Digitalization of manufacturing is once again on the industry application research agenda and Digital Manufacturing plays a fundamental role in this process. However, there is a lack of commonality in the literature about the purpose of Digital Manufacturing. The purpose of this paper is to analyze the concept and application domain of Digital Manufacturing considering the increasingly established Industry 4.0 paradigm. Based on a content analysis concepts are framed, and new technological characteristics identified. The paper contributes to a better understanding of the future challenges that companies face by positioning Digital Manufacturing conceptually and delimiting its application domain.