Summary

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.

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Table of Contents

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
 
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
 
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
 
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 SYSTÈMES 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