11 Market Trends
SAMPLE COMPANY
Sample Town. This large market provides an opportunity for the Company to obtain contracts and offer Internet of Things solutions on the B2B market.
11 Market Trends
11.1 The Computer Repair Services Industry
According to Source, 12 one of the world’ s leading publishers of business intelligence specializing in industry and procurement research, the Computer Repair Services Industry conducts repairs for individual consumers, small and large businesses, not-for-profit organizations and government institutions such as hospitals and schools. The product life cycle of electronic goods and computers has shortened drastically over the past five years and therefore, consumers require repair services to prolong the longevity of their equipment.
Therefore, the Company will establish itself in the market by offering quick response time to households and businesses at a competitive rate. The Company is also expected to sign contracts with major businesses in order to reduce their costs for maintenance by providing dedicated onsite or remote service.
11.2 The Internet of Things
According to Source, 13 the Internet of Things is an essential driver for customer-facing innovation, data-driven optimization and automation, digital transformation and entirely new applications, business models, and revenue streams across all sectors. The Internet of Things converges industries and specializations, uniting IT and Operational Technology( OT), and contributing to industrial transformation and a wave of use cases which are either cross-industry or typical to a specific sector. As of Month 9999, the main areas of Internet of Things investments( industries and use cases) include manufacturing operations, transportation, smart grid technologies, smart buildings and, increasingly, consumer Internet of Things and smart home automation.
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