Article | April 17, 2017

Discover Why Field Service Companies Are Moving To Servitization Business Models

Source: IFS North America
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Servitization Business Models

Field service organizations are looking for new innovative ways to maximize operational efficiency and reduce operational costs. This change has created a fundamental shift in the industry, from expectations through to functionality and approach. As product-based companies move towards a service-based performance model, the shift from commoditization to servitization has become more evident as the way forward.

Companies utilizing servitization are reporting:

  • Enhanced revenue growth
  • Margin increases of 3–10%
  • Increases in sustainable business growth of 5–10%
  • Predictable income streams

Read this white paper to learn what’s driving servitization and the lasting benefits it will bring.