From smart buildings to digital health to factory & process automation, here’s how Siemens is being unbundled.
Siemens is one of the most well-known multinational corporations, and it has a deep history in technology development.
While the company’s revenue dropped from 2018 to 2020, it rebounded to surpass $68B in 2021. This growth has largely been driven by the decreasing cost of electronics, the company’s sustainability initiatives, and the pandemic-induced rise in demand for industrial equipment, automation, and other technologies central to digital transformation.
Although the German conglomerate has a product portfolio equipped to meet this demand, companies are proving to challenge its position across a number of areas — such as energy usage monitoring, cybersecurity, and digital health.