Industrial Services Market: A New Business Frontier for Profitability

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 Tuesday, 1 July 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.