Digital thread is usually mentioned with digital twin, they are two concepts to deliver new customer-centric experiences powered by digital. Digital thread refers to the communication framework that allows a connected data flow and integrated view of the asset's data throughout its lifecycle across traditionally siloed functional perspectives. The digital thread concept raises the bar for delivering "the right information to the right place at the right time."
Digital Thread can be classified to parts type and system type, parts type players are like Siemens and IBM, system players are like GE.
Digital Thread is first used for Aerospace & Defense, but it can be used for Automotive & Transportation, Machine Manufacturing, Energy & Utilities, and Other industry. And Automotive & Transportation, Machine Manufacturing, Energy & Utilities are the widest area which took up about 85% of the global total in 2017.
GE, PTC, Siemens, Dassault Syst?mes, IBM and Oracle are the key suppliers in the global Digital Thread market. Top 3 took up above 70% of the global market in 2017.
According to this study, over the next five years the Digital Thread market will register a 49.6% CAGR in terms of revenue, the global market size will reach US$ 1110 million by 2024, from US$ 100 million in 2019. In particular, this report presents the global revenue market share of key companies in Digital Thread business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Digital Thread market by product type, application, key companies and key regions.
This study considers the Digital Thread value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3: and forecast to 2024 in section 10.7.
Parts Type
System Type
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4: and forecast to 2024 in section 10.8.
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
General Electric
PTC
Siemens
Dassault Syst?mes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Digital Thread market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Digital Thread market by identifying its various subsegments.
Focuses on the key global Digital Thread players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Digital Thread with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Digital Thread submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
