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Avoiding the Kodak Moment - Making Sense of IoT, Analytics, and Technology Disruption in the North American Smart Pumps Market

  • ID: 3639436
  • Report
  • March 2016
  • Region: North America, United States
  • 75 Pages
  • Frost & Sullivan
Technology convergence is driving unprecedented change in the manufacturing and process industry. This inspired the term "Kodak Moment," which means a new competitor completely alters the industry’s business model and the incumbent withers away unable to weather the change. The pumps industry is poised to experience the Kodak Moment.

This research looks at the transforming pumps landscape, evolving end-user needs, and the gaps in current solutions. It draws inspiration from several other industries to provide insights into how manufacturers can leverage change and capitalize on emerging opportunities through understanding the nuance of the market. Tips are provided on how to develop a compelling solution and create a successful strategy.

- Digital transformation caused by convergence of industry forces is driving unprecedented change.
- Data is the new currency, and there is demand from end users to generate and mine the data to convert it into actionable insights.
- This is driving the smart pumps market which is poised to experience strong growth in the next few years.
Note: Product cover images may vary from those shown
1. Executive Summary
  • Market Engineering Measurements
2. Strategic Insights
  • Kodak Moment-Move Fast or Die Soon
  • Analytics Quandary-Software and Pumps are not Mutually Exclusive
  • New Business Model-Doing More of the Same is a Sure Way to Fail
  • Insights Not Data-Focus on Prescriptive Analytics
  • Killer Apps-Develop Key Features Worth Purchasing
  • Talk to Our Experts
3. Market Overview
  • Research Scope and Market Definitions
  • Key Questions this Study will Answer
  • Research Structure
4. Drivers and Restraints-Smart Pumps Market
  • Market Drivers
  • Drivers Explained-Convergence of Industry Forces
  • Drivers Explained-Emergence of Digital Transformation
  • Drivers Explained-Explosion in Connected Devices
  • Drivers Explained-Evolution of Service Models
  • Market Restraints
  • Restraints Explained-Fragmented Vendor Landscape
  • Restraints Explained-Economic Conditions
  • Restraints Explained-Risk of Cyber Security
  • Restraints Explained-End-user Acceptance
5. Market Insights-Forecasts and Trends
  • Market Engineering Measurements
  • Smart Pumps Market-Revenue Forecast
  • Smart Pumps Market-3 Case Scenarios
  • Revenue Forecast Discussion
  • Smart Pumps Market-End-user Segments
  • Smart Pumps Market-Opportunity Analysis
  • Vertical Market Revenue Forecast Discussion
6. Technology Insight-Technology Trends, Evolution, and Future Focus for Pumps
  • Changing Process Equipment Landscape: Adapt or Perish
  • Pump Technology Evolution Landscape
  • Challenges with Existing Solutions
  • Blueprint for Smart Pumps
7. Business Insights-Analytics Case Examples and Implications for Pumps
  • Case Study 1-Evolution of Decision Making
  • Implications for Pumps-Changes in End-user’s Approach
  • Implications for Pumps-Energy Efficiency
  • Case Study 2: Smart Farms–Sensorization of Agriculture
  • Implications for Pumps-Systems not Products
  • Implications for Pumps-Push Data to Clients
  • Case Study 3: IoT + Smart Devices = Smart Gas Pumps
  • Implications for Pumps-Revolutionary Innovation
  • Implications for Pumps: Killer Application
8. Competitive Insights-Forecasts and Trends
  • Existing Ecosystem-Key Value Chain Participants
  • Transformation in Industry Ecosystem
  • Case Study: New Business Model Innovation
  • Smart Pumps: Need for Connected Ecosystem
  • Smart Pump Technology Curve: Top 10 Pump Participants
  • New Entrants Vie for a Slice of IIoT
  • Acquisition Radar
9. The Last Word
  • The Last Word-3 Big Predictions
  • Legal Disclaimer
10. Appendix
  • Additional Sources of Information on the Pumps Industry
Note: Product cover images may vary from those shown