The ongoing digital transformations have revolutionized the business landscape, giving rise to the as-a-Service model, a pivotal element in modern business strategies. Among the many industries benefiting from this paradigm shift, manufacturing companies are experiencing a game-changing transformation through the Equipment-as-a-Service (EaaS) model, offering vast opportunities for exploration and growth.
The EaaS market, currently valued at around USD $1B, is projected to grow at an impressive compounded annual growth rate of 40~50%.
EaaS empowers organizations to:
- Convert one-time sales into recurring revenue streams
- Offers upselling opportunities
- Fosters continuous customer relationships
- Offers personalized products and services based on customer needs
Infovity brings the following components together in an Equipment-as-a-Service solution. This allows companies to efficiently manage the entire lifecycle of their assets, including lease and rental contracts, in a unified, holistic, and integrated manner.