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 .
12
Source
13
Source
14