LONDON, June 11, 2014 /PRNewswire/ -- The industrial services market is expected to shape new business models of major industrial vendors. The evolution of the manufacturing processes is emphasizing the need to improve plant profitability while reducing downtime.
New areas of growth and key factors driving and restraining the industrial service market will be discussed during Frost & Sullivan's upcoming web conference on Wednesday, 18th June 2014, at 15:00 BST. Frost & Sullivan Industrial Automation and Process Control Research Analyst Niranjan Paul will lead the teleconference during which he will present the results of an extensive analysis on the Industrial Services Market.
"The industrial services space provides high potential for industrial vendors to diversify and expand their value proposition to clients. Industrial vendors need to assess and understand the key growth areas for services to align their solutions with end-user requirements. This briefing will discuss opportunities, growth, and the future potential dynamics driven by current market needs assessments," notes Mr. Paul.
During the upcoming teleconference Frost & Sullivan's experts will address several important questions such as:
- What are the key service opportunities, trends and restraints in the industrial services market?
- Which service categories, end-user industries and regions should supply chain participants focus on to maximize their aftermarket profitability?
- How do customers perceive the need for industrial services in the future?
- How do the selection criteria vary across the various European countries?
The focus on service as a new business model has gained considerable traction in the developed world. The trends of plant outsourcing and value-added services have disrupted traditional business strategies of industrial vendors, resulting in major transformations across the value-chain. In the current context, the business model of services is at a crossroads. With the advent of Industry 4.0, the service proposition is expected to grow in complexity, with an increasing need for discerning end-user requirements.
If you would like to participate in this complimentary web conference, please send an email to Julia Nikishkina, Corporate Communications at Julia.Nikishkina@frost.com, with your full contact details. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
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SOURCE Frost & Sullivan