Application modernization investments will be increasingly supported by more software-as-a service-based solution offerings.

Source: https://www.itworldcanada.com/article/hashtag-trending-may-26-microsoft-predicts-that-deep-fakes-are-the-greatest-threat-from-ai-gartner-survey-shows-government-cios-not-satisfied-with-dx-rate-meta-doubles-down-on-layoffs/539657

A service-based business model also has the potential for excellent margin growth since the same (or similar) product can be sold to multiple customers.

Source: https://seekingalpha.com/article/4582707-spire-global-growth-expense-profitability?source=feed_all_articles

Being service-based, the majority of cost is absorbed at the top in COGS, in labour to the individual service providers.

Source: https://seekingalpha.com/article/4655537-dycom-industries-well-priced-positioned-compound-wealth-long-term?source=feed_all_articles

In 2022, Arlo switched to a service-based business model as opposed to a hardware one.

Source: https://investorplace.com/2023/10/3-sleeper-stocks-set-to-wake-up-and-go-wild/

Like the endless nature of digital transformation, introducing service-based business models as part of a continuous evolution requires a that allows operations to flex and scale quickly business-wide.

Source: https://www.forbes.com/sites/sap/2023/12/13/flex-and-scale-how-manufacturers-fuel-growth-priorities/

Over time, recurring service-based revenue will likely boost EBITDA margin and cash flows.

Source: https://investorplace.com/2023/03/wdh-naas-ddl-3-penny-stocks-with-high-growth-potential-in-emerging-markets/

This is a key insight because it highlights one investment benefit of service-based healthcare, in that providers have acute control over price increases and increasing volumes to raise turnover, unlike those booking product revenue.

Source: https://seekingalpha.com/article/4607565-select-medical-revising-hold-business-economics-roll-lower?source=feed_all_articles