Global Pumps Digital Services Market Report 2021 – Future Growth Potential and Revenue Stream for OEMs with Results Driven and Efficiency Driven Business Models – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – “Global Digital Services in Pumps Growth Opportunities” report has been added to ResearchAndMarkets.com offer.

In this study, three digital solutions, maintenance as a service, infrastructure as a service and efficiency as a service are identified and analyzed. The future of pump OEMs and other value chain players is expected to be influenced by IIoT 2.0. IIoT 2.0, an untapped area that has yet to be explored, and which offers a plethora of growth opportunities for OEMs to distinguish themselves and consolidate their position in the market.

Digital transformation is at the heart of organizational strategy across all verticals to survive economic headwinds, adapt to dynamic market conditions and remain relevant in an increasingly competitive global environment. A global pandemic, volatile oil prices, political tensions and climate action have further accelerated the need to invest and integrate in Industrial Internet of Things (IIoT) technologies.

The pressing need of end users to reduce total expenses (TOTEX) and operational expenses (OPEX) to navigate these uncertain economic conditions and at the same time increase the productivity of existing factories to meet global demand has strengthened the demand for services digital. Real-time visibility into equipment operations and actionable insights derived from AI-powered analytics platforms are imperative for end users to ensure uninterrupted continuous production and a transition to predictive maintenance.

In this digital services playbook, new avenues for growth with IIoT technologies are identified and analyzed. IIoT 1.0, which includes connected components, connected machines, connected factories and connected enterprises, is gaining traction with increasing interest from end users in process, discrete and hybrid industries. An assessment of adoption rate, level of impact and propensity to growth is covered in this research.

Another disruption identified is the transition from IIoT 1.0 to the digital IIoT 2.0 solution. IIoT 2.0 refers to the change of a business model that provides IIoT-based products and services with a unique pay-for-performance concept, where customers pay based on outcome.

While the switch to IIoT 2.0 is bound to happen in the long term, this study provides insight into the key growth drivers offered by capitalizing on this new line of digital solutions. This research also addressed the barriers that prevent the implementation of IIoT 2.0 in the short, medium and long term. An overview of end-user perceptions of digital IIoT-based solutions is offered to assess end-user preferences, expectations and current IIoT solutions adopted in factories.

In addition, a list of digital practitioners is identified and matched with the different IIoT 1.0 digital solutions covered by this search field. This gives an overview of the different major solution providers, an overview of the competition and the market gaps that need to be filled.

In addition, an overview of new digital IIoT 2.0 solutions is provided to understand their unique value proposition, key features and benefits achieved. The study also identifies and assesses 7 lucrative growth opportunities based on digital IIoT 2.0 solutions that OEMs and other vendors can monetize to unlock new revenue streams.

Main topics covered:

1. Strategic imperatives

  • Why is it harder and harder to grow taller?

  • The strategic imperative

  • The impact of the three main strategic imperatives on digital services in the pump industry

  • Growth opportunities fuel the growth pipeline engine

2. Analysis of growth opportunities, digital services in the pump market

  • Digital services in the pump market, scope of analysis

  • Market segmentation

  • Market definition

  • Market segmentation by region

  • Market segmentation by end user

  • Key competitors of digital services in the pump market

  • Key growth indicators for digital services in the pump market

  • Value chain, digital services in the pump market

  • Distribution channels, digital services in the pump market

  • Growth engines, digital services in the pump market

  • Growth constraints, digital services in the pump market

  • Forecast assumptions, digital services in the pump market

  • Implications of COVID-19 in the pump market

  • Revenue forecasting, digital services in the pump market

  • Revenue Forecast Analysis, Digital Services in Pump Market

  • Revenue Forecast by Region, Digital Services in Pump Market

  • Revenue Forecast Analysis by Region, Digital Services in Pump Market

  • Revenue Forecast by Industry Vertical, Digital Services in Pump Market

  • Revenue Forecast Analysis by Industry Vertical, Digital Services in Pump Market

  • Revenue Forecast by Application, Digital Services in Pumps Market

  • Revenue Forecast Analysis by Application, Digital Services in Pumps Market

  • Competitive environment, digital services in the pump market

  • Revenue share, digital services in the pump market

  • Revenue Share Analysis, Digital Services In Pump Market

  • Value chain participants, digital services in the pump market

3. Analysis of growth opportunities, digital services in the pump market, Americas

4. Analysis of growth opportunities, digital services in the pump market, EMEA

5. Analysis of growth opportunities, digital services in the pump market, APAC

6. Market Summary, Digital Services In Pump Market

  • Top 12 Market Trends Influencing The Pump Market

  • Impact of IIoT technologies on digital services in the pump market

  • Mega trends influencing digital services in the pump market

  • Transformational Themes Influencing Digital Services in the Pump Market

  • Evolution of the pump industry

  • Supply chain integration, digital services in the pump market

  • Value chain disruption, digital services in the pump market

  • Emerging business models, digital services in the pump market

  • Payment business model, digital services in the pump market

  • Mapping the payment model to the business model

  • IIoT 2.0 impact assessment

  • IIoT 2.0 Complexity and Value Assessment

  • Adoption of IIoT 2.0 by the end-user industry

  • List of the best digital service providers

7. Presentation of IIoT 1.0 and IIoT 2.0 solutions, Digital services for pumps

  • IIoT 1.0, Connected components

  • IIoT 1.0, Connected machines

  • IIoT 1.0, Connected Factory

  • IIoT 1.0, connected company

  • IIoT 2.0, Maintenance as a service

  • 1. Maintenance of digital assets

  • I. Connected pumps with dual digital control

  • II. Digital field services based on portable devices

  • 2. Parts warranty as a service

  • IIoT 2.0, infrastructure as a service

  • 1. Flow management as a service

  • 2. Pumps as a service

  • IIoT 2.0, Efficiency as a service

  • Digital benchmarking of energy efficiency

8. Perception of the end user IIoT 1.0 and IIoT 2.0, digital services market for pumps

  • Adoption of IIoT solutions

  • End-user adoption of IIoT solutions

  • Pitfalls in digital service adoption

  • End user needs analysis

9. Universe of growth opportunities, digital services in the pump market

  • Growth Opportunity 1 – Digital Twin Technology to Improve Pump Life and Productivity, 2022-2028

  • Growth Opportunity 2 – Pumps-as-a-Service to Unlock New Revenue Streams and Strengthen Customer Engagement, 2022-2028

  • Growth Opportunity 3 – Flow Management as a Service to Meet Critical Customer Needs and Expand Customer Base, 2022-2028

  • Growth Opportunity 4 – Digital Asset Maintenance to Improve Asset Reliability, 2022-2028

  • Growth Opportunity 5 – Smart Wearables to Improve Field Services, Promote Worker Safety and Reduce Operating Costs, 2022-2028

  • Growth Opportunity 6 – Certainty of Parts as a Service for Improved Asset Maintenance and Life, 2022-2028

  • Growth Opportunity 7 – Digital Energy Efficiency Benchmarking to Support the Climate Action Plan, 2022-2028

For more information on this report, visit https://www.researchandmarkets.com/r/85kbxp


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