Dublin, Oct. 11, 2024 (GLOBE NEWSWIRE) -- The "Beyond the Product: How Servitization is Shaping the Future of Consumer Appliances" report has been added to ResearchAndMarkets.com's offering.

Modern businesses are starting to understand that driving competitive advantage requires more than simply producing quality products. Case in point: many original equipment manufacturers (OEMs) are ...

Servitization - a shift to service based business models - will be key to boosting resilience and growth in manufacturing writes Professor Tim Baines, Director of Advanced Services Group at Aston ...

Manufacturers, retailers, and other businesses have, over the course of the last several years, diversified their product offerings by productizing service. We call this servitization. Making a ...

The way field service teams operate and deliver service is changing, and this rapid pace of change is being driven by new customer expectations, advancing technologies, IoT, and what some are calling ...

As automobile manufacturers continue to wrap subscriptions around their products, Information Age analyses servitization and the automotive industry and what it means for IT. Last week Mercedes ...

The concept of servitization is not a new phenomenon. The term was formally defined in the 1980s , but its essence— bundling service packages with products to add value—goes back several decades ...

Major disruption is happening in manufacturing. As pressure mounts from startups and digital giants encroaching on their territory, and as products become commoditized, manufacturers are losing the ...

Industry 4.0 has presented extensive possibilities for product and service companies to innovate upon and disrupt their own business models. Forrester reports that 73% of manufacturers believe they ...