Global Digital Thread Supply, Demand and Key Producers, 2023-2029
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Published Date: 29 Jun 2023
Category: Service & Software
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- Description
- Table of Contents
- Table of Figures
- Research Methodology
- Companies Mentioned
- Related Reports
- Product Tags
Description
The global Digital Thread market size is expected to reach $ 1582.9 million by 2029, rising at a market growth of 10.0% CAGR during the forecast period (2023-2029).
Global 5 largest manufacturers of Digital Thread are PTC, Dassault Systèmes, Siemens, General Electric and ANSYS, which make up over 75%. Among them, PTC is the leader with about 25% market share.
North America is the largest market, with a share about 50%, followed by Europe and Asia-Pacific, with the share about 32% and 15%. In terms of product type, System Type occupies the largest share of the total market, about 55%. And in terms of application, the largest application is Machine Manufacturing, followed by Aerospace & Defense.
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.”
This report studies the global Digital Thread demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Digital Thread, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Digital Thread that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Digital Thread total market, 2018-2029, (USD Million)
Global Digital Thread total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Digital Thread total market, key domestic companies and share, (USD Million)
Global Digital Thread revenue by player and market share 2018-2023, (USD Million)
Global Digital Thread total market by Type, CAGR, 2018-2029, (USD Million)
Global Digital Thread total market by Application, CAGR, 2018-2029, (USD Million).
This reports profiles major players in the global Digital Thread market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation, ANSYS, SAP and Oracle Corporation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Digital Thread market.
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.
Global Digital Thread Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Digital Thread Market, Segmentation by Type
System Type
Parts Type
Global Digital Thread Market, Segmentation by Application
Aerospace and Defense
Automotive and Transportation
Machine Manufacturing
Energy and Utilities
Others
Companies Profiled:
General Electric
PTC
Siemens
Dassault Systèmes
IBM Corporation
ANSYS
SAP
Oracle Corporation
Key Questions Answered
1. How big is the global Digital Thread market?
2. What is the demand of the global Digital Thread market?
3. What is the year over year growth of the global Digital Thread market?
4. What is the total value of the global Digital Thread market?
5. Who are the major players in the global Digital Thread market?
6. What are the growth factors driving the market demand?
Table of Contents
1 Supply Summary
1.1 Digital Thread Introduction
1.2 World Digital Thread Market Size & Forecast (2018 & 2022 & 2029)
1.3 World Digital Thread Total Market by Region (by Headquarter Location)
1.3.1 World Digital Thread Market Size by Region (2018-2029), (by Headquarter Location)
1.3.2 United States Digital Thread Market Size (2018-2029)
1.3.3 China Digital Thread Market Size (2018-2029)
1.3.4 Europe Digital Thread Market Size (2018-2029)
1.3.5 Japan Digital Thread Market Size (2018-2029)
1.3.6 South Korea Digital Thread Market Size (2018-2029)
1.3.7 ASEAN Digital Thread Market Size (2018-2029)
1.3.8 India Digital Thread Market Size (2018-2029)
1.4 Market Drivers, Restraints and Trends
1.4.1 Digital Thread Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Digital Thread Major Market Trends
1.5 Influence of COVID-19 and Russia-Ukraine War
1.5.1 Influence of COVID-19
1.5.2 Influence of Russia-Ukraine War
2 Demand Summary
2.1 World Digital Thread Consumption Value (2018-2029)
2.2 World Digital Thread Consumption Value by Region
2.2.1 World Digital Thread Consumption Value by Region (2018-2023)
2.2.2 World Digital Thread Consumption Value Forecast by Region (2024-2029)
2.3 United States Digital Thread Consumption Value (2018-2029)
2.4 China Digital Thread Consumption Value (2018-2029)
2.5 Europe Digital Thread Consumption Value (2018-2029)
2.6 Japan Digital Thread Consumption Value (2018-2029)
2.7 South Korea Digital Thread Consumption Value (2018-2029)
2.8 ASEAN Digital Thread Consumption Value (2018-2029)
2.9 India Digital Thread Consumption Value (2018-2029)
3 World Digital Thread Companies Competitive Analysis
3.1 World Digital Thread Revenue by Player (2018-2023)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Digital Thread Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Digital Thread in 2022
3.2.3 Global Concentration Ratios (CR8) for Digital Thread in 2022
3.3 Digital Thread Company Evaluation Quadrant
3.4 Digital Thread Market: Overall Company Footprint Analysis
3.4.1 Digital Thread Market: Region Footprint
3.4.2 Digital Thread Market: Company Product Type Footprint
3.4.3 Digital Thread Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity
4 United States VS China VS Rest of the World (by Headquarter Location)
4.1 United States VS China: Digital Thread Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Digital Thread Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
4.1.2 United States VS China: Digital Thread Revenue Market Share Comparison (2018 & 2022 & 2029)
4.2 United States Based Companies VS China Based Companies: Digital Thread Consumption Value Comparison
4.2.1 United States VS China: Digital Thread Consumption Value Comparison (2018 & 2022 & 2029)
4.2.2 United States VS China: Digital Thread Consumption Value Market Share Comparison (2018 & 2022 & 2029)
4.3 United States Based Digital Thread Companies and Market Share, 2018-2023
4.3.1 United States Based Digital Thread Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Digital Thread Revenue, (2018-2023)
4.4 China Based Companies Digital Thread Revenue and Market Share, 2018-2023
4.4.1 China Based Digital Thread Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Digital Thread Revenue, (2018-2023)
4.5 Rest of World Based Digital Thread Companies and Market Share, 2018-2023
4.5.1 Rest of World Based Digital Thread Companies, Headquarters (States, Country)
4.5.2 Rest of World Based Companies Digital Thread Revenue, (2018-2023)
5 Market Analysis by Type
5.1 World Digital Thread Market Size Overview by Type: 2018 VS 2022 VS 2029
5.2 Segment Introduction by Type
5.2.1 System Type
5.2.2 Parts Type
5.3 Market Segment by Type
5.3.1 World Digital Thread Market Size by Type (2018-2023)
5.3.2 World Digital Thread Market Size by Type (2024-2029)
5.3.3 World Digital Thread Market Size Market Share by Type (2018-2029)
6 Market Analysis by Application
6.1 World Digital Thread Market Size Overview by Application: 2018 VS 2022 VS 2029
6.2 Segment Introduction by Application
6.2.1 Aerospace and Defense
6.2.2 Automotive and Transportation
6.2.3 Machine Manufacturing
6.2.4 Energy and Utilities
6.2.5 Energy and Utilities
6.3 Market Segment by Application
6.3.1 World Digital Thread Market Size by Application (2018-2023)
6.3.2 World Digital Thread Market Size by Application (2024-2029)
6.3.3 World Digital Thread Market Size by Application (2018-2029)
7 Company Profiles
7.1 General Electric
7.1.1 General Electric Details
7.1.2 General Electric Major Business
7.1.3 General Electric Digital Thread Product and Services
7.1.4 General Electric Digital Thread Revenue, Gross Margin and Market Share (2018-2023)
7.1.5 General Electric Recent Developments/Updates
7.1.6 General Electric Competitive Strengths & Weaknesses
7.2 PTC
7.2.1 PTC Details
7.2.2 PTC Major Business
7.2.3 PTC Digital Thread Product and Services
7.2.4 PTC Digital Thread Revenue, Gross Margin and Market Share (2018-2023)
7.2.5 PTC Recent Developments/Updates
7.2.6 PTC Competitive Strengths & Weaknesses
7.3 Siemens
7.3.1 Siemens Details
7.3.2 Siemens Major Business
7.3.3 Siemens Digital Thread Product and Services
7.3.4 Siemens Digital Thread Revenue, Gross Margin and Market Share (2018-2023)
7.3.5 Siemens Recent Developments/Updates
7.3.6 Siemens Competitive Strengths & Weaknesses
7.4 Dassault Systèmes
7.4.1 Dassault Systèmes Details
7.4.2 Dassault Systèmes Major Business
7.4.3 Dassault Systèmes Digital Thread Product and Services
7.4.4 Dassault Systèmes Digital Thread Revenue, Gross Margin and Market Share (2018-2023)
7.4.5 Dassault Systèmes Recent Developments/Updates
7.4.6 Dassault Systèmes Competitive Strengths & Weaknesses
7.5 IBM Corporation
7.5.1 IBM Corporation Details
7.5.2 IBM Corporation Major Business
7.5.3 IBM Corporation Digital Thread Product and Services
7.5.4 IBM Corporation Digital Thread Revenue, Gross Margin and Market Share (2018-2023)
7.5.5 IBM Corporation Recent Developments/Updates
7.5.6 IBM Corporation Competitive Strengths & Weaknesses
7.6 ANSYS
7.6.1 ANSYS Details
7.6.2 ANSYS Major Business
7.6.3 ANSYS Digital Thread Product and Services
7.6.4 ANSYS Digital Thread Revenue, Gross Margin and Market Share (2018-2023)
7.6.5 ANSYS Recent Developments/Updates
7.6.6 ANSYS Competitive Strengths & Weaknesses
7.7 SAP
7.7.1 SAP Details
7.7.2 SAP Major Business
7.7.3 SAP Digital Thread Product and Services
7.7.4 SAP Digital Thread Revenue, Gross Margin and Market Share (2018-2023)
7.7.5 SAP Recent Developments/Updates
7.7.6 SAP Competitive Strengths & Weaknesses
7.8 Oracle Corporation
7.8.1 Oracle Corporation Details
7.8.2 Oracle Corporation Major Business
7.8.3 Oracle Corporation Digital Thread Product and Services
7.8.4 Oracle Corporation Digital Thread Revenue, Gross Margin and Market Share (2018-2023)
7.8.5 Oracle Corporation Recent Developments/Updates
7.8.6 Oracle Corporation Competitive Strengths & Weaknesses
8 Industry Chain Analysis
8.1 Digital Thread Industry Chain
8.2 Digital Thread Upstream Analysis
8.3 Digital Thread Midstream Analysis
8.4 Digital Thread Downstream Analysis
9 Research Findings and Conclusion
10 Appendix
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
Table of Figures
List of Tables
Table 1. World Digital Thread Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
Table 2. World Digital Thread Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
Table 3. World Digital Thread Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
Table 4. World Digital Thread Revenue Market Share by Region (2018-2023), (by Headquarter Location)
Table 5. World Digital Thread Revenue Market Share by Region (2024-2029), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Digital Thread Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
Table 8. World Digital Thread Consumption Value by Region (2018-2023) & (USD Million)
Table 9. World Digital Thread Consumption Value Forecast by Region (2024-2029) & (USD Million)
Table 10. World Digital Thread Revenue by Player (2018-2023) & (USD Million)
Table 11. Revenue Market Share of Key Digital Thread Players in 2022
Table 12. World Digital Thread Industry Rank of Major Player, Based on Revenue in 2022
Table 13. Global Digital Thread Company Evaluation Quadrant
Table 14. Head Office of Key Digital Thread Player
Table 15. Digital Thread Market: Company Product Type Footprint
Table 16. Digital Thread Market: Company Product Application Footprint
Table 17. Digital Thread Mergers & Acquisitions Activity
Table 18. United States VS China Digital Thread Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
Table 19. United States VS China Digital Thread Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
Table 20. United States Based Digital Thread Companies, Headquarters (States, Country)
Table 21. United States Based Companies Digital Thread Revenue, (2018-2023) & (USD Million)
Table 22. United States Based Companies Digital Thread Revenue Market Share (2018-2023)
Table 23. China Based Digital Thread Companies, Headquarters (Province, Country)
Table 24. China Based Companies Digital Thread Revenue, (2018-2023) & (USD Million)
Table 25. China Based Companies Digital Thread Revenue Market Share (2018-2023)
Table 26. Rest of World Based Digital Thread Companies, Headquarters (States, Country)
Table 27. Rest of World Based Companies Digital Thread Revenue, (2018-2023) & (USD Million)
Table 28. Rest of World Based Companies Digital Thread Revenue Market Share (2018-2023)
Table 29. World Digital Thread Market Size by Type, (USD Million), 2018 & 2022 & 2029
Table 30. World Digital Thread Market Size by Type (2018-2023) & (USD Million)
Table 31. World Digital Thread Market Size by Type (2024-2029) & (USD Million)
Table 32. World Digital Thread Market Size by Application, (USD Million), 2018 & 2022 & 2029
Table 33. World Digital Thread Market Size by Application (2018-2023) & (USD Million)
Table 34. World Digital Thread Market Size by Application (2024-2029) & (USD Million)
Table 35. General Electric Basic Information, Area Served and Competitors
Table 36. General Electric Major Business
Table 37. General Electric Digital Thread Product and Services
Table 38. General Electric Digital Thread Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 39. General Electric Recent Developments/Updates
Table 40. General Electric Competitive Strengths & Weaknesses
Table 41. PTC Basic Information, Area Served and Competitors
Table 42. PTC Major Business
Table 43. PTC Digital Thread Product and Services
Table 44. PTC Digital Thread Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 45. PTC Recent Developments/Updates
Table 46. PTC Competitive Strengths & Weaknesses
Table 47. Siemens Basic Information, Area Served and Competitors
Table 48. Siemens Major Business
Table 49. Siemens Digital Thread Product and Services
Table 50. Siemens Digital Thread Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 51. Siemens Recent Developments/Updates
Table 52. Siemens Competitive Strengths & Weaknesses
Table 53. Dassault Systèmes Basic Information, Area Served and Competitors
Table 54. Dassault Systèmes Major Business
Table 55. Dassault Systèmes Digital Thread Product and Services
Table 56. Dassault Systèmes Digital Thread Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 57. Dassault Systèmes Recent Developments/Updates
Table 58. Dassault Systèmes Competitive Strengths & Weaknesses
Table 59. IBM Corporation Basic Information, Area Served and Competitors
Table 60. IBM Corporation Major Business
Table 61. IBM Corporation Digital Thread Product and Services
Table 62. IBM Corporation Digital Thread Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 63. IBM Corporation Recent Developments/Updates
Table 64. IBM Corporation Competitive Strengths & Weaknesses
Table 65. ANSYS Basic Information, Area Served and Competitors
Table 66. ANSYS Major Business
Table 67. ANSYS Digital Thread Product and Services
Table 68. ANSYS Digital Thread Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 69. ANSYS Recent Developments/Updates
Table 70. ANSYS Competitive Strengths & Weaknesses
Table 71. SAP Basic Information, Area Served and Competitors
Table 72. SAP Major Business
Table 73. SAP Digital Thread Product and Services
Table 74. SAP Digital Thread Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 75. SAP Recent Developments/Updates
Table 76. Oracle Corporation Basic Information, Area Served and Competitors
Table 77. Oracle Corporation Major Business
Table 78. Oracle Corporation Digital Thread Product and Services
Table 79. Oracle Corporation Digital Thread Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
Table 80. Global Key Players of Digital Thread Upstream (Raw Materials)
Table 81. Digital Thread Typical Customers
List of Figure
Figure 1. Digital Thread Picture
Figure 2. World Digital Thread Total Market Size: 2018 & 2022 & 2029, (USD Million)
Figure 3. World Digital Thread Total Market Size (2018-2029) & (USD Million)
Figure 4. World Digital Thread Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
Figure 5. World Digital Thread Revenue Market Share by Region (2018-2029), (by Headquarter Location)
Figure 6. United States Based Company Digital Thread Revenue (2018-2029) & (USD Million)
Figure 7. China Based Company Digital Thread Revenue (2018-2029) & (USD Million)
Figure 8. Europe Based Company Digital Thread Revenue (2018-2029) & (USD Million)
Figure 9. Japan Based Company Digital Thread Revenue (2018-2029) & (USD Million)
Figure 10. South Korea Based Company Digital Thread Revenue (2018-2029) & (USD Million)
Figure 11. ASEAN Based Company Digital Thread Revenue (2018-2029) & (USD Million)
Figure 12. India Based Company Digital Thread Revenue (2018-2029) & (USD Million)
Figure 13. Digital Thread Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Digital Thread Consumption Value (2018-2029) & (USD Million)
Figure 16. World Digital Thread Consumption Value Market Share by Region (2018-2029)
Figure 17. United States Digital Thread Consumption Value (2018-2029) & (USD Million)
Figure 18. China Digital Thread Consumption Value (2018-2029) & (USD Million)
Figure 19. Europe Digital Thread Consumption Value (2018-2029) & (USD Million)
Figure 20. Japan Digital Thread Consumption Value (2018-2029) & (USD Million)
Figure 21. South Korea Digital Thread Consumption Value (2018-2029) & (USD Million)
Figure 22. ASEAN Digital Thread Consumption Value (2018-2029) & (USD Million)
Figure 23. India Digital Thread Consumption Value (2018-2029) & (USD Million)
Figure 24. Producer Shipments of Digital Thread by Player Revenue ($MM) and Market Share (%): 2022
Figure 25. Global Four-firm Concentration Ratios (CR4) for Digital Thread Markets in 2022
Figure 26. Global Four-firm Concentration Ratios (CR8) for Digital Thread Markets in 2022
Figure 27. United States VS China: Digital Thread Revenue Market Share Comparison (2018 & 2022 & 2029)
Figure 28. United States VS China: Digital Thread Consumption Value Market Share Comparison (2018 & 2022 & 2029)
Figure 29. World Digital Thread Market Size by Type, (USD Million), 2018 & 2022 & 2029
Figure 30. World Digital Thread Market Size Market Share by Type in 2022
Figure 31. System Type
Figure 32. Parts Type
Figure 33. World Digital Thread Market Size Market Share by Type (2018-2029)
Figure 34. World Digital Thread Market Size by Application, (USD Million), 2018 & 2022 & 2029
Figure 35. World Digital Thread Market Size Market Share by Application in 2022
Figure 36. Aerospace and Defense
Figure 37. Automotive and Transportation
Figure 38. Machine Manufacturing
Figure 39. Energy and Utilities
Figure 40. Others
Figure 41. Digital Thread Industrial Chain
Figure 42. Methodology
Figure 43. Research Process and Data Source
Research Methodology
Client Requirements
Review and analyze client requirements
Discussion of all the project requirements and queries
Flexibility Check
Project Feasibility Analysis
Finalizing tentative research programme
Structuring project proposal with scope, timeline, and costs
Analyzing Market Dynamics
Determination of key drivers, restraints, challenge, and opportunity
Identifies market needs and trends
Market Size Estimation & Forecast
Estimation of historical data based on secondary and primary data
Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)
Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies
Consideration of geography, region-specific product/service demand for region segments
Consideration of product utilization rates, product demand outlook for segments by application or end-user.
Data Source
Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports,
paid database, press releases, blogs, newsletters,and GIR repositories.
Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts
to verify insights.
Validation
and
triangulation of
secondary and primary source.
Collection of data
Cumulating and collating the essential qualitative and quantitative data
Generation of report in client requested format by research analysts
Reviews by expert analysts
Final quality check
Clarifying queries
Receiving feedback
Ensuring satisfaction
01 Identification of data
This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic
This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data
This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data
This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis
This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.
Companies Mentioned
General Electric PTC Siemens Dassault Systèmes IBM Corporation ANSYS SAP Oracle Corporation
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