With major shifts causing severe uncertainties, volatility, and complexity in today’s world, this guidebook helps overcome these critical customer issues by comprehensively evaluating the ecosystem of solution providers and highlighting the top 50 digital best practitioners in the industrial and energy space.
How does the market demand vary by application, and will it be consistent for the next five years? Which end-user industries will generate the highest demand for electronic test equipment? What is the impact of the COVID-19 pandemic on this segment? Get exclusive insights from this research.
This in-depth research analyzes the industry from 2019 to 2025, providing information on the dynamics influencing and challenging the ecosystem. Get a comprehensive overview of the key applications, future growth opportunities, strategies for participants to capitalize on, etc.
Growth is becoming increasingly difficult to achieve. Today, and for the foreseeable future, companies will battle with strategic imperatives that are putting increasing pressures on the growth they so desperately need. Frost & Sullivan has identified eight strategic imperatives that your team must fully embrace to understand the complexity of critical decisions: Innovative Business Models, Industry Convergence, Disruptive Technologies, Geopolitical Chaos, Competitive Intensity, Internal Challenges, Transformative Mega Trends, and Compression of Customer Value Chain.
Each imperative individually represents an uphill climb, but when combined, represent a relative Mount Everest that must be navigated to reach a growth summit. Here are four best practices to drive your growth pipeline during the current COVID-19 climate.
Best Practice #1: Know Your Numbers (facts)
COVID-19 has significantly impacted the growth environment in virtually every market. For some, those numbers are a positive net effect (albeit unwelcomed growth), provisioned by the accelerated uptake in technologies such as video collaboration. That market, for example, was growing at a CAGR of 17.2% prior to COVID-19. It has now accelerated to 24.6%. But not all markets have reacted this way. The average market price in the energy industry changed dramatically through the first 150 days of the pandemic, dropping -38.5%. Thus, with this shift, you have to refocus, revisit your original plans, and reinvest into optimal areas of growth. There is no doubt we are seeing fundamental profit pools shifting across respective value chains, and your organization will survive and thrive based on knowing your “new†numbers.
Schedule a consultation with an industry expert at no charge by contacting us at myfrost@frost.com. We are taking unprecedented action to make our team available to help you cut through the media and politics to get factual one-to-one guidance for the issues and opportunities that matter most to your business.
Innovative Business Models Driving Growth in the Global Industrial Bearings and Couplings Sector
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Emerging Growth Opportunities for Metal Injection Molding Technology in Manufacturing
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Potential Growth Prospects for Sensor Technologies in Automated Guided Vehicles
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Technology Advancements and Disruptive Innovations Drive Growth Hubs for Imaging Radars
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with growing awareness and participation. Frost
& Sullivan sees increasing opportunity in this
space with the convergence of several key
trends such as the rise of the digitally savvy
Gen Z population, the growing elderly
population, technological advancement and
pervasiveness of AI and IoT, and evolving
regulatory trends focused on contract work.
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Massive online marketing campaigns and
promotions by e-tailers suggest that retail has
entered a new era where e-Commerce and
technology bellwethers like Amazon, Alibaba,
Apple, Google and Microsoft have created a new
ground for consumer expectations. The online
retail market is on a growth trajectory due to
the expansion of the internet with an increase
in mobile connectivity.
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Frost & Sullivan’s recent analysis, Digital Industrial and Energy Guidebook, highlights critical market issues—complex market messaging, several me-too solutions, value-creation uncertainties, and quick-hit benefits realization—that restrain organizations from wide-scale digital solution adoption. The study helps them address these issues by comprehensively evaluating solution providers’ ecosystems.
The global economy went through an extremely turbulent phase in 2020 due to worldwide lockdowns, a crash in oil prices, trade and business restrictions and so on. However, economic recovery is expected to pick up in 2021, with easing restrictions, mass vaccine targets, demand-side revival and continued stimulus support. Full gross domestic product (GDP) recovery is expected by Q4 2021 under a baseline scenario.
Many cities around the world are planning for, purchasing, and bringing online their SmartSafe City programs and technology systems to integrate their public safety, health, city services, and citizen engagement capabilities to better serve and safeguard citizens. Frost & Sullivan’s recent analysis finds that the SmartSafe City solutions sector is expected to reach a market value of $12.2 billion by 2030, from $10.6 billion in 2019, driven by an increase in demand for digital threat remediation measures.
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