Press release
The Equipment-as-a-Service Market To Witness Calculated Innovation
The global Equipment-as-a-Service Market is there to grow at a noteworthy In Upcoming Years. These days, pre-empt process breakdowns by making use of AI are the ongoing trend. Regulatory compliance is also being adhered to using data masking. Personalized smart videos are being used to render proper member communication. These, and many such digitally transformative approaches are being followed in the enterprise as of now and the scenario is expected to remain the same even going forward.Equipment as a service (EaaS) is a newer concept in comparison with the commonly used software as a service (SaaS). SaaS helps customers to use cloud-based software on a subscription basis. For instance, the growing usage of OTT platforms such as Netflix can be used without having to own it.
Such developments have bought in the realms of productivity and efficiency in various industries. In current times, some factories that print their own product using 3D printing and machines notify their operators about their failure. Such industry 4.0 solutions have given rise to the latest business model of EaaS in factories.
Initially, EaaS was not widely adopted as the systems could not predict accurate system failures. However, EaaS gained momentum over the recent past due to the introduction of the industrial Internet of things (IIoT) such as artificial intelligence, predictive maintenance, and Internet of things (IoT) solutions. In scenarios where pay-per-use wasn’t reliable, adoption rates of IIoT surged making pay-per-use a vital solution for manufacturers. Thus, pay-per-use for equipment and machines is a successful business model in several industries such as medical equipment.
Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/31959
Along with increased revenue with greater adoption of EaaS, the model helps in maintaining strong relationships with customers. Over the forecast period, the equipment-as-a-service market is expected to soar in several industries and attract market players.
Equipment-as-a-Service model is widely adopted in healthcare sector, due to the high cost of the medical devices or equipment. Some sectors have witnessed a disruption due to the gap in supply and demand which has impacted the growth of the EaaS market and the growth of EaaS market is anticipated to decline by almost 5-6% for industrial manufacturing sector, owing to the pandemic outbreak impact.
However there is an increase in demand from healthcare sector, due to increasing number of patients amidst the spread of the coronavirus. Thus the EaaS market is expected to recover and maintain a steady growth by fulfilling the requirements of healthcare sector. Many countries have started opening up their markets, and thus the EaaS market is anticipated to recover back to its steady growth stage by Q1-Q2 of 2021.
Mounting disruption and digitalization are offering lucrative opportunities for enterprises with revolutionary business models making their way to the market. One of the major factors showing tremendous promises is the integration of IoT technology and equipment with aspects of the SaaS model.
With the emergence of cloud computing, SaaS became popular amongst users as it offered software access for a subscription fee along with upgrades and maintenance by software companies.
Request for Table of Content@ https://www.persistencemarketresearch.com/toc/31959
Equipment-as-a-service offers greater options for both businesses and manufacturers. With the integration of IoT technology with equipment contracts, numerous enterprises are gaining better uptime without incurring heavy costs. Equipment and machinery companies frequently profit from the lower failure rate as the equipment is serviced before the problem becomes bigger.
Configuration complexity has been an ever-increasing problem for years. In the past, many elements of system configuration such as the operating system, hardware, storage & database, and applications were easily and simply tied together in a single system. In addition to this, spur in system complexity is high, as customers demand more customization and precise specifications. Therefore, such a growing demand for complex system configuration is one of the major factors limiting the growth of the equipment-as-a-service market.
Ideally, servicing the installed equipment base rotates around the most difficult task of identifying configurations and servicing them cost-effectively, reactively and proactively.
This is considered to have huge a potential source of high revenue as companies prefer to balance their current equipment than buying new equipment. As the service costs of complex equipment are high, it is difficult to find solutions to decrease these costs. Resultantly, heavy cost is hampering the growth of the equipment-as-a-service market size.
Equipment-as-a-Service Market: Segmentation
Application
Production Monitoring
Condition Monitoring
Predictive Maintenance
Process Optimization
Others
End-user industry
Aerospace & Defense
Automotive
Manufacturing
Heavy Machinery
Medical Devices
Oil & Gas
Others
Access Full Report@ https://www.persistencemarketresearch.com/checkout/31959
Examples of some of the market participants in the global Equipment-as-a-Service market identified across the value chain include Heidelberger Druckmaschinen, Aluvation, Kaeser Compressors, Gothaer, Marlin Capital, Heller, Microsoft, PTC, Relayr, Siemens, Rolls Royce, SAP, TCS, T Systems and others.
North America is anticipated to hold a major position in the equipment as a service market due to the mounting adoption of advanced technology in this region. Additionally, majority of key players have a strong presence in this region, which is fuelling EaaS market growth.
Moreover, South Asia & Pacific is expected to grow significantly over the forecast period. The EaaS market is poised to grow owing to the use of IIoT and IoT technologies in various landscapes in this region.
Contact Us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Equipment-as-a-Service Market To Witness Calculated Innovation here
News-ID: 2437403 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for EaaS
Top Energy as a Service (EAAS) Companies Analysis Till 2030
Energy as a service is a swiftly growing and newly developed model that offers various energy related services and provides energy optimization solutions across small, medium and large businesses.
Download PDF Copy @ https://www.theinsightpartners.com/sample/TIPRE00004340?utm_source=OpenPR&utm_medium=10379
The List of Companies
• ABB
• Schneider Electric
• Siemens
• Veolia
• Enel X S.r.l.
• WGL Holdings, Inc.
• GENERAL ELECTRIC
• ENGIE Solutions
• Johnson Controls
• Honeywell International Inc.
By Service Type
• Energy Supply Service
• Operation and Maintenance
• Optimization and Efficiency Service
By End User
• Industrial
• Commercial
Contact US
Contact Person : Ankit Mathur
Phone : +1-646-491-9876
E-mail : sales@theinsightpartners.com
About US
The Insight Partners…
Energy-As-A-Service (Eaas) Market to Reach USD 150 Billion by 2032
The Energy-as-a-Service (EaaS) Market is rapidly gaining traction as businesses and governments increasingly seek sustainable and cost-effective energy solutions. In 2023, the EaaS market was valued at USD 43.39 billion and is projected to grow to USD 49.8 billion in 2024 and further expand to USD 150.0 billion by 2032. This robust growth corresponds to a compound annual growth rate (CAGR) of 14.78% from 2024 to 2032. EaaS is transforming…
NetLync Further Expands Device Support for Cellular iPad with EaaS
Dublin, Ireland. June 4th, 2024 - NetLync proudly announces the addition of the iPad Entitlement use case to its Entitlements-as-a-Service (EaaS). This new feature complements the existing capabilities, including eSIM Quick Transfer, Apple Watch, 5G, VoLTE, VoWiFi, and more.
With this enhancement, wireless carriers worldwide can now support all eSIM-enabled cellular iPads. Customers can seamlessly connect their iPads to the same network as their primary devices under a single account. The…
Energy as a Service (EaaS) Market Trend Analysis 2023-2030
Energy as a Service (EaaS) Market Overview:
Energy as a Service (EaaS) Market is expected to record significant growth by reaching at a CAGR of 13.5% during the forecast period (2023-2030). It included independent contractors, utility service providers and prospective disruptors of established business models using specialized technical, financial or procurement solutions. Energy as a service, or EaaS, is a subscription-based energy provider where users pay for the service without needing…
Energy-as-a-Service (EaaS) Market Growth Scenario (2023-2030)
The latest report released on Global Energy-as-a-Service (EaaS) Market analyses areas where there is still room for improvement. Irrespective of industry, organization size, or geographic location, the Energy-as-a-Service (EaaS) Market study suggests that advanced technologies are playing a bigger role than ever before. The assessment provides trend, growth factors, and estimates for Global Energy-as-a-Service (EaaS) Market forecasted till 2030. Some of the key players profiled are Schneider Electric, Engie, Veolia,…
Energy as a Service (EaaS) Market Survey On Growth Strategies 2030
Global Energy as a Service (EaaS) Market: Overview
Energy as a service (EaaS) refers to a business concept that enables consumers in the higher education, hospital, and industrial, hospital sectors to conduct energy projects without any upfront costs. The service provider creates the scope of the project, funds the construction and inventory expenses, manages the infrastructure of the project, and tracks the results to validate energy savings. The project expenses are…