Siemens AG projects its online industrial app store will more than double revenue this year as the conglomerate accelerates its pivot toward software and technology services.
The German industrial giant expects significant growth from the platform, though it has not released specific financial targets or metrics to publicly track its transformation into a tech-focused company.
Siemens operates across industrial software, automation, and hardware manufacturing, including train production. The app store represents a key component of its strategy to expand recurring software revenue and reduce reliance on traditional equipment sales.
The revenue projection underscores growing demand for industrial software solutions and digital platforms. However, Siemens' reluctance to disclose concrete figures limits transparency around the initiative's actual scale and performance against stated goals.
The company joins other industrial manufacturers in recognizing software and digital services as high-margin growth opportunities. Whether the app store can sustain this trajectory remains dependent on customer adoption rates and the competitiveness of its offerings against established players in the industrial software market.
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