The need for digital transformation is driving the business development of industrial software enterprises.

“Many businesses are now accelerating their digital transformation, and our business is growing with this demand. Everyone needs software services, and that’s why we’ve grown globally and in China over the past five years.” Tony Hemmelgarn, president and CEO of Siemens Digital Industrial Software, said in an interview with CBN and other media during the Siemens 2024 Greater China Realize LIVE user conference.

2711P-T10C4D8 “The company has helped domestic automotive, new energy, FMCG and many other industries to achieve digital disruption.” Liang Naiming, senior vice president and managing director of Greater China of the company, said that with the acceleration of a new round of scientific and technological revolution and industrial change, the domestic industrial digital transformation is rapidly upgrading, and digital twins, as the core technology of digital-real integration, have entered the “deep water zone” of application.

“Chinese customers are very receptive to new technology, they have no baggage and are willing to be the first to eat crabs.” New energy vehicles are a good example, and we want to make digital transformation faster through the continuous use of new technologies.” Liang Naiming said.

In terms of the future market trend of China’s industrial software, Liang Naiming believes that the company’s customers are increasingly demanding their products, both from the perspective of quality and from the perspective of innovation. More and more Chinese customers are investing in this area or investing more and more in research and development, and the demand for industrial software is also increasing.

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Talking about the future investment strategy and planning of Siemens and Siemens Digital Industry Software Group in China, Tony Hemmelgarn told the first Financial reporter that the future investment strategy will focus on a comprehensive “digital twin”, on the one hand through natural growth, on the other hand through mergers and acquisitions to expand the company’s product line.

2711P-T10C4D8 In April this year, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the People’s Bank of China, the State Administration of Taxation, the General Administration of Market Supervision, the General Administration of Financial Supervision and other seven departments jointly issued the “Implementation Plan for Promoting Industrial equipment Renewal” (hereinafter referred to as the “Plan”).

The “plan” proposes that by 2027, the scale of industrial equipment investment will increase by more than 25% compared with 2023, the penetration rate of digital R & D and design tools of industrial enterprises above designated size, and the numerical control rate of key processes will exceed 90% and 75%, respectively, and the digital transformation of industrial enterprises will be fully covered in large industrial provinces and cities and key parks.