Technology Life Cycle Model The Technology Life Cycle Model shows the journey a technology takes, from birth to eventual death and the stages in between. Understanding the Technology Life Cycle helps companies predict when they will be able to recover the investment they put into development, and when to plan for new projects. Technology Life Cycles roughly map to the market adoption curve so that the evolution of a given technology moves through the customer adoption phases of Early Adopters, Visionaries, Pragmatists, Conservatives and Laggards. Want more tools and templates? Visit https://upboard.io/

Technology Life Cycle Model Pragmatists Incubate Scale Maturity Discontinuity New concepts or ideas being tested in the market Hypergrowth, gaining consumer acceptance Will established, widely used offerings with low growth Declining sales, alternative offerings or competitors taking market share Core Technology Products, Services & Business Models Customer Needs Addressed Visionaries Conservatives Early Adopters Laggards Want more tools and templates? Visit https://upboard.io/

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