There are several markets that have seen tremendous growth in digitizing their operations such as pharmaceuticals, oil & gas, utilities, power, and EPCs. Much of the growth has been in the major tier companies and that is expected to continue in the near future as these companies usually already have personnel resources in place to implement a digital transformation initiative. But that trend is starting to shift to small and medium size companies as the cost of implementation is getting lower due to reduced cost for applications, hardware, and cloud computing.
There has also been an increased demand for digitizing operations due to the new normal of working remotely because of the Covid-19 epidemic. Those companies who had already started their digital transformation saw very little change in production or in many cases saw increased production. Through implementation of digital twin technologies, connected worker technologies, and cloud computing, companies of all sizes are realizing the benefits and ROI in digitizing operations.