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Report
Digital Thread Market by Technology (PLM, SLM, CAD, MES, IoT, ERP, edge computing, Digital Twin, ALM, SCADA), Module (Data collection, Data management & Integration), Deployment, Application, Vertical, Region - Global Forecast to 2030
Market Report I 2024-09-25 I 265 Pages I MarketsandMarkets
The increasing demand for real-time data analytics, automation, digitization, asset performance optimization, and predictive maintenance is driving the digital thread market, which is expected to grow from USD 11.42 billion in 2024 to USD 36.81 billion by 2030, with a 21.5% CAGR during this period. Advancements in IoT, AI, and cloud computing, the emergence of Industry 4.0 and smart manufacturing, and the demand for increased PLM are all key drivers of this expansion. Furthermore, regulatory compliance, the demand for customization, sustainability considerations, and the complexities of global supply chains are major drivers in the industry.
"Edge computing segment is expected to grow with highest CAGR during forecast period"
Edge computing is a networking technology that moves data storage and computing closer to the source of data. Edge computing technology segment in digital thread market is expected to grow with highest CAGR during forecast period. Edge computing uses digital threads to process data in real time. It combines data from edge devices into centralized systems, allowing for localized decision-making. It improves predictive maintenance, bandwidth optimization, and data security. By doing so, the digital thread with edge computing reduces latency and simplifies compliance, ensuring the system's overall efficiency for responsive and intelligent operations in remote environments.
"Automotive segment holds the largest market share of digital thread market in 2023"
The automotive industry holds the largest share in digital thread market, as it requires the management of very complex manufacturing processes with extended supply chains and tight regulatory compliance. With digital threads, fully integrated data across a vehicle's lifecycle-from design and production onwards-fosters innovation, personalization, and efficiency. This also enables the industries to meet the standards of safety requirements, efficient supply chains, and cost economy; thus, digital threads are indispensable for automotive processes.
"Cloud-based digital thread segment is expected to grow with highest CAGR during the forecast period"
The digital thread market is segmented into two deployment types such as on-presmises and cloud-based. The cloud-based digital thread category is predicted to develop at the highest CAGR due to its scalability, cost-effectiveness, and flexibility. Cloud solutions include real-time data processing and integration, remote access and collaboration, and powerful analytics and AI tools. These advantages encourage the spread of cloud-based digital threads because they offer a more adaptive and cost-effective solution to managing and optimizing complicated data across industries. These advantages encourage the spread of cloud-based digital threads because they offer a more adaptive and cost-effective solution to managing and optimizing complicated data across industries.
"The US in holds the largest market share of digital thread market in 2023."
North America comprises the US, Canada, and Mexico. Of these, the US captures the maximum market share of North America. The US is expected to contribute significantly to market growth due to the enhanced adoption of technology and product development. Being a global leader in innovation, particularly in precision engineering and manufacturing, the digital thread market of the United States is on a surge.
The growth of the market in US is also attributed to presence of prominent market players such as PTC (US), IBM (US), Rockwell Automation (US), Autodesk, Inc. (US), Oracle (US), General Electric (US).
The break-up of the profiles of primary participants:
- By Company Type - Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
- By Designation - C-level Executives - 48%, Directors - 33%, and Others - 19%
- By Region - North America - 35%, Europe - 18%, Asia Pacific - 40%, and Rest of the World - 7%
Major players in the digital thread market include The report profiles key players such PTC (US), IBM (US), Siemens (Germany), Dassault Systemes (France), Rockwell Automation (US), Autodesk, Inc. (US), Oracle (US), AVEVA Group Limited (UK), SAP (Germany), General Electric (US), Accenture (Ireland) , and others.
Research Coverage
The report segments the digital thread l market by Of technology, module, deployment, application, vertical and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall digital thread market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of critical drivers (Growing Demand for Real-Time Data Analytics, Growing emphasis on automation and digitization, Increasing demand for asset performance optimization and predictive maintenance.), restraints (Data Silos and Heterogeneity, Cyber security and Data Privacy Concern), opportunities (Building Digital Threads with Enterprise Integration Platform as a Service (PaaS), Advancements in Artificial Intelligence (AI) and Machine Learning), challenges (Complexity and Cost of Implementation, Unplanned downtime due to malfunctioning or failure of valves) influencing the growth of the digital thread market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the digital thread market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the digital thread market across various regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the digital thread market.
- Competitive Assessment: such PTC (US), IBM (US), Siemens (Germany), Dassault Systemes (France), Rockwell Automation (US), Autodesk, Inc. (US), Oracle (US), AVEVA Group Limited (UK), SAP (Germany), General Electric (US), Accenture (Ireland) and others.
1 INTRODUCTION 24
1.1 STUDY OBJECTIVES 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 25
1.3.2 INCLUSIONS AND EXCLUSIONS 26
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY CONSIDERED 27
1.5 LIMITATIONS 27
1.6 STAKEHOLDERS 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of key secondary sources 30
2.1.1.2 Key data from secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 List of key interview participants 31
2.1.2.2 Breakdown of primaries 31
2.1.2.3 Key data from primary sources 32
2.1.2.4 Key industry insights 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach to estimate market size using bottom-up analysis 35
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach to estimate market size using top-down analysis 36
2.3 DATA TRIANGULATION 38
2.4 RESEARCH ASSUMPTIONS 39
2.5 RISK ANALYSIS 39
2.6 RESEARCH LIMITATIONS 40
3 EXECUTIVE SUMMARY 41
4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN DIGITAL THREAD MARKET 46
4.2 DIGITAL THREAD MARKET, BY DEPLOYMENT 46
4.3 DIGITAL THREAD MARKET, BY MODULE 47
4.4 DIGITAL THREAD MARKET, BY APPLICATION 47
4.5 DIGITAL THREAD MARKET, BY TECHNOLOGY 48
4.6 DIGITAL THREAD MARKET, BY END-USE INDUSTRY 49
4.7 DIGITAL THREAD MARKET, BY REGION 50
4.8 DIGITAL THREAD MARKET, BY COUNTRY 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
5.2.1 DRIVERS 52
5.2.1.1 Growing demand for real-time data analytics 52
5.2.1.2 Rising emphasis on automation and digitization 52
5.2.1.3 Increasing demand for asset performance optimization and predictive maintenance 52
5.2.2 RESTRAINTS 53
5.2.2.1 Data silos and heterogeneity issues 53
5.2.2.2 Cyber security and data privacy concerns 53
5.2.3 OPPORTUNITIES 54
5.2.3.1 Building digital threads with enterprise iPaaS 54
5.2.3.2 Advancements in AI and ML 54
5.2.4 CHALLENGES 55
5.2.4.1 High cost of implementation 55
5.2.4.2 Lack of standardization 55
5.3 SUPPLY CHAIN ANALYSIS 56
5.4 ECOSYSTEM ANALYSIS 58
5.5 INVESTMENT AND FUNDING SCENARIO 59
5.6 PRICING ANALYSIS 60
5.6.1 AVERAGE SELLING PRICE TREND OF PLM OFFERED BY KEY PLAYERS 60
5.6.2 INDICATIVE PRICING TREND, BY TECHNOLOGY 61
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
5.8 PORTER'S FIVE FORCES ANALYSIS 63
5.8.1 THREAT OF NEW ENTRANTS 64
5.8.2 THREAT OF SUBSTITUTES 64
5.8.3 BARGAINING POWER OF SUPPLIERS 64
5.8.4 BARGAINING POWER OF BUYERS 64
5.8.5 INTENSITY OF COMPETITIVE RIVALRY 65
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 65
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 65
5.9.2 BUYING CRITERIA 66
5.10 CASE STUDY ANALYSIS 67
5.10.1 POLARIS LEVERAGED PTC'S WINDCHILL ENTERPRISE PLM SOLUTION THAT OPTIMIZED COSTS 67
5.10.2 CELLI GROUP IMPLEMENTED DIGITAL THREAD USING PTC PRODUCT SUITE THAT INTEGRATED AND SYNCHRONIZED DATA ACROSS PRODUCT LIFECYCLE 67
5.10.3 KIRLOSKAR COLLABORATED WITH PTC TO DEVELOP DIGITAL THREAD THAT IMPROVED AND EXPEDITED CUSTOMER SERVICE 68
5.11 TECHNOLOGY ANALYSIS 68
5.11.1 KEY TECHNOLOGIES 68
5.11.1.1 Industrial cybersecurity 68
5.11.2 COMPLEMENTARY TECHNOLOGIES 69
5.11.2.1 Blockchain 69
5.11.3 ADJACENT TECHNOLOGIES 69
5.11.3.1 AR and VR 69
5.12 TRADE ANALYSIS 69
5.12.1 IMPORT DATA (HS CODE 851769) 70
5.12.2 EXPORT DATA (HS CODE 851769) 71
5.13 PATENT ANALYSIS 72
5.14 KEY CONFERENCES AND EVENTS, 2024-2025 75
5.15 REGULATORY LANDSCAPE 76
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
5.15.2 STANDARDS 79
5.16 IMPACT OF AI/GENERATIVE AI ON DIGITAL THREAD MARKET 80
5.16.1 INTRODUCTION 80
5.16.2 CASE STUDY 82
5.16.3 FUTURE OF AI/GENERATIVE AI IN DIGITAL THREAD MARKET 83
6 DIGITAL THREAD MARKET, BY TECHNOLOGY 84
6.1 INTRODUCTION 85
6.2 PLM 87
6.2.1 RISING SHIFT TOWARD CLOUD-BASED SOLUTIONS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 87
6.3 APM 88
6.3.1 INTEGRATION OF IOT TO OBTAIN REAL-TIME INSIGHTS TO BOOST DEMAND 88
6.4 CAD 90
6.4.1 INCREASING ADOPTION IN MANUFACTURING AND AEROSPACE INDUSTRIES TO DRIVE MARKET 90
6.5 CAM 91
6.5.1 GROWING ADOPTION OF CNC MACHINING TO ACCELERATE DEMAND 91
6.6 SLM 93
6.6.1 SURGING DEMAND FOR PERSONALIZED SERVICES TO DRIVE MARKET 93
6.7 ALM 94
6.7.1 INTEGRATION WITH DEVOPS TO AUTOMATE WORKFLOWS TO FUEL MARKET GROWTH 94
6.8 MRP 96
6.8.1 ADOPTION OF ADVANCED ANALYTICS AND AI TO ACCELERATE DEMAND 96
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6.9 ERP 97
6.9.1 GROWING NEED TO REDUCE MANUAL EFFORTS TO BOOST DEMAND 97
6.10 MES 99
6.10.1 RISING ADOPTION OF SMART MANUFACTURING TO DRIVE MARKET 99
6.11 EDGE COMPUTING 100
6.11.1 DECREASED LATENCY AND IMPROVED SECURITY TO SPUR DEMAND 100
6.12 INDUSTRIAL SENSORS 102
6.12.1 GROWING ADOPTION IN MANUFACTURING, ENERGY, HEALTHCARE INDUSTRIES TO FUEL MARKET GROWTH 102
6.13 SCADA 103
6.13.1 INCREASING NEED TO MONITOR COMPLEX SYSTEMS IN INDUSTRIAL PLANTS TO BOOST DEMAND 103
6.14 INDUSTRIAL COMMUNICATION 105
6.14.1 ASSISTANCE IN DECISION-MAKING AND PROCESS OPTIMIZATION TO DRIVE MARKET 105
7 DIGITAL THREAD MARKET, BY MODULE 107
7.1 INTRODUCTION 108
7.2 DATA COLLECTION 109
7.2.1 INCREASING DEMAND FOR UNIFIED AND REAL-TIME FLOW OF INFORMATION TO DRIVE MARKET 109
7.3 DATA MANAGEMENT & INTEGRATION 109
7.3.1 RISING DEMAND FOR WELL-STRUCTURED DATA COLLECTION TO FUEL MARKET GROWTH 109
7.4 CONNECTIVITY & INTEROPERABILITY 109
7.4.1 ABILITY TO OFFER SEAMLESS COMMUNICATION AND DATA EXCHANGE BETWEEN PLATFORMS AND DEVICES TO DRIVE MARKET 109
7.5 ANALYTICS & VISUALIZATION 110
7.5.1 ENHANCED DECISION-MAKING AND IMPROVED OPERATIONAL EFFICIENCY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 110
8 DIGITAL THREAD MARKET, BY DEPLOYMENT 111
8.1 INTRODUCTION 112
8.2 ON-PREMISES 113
8.2.1 PRESSING NEED TO SECURE DATA TO DRIVE MARKET 113
8.3 CLOUD-BASED 115
8.3.1 GROWING NEED TO REDUCE UPFRONT INVESTMENT IN IT INFRASTRUCTURE TO SPUR DEMAND 115
9 DIGITAL THREAD MARKET, BY APPLICATION 117
9.1 INTRODUCTION 118
9.2 DESIGN & ENGINEERING 119
9.2.1 REDUCED NEED FOR PHYSICAL PROTOTYPES TO BOOST DEMAND 119
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9.3 MANUFACTURING 119
9.3.1 INCREASING DEMAND TO ADDRESS COMPLEXITIES OF MANUFACTURING PROCESSES TO FUEL MARKET GROWTH 119
9.4 DISTRIBUTION 120
9.4.1 ABILITY TO OFFER REAL-TIME PRODUCT TRACKING TO ACCELERATE DEMAND 120
9.5 CUSTOMER SUPPORT 120
9.5.1 GROWING FOCUS ON ENHANCING REAL-TIME PERFORMANCE TO BOOST DEMAND 120
9.6 MAINTENANCE & SERVICES 120
9.6.1 RISING EMPHASIS ON BOOSTING ASSET MANAGEMENT AND SERVICE OPERATIONS TO SPUR DEMAND 120
10 DIGITAL THREAD MARKET, BY END-USE INDUSTRY 121
10.1 INTRODUCTION 122
10.2 AUTOMOTIVE 124
10.2.1 ABILITY TO FACILITATE REAL-TIME COLLABORATION TO DRIVE MARKET 124
10.3 AEROSPACE 126
10.3.1 ADOPTION OF BIG DATA AND IOT TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 126
10.4 ENERGY & POWER 129
10.4.1 INTEGRATION OF IOT, AI, AND PREDICTIVE ANALYTICS FOR ENHANCED ASSET MANAGEMENT TO FUEL MARKET GROWTH 129
10.5 PHARMACEUTICALS 131
10.5.1 IMPROVED DECISION-MAKING AND OPERATIONAL EFFICIENCY TO DRIVE MARKET 131
10.6 MEDICAL DEVICES 134
10.6.1 ENHANCED PATIENT CARE AND DEVICE PERFORMANCE TO FUEL MARKET GROWTH 134
10.7 OIL & GAS 136
10.7.1 RISING EMPHASIS ON DIGITAL TRANSFORMATION TO DRIVE MARKET 136
10.8 CONSUMER GOODS 139
10.8.1 INCREASING FOCUS ON OFFERING PERSONALIZED EXPERIENCES TO BOOST DEMAND 139
10.9 ELECTRONICS & SEMICONDUCTORS 141
10.9.1 GROWING DEMAND FOR ACCURATE PRODUCT DEVELOPMENT TO DRIVE MARKET 141
10.10 HEAVY MACHINERY 144
10.10.1 IMPROVED VISIBILITY AND TRACEABILITY TO FUEL MARKET GROWTH 144
10.11 CHEMICALS 146
10.11.1 REDUCED WASTE AND DOWNTIME TO SPUR DEMAND 146
10.12 FOOD & BEVERAGES 149
10.12.1 ADOPTION OF CLOUD-BASED MANAGEMENT PLATFORMS TO FUEL MARKET GROWTH 149
10.13 OTHERS 151
11 DIGITAL THREAD MARKET, BY REGION 154
11.1 INTRODUCTION 155
11.2 NORTH AMERICA 156
11.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 156
11.2.2 US 159
11.2.2.1 Growing adoption in aerospace and defense sectors to drive market 159
11.2.3 CANADA 160
11.2.3.1 Government-led initiatives to boost digitalization in manufacturing industry to spur demand 160
11.2.4 MEXICO 160
11.2.4.1 Rising automation in manufacturing sector to fuel market growth 160
11.3 EUROPE 161
11.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 161
11.3.2 UK 164
11.3.2.1 Adoption of innovative manufacturing initiatives to accelerate demand 164
11.3.3 GERMANY 165
11.3.3.1 Thriving automotive and machinery sectors to spur demand 165
11.3.4 FRANCE 165
11.3.4.1 Rising emphasis on developing next-generation digital factories to offer lucrative growth opportunities 165
11.3.5 REST OF EUROPE 165
11.4 ASIA PACIFIC 166
11.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 166
11.4.2 CHINA 170
11.4.2.1 Increasing focus on smart manufacturing projects to boost demand 170
11.4.3 JAPAN 170
11.4.3.1 Growing emphasis on modernizing manufacturing infrastructure to drive market 170
11.4.4 SOUTH KOREA 171
11.4.4.1 Integration of digital technologies with intelligent manufacturing processes to fuel market growth 171
11.4.5 INDIA 171
11.4.5.1 Rising demand for real-time monitoring and reduced manufacturing costs to drive market 171
11.4.6 REST OF ASIA PACIFIC 171
11.5 ROW 172
11.5.1 MACROECONOMIC OUTLOOK FOR ROW 172
11.5.2 MIDDLE EAST 175
11.5.2.1 increasing partnerships among industry vendors and process licensors to boost demand 175
11.5.2.2 GCC countries 175
11.5.2.3 Rest of Middle East 175
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11.5.3 AFRICA 176
11.5.3.1 Rising investments in industrial automation and digital transformation to offer lucrative growth opportunities 176
11.5.4 SOUTH AMERICA 176
11.5.4.1 Growing number of smart factories to fuel market growth 176
12 COMPETITIVE LANDSCAPE 177
12.1 OVERVIEW 177
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022-2024 177
12.3 REVENUE ANALYSIS, 2019-2023 178
12.4 MARKET SHARE ANALYSIS, 2023 179
12.5 COMPANY VALUATION AND FINANCIAL METRICS 181
12.6 BRAND/PRODUCT COMPARISON 182
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 182
12.7.1 STARS 182
12.7.2 EMERGING LEADERS 182
12.7.3 PERVASIVE PLAYERS 183
12.7.4 PARTICIPANTS 183
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 184
12.7.5.1 Company footprint 184
12.7.5.2 Deployment footprint 185
12.7.5.3 Technology footprint 186
12.7.5.4 End-use industry footprint 187
12.7.5.5 Region footprint 189
12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 190
12.8.1 PROGRESSIVE COMPANIES 190
12.8.2 RESPONSIVE COMPANIES 190
12.8.3 DYNAMIC COMPANIES 190
12.8.4 STARTING BLOCKS 190
12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 192
12.8.5.1 Detailed list of key startups/SMEs 192
12.8.5.2 Competitive benchmarking of key startups/SMEs 192
12.9 COMPETITIVE SCENARIO 193
12.9.1 PRODUCT LAUNCHES 193
12.9.2 DEALS 195
13 COMPANY PROFILES 200
13.1 KEY PLAYERS 200
13.1.1 SIEMENS 200
13.1.1.1 Business overview 200
13.1.1.2 Products/Solutions/Services offered 201
13.1.1.3 Recent developments 202
13.1.1.3.1 Product launches 202
13.1.1.3.2 Deals 202
13.1.1.4 MnM view 203
13.1.1.4.1 Key strengths/Right to win 203
13.1.1.4.2 Strategic choices 203
13.1.1.4.3 Weaknesses/Competitive threats 204
13.1.2 PTC 205
13.1.2.1 Business overview 205
13.1.2.2 Products/Solutions/Services offered 207
13.1.2.3 Recent developments 208
13.1.2.3.1 Deals 208
13.1.2.4 MnM view 209
13.1.2.4.1 Key strengths/Right to win 209
13.1.2.4.2 Strategic choices 209
13.1.2.4.3 Weaknesses/Competitive threats 209
13.1.3 DASSAULT SYSTEMES 210
13.1.3.1 Business overview 210
13.1.3.2 Products/Solutions/Services offered 211
13.1.3.3 Recent developments 212
13.1.3.3.1 Deals 212
13.1.3.4 MnM view 213
13.1.3.4.1 Key strengths/Right to win 213
13.1.3.4.2 Strategic choices 213
13.1.3.4.3 Weaknesses/Competitive threats 214
13.1.4 IBM 215
13.1.4.1 Business overview 215
13.1.4.2 Products/Solutions/Services offered 216
13.1.4.3 Recent developments 217
13.1.4.3.1 Deals 217
13.1.4.4 MnM view 218
13.1.4.4.1 Key strengths/Right to win 218
13.1.4.4.2 Strategic choices 218
13.1.4.4.3 Weaknesses/Competitive threats 218
13.1.5 SAP 219
13.1.5.1 Business overview 219
13.1.5.2 Products/Solutions/Services offered 220
13.1.5.3 Recent developments 221
13.1.5.3.1 Product launches 221
13.1.5.3.2 Deals 221
13.1.5.4 MnM view 221
13.1.5.4.1 Key strengths/Right to win 221
13.1.5.4.2 Strategic choices 221
13.1.5.4.3 Weaknesses/Competitive threats 221
13.1.6 ROCKWELL AUTOMATION 222
13.1.6.1 Business overview 222
13.1.6.2 Products/Solutions/Services offered 223
13.1.6.3 Recent developments 224
13.1.6.3.1 Deals 224
13.1.7 AUTODESK INC. 225
13.1.7.1 Business overview 225
13.1.7.2 Products/Solutions/Services offered 226
13.1.7.3 Recent developments 227
13.1.7.3.1 Product launches 227
13.1.7.3.2 Deals 227
13.1.8 ORACLE 228
13.1.8.1 Business overview 228
13.1.8.2 Products/Solutions/Services offered 229
13.1.8.3 Recent developments 230
13.1.8.3.1 Product launches 230
13.1.9 AVEVA GROUP LIMITED 231
13.1.9.1 Business overview 231
13.1.9.2 Products/Solutions/Services offered 231
13.1.9.3 Recent developments 232
13.1.9.3.1 Product launches 232
13.1.10 GENERAL ELECTRIC COMPANY 233
13.1.10.1 Business overview 233
13.1.10.2 Products/Solutions/Services offered 234
13.1.10.3 Recent developments 235
13.1.10.3.1 Deals 235
13.2 OTHER PLAYERS 236
13.2.1 ACCENTURE 236
13.2.2 ANSYS, INC. 237
13.2.3 TATA CONSULTANCY SERVICES LIMITED 238
13.2.4 HEXAGON AB 239
13.2.5 COGNIZANT 240
13.2.6 DXC TECHNOLOGY COMPANY 241
13.2.7 BOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED 242
13.2.8 BENTLEY SYSTEMES, INCORPORATED 243
13.2.9 MATTERPORT INC. 244
13.2.10 HITACHI VANTARA LLC 245
13.2.11 PROSTEP INC 246
13.2.12 ARAS 247
13.2.13 ALTAIR ENGINEERING INC. 248
13.2.14 RAZORLEAF 249
13.2.15 CAPGEMINI 250
14 ADJACENT MARKET 251
14.1 DIGITAL TWIN MARKET, BY ENTERPRISE 251
14.1.1 INTRODUCTION 251
14.1.2 LARGE ENTERPRISES 253
14.1.2.1 Adoption of blockchain technology in healthcare and oil & gas industries to spur demand 253
14.1.3 SMALL & MEDIUM ENTERPRISES 255
14.1.3.1 Improved inventory management and quick access to real-time data to fuel market growth 255
15 APPENDIX 257
15.1 INSIGHTS FROM INDUSTRY EXPERTS 257
15.2 DISCUSSION GUIDE 258
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 261
15.4 CUSTOMIZATION OPTIONS 263
15.5 RELATED REPORTS 263
15.6 AUTHOR DETAILS 264
TABLE 1 ROLES OF COMPANIES IN DIGITAL THREAD ECOSYSTEM 58
TABLE 2 AVERAGE SELLING PRICE TREND OF PLM OFFERED BY KEY PLAYERS,
BY REGION (USD) 61
TABLE 3 INDICATIVE PRICING TREND, BY TECHNOLOGY (USD) 61
TABLE 4 DIGITAL THREAD MARKET: PORTER'S FIVE FORCES ANALYSIS 64
TABLE 5 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) 65
TABLE 6 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 66
TABLE 7 IMPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 70
TABLE 8 EXPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 71
TABLE 9 LIST OF APPLIED/GRANTED PATENTS RELATED TO DIGITAL THREAD MARKET, 2022-2023 72
TABLE 10 DIGITAL THREAD MARKET: LIST OF CONFERENCES AND EVENTS, 2024-2025 75
TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 14 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 15 DIGITAL THREAD MARKET: STANDARDS 79
TABLE 16 DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022-2023 (USD MILLION) 86
TABLE 17 DIGITAL THREAD MARKET, BY TECHNOLOGY, 2024-2030 (USD MILLION) 86
TABLE 18 PLM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 87
TABLE 19 PLM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 88
TABLE 20 APM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 89
TABLE 21 APM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 89
TABLE 22 CAD: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 90
TABLE 23 CAD: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 91
TABLE 24 CAM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 92
TABLE 25 CAM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 92
TABLE 26 SLM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 93
TABLE 27 SLM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 94
TABLE 28 ALM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 95
TABLE 29 ALM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 95
TABLE 30 MRP: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 96
TABLE 31 MRP: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 97
TABLE 32 ERP: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 98
TABLE 33 ERP: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 98
TABLE 34 MES: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 99
TABLE 35 MES: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 100
TABLE 36 EDGE COMPUTING: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 101
TABLE 37 EDGE COMPUTING: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 101
TABLE 38 INDUSTRIAL SENSORS: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 102
TABLE 39 INDUSTRIAL SENSORS: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 103
TABLE 40 SCADA: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 104
TABLE 41 SCADA: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 104
TABLE 42 INDUSTRIAL COMMUNICATION: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022-2023 (USD MILLION) 105
TABLE 43 INDUSTRIAL COMMUNICATION: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2024-2030 (USD MILLION) 106
TABLE 44 DIGITAL THREAD MARKET, BY MODULE, 2022-2023 (USD MILLION) 108
TABLE 45 DIGITAL THREAD MARKET, BY MODULE, 2024-2030 (USD MILLION) 108
TABLE 46 DIGITAL THREAD MARKET, BY DEPLOYMENT, 2022-2023 (USD MILLION) 112
TABLE 47 DIGITAL THREAD MARKET, BY DEPLOYMENT, 2024-2030 (USD MILLION) 113
TABLE 48 ON-PREMISES: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 114
TABLE 49 ON-PREMISES: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 114
TABLE 50 CLOUD-BASED: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 116
TABLE 51 CLOUD-BASED: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 116
TABLE 52 DIGITAL THREAD MARKET, BY APPLICATION, 2022-2023 (USD MILLION) 118
TABLE 53 DIGITAL THREAD MARKET, BY APPLICATION, 2024-2030 (USD MILLION) 119
TABLE 54 DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022-2023 (USD MILLION) 123
TABLE 55 DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2024-2030 (USD MILLION) 123
TABLE 56 AUTOMOTIVE: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 124
TABLE 57 AUTOMOTIVE: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 125
TABLE 58 AUTOMOTIVE: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 125
TABLE 59 AUTOMOTIVE: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 125
TABLE 60 AUTOMOTIVE: DIGITAL THREAD MARKET, BY REGION, 2022-2023 (USD MILLION) 126
TABLE 61 AUTOMOTIVE: DIGITAL THREAD MARKET, BY REGION, 2024-2030 (USD MILLION) 126
TABLE 62 AEROSPACE: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 127
TABLE 63 AEROSPACE: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 127
TABLE 64 AEROSPACE: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 128
TABLE 65 AEROSPACE: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 128
TABLE 66 AEROSPACE: DIGITAL THREAD MARKET, BY REGION, 2022-2023 (USD MILLION) 128
TABLE 67 AEROSPACE: DIGITAL THREAD MARKET, BY REGION, 2024-2030 (USD MILLION) 128
TABLE 68 ENERGY & POWER: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 129
TABLE 69 ENERGY & POWER: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 130
TABLE 70 ENERGY & POWER: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 130
TABLE 71 ENERGY & POWER: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 130
TABLE 72 ENERGY & POWER: DIGITAL THREAD MARKET, BY REGION,
2022-2023 (USD MILLION) 131
TABLE 73 ENERGY & POWER: DIGITAL THREAD MARKET, BY REGION,
2024-2030 (USD MILLION) 131
TABLE 74 PHARMACEUTICALS: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 132
TABLE 75 PHARMACEUTICALS: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 132
TABLE 76 PHARMACEUTICALS: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 133
TABLE 77 PHARMACEUTICALS: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 133
TABLE 78 PHARMACEUTICALS: DIGITAL THREAD MARKET, BY REGION,
2022-2023 (USD MILLION) 133
TABLE 79 PHARMACEUTICALS: DIGITAL THREAD MARKET, BY REGION,
2024-2030 (USD MILLION) 133
TABLE 80 MEDICAL DEVICES: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 134
TABLE 81 MEDICAL DEVICES: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 135
TABLE 82 MEDICAL DEVICES: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 135
TABLE 83 MEDICAL DEVICES: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 135
TABLE 84 MEDICAL DEVICES: DIGITAL THREAD MARKET, BY REGION,
2022-2023 (USD MILLION) 136
TABLE 85 MEDICAL DEVICES: DIGITAL THREAD MARKET, BY REGION,
2024-2030 (USD MILLION) 136
TABLE 86 OIL & GAS: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 137
TABLE 87 OIL & GAS: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 137
TABLE 88 OIL & GAS: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 138
TABLE 89 OIL & GAS: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 138
TABLE 90 OIL & GAS: DIGITAL THREAD MARKET, BY REGION, 2022-2023 (USD MILLION) 138
TABLE 91 OIL & GAS: DIGITAL THREAD MARKET, BY REGION, 2024-2030 (USD MILLION) 138
TABLE 92 CONSUMER GOODS: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 139
TABLE 93 CONSUMER GOODS: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 140
TABLE 94 CONSUMER GOODS: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 140
TABLE 95 CONSUMER GOODS: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 140
TABLE 96 CONSUMER GOODS: DIGITAL THREAD MARKET, BY REGION,
2022-2023 (USD MILLION) 141
TABLE 97 CONSUMER GOODS: DIGITAL THREAD MARKET, BY REGION,
2024-2030 (USD MILLION) 141
TABLE 98 ELECTRONICS & SEMICONDUCTORS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022-2023 (USD MILLION) 142
TABLE 99 ELECTRONICS & SEMICONDUCTORS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2024-2030 (USD MILLION) 142
TABLE 100 ELECTRONICS & SEMICONDUCTORS: DIGITAL THREAD MARKET, BY DEPLOYMENT, 2022-2023 (USD MILLION) 143
TABLE 101 ELECTRONICS & SEMICONDUCTORS: DIGITAL THREAD MARKET, BY DEPLOYMENT, 2024-2030 (USD MILLION) 143
TABLE 102 ELECTRONICS & SEMICONDUCTORS: DIGITAL THREAD MARKET, BY REGION, 2022-2023 (USD MILLION) 143
TABLE 103 ELECTRONICS & SEMICONDUCTORS: DIGITAL THREAD MARKET, BY REGION, 2024-2030 (USD MILLION) 143
TABLE 104 HEAVY MACHINERY: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 144
TABLE 105 HEAVY MACHINERY: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 145
TABLE 106 HEAVY MACHINERY: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 145
TABLE 107 HEAVY MACHINERY: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 145
TABLE 108 HEAVY MACHINERY: DIGITAL THREAD MARKET, BY REGION,
2022-2023 (USD MILLION) 146
TABLE 109 HEAVY MACHINERY: DIGITAL THREAD MARKET, BY REGION,
2024-2030 (USD MILLION) 146
TABLE 110 CHEMICALS: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 147
TABLE 111 CHEMICALS: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 147
TABLE 112 CHEMICALS: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 148
TABLE 113 CHEMICALS: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 148
TABLE 114 CHEMICALS: DIGITAL THREAD MARKET, BY REGION, 2022-2023 (USD MILLION) 148
TABLE 115 CHEMICALS: DIGITAL THREAD MARKET, BY REGION, 2024-2030 (USD MILLION) 148
TABLE 116 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2022-2023 (USD MILLION) 149
TABLE 117 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY TECHNOLOGY,
2024-2030 (USD MILLION) 150
TABLE 118 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2022-2023 (USD MILLION) 150
TABLE 119 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY DEPLOYMENT,
2024-2030 (USD MILLION) 150
TABLE 120 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY REGION,
2022-2023 (USD MILLION) 151
TABLE 121 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY REGION,
2024-2030 (USD MILLION) 151
TABLE 122 OTHERS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022-2023 (USD MILLION) 152
TABLE 123 OTHERS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2024-2030 (USD MILLION) 152
TABLE 124 OTHERS: DIGITAL THREAD MARKET, BY DEPLOYMENT, 2022-2023 (USD MILLION) 153
TABLE 125 OTHERS: DIGITAL THREAD MARKET, BY DEPLOYMENT, 2024-2030 (USD MILLION) 153
TABLE 126 OTHERS: DIGITAL THREAD MARKET, BY REGION, 2022-2023 (USD MILLION) 153
TABLE 127 OTHERS: DIGITAL THREAD MARKET, BY REGION, 2024-2030 (USD MILLION) 153
TABLE 128 DIGITAL THREAD MARKET, BY REGION, 2022-2023 (USD MILLION) 155
TABLE 129 DIGITAL THREAD MARKET, BY REGION, 2024-2030 (USD MILLION) 156
TABLE 130 NORTH AMERICA: DIGITAL THREAD MARKET, BY COUNTRY,
2022-2023 (USD MILLION) 158
TABLE 131 NORTH AMERICA: DIGITAL THREAD MARKET, BY COUNTRY,
2024-2030 (USD MILLION) 158
TABLE 132 NORTH AMERICA: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 158
TABLE 133 NORTH AMERICA: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 159
TABLE 134 EUROPE: DIGITAL THREAD MARKET, BY COUNTRY, 2022-2023 (USD MILLION) 162
TABLE 135 EUROPE: DIGITAL THREAD MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 163
TABLE 136 EUROPE: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 163
TABLE 137 EUROPE: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 164
TABLE 138 ASIA PACIFIC: DIGITAL THREAD MARKET, BY COUNTRY, 2022-2023 (USD MILLION) 168
TABLE 139 ASIA PACIFIC: DIGITAL THREAD MARKET, BY COUNTRY, 2024-2030 (USD MILLION) 168
TABLE 140 ASIA PACIFIC: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 169
TABLE 141 ASIA PACIFIC: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 169
TABLE 142 ROW: DIGITAL THREAD MARKET, BY REGION, 2022-2023 (USD MILLION) 173
TABLE 143 ROW: DIGITAL THREAD MARKET, BY REGION, 2024-2030 (USD MILLION) 173
TABLE 144 MIDDLE EAST: DIGITAL THREAD MARKET, BY COUNTRY,
2022-2023 (USD MILLION) 174
TABLE 145 MIDDLE EAST: DIGITAL THREAD MARKET, BY COUNTRY,
2024-2030 (USD MILLION) 174
TABLE 146 ROW: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2022-2023 (USD MILLION) 174
TABLE 147 ROW: DIGITAL THREAD MARKET, BY END-USE INDUSTRY,
2024-2030 (USD MILLION) 175
TABLE 148 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022-2024 177
TABLE 149 DIGITAL THREAD MARKET: DEGREE OF COMPETITION, 2023 179
TABLE 150 DIGITAL THREAD MARKET: DEPLOYMENT FOOTPRINT 185
TABLE 151 DIGITAL THREAD MARKET: TECHNOLOGY FOOTPRINT 186
TABLE 152 DIGITAL THREAD MARKET: END-USE INDUSTRY FOOTPRINT 187
TABLE 153 DIGITAL THREAD MARKET: REGION FOOTPRINT 189
TABLE 154 DIGITAL THREAD MARKET: DETAILED LIST OF KEY STARTUPS/SMES 192
TABLE 155 DIGITAL THREAD MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES, 2023 192
TABLE 156 DIGITAL THREAD MARKET: PRODUCT LAUNCHES, JANUARY 2022-AUGUST 2024 193
TABLE 157 DIGITAL THREAD MARKET: DEALS, JANUARY 2022-AUGUST 2024 195
TABLE 158 SIEMENS: COMPANY OVERVIEW 200
TABLE 159 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201
TABLE 160 SIEMENS: PRODUCT LAUNCHES 202
TABLE 161 SIEMENS: DEALS 202
TABLE 162 PTC: COMPANY OVERVIEW 205
TABLE 163 PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
TABLE 164 PTC: DEALS 208
TABLE 165 DASSAULT SYSTEMES: COMPANY OVERVIEW 210
TABLE 166 DASSAULT SYSTEMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
TABLE 167 DASSAULT SYSTEMES: DEALS 212
TABLE 168 IBM: COMPANY OVERVIEW 215
TABLE 169 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 170 IBM: DEALS 217
TABLE 171 SAP: COMPANY OVERVIEW 219
TABLE 172 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 220
TABLE 173 SAP: PRODUCT LAUNCHES 221
TABLE 174 SAP: DEALS 221
TABLE 175 ROCKWELL AUTOMATION: COMPANY OVERVIEW 222
TABLE 176 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223
TABLE 177 ROCKWELL AUTOMATION: DEALS 224
TABLE 178 AUTODESK INC.: COMPANY OVERVIEW 225
TABLE 179 AUTODESK INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 180 AUTODESK INC.: PRODUCT LAUNCHES 227
TABLE 181 AUTODESK INC.: DEALS 227
TABLE 182 ORACLE: COMPANY OVERVIEW 228
TABLE 183 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 184 ORACLE: PRODUCT LAUNCHES 230
TABLE 185 AVEVA GROUP LIMITED: COMPANY OVERVIEW 231
TABLE 186 AVEVA GROUP LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 231
TABLE 187 AVEVA GROUP LIMITED: PRODUCT LAUNCHES 232
TABLE 188 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW 233
TABLE 189 GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
TABLE 190 GENERAL ELECTRIC COMPANY: DEALS 235
TABLE 191 ACCENTURE: COMPANY OVERVIEW 236
TABLE 192 ANSYS, INC.: COMPANY OVERVIEW 237
TABLE 193 TATA CONSULTANCY SERVICES LIMITED: COMPANY OVERVIEW 238
TABLE 194 HEXAGON AB: COMPANY OVERVIEW 239
TABLE 195 COGNIZANT: COMPANY OVERVIEW 240
TABLE 196 DXC TECHNOLOGY COMPANY: COMPANY OVERVIEW 241
TABLE 197 BOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED:
COMPANY OVERVIEW 242
TABLE 198 BENTLY SYSTEMES, INCORPORATED: COMPANY OVERVIEW 243
TABLE 199 MATTERPORT INC.: COMPANY OVERVIEW 244
TABLE 200 HITACHI VANTARA LLC: COMPANY OVERVIEW 245
TABLE 201 PROSTEP INC: COMPANY OVERVIEW 246
TABLE 202 ARAS: COMPANY OVERVIEW 247
TABLE 203 ALTAIR ENGINEERING INC.: COMPANY OVERVIEW 248
TABLE 204 RAZORLEAF: COMPANY OVERVIEW 249
TABLE 205 CAPGEMINI: COMPANY OVERVIEW 250
TABLE 206 DIGITAL TWIN MARKET, BY ENTERPRISE, 2019-2022 (USD MILLION) 252
TABLE 207 DIGITAL TWIN MARKET, BY ENTERPRISE, 2023-2028 (USD MILLION) 253
TABLE 208 LARGE ENTERPRISES: DIGITAL TWIN MARKET, BY REGION,
2019-2022 (USD MILLION) 254
TABLE 209 LARGE ENTERPRISES: DIGITAL TWIN MARKET, BY REGION,
2023-2028 (USD MILLION) 254
TABLE 210 SMALL & MEDIUM ENTERPRISES: DIGITAL TWIN MARKET, BY REGION,
2019-2022 (USD MILLION) 256
TABLE 211 SMALL & MEDIUM ENTERPRISES: DIGITAL TWIN MARKET, BY REGION,
2023-2028 (USD MILLION) 256
FIGURE 1 DIGITAL THREAD MARKET SEGMENTATION AND REGIONAL SCOPE 25
FIGURE 2 DIGITAL THREAD MARKET: RESEARCH DESIGN 29
FIGURE 3 DIGITAL THREAD MARKET: BOTTOM-UP APPROACH 35
FIGURE 4 DIGITAL THREAD MARKET: TOP-DOWN APPROACH 36
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE):
REVENUE GENERATED BY DIGITAL THREAD PROVIDERS 37
FIGURE 6 DATA TRIANGULATION 38
FIGURE 7 CLOUD-BASED SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 41
FIGURE 8 ANALYTICS & VISUALIZATION SEGMENT TO DOMINATE MARKET IN 2030 42
FIGURE 9 DESIGN & ENGINEERING SEGMENT TO LEAD MARKET IN 2024 42
FIGURE 10 EDGE COMPUTING SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 43
FIGURE 11 AUTOMOTIVE SEGMENT TO DOMINATE MARKET IN 2030 44
FIGURE 12 NORTH AMERICA CLAIMED LARGEST MARKET SHARE IN 2023 45
FIGURE 13 EXPANDING PHARMACEUTICAL INDUSTRY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 46
FIGURE 14 CLOUD-BASED DEPLOYMENT SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 46
FIGURE 15 ANALYTICS & VISUALIZATION SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 47
FIGURE 16 DESIGN & ENGINEERING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 47
FIGURE 17 PLM TECHNOLOGY TO DOMINATE MARKET DURING FORECAST PERIOD 48
FIGURE 18 PHARMACEUTICALS SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 49
FIGURE 19 NORTH AMERICA TO SECURE LARGEST MARKET SHARE IN 2024 50
FIGURE 20 INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 21 DIGITAL THREAD MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
FIGURE 22 DIGITAL THREAD MARKET: IMPACT ANALYSIS OF DRIVERS 53
FIGURE 23 DIGITAL THREAD MARKET: IMPACT ANALYSIS OF RESTRAINTS 54
FIGURE 24 DIGITAL THREAD MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 55
FIGURE 25 DIGITAL THREAD MARKET: IMPACT ANALYSIS OF CHALLENGES 56
FIGURE 26 DIGITAL THREAD MARKET: SUPPLY CHAIN ANALYSIS 56
FIGURE 27 DIGITAL THREAD MARKET: ECOSYSTEM ANALYSIS 58
FIGURE 28 INVESTMENT AND FUNDING SCENARIO 59
FIGURE 29 AVERAGE SELLING PRICE TREND OF PLM OFFERED BY KEY PLAYERS, BY REGION 60
FIGURE 30 AVERAGE SELLING PRICE TREND OF PLM, BY REGION, 2019-2023 61
FIGURE 31 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
FIGURE 32 DIGITAL THREAD MARKET: PORTER'S FIVE FORCES ANALYSIS 63
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR
TOP THREE END-USE INDUSTRIES 65
FIGURE 34 BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 66
FIGURE 35 IMPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 70
FIGURE 36 EXPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2019-2023 (USD MILLION) 71
FIGURE 37 PATENTS APPLIED AND GRANTED, 2014-2023 72
FIGURE 38 DIGITAL THREAD USE CASES IN AI/GENERATIVE AI 81
FIGURE 39 IMPACT OF AI/GENERATIVE AI ON DIGITAL THREAD MARKET 82
FIGURE 40 EDGE COMPUTING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 85
FIGURE 41 ANALYTICS & VISUALIZATION SEGMENT TO DOMINATE MARKET IN 2030 108
FIGURE 42 DIGITAL THREAD MARKET, BY DEPLOYMENT 112
FIGURE 43 CLOUD-BASED SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD 112
FIGURE 44 DESIGN & ENGINEERING SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 118
FIGURE 45 DIGITAL THREAD MARKET, BY END-USE INDUSTRY 122
FIGURE 46 PLM TO DOMINATE MARKET IN 2030 122
FIGURE 47 DIGITAL THREAD MARKET, BY REGION 155
FIGURE 48 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 155
FIGURE 49 NORTH AMERICA: DIGITAL THREAD MARKET SNAPSHOT 157
FIGURE 50 EUROPE: DIGITAL THREAD MARKET SNAPSHOT 162
FIGURE 51 ASIA PACIFIC: DIGITAL THREAD MARKET SNAPSHOT 167
FIGURE 52 MIDDLE EAST TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 173
FIGURE 53 DIGITAL THREAD MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2019-2023 178
FIGURE 54 MARKET SHARE ANALYSIS OF DIGITAL THREAD PROVIDERS, 2023 179
FIGURE 55 COMPANY VALUATION, 2024 181
FIGURE 56 FINANCIAL METRICS 181
FIGURE 57 DIGITAL MARKET THREAD: BRAND/PRODUCT COMPARISON 182
FIGURE 58 DIGITAL THREAD MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 183
FIGURE 59 DIGITAL THREAD MARKET: COMPANY FOOTPRINT 184
FIGURE 60 DIGITAL THREAD MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2023 191
FIGURE 61 SIEMENS: COMPANY SNAPSHOT 201
FIGURE 62 PTC: COMPANY SNAPSHOT 206
FIGURE 63 DASSAULT SYSTEMES: COMPANY SNAPSHOT 211
FIGURE 64 IBM: COMPANY SNAPSHOT 216
FIGURE 65 SAP: COMPANY SNAPSHOT 220
FIGURE 66 ROCKWELL AUTOMATION: COMPANY SNAPSHOT 223
FIGURE 67 AUTODESK INC.: COMPANY SNAPSHOT 226
FIGURE 68 ORACLE: COMPANY SNAPSHOT 229
FIGURE 69 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 234
FIGURE 70 DIGITAL TWIN MARKET, BY ENTERPRISE 252
FIGURE 71 SMALL & MEDIUM ENTERPRISES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 252
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security