Equipment-as-a-Service
Differentiate your solutions
Want to make it easier for customers to use your equipment, while building deeper relationships that deliver higher sustained margins? Equipment-as-a-Service (EaaS), or servitization, helps equipment makers reduce customers' Total Cost of Ownership (TCO) while shifting focus from one-off product sales to higher-margin services and parts.
Evolving to an EaaS business model is only possible when you stay connected to your equipment. But more than technology, it also requires changes to people’s mindsets and processes. First-mover enterprises are already creating strong competitive advantage where the rewards are significant. We like to think of it as the final step on the IoT maturity journey after exploring services including remote monitoring, smart field services and performance optimization.
traptice is a quantum leap for pest control. Our product moves the physical detection of insects into the cloud and delivers a smart solution for pest control companies as well as end customers.
Benjamin Ruoff
Managing Director
Wains GmbH
The numbers tell the story
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$131 billion
the expected size of the EaaS market in 2025
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8x
greater total shareholder return among machinery companies that combine hardware, software, and services, compared to laggards
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67%
of equipment suppliers are evaluating, planning, or offering EaaS