Bangalore: In a consumer-centric era where companies from diverse sectors of the market are bombing their customers with latest technologies and lucrative deals to ensure their strong hold on the market, it becomes an utmost necessity for the organizations to fast-adapt the latest trends and technology that are a boom.

With the market packed with stiff competition, one cannot afford to loosen their grip on the latest trends in technology and by responding by presenting these technologies to their users in a better manner.
While some have excelled in the ability to adapt to these trends, some have failed miserably and paid a heavy price by not only losing their customers but also by losing their market share to equivalent and smaller rivals. Most of these have gone bankrupt while the others are struggling to regain their industrial stature.
Times of India have put together a list of 5 such giants that were once on their peak and ruled the market outshining their rivals by miles but who failed to innovate themselves and keep pace with the emerging technologies. These companies, as a result have lost a considerable market share and given their luminous past it comes as a surprise to see such huge organizations biting the dust and fighting hard to recoup their lost sheen.

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