Xcelerator drives Siemens’ industrial software success

Siemens is relying on its digital platform, Xcelerator, to drive future growth, especially in its factory automation business, which has faced slowing demand in China and Europe. Despite lowering its full-year sales forecast, Siemens reported an 82% jump in industrial software sales for the three months ending in June, mainly due to Xcelerator’s offerings, according to Peter Koerte, the company’s chief technology and strategy officer.

Xcelerator, launched in 2022, is a cloud-based platform that delivers hardware and digital services to a global customer base, boasting over a million monthly users. Siemens’ divisions, including mobility, smart infrastructure, and digital industries, leverage its offerings to enhance its operations. The platform collaborates with 400 partner companies, providing more than 900 solutions worldwide. However, Siemens has not disclosed specific financial figures for Xcelerator.

Xcelerator has achieved significant success in key markets, including China, India, Germany, and the US. Its advanced capabilities have enabled Siemens to secure major contracts, such as an order for 90 regional trains from Deutsche Bahn in August. By analysing data from these trains, Xcelerator enhances maintenance practices, boosts energy efficiency, and improves punctuality, showcasing its effectiveness in integrating digital and physical services to address customer needs.