Syncron AB Strengths, Domain Expertise, and Key Differentiators
Syncron accelerates manufacturers and distributers to capitalize on the world's new service economy. It improves aftermarket business profitability, optimizes working capital, increases customer loyalty, and enables its customer’s ability to transition successfully to future service-driven business models. With industry-leading investments in AI and ML, Syncron offers the first, innovative, customer-endorsed, and complete end-to-end intelligent Service Lifecycle Management solution portfolio. Syncron’s offerings encompass leadership solutions such as: service parts inventory, price, equipment uptime, warranty, service contract, and field service management. Delivered on Syncron’s Connected Service Experience (CSX) platform, its solutions offer competitive differentiation through exceptional aftermarket service experiences, while simultaneously driving significant revenue and profit improvements into a manufacturer's or distributer’s business.
Syncron AB Recent Developments
In September 2020, Syncron has released significant enhancements to the Syncron Service Cloud including Syncron Inventory 20.1 and Price 20.2, the company’s newest releases. These solutions help Original Equipment Manufacturers (OEMs) improve financial performance and liquidity, minimize service parts supply chain disruption and retain existing customers.
Syncron AB Mergers and Acquisitions (M&A) Activities
In 2021, the Tampa-based Mize merged with the Sweden-based Syncron. The combined company will operate under the Syncron brand name and some Mize product brands, however, will continue to be used. The combined company is the world’s largest privately-owned global leader offering complete Service Lifecycle Management solutions for manufacturers, distributors, and services ecosystem.
Syncron AB Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Syncron AB applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Syncron AB and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SYNCRON PRICE, Syncron Inventory, Syncron Order, Syncron Uptime, Syncron MasterData, customers.
Syncron AB Overview
Ownership: - x
Number of Employees: 700
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Syncron AB Key Enterprise and Cloud Applications
SYNCRON PRICE, Syncron Inventory, Syncron Order, Syncron Uptime, Syncron MasterData,
Syncron AB Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Syncron AB Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Syncron AB Enterprise Applications Revenues By Functional Markets, $M:
Syncron AB Enterprise Applications Revenues By Verticals, $M:
Syncron AB Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Syncron AB Direct vs Indirect sales
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Syncron AB Customers - Breakdown by Geo, Size, Vertical and Product
No. of Syncron AB Customers: 20000
No. of Syncron AB Enterprise Applications Customers: 20000
No. of Syncron AB Cloud Customers: x
No. of Syncron AB Cloud Subscribers: x
Syncron has 12 offices, and some of their customers are: CLAAS, JCB, Mitsubishi Motors, DMG Mori, Roland DG,AGCO, and many more.
Syncron AB Market Opportunities, M&A and Geo Expansions
In March 2021, Syncron, a privately-owned global provider of cloud-based after-market service solutions, announced today that it has partnered with The Percall Group to sell its solutions in France and Poland. The partnership will enable manufacturers in both markets to effectively accelerate their businesses, make data-driven decisions, and achieve digital transformation in their after-market service programs. This partnership with Percall marks continued growth for Syncron, specifically in the French and Polish markets.
In 2019, Syncron launch Syncron UptimeTM, a new solution offering that uses Machine Learning and Artificial Intelligence to efficiently analyze real-time sensor data, predict failures, prescribe optimized maintenance actions and ultimately maximize product uptime.
In 2018, Syncron has confirmed a $67mn minority investment from global growth equity company, Summit Partners, in order to aid the development of its Software as a service (SaaS) solutions and further accelerate its worldwide operations.
Syncron AB Risks and Challenges
Syncron's solutions are now offered as a cloud-based, still a large portion it's customer base remain on-prem.
Syncron AB Ecosystem, Partners, Resellers and SI
In June 2020, Dr Friedrich Neumeyer joined Syncron as Chief Executive Officer, effective 1 Aug. 2020. He will succeed Anders Grudén, who is stepping down as CEO but will continue to serve in an advisory role. Dr Neumeyer leadership experience in enterprise software for industrial manufacturers, his laser-sharp focus on customer satisfaction and his proven track record of outperforming the competition make Fritz ideally suited to lead Syncron in its next chapter.
Syncron's global headquarters are located in Stockholm, Sweden, with major subsidiary office around the world located in the United States, Britain, Japan, India, and Poland. The company also has a network of partner companies in other markets such as China, France and Italy.
Syncron AB Cloud Infrastructure Insights
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- Syncron AB Public Cloud and Infrastructure (IaaS)
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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