Digital Thread Market Size, Share, Trends, Companies & Industry

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

Report Code: SE 9157 Sep, 2024, by marketsandmarkets.com

Updated on : Oct 04, 2024

Digital Thread Market Size & Share

The global digital thread market size is expected to be worth USD 11.42 billion in 2024 and is projected to reach USD 36.81 billion by 2030; growing at a CAGR of 21.5% during the forecast period.

The digital thread is the seamless flow of relevant data regarding a product throughout its life cycle. The digital thread delivers an exhaustive perspective on a product's lifecycle, encapsulating design, development, manufacture, maintenance, service, and eventual retirement. It empowers organizations to dismantle operational silos, enhance process efficiency, and ensure cross-functional interoperability across various departments, functions, and systems.

This framework guarantees the integrity and uniformity of product-related data across the ecosystem, ensuring stakeholders access to the most current information. With the rising integration of digital threads, there is an amplified demand for real-time data analytics, optimization of asset performance, and predictive maintenance capabilities.

Digital Thread Market

Digital Thread Market

Digital Thread Market Forecast to 2030

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North America accounted for a significant share of USD 3,166.4 million in the digital thread industry in 2023. The North American region holds the largest market share in digital threads due to several factors. North America has a strong ecosystem of advanced technology companies, including those specializing in software, cloud computing, AI, and IoT, which are integral to the development and implementation of digital thread solutions. Additionally, companies in North America are heavily investing in digital transformation to stay competitive in a rapidly evolving global market.

Digital Thread Market

AI plays an important role in strengthening the digital thread's capabilities by enabling advanced data analysis, automation, and decision-making across the entire product lifecycle. The digital thread connects various stages of a product's lifecycle, from design and manufacturing to operation and maintenance, by integrating data, processes, and systems. AI improves digital threads by enabling real-time data collection and monitoring, optimizing performance, and predicting failures. Furthermore, Al in digital thread facilitates seamless data integration across systems, improving interoperability and ensuring a similar information flow. Al also optimizes supply chains by predicting demand, managing inventory, and identifying disruptions while supporting mass customization through personalized customer data analysis. Additionally, it improves quality management with automated defect detection and enhances project collaboration by streamlining communication and information sharing.

Digital Thread Market Trends:

Driver: Growing emphasis on automation and digitization

The increasing demand for asset performance optimization and predictive maintenance signifies a shift in industries toward better operational efficiency and cost reduction. Asset performance optimization aims to enhance the effectiveness of assets throughout their lifecycle by using advanced analytics and real-time data to improve resource utilization, reduce downtime, and increase productivity.

Predictive maintenance, a critical component of this optimization, employs data from sensors, IoT devices, and historical records to provide early warnings of equipment faults. This allows for proactive intervention by analyzing trends and anomalies, reducing unexpected downtime, and extending the life of assets compared to manual and reactive maintenance processes, which typically result in higher costs and more operational disruptions.

In addition, other technological advancements such as artificial intelligence and machine learning support these practices by enabling more accurate predictions and smarter maintenance procedures. Real-time data analytics integration provides valuable insights that drive decision-making processes towards optimization of plans. Hence, the emphasis on asset performance optimization and predictive maintenance is driven by the goals of improving efficiency, reducing costs, and gaining competitive advantages, which are crucial for long-term success and sustainability in today's industries.

Restraint: Cyber security and data privacy concerns

Cybersecurity and data privacy concerns can significantly limit the growth of the digital thread market. The digital thread, which enables the smooth flow of data throughout a product's lifecycle, depends heavily on secure data handling and system integration.

Tougher data privacy regulations, such as GDPR and CCPA, can increase complexity costs and potentially slow down adoption. The high costs of implementing strong cybersecurity measures may discourage investment, and the risk of data breaches and cyber-attacks adds further concerns. The challenge of securely integrating different systems and the absence of standardized practices also contribute to hesitancy in adopting digital thread technologies. Addressing these issues requires a focus on developing robust cybersecurity frameworks, adhering to regulations, and establishing standardized practices for successful digital thread implementations.

Opportunity: Building digital threads with enterprise iPaaS

Digital threads in enterprise Integration Platform as a Service (iPaaS) enable organizations to seamlessly integrate data and processes across the entire product lifecycle, from design and manufacturing to deployment and customer support.

By implementing iPaaS, businesses can gain a comprehensive, interconnected view of their operations, leading to improved decision-making, enhanced product quality, and accelerated time to market. iPaaS facilitates real-time data synchronization across diverse systems and applications, ensuring the smooth flow of information throughout the enterprise. This capability is crucial for driving digital transformation, boosting operational efficiency, and enabling the development of new business models in an increasingly competitive landscape.

As industries increasingly adopt Industry 4.0 technologies, the demand for digital threads is growing. iPaaS offers the scalability, flexibility, and real-time integration necessary to meet this demand, providing a solid foundation for continuous innovation and maintaining a competitive advantage. Organizations that seize this opportunity can optimize operations, reduce costs, and enhance customer experiences, positioning themselves as leaders in their markets.

Challenge: High cost of implementation

The implementation of digital thread can be challenging and costly due to the need to integrate with existing IT systems and handle a variety of data. Custom development planning is essential, as substantial amounts of data need to be managed to ensure quality and consistency. This requires significant investment in new technologies such as IoT sensors, cloud computing, and data analytics platforms. Costs also arise from training staff and managing changes in processes.

Additionally, ensuring data security and compliance with industry regulations adds another layer of complexity and cost to the system. Customization and scalability further contribute to costs, as digital thread systems require tailored solutions and upgrades, which can be expensive. In many cases, dedicated teams and external consultants are needed for effective project management, increasing overall expenditure. Therefore, considering the complexity and cost of implementation is crucial despite the potential benefits of Digital Thread, such as improved efficiency, enhanced collaboration, and better decision-making.

Digital Thread Market Ecosystem

Prominent companies in this market include well-established, financially stable digital thread providers such as PTC (US), IBM (US), Siemens (Germany), Dassault Systemes (France), and Rockwell Automation (US). These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks.

Digital Thread Market by Ecosystem

Digital Thread Market Segment Analysis

PLM technology segment is expected to account for the largest market share during the forecast period.

The digital thread market is segmented into various technologies, such as PLM, APM, CAD, CAM, SLM, ALM MRP, ERP, MES, Edge Computing, Industrial Sensor, SCADA, and Industrial Communication. PLM is a highly influential technology that drives the digital thread industry.

It integrates data and procedures throughout the entire life cycle of a product, from design to end-of-life. This integration fosters collaboration by providing a single view of product data, effective data management, and detailed insights for better decision-making. PLM systems also ensure regulatory compliance and quality control. The scalability and flexibility of PLM make it applicable across various industries, and its essential characteristics position PLM as a significant contributor to the digital thread, thereby making a substantial market impact.

Design & engineering segment is expected to secure the largest market share in 2024.

The market is divided into different applications of digital thread. Applications related to the design and engineering of a digital thread play a significant role in integrating data seamlessly throughout stages of product development.

This integration enhances collaboration and enables real-time design iteration and optimization. Furthermore, it offers a comprehensive view of the product lifecycle during the design stage, thereby improving resource efficiency and sustainability. Additionally, digital threads allow for customization and personalization, enabling personalized product designs tailored to specific client needs. Altogether, this underscores the significant impact of digital threads in design and engineering.

Pharmaceuticals segment is projected to record the highest CAGR during the forecast period.

The pharmaceuticals segment is likely to witness the highest CAGR of 22.7% during the forecast period. The pharmaceutical industry has been adopting digital thread at a rapid rate. Digital thread makes sure that regulatory compliance and traceability are aligned, quality management has huge support, and it brings much-needed efficiency in research and development.

Additionally, digital threads smoothen highly complex supply chains, support the emergence of personalized medicine by integrating data around patients, and enable seamless data integration across systems. These are core competencies that underpin high standards, accelerate drug development, and meet the regulatory requirements of the most exacting standards typical of the industry.

Regional Analysis

Asia Pacific is projected to exhibit the highest CAGR during the forecast period.

Digital Thread Market by Region

Digital Thread Market by Region

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Top Digital Thread Companies - Key Market Players

Major players covered in the

In this report, the overall digital thread market has been segmented based on Technology, module, deployment, application, vertical, and region.

Segment

Subsegment

By Technology

  • PLM (Product Lifecycle Management)
  • CAD (Computer-Aided Design)
  • CAM (Computer-Aided Manufacturing)
  • SLM (Service Lifecycle Management)
  • ALM (Application Lifecycle Management)
  • MRP (Material requirements planning)
  • ERP (Enterprise Resource Planning)
  • MES (Manufacturing Execution System)
  • Edge Computing
  • Industrial Sensor
  • SCADA
  • Industrial Communication

By Module

  • Data Collection
  • Data Management & Integration
  • Connectivity and Interoperability
  • Analytics and Visualization

By Deployment

  • On-Premises
  • Cloud Based

By Application

  • Design & Engineering
  • Manufacturing
  • Supply Chain Management
  • Distribution
  • Customer Support
  • Maintenance & Services

By Vertical

  • Automotive
  • Aerospace
  • Energy & Power
  • Pharmaceuticals
  • Medical Device
  • Oil & Gas
  • Consumer Goods
  • Machinery Manufacturer
  • Chemicals
  • Food & Beverages
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • South America
    • Middle East
      • GCC Countries
      • Rest of Middle East
    • Africa

Recent Developments in Digital Thread Industry

  • In August 2024, Oracle introduced new user experience (UX) enhancements to Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). Built with the award-winning, consumer-grade Oracle Redwood Design System, the UX updates help procurement professionals, logistics managers, field service technicians, and product managers increase productivity and accelerate supply chain processes.
  • In August 2024, SAP SE launched new cloud capabilities for SAP Product Lifecycle Management (SAP PLM) solutions in a strategic co-innovation with Hilti AG, a leading global provider of products and services for the construction industry.
  • In February 2024, Autodesk, Inc. unveiled Autodesk Informed Design, a cloud-based solution that connects design and manufacturing workflows to streamline the building design and construction process. Through a connected, bidirectional digital thread, data can be shared across the AECO ecosystem of partners.
  • In October 2023, Siemens Digital Industries Software and CEA-List, a technological research institute specializing in smart digital systems, signed a memorandum of understanding agreement to collaborate on advancing digital twin capabilities with artificial intelligence (AI) and improving the integration of embedded software on virtual and hybrid platforms. This research partnership aims to leverage the combined expertise of both organizations, integrating Siemens' Xcelerator portfolio and CEA-List's toolset to eliminate the barriers between electronics design, software development, and mechanical engineering using digital twin technologies.
  • In April 2023, IBM and Siemens collaborated to develop a combined software solution integrating their respective offerings for systems engineering, service lifecycle management, and asset management. These companies collaborated for IBM’s Maximo for asset management with Siemens’ Teamcenter software to support an integrated digital thread between service engineering, asset management, and services execution.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 24)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED AND REGIONAL SCOPE
           1.3.2 INCLUSIONS AND EXCLUSIONS
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 List of key interview participants
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key data from primary sources
                    2.1.2.4 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to estimate market size using bottom-up analysis
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to estimate market size using top-down analysis
    2.3 DATA TRIANGULATION 
    2.4 RESEARCH ASSUMPTIONS 
    2.5 RISK ANALYSIS 
    2.6 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 41)
 
4 PREMIUM INSIGHTS (Page No. - 46)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN DIGITAL THREAD MARKET 
    4.2 MARKET, BY DEPLOYMENT 
    4.3 MARKET, BY MODULE 
    4.4 MARKET, BY APPLICATION 
    4.5 MARKET, BY TECHNOLOGY 
    4.6 MARKET, BY END-USE INDUSTRY 
    4.7 MARKET, BY REGION 
    4.8 MARKET, BY COUNTRY 
 
5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for real-time data analytics
                    5.2.1.2 Rising emphasis on automation and digitization
                    5.2.1.3 Increasing demand for asset performance optimization and predictive maintenance
           5.2.2 RESTRAINTS
                    5.2.2.1 Data silos and heterogeneity issues
                    5.2.2.2 Cyber security and data privacy concerns
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Building digital threads with enterprise iPaaS
                    5.2.3.2 Advancements in AI and ML
           5.2.4 CHALLENGES
                    5.2.4.1 High cost of implementation
                    5.2.4.2 Lack of standardization
    5.3 SUPPLY CHAIN ANALYSIS 
    5.4 ECOSYSTEM ANALYSIS 
    5.5 INVESTMENT AND FUNDING SCENARIO 
    5.6 PRICING ANALYSIS 
           5.6.1 AVERAGE SELLING PRICE TREND OF PLM OFFERED BY KEY PLAYERS
           5.6.2 INDICATIVE PRICING TREND, BY TECHNOLOGY
    5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
           5.9.2 BUYING CRITERIA
    5.10 CASE STUDY ANALYSIS 
           5.10.1 POLARIS LEVERAGED PTC’S WINDCHILL ENTERPRISE PLM SOLUTION THAT OPTIMIZED COSTS
           5.10.2 CELLI GROUP IMPLEMENTED DIGITAL THREAD USING PTC PRODUCT SUITE THAT INTEGRATED AND SYNCHRONIZED DATA ACROSS PRODUCT LIFECYCLE
           5.10.3 KIRLOSKAR COLLABORATED WITH PTC TO DEVELOP DIGITAL THREAD THAT IMPROVED AND EXPEDITED CUSTOMER SERVICE
    5.11 TECHNOLOGY ANALYSIS 
           5.11.1 KEY TECHNOLOGIES
                    5.11.1.1 Industrial cybersecurity
           5.11.2 COMPLEMENTARY TECHNOLOGIES
                    5.11.2.1 Blockchain
           5.11.3 ADJACENT TECHNOLOGIES
                    5.11.3.1 AR and VR
    5.12 TRADE ANALYSIS 
           5.12.1 IMPORT DATA (HS CODE 851769)
           5.12.2 EXPORT DATA (HS CODE 851769)
    5.13 PATENT ANALYSIS 
    5.14 KEY CONFERENCES AND EVENTS, 2024–2025 
    5.15 REGULATORY LANDSCAPE 
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.2 STANDARDS
    5.16 IMPACT OF AI/GENERATIVE AI ON DIGITAL THREAD MARKET 
           5.16.1 INTRODUCTION
           5.16.2 CASE STUDY
           5.16.3 FUTURE OF AI/GENERATIVE AI IN DIGITAL THREAD MARKET
 
6 DIGITAL THREAD MARKET, BY TECHNOLOGY (Page No. - 84)
    6.1 INTRODUCTION 
    6.2 PLM 
           6.2.1 RISING SHIFT TOWARD CLOUD-BASED SOLUTIONS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
    6.3 APM 
           6.3.1 INTEGRATION OF IOT TO OBTAIN REAL-TIME INSIGHTS TO BOOST DEMAND
    6.4 CAD 
           6.4.1 INCREASING ADOPTION IN MANUFACTURING AND AEROSPACE INDUSTRIES TO DRIVE MARKET
    6.5 CAM 
           6.5.1 GROWING ADOPTION OF CNC MACHINING TO ACCELERATE DEMAND
    6.6 SLM 
           6.6.1 SURGING DEMAND FOR PERSONALIZED SERVICES TO DRIVE MARKET
    6.7 ALM 
           6.7.1 INTEGRATION WITH DEVOPS TO AUTOMATE WORKFLOWS TO FUEL MARKET GROWTH
    6.8 MRP 
           6.8.1 ADOPTION OF ADVANCED ANALYTICS AND AI TO ACCELERATE DEMAND
    6.9 ERP 
           6.9.1 GROWING NEED TO REDUCE MANUAL EFFORTS TO BOOST DEMAND
    6.10 MES 
           6.10.1 RISING ADOPTION OF SMART MANUFACTURING TO DRIVE MARKET
    6.11 EDGE COMPUTING 
           6.11.1 DECREASED LATENCY AND IMPROVED SECURITY TO SPUR DEMAND
    6.12 INDUSTRIAL SENSORS 
           6.12.1 GROWING ADOPTION IN MANUFACTURING, ENERGY, HEALTHCARE INDUSTRIES TO FUEL MARKET GROWTH
    6.13 SCADA 
           6.13.1 INCREASING NEED TO MONITOR COMPLEX SYSTEMS IN INDUSTRIAL PLANTS TO BOOST DEMAND
    6.14 INDUSTRIAL COMMUNICATION 
           6.14.1 ASSISTANCE IN DECISION-MAKING AND PROCESS OPTIMIZATION TO DRIVE MARKET
 
7 DIGITAL THREAD MARKET, BY MODULE (Page No. - 107)
    7.1 INTRODUCTION 
    7.2 DATA COLLECTION 
           7.2.1 INCREASING DEMAND FOR UNIFIED AND REAL-TIME FLOW OF INFORMATION TO DRIVE MARKET
    7.3 DATA MANAGEMENT & INTEGRATION 
           7.3.1 RISING DEMAND FOR WELL-STRUCTURED DATA COLLECTION TO FUEL MARKET GROWTH
    7.4 CONNECTIVITY & INTEROPERABILITY 
           7.4.1 ABILITY TO OFFER SEAMLESS COMMUNICATION AND DATA EXCHANGE BETWEEN PLATFORMS AND DEVICES TO DRIVE MARKET
    7.5 ANALYTICS & VISUALIZATION 
           7.5.1 ENHANCED DECISION-MAKING AND IMPROVED OPERATIONAL EFFICIENCY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
 
8 DIGITAL THREAD MARKET, BY DEPLOYMENT (Page No. - 111)
    8.1 INTRODUCTION 
    8.2 ON-PREMISES 
           8.2.1 PRESSING NEED TO SECURE DATA TO DRIVE MARKET
    8.3 CLOUD-BASED 
           8.3.1 GROWING NEED TO REDUCE UPFRONT INVESTMENT IN IT INFRASTRUCTURE TO SPUR DEMAND
 
9 DIGITAL THREAD MARKET, BY APPLICATION (Page No. - 117)
    9.1 INTRODUCTION 
    9.2 DESIGN & ENGINEERING 
           9.2.1 REDUCED NEED FOR PHYSICAL PROTOTYPES TO BOOST DEMAND
    9.3 MANUFACTURING 
           9.3.1 INCREASING DEMAND TO ADDRESS COMPLEXITIES OF MANUFACTURING PROCESSES TO FUEL MARKET GROWTH
    9.4 DISTRIBUTION 
           9.4.1 ABILITY TO OFFER REAL-TIME PRODUCT TRACKING TO ACCELERATE DEMAND
    9.5 CUSTOMER SUPPORT 
           9.5.1 GROWING FOCUS ON ENHANCING REAL-TIME PERFORMANCE TO BOOST DEMAND
    9.6 MAINTENANCE & SERVICES 
           9.6.1 RISING EMPHASIS ON BOOSTING ASSET MANAGEMENT AND SERVICE OPERATIONS TO SPUR DEMAND
 
10 DIGITAL THREAD MARKET, BY END-USE INDUSTRY (Page No. - 121)
     10.1 INTRODUCTION 
     10.2 AUTOMOTIVE 
             10.2.1 ABILITY TO FACILITATE REAL-TIME COLLABORATION TO DRIVE MARKET
     10.3 AEROSPACE 
             10.3.1 ADOPTION OF BIG DATA AND IOT TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
     10.4 ENERGY & POWER 
             10.4.1 INTEGRATION OF IOT, AI, AND PREDICTIVE ANALYTICS FOR ENHANCED ASSET MANAGEMENT TO FUEL MARKET GROWTH
     10.5 PHARMACEUTICALS 
             10.5.1 IMPROVED DECISION-MAKING AND OPERATIONAL EFFICIENCY TO DRIVE MARKET
     10.6 MEDICAL DEVICES 
             10.6.1 ENHANCED PATIENT CARE AND DEVICE PERFORMANCE TO FUEL MARKET GROWTH
     10.7 OIL & GAS 
             10.7.1 RISING EMPHASIS ON DIGITAL TRANSFORMATION TO DRIVE MARKET
     10.8 CONSUMER GOODS 
             10.8.1 INCREASING FOCUS ON OFFERING PERSONALIZED EXPERIENCES TO BOOST DEMAND
     10.9 ELECTRONICS & SEMICONDUCTORS 
             10.9.1 GROWING DEMAND FOR ACCURATE PRODUCT DEVELOPMENT TO DRIVE MARKET
     10.10 HEAVY MACHINERY 
             10.10.1 IMPROVED VISIBILITY AND TRACEABILITY TO FUEL MARKET GROWTH
     10.11 CHEMICALS 
             10.11.1 REDUCED WASTE AND DOWNTIME TO SPUR DEMAND
     10.12 FOOD & BEVERAGES 
             10.12.1 ADOPTION OF CLOUD-BASED MANAGEMENT PLATFORMS TO FUEL MARKET GROWTH
     10.13 OTHERS 
 
11 DIGITAL THREAD MARKET, BY REGION (Page No. - 154)
     11.1 INTRODUCTION 
     11.2 NORTH AMERICA 
             11.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
             11.2.2 US
                        11.2.2.1 Growing adoption in aerospace and defense sectors to drive market
             11.2.3 CANADA
                        11.2.3.1 Government-led initiatives to boost digitalization in manufacturing industry to spur demand
             11.2.4 MEXICO
                        11.2.4.1 Rising automation in manufacturing sector to fuel market growth
     11.3 EUROPE 
             11.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
             11.3.2 UK
                        11.3.2.1 Adoption of innovative manufacturing initiatives to accelerate demand
             11.3.3 GERMANY
                        11.3.3.1 Thriving automotive and machinery sectors to spur demand
             11.3.4 FRANCE
                        11.3.4.1 Rising emphasis on developing next-generation digital factories to offer lucrative growth opportunities
             11.3.5 REST OF EUROPE
     11.4 ASIA PACIFIC 
             11.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
             11.4.2 CHINA
                        11.4.2.1 Increasing focus on smart manufacturing projects to boost demand
             11.4.3 JAPAN
                        11.4.3.1 Growing emphasis on modernizing manufacturing infrastructure to drive market
             11.4.4 SOUTH KOREA
                        11.4.4.1 Integration of digital technologies with intelligent manufacturing processes to fuel market growth
             11.4.5 INDIA
                        11.4.5.1 Rising demand for real-time monitoring and reduced manufacturing costs to drive market
             11.4.6 REST OF ASIA PACIFIC
     11.5 ROW 
             11.5.1 MACROECONOMIC OUTLOOK FOR ROW
             11.5.2 MIDDLE EAST
                        11.5.2.1 increasing partnerships among industry vendors and process licensors to boost demand
                        11.5.2.2 GCC countries
                        11.5.2.3 Rest of Middle East
             11.5.3 AFRICA
                        11.5.3.1 Rising investments in industrial automation and digital transformation to offer lucrative growth opportunities
             11.5.4 SOUTH AMERICA
                        11.5.4.1 Growing number of smart factories to fuel market growth
 
12 COMPETITIVE LANDSCAPE (Page No. - 177)
     12.1 OVERVIEW 
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 
     12.3 REVENUE ANALYSIS, 2019–2023 
     12.4 MARKET SHARE ANALYSIS, 2023 
     12.5 COMPANY VALUATION AND FINANCIAL METRICS 
     12.6 BRAND/PRODUCT COMPARISON 
     12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             12.7.1 STARS
             12.7.2 EMERGING LEADERS
             12.7.3 PERVASIVE PLAYERS
             12.7.4 PARTICIPANTS
             12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        12.7.5.1 Company footprint
                        12.7.5.2 Deployment footprint
                        12.7.5.3 Technology footprint
                        12.7.5.4 End-use industry footprint
                        12.7.5.5 Region footprint
 
             12.8.1 PROGRESSIVE COMPANIES
             12.8.2 RESPONSIVE COMPANIES
             12.8.3 DYNAMIC COMPANIES
             12.8.4 STARTING BLOCKS
             12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
                        12.8.5.1 Detailed list of key startups/SMEs
                        12.8.5.2 Competitive benchmarking of key startups/SMEs
     12.9 COMPETITIVE SCENARIO 
             12.9.1 PRODUCT LAUNCHES
             12.9.2 DEALS
 
13 COMPANY PROFILES (Page No. - 200)
     13.1 KEY PLAYERS 
             13.1.1 SIEMENS
                        13.1.1.1 Business overview
                        13.1.1.2 Products/Solutions/Services offered
                        13.1.1.3 Recent developments
                                     13.1.1.3.1 Product launches
                                     13.1.1.3.2 Deals
                        13.1.1.4 MnM view
                                     13.1.1.4.1 Key strengths/Right to win
                                     13.1.1.4.2 Strategic choices
                                     13.1.1.4.3 Weaknesses/Competitive threats
             13.1.2 PTC
                        13.1.2.1 Business overview
                        13.1.2.2 Products/Solutions/Services offered
                        13.1.2.3 Recent developments
                                     13.1.2.3.1 Deals
                        13.1.2.4 MnM view
                                     13.1.2.4.1 Key strengths/Right to win
                                     13.1.2.4.2 Strategic choices
                                     13.1.2.4.3 Weaknesses/Competitive threats
             13.1.3 DASSAULT SYSTÈMES
                        13.1.3.1 Business overview
                        13.1.3.2 Products/Solutions/Services offered
                        13.1.3.3 Recent developments
                                     13.1.3.3.1 Deals
                        13.1.3.4 MnM view
                                     13.1.3.4.1 Key strengths/Right to win
                                     13.1.3.4.2 Strategic choices
                                     13.1.3.4.3 Weaknesses/Competitive threats
             13.1.4 IBM
                        13.1.4.1 Business overview
                        13.1.4.2 Products/Solutions/Services offered
                        13.1.4.3 Recent developments
                                     13.1.4.3.1 Deals
                        13.1.4.4 MnM view
                                     13.1.4.4.1 Key strengths/Right to win
                                     13.1.4.4.2 Strategic choices
                                     13.1.4.4.3 Weaknesses/Competitive threats
             13.1.5 SAP
                        13.1.5.1 Business overview
                        13.1.5.2 Products/Solutions/Services offered
                        13.1.5.3 Recent developments
                                     13.1.5.3.1 Product launches
                                     13.1.5.3.2 Deals
                        13.1.5.4 MnM view
                                     13.1.5.4.1 Key strengths/Right to win
                                     13.1.5.4.2 Strategic choices
                                     13.1.5.4.3 Weaknesses/Competitive threats
             13.1.6 ROCKWELL AUTOMATION
                        13.1.6.1 Business overview
                        13.1.6.2 Products/Solutions/Services offered
                        13.1.6.3 Recent developments
                                     13.1.6.3.1 Deals
             13.1.7 AUTODESK INC.
                        13.1.7.1 Business overview
                        13.1.7.2 Products/Solutions/Services offered
                        13.1.7.3 Recent developments
                                     13.1.7.3.1 Product launches
                                     13.1.7.3.2 Deals
             13.1.8 ORACLE
                        13.1.8.1 Business overview
                        13.1.8.2 Products/Solutions/Services offered
                        13.1.8.3 Recent developments
                                     13.1.8.3.1 Product launches
             13.1.9 AVEVA GROUP LIMITED
                        13.1.9.1 Business overview
                        13.1.9.2 Products/Solutions/Services offered
                        13.1.9.3 Recent developments
                                     13.1.9.3.1 Product launches
             13.1.10 GENERAL ELECTRIC COMPANY
                        13.1.10.1 Business overview
                        13.1.10.2 Products/Solutions/Services offered
                        13.1.10.3 Recent developments
                                     13.1.10.3.1 Deals
     13.2 OTHER PLAYERS 
             13.2.1 ACCENTURE
             13.2.2 ANSYS, INC.
             13.2.3 TATA CONSULTANCY SERVICES LIMITED
             13.2.4 HEXAGON AB
             13.2.5 COGNIZANT
             13.2.6 DXC TECHNOLOGY COMPANY
             13.2.7 BOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED
             13.2.8 BENTLEY SYSTEMES, INCORPORATED
             13.2.9 MATTERPORT INC.
             13.2.10 HITACHI VANTARA LLC
             13.2.11 PROSTEP INC
             13.2.12 ARAS
             13.2.13 ALTAIR ENGINEERING INC.
             13.2.14 RAZORLEAF
             13.2.15 CAPGEMINI
 
14 ADJACENT MARKET (Page No. - 251)
     14.1 DIGITAL TWIN MARKET, BY ENTERPRISE 
             14.1.1 INTRODUCTION
             14.1.2 LARGE ENTERPRISES
                        14.1.2.1 Adoption of blockchain technology in healthcare and oil & gas industries to spur demand
             14.1.3 SMALL & MEDIUM ENTERPRISES
                        14.1.3.1 Improved inventory management and quick access to real-time data to fuel market growth
     15.1 INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 AUTHOR DETAILS 
 
LIST OF TABLES (211 TABLES)
 
TABLE 1 ROLES OF COMPANIES IN DIGITAL THREAD ECOSYSTEM
TABLE 2 AVERAGE SELLING PRICE TREND OF PLM OFFERED BY KEY PLAYERS, BY REGION (USD)
TABLE 3 INDICATIVE PRICING TREND, BY TECHNOLOGY (USD)
TABLE 4 DIGITAL THREAD MARKET: PORTER’S FIVE FORCES ANALYSIS
TABLE 5 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%)
TABLE 6 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
TABLE 7 IMPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 8 EXPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
TABLE 9 LIST OF APPLIED/GRANTED PATENTS RELATED TO DIGITAL THREAD MARKET, 2022–2023
TABLE 10 DIGITAL THREAD MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 DIGITAL THREAD MARKET: STANDARDS
TABLE 16 MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 17 MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 18 PLM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 19 PLM: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 20 APM: MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 21 APM: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 22 CAD: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 23 CAD: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 24 CAM: MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 25 CAM: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 26 SLM: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 27 SLM: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 28 ALM: MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 29 ALM: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 30 MRP: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 31 MRP: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 32 ERP: MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 33 ERP: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 34 MES: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 35 MES: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 36 EDGE COMPUTING: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 37 EDGE COMPUTING: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 38 INDUSTRIAL SENSORS: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 39 INDUSTRIAL SENSORS: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 40 SCADA: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 41 SCADA: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 42 INDUSTRIAL COMMUNICATION: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 43 INDUSTRIAL COMMUNICATION: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 44 DIGITAL THREAD MARKET, BY MODULE, 2022–2023 (USD MILLION)
TABLE 45 MARKET, BY MODULE, 2024–2030 (USD MILLION)
TABLE 46 MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 47 MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 48 ON-PREMISES: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 49 ON-PREMISES: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 50 CLOUD-BASED: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 51 CLOUD-BASED: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 52 DIGITAL THREAD MARKET, BY APPLICATION, 2022–2023 (USD MILLION)
TABLE 53 MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
TABLE 54 MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 55 MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 56 AUTOMOTIVE: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 57 AUTOMOTIVE: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 58 AUTOMOTIVE: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 59 AUTOMOTIVE: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 60 AUTOMOTIVE: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 61 AUTOMOTIVE: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 62 AEROSPACE: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 63 AEROSPACE: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 64 AEROSPACE: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 65 AEROSPACE: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 66 AEROSPACE: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 67 AEROSPACE: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 68 ENERGY & POWER: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 69 ENERGY & POWER: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 70 ENERGY & POWER: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 71 ENERGY & POWER: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 72 ENERGY & POWER: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 73 ENERGY & POWER: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 74 PHARMACEUTICALS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 75 PHARMACEUTICALS: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 76 PHARMACEUTICALS: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 77 PHARMACEUTICALS: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 78 PHARMACEUTICALS: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 79 PHARMACEUTICALS: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 80 MEDICAL DEVICES: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 81 MEDICAL DEVICES: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 82 MEDICAL DEVICES: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 83 MEDICAL DEVICES: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 84 MEDICAL DEVICES: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 85 MEDICAL DEVICES: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 86 OIL & GAS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 87 OIL & GAS: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 88 OIL & GAS: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 89 OIL & GAS: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 90 OIL & GAS: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 91 OIL & GAS: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 92 CONSUMER GOODS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 93 CONSUMER GOODS: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 94 CONSUMER GOODS: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 95 CONSUMER GOODS: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 96 CONSUMER GOODS: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 97 CONSUMER GOODS: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 98 ELECTRONICS & SEMICONDUCTORS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 99 ELECTRONICS & SEMICONDUCTORS: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 100 ELECTRONICS & SEMICONDUCTORS: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 101 ELECTRONICS & SEMICONDUCTORS: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 102 ELECTRONICS & SEMICONDUCTORS: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 103 ELECTRONICS & SEMICONDUCTORS: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 104 HEAVY MACHINERY: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 105 HEAVY MACHINERY: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 106 HEAVY MACHINERY: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 107 HEAVY MACHINERY: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 108 HEAVY MACHINERY: DIGITAL THREAD MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 109 HEAVY MACHINERY: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 110 CHEMICALS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 111 CHEMICALS: MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 112 CHEMICALS: MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 113 CHEMICALS: MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 114 CHEMICALS: MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 115 CHEMICALS: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 116 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 117 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 118 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 119 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 120 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 121 FOOD & BEVERAGES: DIGITAL THREAD MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 122 OTHERS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2022–2023 (USD MILLION)
TABLE 123 OTHERS: DIGITAL THREAD MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION)
TABLE 124 OTHERS: DIGITAL THREAD MARKET, BY DEPLOYMENT, 2022–2023 (USD MILLION)
TABLE 125 OTHERS: DIGITAL THREAD MARKET, BY DEPLOYMENT, 2024–2030 (USD MILLION)
TABLE 126 OTHERS: DIGITAL THREAD MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 127 OTHERS: DIGITAL THREAD MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 128 DIGITAL THREAD MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 129 DIGITAL THREAD MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 130 NORTH AMERICA: DIGITAL THREAD MARKET, BY COUNTRY, 2022–2023 (USD MILLION)
TABLE 131 NORTH AMERICA: DIGITAL THREAD MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 132 NORTH AMERICA: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 133 NORTH AMERICA: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 134 EUROPE: DIGITAL THREAD MARKET, BY COUNTRY, 2022–2023 (USD MILLION)
TABLE 135 EUROPE: DIGITAL THREAD MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 136 EUROPE: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 137 EUROPE: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 138 ASIA PACIFIC: DIGITAL THREAD MARKET, BY COUNTRY, 2022–2023 (USD MILLION)
TABLE 139 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 140 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 141 ASIA PACIFIC: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 142 ROW: DIGITAL THREAD MARKET, BY REGION, 2022–2023 (USD MILLION)
TABLE 143 ROW: MARKET, BY REGION, 2024–2030 (USD MILLION)
TABLE 144 MIDDLE EAST: DIGITAL THREAD MARKET, BY COUNTRY, 2022–2023 (USD MILLION)
TABLE 145 MIDDLE EAST: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
TABLE 146 ROW: DIGITAL THREAD MARKET, BY END-USE INDUSTRY, 2022–2023 (USD MILLION)
TABLE 147 ROW: MARKET, BY END-USE INDUSTRY, 2024–2030 (USD MILLION)
TABLE 148 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024
TABLE 149 DIGITAL THREAD MARKET: DEGREE OF COMPETITION, 2023
TABLE 150 MARKET: DEPLOYMENT FOOTPRINT
TABLE 151 MARKET: TECHNOLOGY FOOTPRINT
TABLE 152 MARKET: END-USE INDUSTRY FOOTPRINT
TABLE 153 MARKET: REGION FOOTPRINT
TABLE 154 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 155 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, 2023
TABLE 156 MARKET: PRODUCT LAUNCHES, JANUARY 2022–AUGUST 2024
TABLE 157 MARKET: DEALS, JANUARY 2022–AUGUST 2024
TABLE 158 SIEMENS: COMPANY OVERVIEW
TABLE 159 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 160 SIEMENS: PRODUCT LAUNCHES
TABLE 161 SIEMENS: DEALS
TABLE 162 PTC: COMPANY OVERVIEW
TABLE 163 PTC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 164 PTC: DEALS
TABLE 165 DASSAULT SYSTÈMES: COMPANY OVERVIEW
TABLE 166 DASSAULT SYSTÈMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 167 DASSAULT SYSTÈMES: DEALS
TABLE 168 IBM: COMPANY OVERVIEW
TABLE 169 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 170 IBM: DEALS
TABLE 171 SAP: COMPANY OVERVIEW
TABLE 172 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 173 SAP: PRODUCT LAUNCHES
TABLE 174 SAP: DEALS
TABLE 175 ROCKWELL AUTOMATION: COMPANY OVERVIEW
TABLE 176 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 177 ROCKWELL AUTOMATION: DEALS
TABLE 178 AUTODESK INC.: COMPANY OVERVIEW
TABLE 179 AUTODESK INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 180 AUTODESK INC.: PRODUCT LAUNCHES
TABLE 181 AUTODESK INC.: DEALS
TABLE 182 ORACLE: COMPANY OVERVIEW
TABLE 183 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 184 ORACLE: PRODUCT LAUNCHES
TABLE 185 AVEVA GROUP LIMITED: COMPANY OVERVIEW
TABLE 186 AVEVA GROUP LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 187 AVEVA GROUP LIMITED: PRODUCT LAUNCHES
TABLE 188 GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW
TABLE 189 GENERAL ELECTRIC COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 190 GENERAL ELECTRIC COMPANY: DEALS
TABLE 191 ACCENTURE: COMPANY OVERVIEW
TABLE 192 ANSYS, INC.: COMPANY OVERVIEW
TABLE 193 TATA CONSULTANCY SERVICES LIMITED: COMPANY OVERVIEW
TABLE 194 HEXAGON AB: COMPANY OVERVIEW
TABLE 195 COGNIZANT: COMPANY OVERVIEW
TABLE 196 DXC TECHNOLOGY COMPANY: COMPANY OVERVIEW
TABLE 197 BOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 198 BENTLY SYSTEMES, INCORPORATED: COMPANY OVERVIEW
TABLE 199 MATTERPORT INC.: COMPANY OVERVIEW
TABLE 200 HITACHI VANTARA LLC: COMPANY OVERVIEW
TABLE 201 PROSTEP INC: COMPANY OVERVIEW
TABLE 202 ARAS: COMPANY OVERVIEW
TABLE 203 ALTAIR ENGINEERING INC.: COMPANY OVERVIEW
TABLE 204 RAZORLEAF: COMPANY OVERVIEW
TABLE 205 CAPGEMINI: COMPANY OVERVIEW
TABLE 206 DIGITAL TWIN MARKET, BY ENTERPRISE, 2019–2022 (USD MILLION)
TABLE 207 DIGITAL TWIN MARKET, BY ENTERPRISE, 2023–2028 (USD MILLION)
TABLE 208 LARGE ENTERPRISES: DIGITAL TWIN MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 209 LARGE ENTERPRISES: DIGITAL TWIN MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 210 SMALL & MEDIUM ENTERPRISES: DIGITAL TWIN MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 211 SMALL & MEDIUM ENTERPRISES: DIGITAL TWIN MARKET, BY REGION, 2023–2028 (USD MILLION)
 
 
LIST OF FIGURES (71 FIGURES)
 
FIGURE 1 DIGITAL THREAD MARKET SEGMENTATION AND REGIONAL SCOPE
FIGURE 2 DIGITAL THREAD MARKET: RESEARCH DESIGN
FIGURE 3 DIGITAL THREAD MARKET: BOTTOM-UP APPROACH
FIGURE 4 DIGITAL THREAD MARKET: TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY DIGITAL THREAD PROVIDERS
FIGURE 6 DATA TRIANGULATION
FIGURE 7 CLOUD-BASED SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 8 ANALYTICS & VISUALIZATION SEGMENT TO DOMINATE MARKET IN 2030
FIGURE 9 DESIGN & ENGINEERING SEGMENT TO LEAD MARKET IN 2024
FIGURE 10 EDGE COMPUTING SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 AUTOMOTIVE SEGMENT TO DOMINATE MARKET IN 2030
FIGURE 12 NORTH AMERICA CLAIMED LARGEST MARKET SHARE IN 2023
FIGURE 13 EXPANDING PHARMACEUTICAL INDUSTRY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES
FIGURE 14 CLOUD-BASED DEPLOYMENT SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 15 ANALYTICS & VISUALIZATION SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 16 DESIGN & ENGINEERING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 17 PLM TECHNOLOGY TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 18 PHARMACEUTICALS SEGMENT TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 19 NORTH AMERICA TO SECURE LARGEST MARKET SHARE IN 2024
FIGURE 20 INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 21 DIGITAL THREAD MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 22 DIGITAL THREAD MARKET: IMPACT ANALYSIS OF DRIVERS
FIGURE 23 DIGITAL THREAD MARKET: IMPACT ANALYSIS OF RESTRAINTS
FIGURE 24 DIGITAL THREAD MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
FIGURE 25 DIGITAL THREAD MARKET: IMPACT ANALYSIS OF CHALLENGES
FIGURE 26 DIGITAL THREAD MARKET: SUPPLY CHAIN ANALYSIS
FIGURE 27 DIGITAL THREAD MARKET: ECOSYSTEM ANALYSIS
FIGURE 28 INVESTMENT AND FUNDING SCENARIO
FIGURE 29 AVERAGE SELLING PRICE TREND OF PLM OFFERED BY KEY PLAYERS, BY REGION
FIGURE 30 AVERAGE SELLING PRICE TREND OF PLM, BY REGION, 2019–2023
FIGURE 31 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 32 DIGITAL THREAD MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
FIGURE 34 BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
FIGURE 35 IMPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
FIGURE 36 EXPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
FIGURE 37 PATENTS APPLIED AND GRANTED, 2014–2023
FIGURE 38 DIGITAL THREAD USE CASES IN AI/GENERATIVE AI
FIGURE 39 IMPACT OF AI/GENERATIVE AI ON DIGITAL THREAD MARKET
FIGURE 40 EDGE COMPUTING SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 41 ANALYTICS & VISUALIZATION SEGMENT TO DOMINATE MARKET IN 2030
FIGURE 42 DIGITAL THREAD MARKET, BY DEPLOYMENT
FIGURE 43 CLOUD-BASED SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
FIGURE 44 DESIGN & ENGINEERING SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 45 DIGITAL THREAD MARKET, BY END-USE INDUSTRY
FIGURE 46 PLM TO DOMINATE MARKET IN 2030
FIGURE 47 DIGITAL THREAD MARKET, BY REGION
FIGURE 48 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 49 NORTH AMERICA: DIGITAL THREAD MARKET SNAPSHOT
FIGURE 50 EUROPE: DIGITAL THREAD MARKET SNAPSHOT
FIGURE 51 ASIA PACIFIC: DIGITAL THREAD MARKET SNAPSHOT
FIGURE 52 MIDDLE EAST TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
FIGURE 53 DIGITAL THREAD MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023
FIGURE 54 MARKET SHARE ANALYSIS OF DIGITAL THREAD PROVIDERS, 2023
FIGURE 55 COMPANY VALUATION, 2024
FIGURE 56 FINANCIAL METRICS
FIGURE 57 DIGITAL MARKET THREAD: BRAND/PRODUCT COMPARISON
FIGURE 58 DIGITAL THREAD MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 59 DIGITAL THREAD MARKET: COMPANY FOOTPRINT
FIGURE 60 DIGITAL THREAD MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
FIGURE 61 SIEMENS: COMPANY SNAPSHOT
FIGURE 62 PTC: COMPANY SNAPSHOT
FIGURE 63 DASSAULT SYSTÈMES: COMPANY SNAPSHOT
FIGURE 64 IBM: COMPANY SNAPSHOT
FIGURE 65 SAP: COMPANY SNAPSHOT
FIGURE 66 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
FIGURE 67 AUTODESK INC.: COMPANY SNAPSHOT
FIGURE 68 ORACLE: COMPANY SNAPSHOT
FIGURE 69 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT
FIGURE 70 DIGITAL TWIN MARKET, BY ENTERPRISE
FIGURE 71 SMALL & MEDIUM ENTERPRISES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
 
 

 

 

The study involves four major activities that estimate the size of the digital thread market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the digital thread market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research. The relevant data is collected from various secondary sources, it is analyzed to extract insights and information relevant to the market research objectives. This analysis has involved summarizing the data, identifying trends, and drawing conclusions based on the available information.

Primary Research

In the primary research process, numerous sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. The primary sources from the supply side included various industry experts such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from digita thread providers, (such as Capgemini, Accenture, Siemens, PTC, SAP) research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.

Digital Thread Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the digital thread market and other dependent submarkets listed in this report.

  • The key players in the industry and markets were identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • Market Size Estimation Methodology-Bottom-up approach

Bottom-Up Approach

Digital Thread Market Size, and Bottom-Up Approach

Top-Down Approach

Digital Thread Market Size, and Top-Down Approach

Data Triangulation

After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.

Market Definition

A digital thread provides a comprehensive view of a product's life cycle, starting with design and development and going all the way through manufacturing, maintenance, service, and retirement. It provides a continuous, traceable flow of information, enabling real-time access to and analysis of data from various stages and sources. This integration ensures that all stakeholders have a unified view of the product and its lifecycle, facilitating better decision-making, improving efficiency, and enhancing product quality and performance.

Stakeholders

  • End users
  • Government bodies, venture capitalists, and private equity firms
  • Digital thread solution provider
  • Digital thread service provider
  • Digital thread industry associations
  • Professional service/solution providers
  • Cloud service providers
  • Consulting firms
  • Research institutions and organizations
  • Standards organizations and regulatory authorities
  • System integrators
  • Technology consultants

The main objectives of this study are as follows:

  • To describe and forecast the digital thread market in terms of value based on technology, module, deployment, application, vertical, and region
  • To forecast the market size for various segments with regard to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries, in terms of value
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide a detailed overview of the value chain of the digital thread ecosystem
  • To provide a detailed analysis of the impact of the AI on the digital thread market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities for stakeholders and details of the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies2
  • To analyze the major growth strategies implemented by key market players, such as contracts, agreements, acquisitions, product launches, expansions, and partnerships

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Country-wise Information:

  • Analysis for additional countries (up to five)

Company Information:

  • Detailed analysis and profiling of different market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 9157
Published ON
Sep, 2024
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