What Happened
Cloud-Native PLM Adoption and IIoT Integration Drive Growth
The digital thread market is projected to grow from $14.91 billion in 2025 to $29.26 billion by 2031, at a CAGR of 11.64%. This growth is driven by the increasing need for connected data flows across product lifecycles, as well as the adoption of cloud-native Product Lifecycle Management (PLM) solutions and Industrial Internet of Things (IIoT) integration. The market is expanding beyond traditional aerospace applications into industries such as healthcare, automotive, and industrial machinery. According to Mordor Intelligence, the digital thread market is expected to continue growing, driven by regulatory requirements, affordable IIoT sensors, and AI-enabled data annotation. This article was first reported by Unknown Source.