Digital Twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance. Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomesﾗreduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility. According to our (Global Info Research) latest study, the global Digital Twin market size was valued at USD 1826.4 million in 2022 and is forecast to a readjusted size of USD 4052.3 million by 2029 with a CAGR of 12.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. Global digital twin key players include General Electric, PTC, Siemens etc. Global top 5 manufacturers hold a share about 65%. North America is the largest market, with a share about 53%, followed by Europe, have a share over 38 percent.In terms of product, system twin is the largest segment, with a share over 55%. And in terms of application, the largest application is machine manufacturing, followed by energy & utilities. This report is a detailed and comprehensive analysis for global Digital Twin market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided. Key Features: Global Digital Twin market size and forecasts, in consumption value ($ Million), 2018-2029 Global Digital Twin market size and forecasts by region and country, in consumption value ($ Million), 2018-2029 Global Digital Twin market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029 Global Digital Twin market shares of main players, in revenue ($ Million), 2018-2023 The Primary Objectives in This Report Are: To determine the size of the total market opportunity of global and key countries To assess the growth potential for Digital Twin To forecast future growth in each product and end-use market To assess competitive factors affecting the marketplace This report profiles key players in the global Digital Twin market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include General Electric, PTC, Siemens, Dassault Syst�mes and IBM Corporation, etc. This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence. Market segmentation Digital Twin market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets. Market segment by Type System Twin Process Twin Asset Twin Market segment by Application Aerospace and Defense Automotive and Transportation Machine Manufacturing Energy and Utilities Others Market segment by players, this report covers General Electric PTC Siemens Dassault Syst�mes IBM Corporation ANSYS Microsoft Corporation Oracle Corporation Accenture (Mackevision) SAP AVEVA Group Market segment by regions, regional analysis covers North America (United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, Italy, and Rest of Europe) Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific) South America (Brazil, Argentina and Rest of South America) Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa) The content of the study subjects, includes a total of 13 chapters: Chapter 1, to describe Digital Twin product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top players of Digital Twin, with revenue, gross margin and global market share of Digital Twin from 2018 to 2023. Chapter 3, the Digital Twin competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast. Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029. Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Digital Twin market forecast, by regions, type and application, with consumption value, from 2024 to 2029. Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War Chapter 12, the key raw materials and key suppliers, and industry chain of Digital Twin. Chapter 13, to describe Digital Twin research findings and conclusion.
1 Market Overview 1.1 Product Overview and Scope of Digital Twin 1.2 Market Estimation Caveats and Base Year 1.3 Classification of Digital Twin by Type 1.3.1 Overview: Global Digital Twin Market Size by Type: 2018 Versus 2022 Versus 2029 1.3.2 Global Digital Twin Consumption Value Market Share by Type in 2022 1.3.3 System Twin 1.3.4 Process Twin
