HOUSTON, TX / ACCESSWIRE / April 17, 2019 / As information technology evolves, it's helping to create simpler, more efficient solutions for businesses around the world. In fact, the increasingly complex nature of new devices and systems that businesses rely on is fueling growth in the IT managed service sector, especially for small to medium enterprises (SMEs).
According to Research and Markets, the global managed service market could see a CAGR of 11.23% over the next three years thanks to new technological advancements. Analysts at Markets and Markets, say the North American IT services market could be worth $261.5 billion over the next three years, as well.
Along the way, it's creating sizable opportunity for companies such as Nerds on Site Inc. (CSE: NERD)(OTCQB: NOSUF),Canadian Tire Corporation Ltd. (TO: CTC-A)(OTC: CDNAF), and Goodyear Tire & Rubber Co. (NASDAQ: GT).
Mobile IT solutions company, Nerds on Site Inc. (NERD)(NOSUF) for example just announced unprecedented growth with long-term strategic client Canadian Tire with 22% year over year revenue growth. Recurring revenue was up 22% year over year. In addition, the client averaged three to four gateway installs per month, a 50% increase year over year.
"As reported last month, our Canadian Tire team has been actively ramping up efforts to grow NerdCare managed service coverage to build upon the 226 Canadian Tire stores being served, with the goal of serving 290 of 493 stores by the end of 2019," said Mr. Charles Regan, Nerds on Site CEO. "These growth indicators are historical highs with Canadian Tire stores. In a period of less than two months we have not seen this rate of migration or growth and it is a credit to our team's focus and effort."
For More Information on Nerds on Site Inc., Click Here.
Canadian Tire Corporation (CTC-A)(CDNAF) recently reported that "2018 was an exceptional year for Canadian Tire. We maintained our leading brand position in Canadian retail, while investing for our future," said Stephen Wetmore , President and CEO, Canadian Tire Corporation. "We succeeded in advancing our One Company strategy by creating Canada's fastest growing credit card and loyalty offering with Triangle Rewards.
"At CTR, our largest retail banner, eCommerce offerings, including click and collect and home delivery, are receiving exceptional customer satisfaction scores and the strength of our operations allowed us to increase our dividend for the ninth consecutive year."
For full-year 2018, consolidated retail sales were up by $514 million, or 3.4% year over year. Revenue increased by $782 million, or 5.9% year over year. Diluted EPS was $10.64, a decrease of three cents a share. Normalized diluted EPS of $11.95 was up by 12%.
For More Information on Canadian Tire Corporation., Click Here.
Goodyear Tire & Rubber Co. (GT) just announced a pilot program with Envoy Technologies to test services aimed at minimizing operational downtime for vehicle fleets.
Goodyear's predictive tire servicing solution for connected fleets is being used to forecast and automatically schedule needed tire maintenance and replacement. Envoy's fleet managers can see its fleet's status, schedule maintenance needs and update appointments with Goodyear's on-demand scheduling program, helping to keep its vehicles operational and avoid the typically unforeseen issues that might suddenly force a shared vehicle to be pulled from service.
To do this, Goodyear gathers secure, anonymized data from Envoy's connected vehicles and uses it to predict and schedule service needs. Goodyear then utilizes its network of outlets and mobile vans to provide service to the vehicles. The mobile vans can install tires on-site at their charging stations, maintaining vehicle safety with minimal time required by Envoy staff.
For More Information on Goodyear Tire & Rubber Co., Click Here.
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