Have seen their revenue increase
Almost all respondents who have started offering software based models see an average increase of 11% in their revenue.
IoT drives growth
Nine in 10 believe the Internet of Things (IoT) is driving growth within the manufacturing industry.
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|
Get high level insight into what is powering hardware companies to change their business model