business Model Transformation in T&M
    • Key Communication Industry Mega Trends
    • Connected Living in 2025
    • Communication Industry Ecosystem Dissected
    • Opportunities Created by Communication Industry Mega Trends for T&M
    • Key Enablers in Communication Industry Created by Mega Trends that Aid Business Model Transformation in T&M
  • Overview of Energy and Environment Industry Mega Trends Creating Enablers that Impact Business Model Transformation in T&M
    • Mega Trends Transforming Energy and Environment Industry
    • Smart Buildings Opening New Frontiers for T&M
    • Outlook of Energy and Environment Industry in 2025
    • Opportunities Created by E&E Industry Mega Trends for T&M
    • Key Enablers in E&E Industry Created by Mega Trends that Aid Business Model Transformation in T&M
  • Key Conclusions and Future Outlook
    • Key Conclusions and Business Model Transformation for the Industry
  • Appendix
    • Abbreviations and Acronyms Used
    • Top Mega Trends Tracked by Frost & Sullivan
    • Mega Trends Universe
    • From Macro to Micro Trends

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