White paper: IDC Sees Opportunity in Product-Service Systems

White paper: IDC Sees Opportunity in Product-Service Systems

Manufacturers find themselves in an increasingly complex environment. The global nature of today’s business is marked by regional demand variability, supply uncertainties, and the incessant mandate to increase revenue while controlling costs.

Product sales alone are not delivering the results that shareholders and leaders want, driving many manufacturers to turn to after-sales services for revenue and profit growth. Services are an underutilized opportunity area for many manufacturers, but that is starting to change.

The rise of connected products offers a prime opportunity for manufacturers to shift their traditional product-centric sales model to a model that delivers “outcomes” through a combination of products and services, also known as product-service systems.

This whitepaper, produced by IDC and sponsored by PTC, reveals how product-service systems will shape the future of manufacturing.

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About PTC

PTC helps companies around the world reinvent the way they design, manufacture, operate, and service things in, and for, a smart, connected world. In 1986, PTC revolutionised digital 3D design, and in 1998 was the first to market with Internet-based product lifecycle management.

Today, PTC’s leading industrial innovation platform and field-proven solutions enable customers to unlock value at the convergence of the physical and digital worlds.

With PTC, manufacturers, and an ecosystem of partners and developers, can capitalise on the promise of the Internet of Things and augmented reality technology today – driving the future of innovation.

Internet of Business says: This content has been provided by PTC, and not by our independent editorial team.