How do you continuously identify ways to drive down costs, increase profit margins and satisfy customers in an increasingly competitive environment?
More and more OEMs are adopting Equipment as a Service (EaaS) solutions. According to IoT Analytics, the EaaS market is expected to have a compound annual growth rate of 35% from 2019 to 2025. EaaS enables new business models that can help OEMs move from one-time revenue to recurring revenue while helping their customers innovate their business.
A surge in IoT-connected machines within just the past few years is opening up opportunities for OEMs to collect machine data and identify actionable strategies that drive manufacturing efficiencies. Multiple machines can be connected to MindSphere, the industrial IoT as a service solution from Siemens, to gain transparency of your machine usage.
Achieving a successful EaaS model requires a multi-disciplinary approach, which is why is it so important to have a comprehensive solution. Siemens Equipment as a Service solution allows OEMs the opportunity to think differently and build an entirely new business model with numerous benefits including:
Equipment as a Service allows an OEM’s end customers to digitally transform, scale and expand their operations with these key benefits:
Increase machine availability with guaranteed uptime. Watch this webinar recording today to learn how your business can generate a predictable stream of revenue and sell additional add-on services for your machines.
MindSphere Portfolio Developer
Senior Vice President Digital Sales