Market Shifts & the Need for Backward Compatible Products

Technology markets shift.  The shift can be incremental, radical, or sometimes disruptive.

Take, for instance, gages used in process automation markets. Gages command about $3.5 billion in global instrument sales, the major portion, over $11 billion now held by transmitters.

Source: Markets & markets

The technological shift from a visual indication gage to the first transmitter has been incremental. It has taken over 50 years for transmitters to go from concept to commanding 70% market share. Continue reading “Market Shifts & the Need for Backward Compatible Products”