Siemens Xcelerator open digital business platform relaunched

As part of this launch, Siemens confirms its digital business growth target of approximately 10% CAGR over the business cycle, as announced at last year's Capital Markets Day event. in fiscal year 2021. Siemens' digital business will generate revenues of €5.6 billion. The launch of the Siemens Xcelerator platform not only aligns with Siemens' transformation to an “as-a-service” model, but will also support the achievement of annual recurring revenue growth targets.

This is an imperative step in the implementation of our digitalization strategy to accelerate innovation and value creation,” said Bohlein. Based on the Siemens Xcelerator open digital business platform, Siemens as a focused technology company will synergize with a thriving ecosystem to empower companies to easily start their digital transformation, enabling customers of all sizes to benefit from the speed and scale of transformation.”