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I am reasonably sure that Honeywell is not just a pure software solutions provider but has products and services. However would be glad to have better understanding.
Posting some extracts from Honeywell’s Annual Report MD section which may provide some insights…
Process Solution business has a wide portfolio of industrial automation products and solutions that help customers operate safe, reliable, efficient, sustainable, and more profitable operations. We have the expertise and breadth of resources to execute projects of every size and complexity in the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, pharma/ life sciences, and metals, minerals and mining industries. The Process Solutions business had a strong year driven by providing our customers leading technologies from the plant floor to the boardroom as well as comprehensive lifecycle services to ensure more productive and stable operations…
As part of its intelligent buildings suite, it provides building management systems, fire detection and
alarm systems, access control systems, video surveillance systems, integrated security systems, and integrated building management systems based on Honeywell’s Enterprise Buildings Integrator™. It provides aftermarket services for various control systems as well as comprehensive utilities’ operations and maintenance services for mechanical and electrical systems in buildings
Building Management Systems business had a good business year. The portfolio was further enhanced with new product offerings like Mechanical PICVs, Variable Frequency drives and Piston type PRVs. Business will continue to stay focused on its core strategies through commercial excellence levers such as sales deployment, on-boarding, channel excellence and pipeline management. This will ensure that your Company continues to grow via its existing product portfolio. Exciting new initiatives such as Connected Buildings and upcoming new product launches will
help your Company grow in an evolving market.
Sensing and Internet of Things (IOT) has multiple diversified customer accounts from Transportation, Aerospace, Medical, Industrial Verticals. This business was focused on market demand and new segment identification during 2019. The Electronic Sensing portfolio which includes board mount Pressure Sensors, Airflow Sensors, Hall ICs, Temperature Sensors etc. helped the business to win in Medical, EVs segment