The global digital twin market reached a value of nearly $7,861.3 million in 2021, having increased at a compound annual growth rate (CAGR) of 19.9% since 2016. The market is expected to grow from $7,861.3 million in 2021 to $41,767.9 million in 2026 at a rate of 39.7%. The market is then expected to grow at a CAGR of 28.6%from 2026 and reach $146,942.6 million in 2031.
Growth in the historic period resulted from the surge in the adoption of industrial IoT, adoption of 3D printing and increased use of digital twins in the manufacturing sector. Factors that negatively affected growth in the historic period were the lack of skilled professionals, lack of adoption by SMEs and lack of awareness of the cost benefits of adopting digital twins
Going forward, growing demand for increasing demand for digital twin in healthcare, rise in establishment of smart building infrastructure and COVID-19 impact will drive the market. Factors that could hinder the growth of the digital twin market in the future include a rise in cyber security crimes, high deployment cost and privacy concerns.
The digital twin market is segmented by type into product digital twin, process digital twin and system digital twin. The system digital twin was the largest segment of the digital twin market by type, accounting for $4,301.6 million or 54.7% of the total market in 2021. The process digital twin market is expected to be the fastest-growing segment going forward at a CAGR of 40.9%.
The digital twin market is also segmented by technology into IoT and IIoT, blockchain, artificial intelligence and machine learning, extended reality and other technology, big data analytics and 5G. The IoT and IIoT market was the largest segment of the digital twin market by technology, accounting for $2,148.5 million or 27.3% of the total market in 2021. The artificial intelligence and machine learning market is expected to be the fastest-growing segment going forward at a CAGR of 41.3%.
The digital twin market is also segmented by application into manufacturing, energy and power, aerospace, automotive and transportation and other applications. The automotive and transportation was the largest segment of the digital twin market by application, accounting for $1,977.1 million or 25.2% of the total market in 2021. The other applications market is expected to be the fastest-growing segment going forward at a CAGR of 41.4%.
North America was the largest region in the digital twin market, accounting for 34.1% of the global market in 2021. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the digital twin market will be Asia Pacific and the North America, where growth will be at CAGRs of 43.2% and 41.2% respectively from 2021-2026.
The global digital twin market is moderately fragmented, with a large number of players. The top ten competitors in the market made up to 22.37% of the total market in 2021. This can be due to the existence of number of local players in the market serving customers in particular geographies. SAP SE was the largest competitor with 4.46% share of the market, followed by IBM Corporation with 3.04%, ANSYS Inc. with 2.43%, Microsoft Corporation with 2.39%, General Electric with 2.28%, Siemens AG with 1.94%, Bentley Systems with 1.84%, Dassault Systèmes with 1.65%, ABB Ltd. with 1.19%, and Oracle Corporation with 1.15%.
The top opportunities in the digital twin market by type will arise in the system digital twin market, which will gain $18,885.3 million of global annual sales by 2026. The top opportunities in the digital twin market by technology will arise in the IoT and IIoT market, which will gain $9,292.2 million of global annual sales by 2026. The top opportunities in the digital twin market by application will arise in automotive and transportation market, which will gain $8,583.5 million of global annual sales by 2026. The digital twin market size will gain the most in the USA at $11,656.5 million.
Market-trend-based strategies for the digital twin market include using digital twin for metaverse, innovation in technology, developing digital twin solutions to optimize supply chains and operational processes, adopting digital twins in the pharmaceutical industry for drug discovery.
Player-adopted strategies in the digital twin industry include developing new cloud services through strategic collaborations and partnerships, enhancing business capabilities through launching new products and upgrading existing products and enabling customers to manage physical spaces digitally through strategic partnerships and collaborations.
To take advantage of the opportunities, the publisher recommends the digital twin companies to focus on innovative technology, invest in digital twin hybrid analytics, invest in innovative solutions, expand in emerging markets, focus on competitive pricing, focus on partnerships and focus on healthcare companies.
This report describes and explains the digital twin market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Growth in the historic period resulted from the surge in the adoption of industrial IoT, adoption of 3D printing and increased use of digital twins in the manufacturing sector. Factors that negatively affected growth in the historic period were the lack of skilled professionals, lack of adoption by SMEs and lack of awareness of the cost benefits of adopting digital twins
Going forward, growing demand for increasing demand for digital twin in healthcare, rise in establishment of smart building infrastructure and COVID-19 impact will drive the market. Factors that could hinder the growth of the digital twin market in the future include a rise in cyber security crimes, high deployment cost and privacy concerns.
The digital twin market is segmented by type into product digital twin, process digital twin and system digital twin. The system digital twin was the largest segment of the digital twin market by type, accounting for $4,301.6 million or 54.7% of the total market in 2021. The process digital twin market is expected to be the fastest-growing segment going forward at a CAGR of 40.9%.
The digital twin market is also segmented by technology into IoT and IIoT, blockchain, artificial intelligence and machine learning, extended reality and other technology, big data analytics and 5G. The IoT and IIoT market was the largest segment of the digital twin market by technology, accounting for $2,148.5 million or 27.3% of the total market in 2021. The artificial intelligence and machine learning market is expected to be the fastest-growing segment going forward at a CAGR of 41.3%.
The digital twin market is also segmented by application into manufacturing, energy and power, aerospace, automotive and transportation and other applications. The automotive and transportation was the largest segment of the digital twin market by application, accounting for $1,977.1 million or 25.2% of the total market in 2021. The other applications market is expected to be the fastest-growing segment going forward at a CAGR of 41.4%.
North America was the largest region in the digital twin market, accounting for 34.1% of the global market in 2021. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the digital twin market will be Asia Pacific and the North America, where growth will be at CAGRs of 43.2% and 41.2% respectively from 2021-2026.
The global digital twin market is moderately fragmented, with a large number of players. The top ten competitors in the market made up to 22.37% of the total market in 2021. This can be due to the existence of number of local players in the market serving customers in particular geographies. SAP SE was the largest competitor with 4.46% share of the market, followed by IBM Corporation with 3.04%, ANSYS Inc. with 2.43%, Microsoft Corporation with 2.39%, General Electric with 2.28%, Siemens AG with 1.94%, Bentley Systems with 1.84%, Dassault Systèmes with 1.65%, ABB Ltd. with 1.19%, and Oracle Corporation with 1.15%.
The top opportunities in the digital twin market by type will arise in the system digital twin market, which will gain $18,885.3 million of global annual sales by 2026. The top opportunities in the digital twin market by technology will arise in the IoT and IIoT market, which will gain $9,292.2 million of global annual sales by 2026. The top opportunities in the digital twin market by application will arise in automotive and transportation market, which will gain $8,583.5 million of global annual sales by 2026. The digital twin market size will gain the most in the USA at $11,656.5 million.
Market-trend-based strategies for the digital twin market include using digital twin for metaverse, innovation in technology, developing digital twin solutions to optimize supply chains and operational processes, adopting digital twins in the pharmaceutical industry for drug discovery.
Player-adopted strategies in the digital twin industry include developing new cloud services through strategic collaborations and partnerships, enhancing business capabilities through launching new products and upgrading existing products and enabling customers to manage physical spaces digitally through strategic partnerships and collaborations.
To take advantage of the opportunities, the publisher recommends the digital twin companies to focus on innovative technology, invest in digital twin hybrid analytics, invest in innovative solutions, expand in emerging markets, focus on competitive pricing, focus on partnerships and focus on healthcare companies.
This report describes and explains the digital twin market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Table of Contents
1. Executive Summary2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction And Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Digital Twin Market Definition And Segmentations
6.4. Market Segmentation By Type
6.4.1. Product Digital Twin
6.4.2. Process Digital Twin
6.4.3. System Digital Twin
6.5. Market Segmentation By Technology
6.5.1. IoT And IIoT
6.5.2. Blockchain
6.5.3. Artificial Intelligence And Machine Learning
6.5.4. Extended Reality And Other Technology
6.5.5. Big Data Analytics
6.5.6. 5G
6.6. Market Segmentation By Application
6.6.1. Manufacturing
6.6.2. Energy And Power
6.6.3. Aerospace And Defense
6.6.4. Automotive And Transportation
6.6.5. Other Applications
7. Major Market Trends
7.1. Digital Twin For Metaverse
7.2. Innovation In Technology
7.3. Deploying Digital Twin Solutions To Optimize Supply Chains And Operational Processes
7.4. Adoption Of Digital Twin In The Pharmaceutical Industry For Drug Discovery
8. Global Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, 2016 - 2021, Value ($ Million)
8.2.1. Market Drivers 2016 - 2021
8.2.2. Market Restraints 2016- 2021
8.3. Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
8.3.1. Market Drivers 2021 - 2026
8.3.2. Market Restraints 2021 - 2026
9. Global Market Segmentation
9.1. Global Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.2. Global Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.3. Global Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10. Global Market, Regional And Country Analysis
10.1. Global Digital Twin Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.2. Global Digital Twin Market, By Country, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.4. Asia-Pacific Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.5. Asia-Pacific Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.6. Asia-Pacific Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.7. Asia-Pacific Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.8. Asia Pacific Digital Twin Market: Country Analysis
11.9. China Market
11.10. Summary
11.11. Market Overview
11.11.1. Country Information
11.11.2. Market Information
11.11.3. Background Information
11.11.4. Government Initiatives
11.11.5. Regulations
11.11.6. Regulatory bodies
11.11.7. Major Associations
11.11.8. Taxes Levied
11.11.9. Corporate Tax Structure
11.11.10. Investments
11.11.11. Major Companies
11.12. China Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.13. China Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.14. China Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.15. China Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.16. China Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.17. India Market
11.18. India Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.19. India Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.20. India Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.21. India Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.22. India Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.23. Japan Market
11.24. Japan Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.25. Japan Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.26. Japan Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.27. Japan Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.28. Japan Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.29. Australia Market
11.30. Australia Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.31. Australia Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.32. Australia Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.33. Australia Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.34. Australia Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.35. Indonesia Market
11.36. Indonesia Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.37. Indonesia Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.38. Indonesia Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.39. Indonesia Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.40. Indonesia Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.41. South Korea Market
11.42. South Korea Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.43. South Korea Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.44. South Korea Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.45. South Korea Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.46. South Korea Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate Tax Structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.4. Western Europe Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.5. Western Europe Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.6. Western Europe Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.7. Western Europe Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.8. Western Europe Digital Twin Market: Country Analysis
12.9. UK Market
12.10. UK Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.11. UK Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.12. UK Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.13. UK Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.14. UK Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.15. Germany Market
12.16. Germany Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.17. Germany Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.18. Germany Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.19. Germany Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.20. Germany Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.21. France Market
12.22. France Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.23. France Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.24. France Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.25. France Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.26. France Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13. Eastern Europe Market
13.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory bodies
13.2.7. Major Associations
13.2.8. Taxes Levied
13.2.9. Corporate Tax Structure
13.2.10. Investments
13.2.11. Major Companies
13.3. Eastern Europe Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.4. Eastern Europe Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.5. Eastern Europe Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.6. Eastern Europe Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.7. Eastern Europe Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.8. Eastern Europe Digital Twin Market: Country Analysis
13.9. Russia Market
13.10. Russia Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.11. Russia Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.12. Russia Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.13. Russia Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.14. Russia Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Major Associations
14.2.8. Taxes Levied
14.2.9. Corporate Tax Structure
14.2.10. Investments
14.2.11. Major Companies
14.3. North America Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.4. North America Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.5. North America Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.6. North America Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.7. North America Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.8. North America Digital Twin Market: Country Analysis
14.9. USA Market
14.10. Summary
14.11. Market Overview
14.11.1. Region Information
14.11.2. Market Information
14.11.3. Background Information
14.11.4. Government Initiatives
14.11.5. Regulations
14.11.6. Regulatory Bodies
14.11.7. Major Associations
14.11.8. Taxes Levied
14.11.9. Corporate Tax Structure
14.11.10. Investments
14.11.11. Major Companies
14.12. USA Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.13. USA Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.14. USA Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.15. USA Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.16. USA Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.4. South America Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.5. South America Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.6. South America Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.7. South America Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.8. South America Digital Twin Market: Country Analysis
15.9. Brazil Market
15.10. Brazil Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.11. Brazil Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.12. Brazil Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.13. Brazil Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.14. Brazil Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
16.4. Middle East Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
16.5. Middle East Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16.6. Middle East Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16.7. Middle East Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes Levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Digital Twin Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
17.4. Africa Digital Twin Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
17.5. Africa Digital Twin Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17.6. Africa Digital Twin Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17.7. Africa Digital Twin Market, Segmentation By Technology, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
18. Competitive Landscape And Company Profiles
18.1. Company Profiles
18.2. SAP SE
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Business Strategy
18.2.4. Financial Overview
18.3. IBM Corporation
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Business Strategy
18.3.4. Financial Overview
18.4. ANSYS Inc
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Business Strategy
18.4.4. Financial Overview
18.5. Microsoft Corporation
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Business Strategy
18.5.4. Financial Overview
18.6. General Electric Company (GE)
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Business Strategy
18.6.4. Financial Overview
19. Key Mergers And Acquisitions
19.1. Cadence Acquired Future Facilities
19.2. Siemens Acquired EcoDomus
19.3. Faro Acquired HoloBuilder
19.4. Bentley Systems Acquired Seequent
19.5. Autodesk Acquired Innovyze
19.6. FARO Technologies Acquired Advanced Technical Solutions
19.7. Royal HaskoningDHV Acquired Lanner
20. Opportunities And Strategies
20.1. Global Digital Twin Market In 2026 - Countries Offering Most New Opportunities
20.2. Global Digital Twin Market In 2026 - Segments Offering Most New Opportunities
20.3. Global Digital Twin Market In 2026 - Growth Strategies
20.3.1. Market Trend Based Strategies
20.3.2. Competitor Strategies
21. Digital Twin Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People
22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer
Executive Summary
Digital Twin Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global digital twin market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider digital twin market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the digital twin market.
- Key Trends - Highlights the major trends shaping the global digital twin market. This section also highlights likely future developments in the market.
- Global Market Size and Growth - Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2016-2031) and analysis for for segment by type, by application and by technology in the market.
- Regional Market Size and Growth - Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies
Conclusions And Recommendations
This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for digital twin providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered
1) By Type: Product Digital Twin; Process Digital Twin; System Digital Twin2) By Technology: IoT; IIoT; Blockchain; Artificial Intelligence And Machine Learning; Extended Reality And Other Technology; Big Data Analytics; 5G
3) By Application: Manufacturing; Energy and Power; Aerospace; Automotive; Transportation; Other Applications
Companies Mentioned: SAP SE; IBM Corporation; ANSYS Inc.; Microsoft Corporation and General Electric
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time-series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; digital twin indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- SAP SE
- IBM Corporation
- ANSYS Inc.
- Microsoft Corporation
- General Electric
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 304 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 7861.3 Million |
| Forecasted Market Value ( USD | $ 146942.6 Million |
| Compound Annual Growth Rate | 34.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
