What Happened
Cloud-Native PLM and IIoT Drive Industry Growth
The digital thread market is projected to grow from $14.91 billion in 2025 to $29.26 billion by 2031, driven by the adoption of cloud-native Product Lifecycle Management (PLM) solutions and Industrial Internet of Things (IIoT) integration. This growth reflects the increasing need for connected data flows across product lifecycles, helping organizations improve traceability, compliance, and operational efficiency. The market expansion is also influenced by regulatory requirements around traceability and sustainability, with key players including Dassault Systèmes SE, Aras Corporation, and Rockwell Automation, Inc. This information was reported by Mordor Intelligence.