The digital thread market size is projected to expand at a robust CAGR of 21.9% from 2025 to 2034. The market for digital threads was valued at USD 12.04 billion in 2024 and is anticipated to reach USD 87.01 billion by 2034.
What Is Digital Thread?
A digital thread, also known as a digital chain, is the use of digital tools for keeping a record of a product or system's lifetime. It gathers and shares data across processes, from design to production, sale, use, and disposal. With a digital thread, organizations can break down silos, streamline operations, and achieve interoperability across teams and departments. Also, it improves enterprise collaboration and fosters informed decision-making. Besides, a digital thread helps speed up the introduction of new products and manage complexity. Digital thread finds applications across several sectors, including automotive, aerospace, energy and power, pharmaceutical, oil and gas, consumer goods, and others.
Digital Thread Market to Reach USD 87.01 Billion By 2034, at a 21.9?GR by 2034 | PMR