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Development of a Strategic Marketing Concept for B2B Augmented Reality Software Applications in Life Sciences - With Particular Reference to PTC

  • The purpose of the following bachelor thesis is to provide a strategic marketing concept for PTC’s Augmented Reality software in the life science industry. The first part deals with an introduction into the underlying process of strategic marketing planning. The thesis then investigates the internal and external environment from a PTC perspective to draw conclusions on sources of competitive advantage. The market for Augmented Reality software is analyzed and provides a profound picture regarding industry structure and size. The life science industry is then narrowed down through segmentation and targeting based on potential buyer personas. Product positioning is followed by the definition of marketing objectives and key performance indicators to measure the success of the developed marketing actions according to the technology adoption lifecycle. Research was gathered from secondary sources like industry analyst and technology reports, complemented with thoughts of potential target customers and experts. To conclude, the thesis argues that the life science industry disposes of a high potential for Augmented Reality use cases with a strong ability to address industry trends. Combined with the attractiveness of a fast growing Augmented Reality software market and strong internal competencies, PTC seems to be in a favorable position for successful market entry. However, results also suggest that a high degree of industry adaptation is required for a better addressability of customer requirements and to gain trust among target customers.

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Author:Alexandra Bitzer
Advisor:Frank Kramer
Document Type:Bachelor Thesis
Year of Completion:2017
Granting Institution:Hochschule Furtwangen
Release Date:2017/03/01
Tag:Strategic Marketing
Degree Program:IBM - International Business Management
Functional area:Marketing
Licence (German):License LogoUrheberrechtlich geschützt