Operational Workflow Optimization: serves enterprise customers by improving the way people work. It requires a more robust solution that can handle increased security, access rights, audit trails, etc. Managed Enterprise Connectivity: covers enterprise-grade solutions that connect all sorts of machines such as elevators, medical equipment, wind turbines, etc. It represents the legacy business of TeamViewer and is at the low end of the tech spectrum. Instant Connectivity: captures the remote IT support use cases (Laptops, servers, etc.) that have in-built connectivity.
How is TeamViewer serving its customers? TeamViewer delivers three types of solutions: Source: TeamViewer Capital Markets Day Presentation Augmented Reality (AR): adoption of solutions to enhance workforce productivity is growing fast.
Automation: from shop floor to office, business processes digitalization is unavoidable. ESG: spotlight on carbon emissions favors remote connectivity options. Internet of Things (IoT): increasing volume of devices connected to the internet. Remote working: COVID brought this trend forward significantly. The slide below, presented by management at the recent Capital Markets Day (CMD) illustrates the megatrends that create the €19B Total Addressable Market (TAM): It serves both individuals and businesses globally. TeamViewer is a technology company recognized as a leader in the remote connectivity space. To support the thesis, the findings are accompanied by a valuation. This article presents the megatrends supporting TeamViewer's business, the building blocks of the transformation, and potential risks to the thesis. The market holds a negative view of the stock after a few disappointing quarters but investors should focus on the opportunity to buy the stock while it transforms to serve enterprise customers. TeamViewer ( OTCPK:TMVWF) ( OTCPK:TMVWY) is a fairly priced technology leader. NanoStockk/iStock via Getty Images Investment Thesis
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