Pune, India -- (SBWIRE) -- 03/12/2019 -- Industry Overview of Digital Thread Market
Comprehensive analysis of the Digital Thread Market 2019-2024 Report Understand the entire scenario of the Industry. Data was accurately examined using effective qualitative and quantitative analysis techniques. It focuses on the recent development of top-tier industries to help provide guidance for industry growth. It provides various parameters that are the basic roots of your business such as vendors, sellers, and investors. It focuses on a global scale and structure to understand the existing structures of different industries.
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.
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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.
The key manufacturers covered in this report: General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation,ANSYS, Microsoft Corporation, Oracle Corporation
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
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What are the influencing factors that are mentioned in the report?
Key Market Dynamics: The Global Digital Thread Market research report provides thorough forecasts on the latest market trends, development patterns, and research methodologies. Some of the factors that are directly influencing the market include the production strategies and methodologies, development platforms, and the product model itself, and even a minute change within the product profile would result in massive changes within the above mentioned factors. All of these factors are explained in detail in the research study.
Major Growth Prospects: The report also focuses on some of the key growth prospect, including new product launches, M&A, R&D, joint ventures, collaborations, agreements, partnerships, and growth of the key players functioning in the market, both in terms of regional and global scale.
Analytical Tools: The Global Digital Thread Market report includes the precisely studied and evaluated data of the major market participants and their market scope using a number of analytical tools. The analytical tools include Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis, which have been used to study the growth of the key players operating in the market.
Potential Customers: The Digital Thread Market report provides noteworthy insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluating and self-studying this market.
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At last, It includes the methodical description of the various factors such as the Digital Thread market growth and a detailed information about the different company's revenue, growth, technological developments, production and the various other strategic developments.
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