Siemens’ Media and Analyst Conference Highlights and Key Takeaways: Digital Twin, SaaS, and Sustainability

Subscribe To Read This Insight

By Ryan Martin | 2Q 2022 | IN-6525

 

Open, Integrated, Easy

NEWS


Siemens’ 2022 Media and Analyst Conference, held at the start of April in Detroit, provided a state of the union on digital transformation in manufacturing and opportunity for a deeper dive on key focus areas including digital twin, Software-as-a-Service (SaaS), and sustainability. Siemens also highlighted how a range of companies are using Siemens’ software to create and leverage new innovative solutions; announced the expansion of Xcelerator as a Service with the addition of NX X (cloud-based Computer Aided Design (CAD) software); and emphasized its ongoing and accelerated transition to SaaS with more than US$200 million in cloud-related Annual Recurring Revenue (ARR) as of the end of Q1 FY2022, equaling 6% of total ARR.

Why SaaS

IMPACT


Siemens began its transition to a SaaS-led business and introduced Xcelerator-as-a-Service (XaaS) last year (see Siemens Xcelerator Portfolio Graduates to Software-as-a-Service). Xcelerator is Siemens’ integrated portfolio of software, services, and an application development platform, desig…

You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.

Services