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INNOVIDEA
Saint Paul's Bay, Malta
B
1-10 Employees
2014
Key takeaway
INNOVIDEA collaborates with businesses to create innovative products, emphasizing user-centric design and continuous feedback throughout the development process. Their web-based project management and engineering solutions ensure transparency and the ability to adapt and improve products after launch.
Highlighted product
Product
Product Development – Innovidea
Piistech Limited
Dhaka, Bangladesh
E
11-50 Employees
2017
Key takeaway
The company emphasizes its commitment to product development by offering full-cycle app development services for both iOS and Android, ensuring high quality and customer-centric solutions. With a dynamic team and a decade of experience, they focus on delivering efficient and creative digital software experiences.
Highlighted product
Service
Productworks
Roslin, United Kingdom
A
1-10 Employees
2017
Key takeaway
Productworks offers comprehensive consultancy and management throughout the entire product development process, from understanding user needs and market opportunities to iterative prototyping and testing. They provide support in product design and development, assisting at every stage up to production.
Highlighted product
Service
Services | Productworks
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THINK GLOBAL SPORTS LIMITED
London, United Kingdom
A
1-10 Employees
2009
Key takeaway
The company specializes in product design, development, and supply management solutions specifically for branded merchandise, offering end-to-end product development and project management.
Highlighted product
Core business
Product Design & Development for Branded Merchandise
Product Design, Product Development & Supply Management solutions for Branded & Corporate Merchandise
SHINING WAY SOURCING LTD
United Kingdom
A
1-10 Employees
-
Key takeaway
The company specializes in product development, offering comprehensive sourcing services that guide clients from idea mapping to logistics management. Their experienced team ensures a smooth product development process, providing support in identifying target users and conducting quality control to meet specifications.
Highlighted product
Service
Product Development - Shiningway Global Sourcing
It can be hard to know where to start when it comes to product development, and even harder to find a partner you can trust. You need a partner that understands your vision, and will work with you to ensure your product is everything you dreamed it could be. With the growing number of products […]
Product Development Research Lab | BTH
Karlskrona, Sweden
A
251-500 Employees
1993
Key takeaway
The Product Development Research Laboratory (PDRL) at the Blekinge Institute of Technology focuses on mechanical engineering product development, emphasizing the creation of sustainable products and services. Their research targets the early stages of product development using model-based engineering and simulation, addressing the global challenge of delivering innovative solutions to the market.
Highlighted product
Core business
provider value - Product Development Research Lab
Datapatterns India
Chennai, India
D
501-1000 Employees
1985
Key takeaway
Data Patterns is a specialized provider of Defence and Aerospace electronics, with a strong emphasis on developing high-reliability products. With over two decades of experience, the company is known for its capability to deliver complex programs efficiently, highlighting its expertise in product development.
Highlighted product
Service
Product Development Services - Services | DATA PATTERNS
SICAM Corporation
Hillsborough Township, United States
B
11-50 Employees
1990
Key takeaway
The company leverages its expertise in injection molding and additive manufacturing to enhance product development, addressing design challenges and cost reduction. They offer a range of technologies, including 3D printing and tooling options, to ensure the best outcomes based on project specifications.
Highlighted product
Service
Product Development
EverValue Industrial
Shenzhen, China
D
251-500 Employees
2008
Key takeaway
EverValue is a contract manufacturer that excels in product development, offering comprehensive services from design to manufacturing of plastics, silicone, and metal molds. With a focus on turning customer ideas into reality, EverValue provides a one-stop-shop experience that streamlines the process and reduces costs while maintaining high quality.
Highlighted product
Service
Product Design & Development
TEAM D TECHNOLOGIES
Bengaluru, India
D
51-100 Employees
2006
Key takeaway
TEAM D specializes in product design and development, leveraging over 18 years of expertise in precision manufacturing to create customer-specific products for various applications, including special purpose machines and healthcare solutions. Their focus on innovation and collaboration with global partners positions them as a preferred choice for OEMs seeking efficient and cost-effective manufacturing and engineering services.
Highlighted product
Service
Product Design & Development
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Doc OCR
Finance and Accounting, Retail and E-Commerce, Healthcare, Manufacturing, Hospitality, Technology and IT Services
Is digitizing paper records and manual data entry from scanned documents making your processes inefficient, expensive and error prone? DocOCR is an online OCR converter capable of extracting data from images, PDFs, scanned printed documents, handwritten documents and converting them into editable text formats..
Use case
Foam Replacement with Additive Manufacturing
Automotive, Consumer Goods, Sportwear, Fashion, Sporting Goods, Orthotics, Medical
Mass Customization with HyDesign: HyDesign allows manufacturers to replace conventional, inflexible production methods with highly adaptable and scalable additive manufacturing techniques. This enables the production of custom-fit products ranging from automotive parts to personalized medical devices. By integrating customer-specific data, such as body scans or usage patterns, directly into the design process, HyDesign ensures each product is uniquely tailored to meet individual specifications. Foam Replacement in Manufacturing: Foam components are ubiquitous in products requiring cushioning, insulation, or lightweight structures. However, traditional foam can be limited in terms of structural optimization and environmental impact. HyDesign addresses these issues by enabling the design of lattice structures that can mimic or even surpass the properties of foam. These structures are not only lighter and stronger but also more sustainable, as they can be manufactured from recyclable materials without the waste associated with traditional foam cutting. Customization with 2D Bitmaps: A standout feature of HyDesign is its ability to modulate the thickness of lattice beams using 2D bitmap images. This technology is ideal for industries where customization is key, such as: Healthcare: Creating patient-specific implants and prosthetics. Sports Equipment: Developing customized protective gear and performance-enhancing apparatus. Furniture and Ergonomics: Producing custom seating solutions and ergonomic tools.
Use case
Doc OCR
Finance and Accounting, Retail and E-Commerce, Healthcare, Manufacturing, Hospitality, Technology and IT Services
Is digitizing paper records and manual data entry from scanned documents making your processes inefficient, expensive and error prone? DocOCR is an online OCR converter capable of extracting data from images, PDFs, scanned printed documents, handwritten documents and converting them into editable text formats..
Product development refers to the comprehensive process of bringing a new product to market or improving an existing one. This involves several stages, including idea generation, market research, concept development, design, prototyping, and testing. During this process, collaboration among cross-functional teams—such as design, engineering, and marketing—is crucial to ensure that the product meets customer needs and adheres to market trends. Effective product development also emphasizes the importance of feedback loops, which enable continuous improvements based on user experiences and market dynamics. By leveraging innovative technologies and methodologies, businesses can enhance their product offerings, reduce time-to-market, and ultimately drive growth.
Effective product development plays a crucial role in determining business success. It directly influences the quality and market relevance of products, ensuring they meet customer needs and expectations. By integrating innovative design and engineering processes, companies can create distinctive offerings that stand out in competitive markets. Moreover, streamlined product development can lead to faster time-to-market, allowing businesses to capitalize on emerging trends and consumer demands. This agility not only enhances customer satisfaction but also fosters brand loyalty, ultimately contributing to increased sales and profitability. In essence, a robust approach to product development is vital for sustaining growth and achieving long-term objectives in today’s dynamic business environment.
1. Idea Generation
This initial stage involves brainstorming and gathering innovative ideas for new products or improvements to existing ones. It can come from various sources, including customer feedback, market research, and competitive analysis.
2. Concept Development
Once ideas are generated, they are refined into concepts. This includes defining the product's features, target market, and value proposition. Prototyping may also occur to visualize the concept effectively.
3. Design and Development
This stage focuses on the technical aspects of the product. Detailed designs are created, and the product is developed, including engineering specifications and production plans. Testing for functionality and quality is also crucial at this phase.
4. Testing
Products undergo rigorous testing to ensure they meet quality standards and user expectations. This may involve beta testing with select users to gather feedback and make necessary adjustments.
5. Launch
Finally, the product is launched into the market. This stage includes marketing strategies and distribution plans to ensure the product reaches its intended audience effectively. Post-launch evaluations help assess performance and user satisfaction.
1. Market Research Skills
Understanding market needs and trends is crucial for effective product development. This skill enables providers to tailor their offerings to meet consumer demands and stay ahead of competitors.
2. Technical Knowledge
A strong grasp of technology related to the product is essential. This includes knowledge of engineering principles, software development, or manufacturing processes, which ensures that the product is feasible and meets quality standards.
3. Project Management
The ability to manage timelines, resources, and team dynamics is vital. Effective project management ensures that product development stays on track and within budget, facilitating smoother execution from concept to market.
4. Communication Skills
Clear communication among team members and stakeholders is necessary for successful collaboration. This skill fosters a shared understanding of goals and expectations, reducing the likelihood of misunderstandings.
5. Problem-Solving
Being able to identify and address issues that arise during development is key. Strong problem-solving skills help teams navigate obstacles and find innovative solutions, ensuring the product's success.
Companies often measure the success of product development through several key performance indicators (KPIs) that reflect both quantitative and qualitative outcomes. One significant metric is the time to market, which evaluates how quickly a product moves from the concept phase to launch. A shorter time frame typically indicates a more efficient development process. Another crucial aspect is customer feedback and satisfaction. Gathering insights from users post-launch helps companies understand how well the product meets market needs. Additionally, evaluating sales performance against projections is vital. This analysis reveals whether the product resonates with consumers and generates expected revenue. Ultimately, a combination of these metrics provides a comprehensive view of product development success.
Some interesting numbers and facts about your company results for Product Development
| Country with most fitting companies | United States |
| Amount of fitting manufacturers | 4044 |
| Amount of suitable service providers | 5445 |
| Average amount of employees | 11-50 |
| Oldest suiting company | 1985 |
| Youngest suiting company | 2017 |
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Some interesting questions that has been asked about the results you have just received for Product Development
What are related technologies to Product Development?
Based on our calculations related technologies to Product Development are Education, Engineering Services, IT & Technology Services, Healthcare Services, Consulting
Which industries are mostly working on Product Development?
The most represented industries which are working in Product Development are IT, Software and Services, Marketing Services, Other, Manufacturing, Consulting
How does ensun find these Product Development Companies?
ensun uses an advanced search and ranking system capable of sifting through millions of companies and hundreds of millions of products and services to identify suitable matches. This is achieved by leveraging cutting-edge technologies, including Artificial Intelligence.
