Hexagon Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

295 Hexagon

Hexagon Strengths, Domain Expertise, and Key Differentiators

Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. It putts data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications. The technologies are shaping production and people-related ecosystems to become increasingly connected and autonomous — ensuring a scalable, sustainable future.

Hexagon operates through two main segments: Geospatial Enterprise Solutions and Industrial Enterprise Solutions.

The Geospatial Enterprise Solutions segment provides sensors for data capture from land and air, along with satellite-based positioning sensors. This data is processed using GIS software to create 3D maps and models used in various applications like surveying, construction, public safety, and agriculture.

On the other hand, the Industrial Enterprise Solutions segment offers metrology systems with advanced sensor technology for precise measurements, along with CAD and CAM software. These solutions optimize design, processes, and throughput in manufacturing, and manage asset information crucial for industries like automotive, aerospace, and oil and gas.

These segments have separate product offerings and customer bases, resulting in distinct risk compositions. While there's minimal overlap in sales between the two segments, both adhere to the same accounting principles as the group. Hexagon's internal reporting is structured according to these segments, with additional geographic analysis conducted within each segment.

Hexagon Recent Developments

November 2023 brought the release of HxGN Additive Manufacturing Suite and Nexus Connected Worker, supporting AM adoption and providing real-time manufacturing insights respectively.

October 2023 saw the launch of LocLab Cloud, offering secure 3D digital twin management, while Leica Geosystems announced the BLK2GO PULSE laser scanner.

In September 2023, HxGN Mould & Die and HxGN Production Machining suites were released, empowering manufacturers with efficient CAD/CAM tools.

In July 2023, Hexagon's Manufacturing Intelligence division unveiled OPTIV Scope, a vision Coordinate Measuring Machine enhancing quality inspection efficiency.

In June 2023, Hexagon's Manufacturing Intelligence division introduced Nexus for Developers, enabling the creation of SaaS applications for engineering and manufacturing. Additionally, Reality Cloud Studio, powered by HxDR, simplified reality capture data processing. The Asset Lifecycle Intelligence division released AcceleratorKMS 4.0, enhancing digital twin views and human interaction in the field, alongside AcceleratorLXP for improved learner experiences. Hexagon's Geosystems division launched HxGN AEC Project Viewer, a cloud-based software for project data visualization and control.

In February 2023, Hexagon's Manufacturing Intelligence division launched Nexus, its digital reality platform. Nexus leverages cloud technologies to facilitate real-time collaboration across the product lifecycle, from design and engineering to production and quality control. This enables global teams to work together efficiently, solving design and manufacturing challenges collaboratively and speeding up time to market.

In July 2022, Hexagon’s Safety, Infrastructure & Geospatial division announced the rebrand of its portfolio of infrastructure solutions to HxGN NetWorks. The new name signifies the cohesive, integrated offerings within the portfolio and symbolizes Hexagon’s continued dedication to advancing technology that supports critical infrastructure across the globe.

In June 2022, Hexagon unveiled Nexus, a platform to connect siloed engineering and unlock smart manufacturing innovation. It will connect different applications to form workflows, and combine technologies to develop unique solutions to engineering and manufacturing problems, from concept to delivery. It will empower cross-functional teams to leverage fragmented digital data by improving visibility and connectivity, and help them gain unprecedented insight, bring their ideas to life faster, and produce higher quality results.

In June 2022, Hexagon announced that Paolo Guglielmini will succeed Ola Rollén as President and CEO of Hexagon AB, effective 31 December 2022.

Hexagon Mergers and Acquisitions (M&A) Activities

During the full year 2023, Hexagon acquired the following companies: LocLab, a leader in 3D digital twin content creation, Projectmates, provider of SaaS-based enterprise construction project management software, Comernal Software, a software development center, Qognify, a leading provider of physical security and enterprise incident management software solutions, Cads Additive, a provider of specialised software for metal additive manufacturing (AM), HARD-LINE, a global leader in mine automation, remote-control technology and mine production optimization.

During 2022, Hexagon acquired the following companies: Minnovare, a leading provider of drilling technology; PDSA Company LTD, a Hexagon Leica Geosystems distributor; Kasi Aviation Inc, a provider of aerial survey and mapping services; Avvir, a developer of SaaS-based construction progress monitoring solutions; ETQ, a leading provider of SaaS-based QMS software; Vero Solutions, a distributor of Hexagon’s VISI CAD CAM software; TST Tooling Software Technology LLC, a distributor of Hexagon’s VISI CAD CAM software; Men At Work GmbH, a distributor of Hexagon’s VISI CAD CAM software; CIM3, a distributor of Hexagon’s ESPRIT CAM software; Innovatia Accelerator Inc, a developer of SaaS-based digitalisation solutions in the Operations & Maintenance segment; iConstruct Pty Ltd, a provider of BIM software.

During 2021, Hexagon acquired the following companies: Jovix, a material tracking software developed specifically for the construction industry; Immersal Oy, a provider of spatial mapping and visual positioning solutions; Infor's enterprise asset management (EAM) division; CADLM SAS, a company focused on computer-aided engineering (CAE) with artificial intelligence (AI) and machine learning

In December 2020, Hexagon acquired CodeCAD, a software retailer and distributor of Hexagon’s CADWorx & Analysis Solutions in Canada. The CodeCAD acquisition consolidates Hexagon’s sales and support structures in Canada. By conveying a single message to existing and new Canadian customers, Hexagon will be more efficient, increasing customer success by providing a single structure to support and service the entire solutions portfolio from Hexagon’s PPM division to customers in the country.

In August 2020 Hexagon acquired TACTICAWARE a provider of LiDAR-based 3D surveillance software used to monitor and protect critical infrastructure and buildings - from powerplants and airports to commercial and residential buildings and more. TACTICAWARE's flagship solution, Accur8vision, is a volumetric (entire space) detection security system offering 3D surveillance. Unlike conventional systems that typically only monitor perimeters, Accur8vision delivers situational awareness of an intruder's exact location, size, speed, and movement trajectory - all of which can be visualized within a 3D digital reality of the area under surveillance. LiDAR-based 3D surveillance solutions offer three-dimensional, volumetric threat detection independent of environmental and lighting conditions, reducing false alarms and enabling faster reaction to incidents.

In January 2019, Hexagon acquired Etalon, a provider of equipment calibration solutions. Etalon’s solutions continuously monitor and initiate compensation of machine tools, measuring machines, robots, and structures to ensure the dimensional accuracy of manufactured parts.

In September 2018, Hexagon acquired AutonomouStuff, one of the world’s leading suppliers of integrated autonomous vehicle solutions. AutonomouStuff will be a fully owned subsidiary of Hexagon and operate within Hexagon’s Positioning Intelligence division.

Also In 2018, Hexagon acquired SPRING Technologies, a software provider specializing in integrated solutions for optimizing the machining workflow through machine tool simulation, toolpath verification, and optimization, and machine tool management. Its solutions are in use at major OEMs and suppliers worldwide, helping streamline the manufacturing process through the optimization of machine tool performance and productivity."

Hexagon Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Hexagon applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Hexagon and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified HxGN Connect, Nexus, HxGN SDx, HxDR, Xalt, HxGN AgrOn, Leica BLK360 customers.

Hexagon Key Enterprise and Cloud Applications

HxGN Connect, Nexus, HxGN SDx, HxDR, Xalt, HxGN AgrOn, Leica BLK360

Hexagon Revenues, $M:

Type/Year20222023YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Hexagon Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Hexagon Revenues By Region, $M

Region% of Total Revenues2023 Total Revenues, $M2023 Enterprise Applications Revenues, $M2023 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Hexagon Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Hexagon Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Hexagon Customers


No. of Hexagon Customers: x

No. of Hexagon Enterprise Applications Customers: x

No. of Hexagon Cloud Customers: x

No. of Hexagon Cloud Subscribers: x


Recent customer wins are: Swietokrzyskie Province, Pitkin County 911, Free and Hanseatic City of Hamburg, National Center for Vegetation Cover Development and others. Among Hexagon customers are Changjiang Spatial Information Technology Engineering, U.S. Coast Guard Investigative Service, Eni, Fibria, Foxconn, Mecadat, Roger & Sons Concrete, Selex ES, Sinopec Engineering Co, and many others.

Hexagon Market Opportunities, M&A and Geo Expansions

The launch of the HxGN Additive Manufacturing Suite signifies a strategic move for Hexagon to capitalize on the growing demand for industrial-scale additive manufacturing solutions. This presents an opportunity for Hexagon to further innovate in this space, leveraging its expertise to develop advanced technologies and meet the evolving needs of manufacturers.

Similarly, Hexagon's digital reality platforms, such as Nexus and HxDR, offer significant opportunities to deliver comprehensive digital twin solutions across various industries. By enabling improved asset management, operational efficiency, and data-driven decision-making, Hexagon can provide valuable solutions that help organizations optimize their processes and maximize productivity.

Moreover, integrating IoT and AI technologies into Hexagon's solutions can unlock additional benefits for its customers. By offering advanced predictive maintenance, process optimization, and automation capabilities, Hexagon can drive efficiency and cost savings, helping businesses enhance their operations and stay competitive in today's rapidly evolving market landscape.

Hexagon Risks and Challenges

Hexagon's growth strategy relies on acquisitions, but there are risks. Finding suitable targets and securing financing can be challenging. Integration may be complex, and there's a risk of disrupting relationships with customers, suppliers, and personnel. Anticipated synergies may not materialize, and acquiring unethical businesses can harm Hexagon's reputation. To mitigate these risks, thorough due diligence, careful target assessment, and strong integration strategies are essential. Ethical conduct and sustainable practices must be maintained to safeguard Hexagon's reputation.

Hexagon Ecosystem, Partners, Resellers and SI

Hexagon collaborates with industry leaders, academic institutions, and research organizations to drive innovation, expand its ecosystem, and deliver comprehensive solutions to its customers.

During 2022 Hexagon made strategic partnership agreement with more companies such as: Centennial College, Fujitsu, Ouster, Vidizmo and The Hydrogen Utility Pty Ltd.

Hexagon Cloud Infrastructure Insights

Subscribe to read more about:

  • Hexagon Public Cloud and Infrastructure (IaaS)
  • Hexagon Platform (PaaS)
  • Hexagon Application Delivery
  • Hexagon Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

https://www.appsruntheworld.com/About Us
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Buyer Intent: Companies Reading this Research Report
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively reading this research report. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively accessing this research report include:
  1. Calık Holding, a Turkey based Banking and Financial Services organization with 17420 Employees
  2. MasterCAM, a United States based Professional Services company with 500 Employees
  3. Silverpeak, a United Kingdom based Banking and Financial Services organization with 250 Employees
LogoCompanyIndustryEmployeesRevenueCountryEvaluated
Calık HoldingBanking and Financial Services17420$2.8BTurkey2024-12-31
SubscribeSubscribeProfessional Services500$55MUnited States2024-12-09
SubscribeSubscribeBanking and Financial Services250$40MUnited Kingdom2024-10-25