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Key Findings

94% cash icon

Have seen their revenue increase

Almost all respondents who have started offering software based models see an average increase of 11% in their revenue.

88% cloud icon

IoT drives growth

Nine in 10 believe the Internet of Things (IoT) is driving growth within the manufacturing industry.

84% revenue models icon

Software-based revenue models

More than 8 in 10 organizations are currently going through the process of changing their revenue models from hardware to software based.

A wide range of benefits experienced:

86% Reduced SKU through feature licensing
84% Improved customer experience
84% Implementation of remotely upgradeable features

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