Service-based Analytical Instruments that Improve Business Outcomes to Replace Legacy Solutions

Service-based Analytical Instruments that Improve Business Outcomes to Replace Legacy Solutions

PR Newswire

SANTA CLARA, California, Dec. 6, 2018

Strong growth opportunities exist for comprehensive, unified platforms that enable cross-organizational views, finds Frost & Sullivan

SANTA CLARA, California, Dec. 6, 2018 /PRNewswire/ -- The rapid proliferation of service-based models, including Software-as-a-Service (SaaS) and asset management, is attracting new market participants to the analytical instrumentation space. In just a few years, analytical SaaS instrumentation and cloud-based alternatives to legacy solutions will dominate the industrial sector due to the shift in customer focus from instrumentation features to the ways in which the technology can help enhance business outcomes.

"As the data collected from instruments can potentially deliver more value than the hardware, there is high demand for analytical instruments that mine data and convert it into actionable insights," said Mariano Kimbara, Senior Industry Analyst, Industrial Group at Frost & Sullivan. "Consequently, service providers are delivering software solutions that help digitize lab operations by intelligently connecting people, processes, data, and instruments. These solutions will allow users to target services more strategically, better utilize assets, reduce downtime, and plan program schedules."

Frost & Sullivan's recent analysis, Advanced Services in the Analytical Instrumentation Market, Forecast to 2022, identifies new areas of advanced services, including asset management services, radio frequency identification (RFID) inventory control services, laboratory intelligence services, consulting services, and compliance services. It also offers a deep dive into new data-driven business models.

For further information on this analysis, please visit: http://frost.ly/2ze

"In the current connected era of continual business transformation, there is an intense need to consolidate all work order management activity into a unified, automated data platform to optimize costs," noted Kimbara. "System vendors are, therefore, offering new, unified platforms that remove organizational silos and ensure connections among cross-functional divisions, linking sales, procurement, finance, logistics, suppliers, and scientists."

In addition to developing integrated service capabilities, market vendors could explore the growth opportunities present in:

Advanced Services in the Analytical Instrumentation Market, Forecast to 2022 is part of Frost & Sullivan's global Test & Measurement Growth Partnership Service program.

About Frost & Sullivan

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Advanced Services in the Analytical Instrumentation Market, Forecast to 2022
K26B-30

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