Global Digital Twin Market Analysis 2021

The Global Digital Twin Market is expected to reach $68.81 billion by 2027 growing at a CAGR of 56% from 2020 to 2027. A digital twin is a technology that denotes to digital duplication of physical assets (products), systems, processes, or facilities by representing its functional and behavioral characteristics those used for performance optimization of replicas. The features of this technology provide real-time scenarios and permit improved product examination and process optimization into a virtual environment. Factors such as changing face of maintenance in various industries and increasing demand for digital twins in the healthcare & pharmaceutical industries are driving the growth of the market. However, increasing occurrences of viruses and cyber-attacks are restraining the growth of the market. Based on the type, the system digital twin segment is going to have lucrative growth during the forecast period. This growth can be accredited to the growing use of digital twins for systems in numerous applications. The increasing usage of digital twins for designing, simulation, MRO (maintenance, repair, and overhaul), production, and after service. The key vendors mentioned ABB, AVEVA Group PLC, Dassault Systems, General Electric, Hexagon ABIBM Corporation, Microsoft Corporation, PTC, SAP, Siemens AG, ANSYS Inc, Cisco Systems Inc, Accenture PLC, Oracle Corporation and Wipro Ltd. Types Covered: • Process Digital Twin • Product Digital Twin • System Digital Twin Deployments Covered: • On-Premise • Cloud Product Offerings Covered: • Platforms • Hardware • Support Services Technologies Covered: • 5G • Artificial Intelligence & Machine Learning • Big Data Analytics • Blockchain • Internet Over Thing (IoT) & Industrial Internet Over Thing (IIoT) • Virtual Reality, Augmented Reality, and Mixed Reality (VAM) Enterprises Covered: • Large Enterprises • Small and Medium-Sized Enterprises (SMEs) Applications Covered: • Business Optimization • Dynamic Optimization • Inventory Management • Machine & Equipment Health Monitoring • Manufacturing Process Planning • Performance Monitoring • Predictive Maintenance • Process Support and Service • Product Design and Development End Users Covered: • Aerospace & Defense • Agriculture • Automotive & Transportation • Chemicals And Materials • Electronics And Electrical/Machine Manufacturing • Energy & Utilities • Government • Healthcare & Life sciences • Natural Resources • Oil & Gas • Residential & Commercial • Retail & Consumer Goods • Smart Home And Smarter Cities • Telecommunication Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2019 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Digital Twin Market, By Type
5.1 Introduction
5.2 Process Digital Twin
5.3 Product Digital Twin
5.4 System Digital Twin

6 Global Digital Twin Market, By Deployment
6.1 Introduction
6.2 On-premise
6.3 Cloud

7 Global Digital Twin Market, By Product Offering
7.1 Introduction
7.2 Platforms
7.3 Hardware
7.4 Support Services

8 Global Digital Twin Market, By Technology
8.1 Introduction
8.2 5G
8.3 Artificial Intelligence & Machine Learning
8.4 Big Data Analytics
8.5 Blockchain
8.6 Internet Over Thing (IoT) & Industrial Internet Over Thing (IIoT)
8.7 Virtual Reality, Augmented Reality, and Mixed Reality (VAM)

9 Global Digital Twin Market, By Enterprise
9.1 Introduction
9.2 Large Enterprises
9.3 Small and Medium-Sized Enterprises (SMEs)

10 Global Digital Twin Market, By Application
10.1 Introduction
10.2 Business Optimization
10.3 Dynamic Optimization
10.4 Inventory Management
10.5 Machine & Equipment Health Monitoring
10.6 Manufacturing Process Planning
10.7 Performance Monitoring
10.8 Predictive Maintenance
10.9 Process Support and Service
10.10 Product Design and Development

11 Global Digital Twin Market, By End User
11.1 Introduction
11.2 Aerospace & Defense
11.3 Agriculture
11.4 Automotive & Transportation
11.5 Chemicals And Materials
11.6 Electronics And Electrical/Machine Manufacturing
11.7 Energy & Utilities
11.8 Government
11.9 Healthcare & Lifesciences
11.10 Natural Resources
11.11 Oil & Gas
11.12 Residential & Commercial
11.13 Retail & Consumer Goods
11.14 Smart Home And Smarter Cities
11.15 Telecommunication

12 Global Digital Twin Market, By Geography
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia Pacific
12.5 South America
12.6 Middle East & Africa

13 Strategic Benchmarking

14 Vendors Landscape
14.1 ABB
14.2 AVEVA Group PLC
14.3 Dassault Systems
14.4 General Electric
14.5 Hexagon AB
14.6 IBM Corporation
14.7 Microsoft Corporation
14.8 PTC
14.9 SAP
14.10 Siemens AG
14.11 ANSYS Inc
14.12 Cisco Systems Inc
14.13 Accenture PLC
14.14 Oracle Corporation
14.15 Wipro Ltd

List of Data Tables
1 Global Digital Twin Market Outlook, By Region (2019-2027) ($MN)
2 Global Digital Twin Market Outlook, By Type (2019-2027) ($MN)
3 Global Digital Twin Market Outlook, By Process Digital Twin (2019-2027) ($MN)
4 Global Digital Twin Market Outlook, By Product Digital Twin (2019-2027) ($MN)
5 Global Digital Twin Market Outlook, By System Digital Twin (2019-2027) ($MN)
6 Global Digital Twin Market Outlook, By Deployment (2019-2027) ($MN)
7 Global Digital Twin Market Outlook, By On-premise (2019-2027) ($MN)
8 Global Digital Twin Market Outlook, By Cloud (2019-2027) ($MN)
9 Global Digital Twin Market Outlook, By Product Offering (2019-2027) ($MN)
10 Global Digital Twin Market Outlook, By Platforms (2019-2027) ($MN)
11 Global Digital Twin Market Outlook, By Hardware (2019-2027) ($MN)
12 Global Digital Twin Market Outlook, By Support Services (2019-2027) ($MN)
13 Global Digital Twin Market Outlook, By Technology (2019-2027) ($MN)
14 Global Digital Twin Market Outlook, By 5G (2019-2027) ($MN)
15 Global Digital Twin Market Outlook, By Artificial Intelligence & Machine Learning (2019-2027) ($MN)
16 Global Digital Twin Market Outlook, By Big Data Analytics (2019-2027) ($MN)
17 Global Digital Twin Market Outlook, By Blockchain (2019-2027) ($MN)
18 Global Digital Twin Market Outlook, By Internet Over Thing (IoT) & Industrial Internet Over Thing (IIoT) (2019-2027) ($MN)
19 Global Digital Twin Market Outlook, By Virtual Reality, Augmented Reality, and Mixed Reality (2019-2027) ($MN)
20 Global Digital Twin Market Outlook, By Enterprise (2019-2027) ($MN)
21 Global Digital Twin Market Outlook, By Large Enterprises (2019-2027) ($MN)
22 Global Digital Twin Market Outlook, By Small and Medium-Sized Enterprises (SMEs) (2019-2027) ($MN)
23 Global Digital Twin Market Outlook, By Application (2019-2027) ($MN)
24 Global Digital Twin Market Outlook, By Business Optimization (2019-2027) ($MN)
25 Global Digital Twin Market Outlook, By Dynamic Optimization (2019-2027) ($MN)
26 Global Digital Twin Market Outlook, By Inventory Management (2019-2027) ($MN)
27 Global Digital Twin Market Outlook, By Machine & Equipment Health Monitoring (2019-2027) ($MN)
28 Global Digital Twin Market Outlook, By Manufacturing Process Planning (2019-2027) ($MN)
29 Global Digital Twin Market Outlook, By Performance Monitoring (2019-2027) ($MN)
30 Global Digital Twin Market Outlook, By Predictive Maintenance (2019-2027) ($MN)
31 Global Digital Twin Market Outlook, By Process Support and Service (2019-2027) ($MN)
32 Global Digital Twin Market Outlook, By Product Design and Development (2019-2027) ($MN)
33 Global Digital Twin Market Outlook, By End User (2019-2027) ($MN)
34 Global Digital Twin Market Outlook, By Aerospace & Defense (2019-2027) ($MN)
35 Global Digital Twin Market Outlook, By Agriculture (2019-2027) ($MN)
36 Global Digital Twin Market Outlook, By Automotive & Transportation (2019-2027) ($MN)
37 Global Digital Twin Market Outlook, By Chemicals And Materials (2019-2027) ($MN)
38 Global Digital Twin Market Outlook, By Electronics And Electrical/Machine Manufacturing (2019-2027) ($MN)
39 Global Digital Twin Market Outlook, By Energy & Utilities (2019-2027) ($MN)
40 Global Digital Twin Market Outlook, By Government (2019-2027) ($MN)
41 Global Digital Twin Market Outlook, By Healthcare & Lifesciences (2019-2027) ($MN)
42 Global Digital Twin Market Outlook, By Natural Resources (2019-2027) ($MN)
43 Global Digital Twin Market Outlook, By Oil & Gas (2019-2027) ($MN)
44 Global Digital Twin Market Outlook, By Residential & Commercial (2019-2027) ($MN)
45 Global Digital Twin Market Outlook, By Retail & Consumer Goods (2019-2027) ($MN)
46 Global Digital Twin Market Outlook, By Smart Home And Smarter Cities (2019-2027) ($MN)
47 Global Digital Twin Market Outlook, By Telecommunication (2019-2027) ($MN)
48 North America Digital Twin Market Outlook, By Type (2019-2027) ($MN)
49 North America Digital Twin Market Outlook, By Deployment (2019-2027) ($MN)
50 North America Digital Twin Market Outlook, By Product Offering (2019-2027) ($MN)
51 North America Digital Twin Market Outlook, By Technology (2019-2027) ($MN)
52 North America Digital Twin Market Outlook, By Enterprise (2019-2027) ($MN)
53 North America Digital Twin Market Outlook, By Application (2019-2027) ($MN)
54 North America Digital Twin Market Outlook, By End User (2019-2027) ($MN)
55 Europe Digital Twin Market Outlook, By Type (2019-2027) ($MN)
56 Europe Digital Twin Market Outlook, By Deployment (2019-2027) ($MN)
57 Europe Digital Twin Market Outlook, By Product Offering (2019-2027) ($MN)
58 Europe Digital Twin Market Outlook, By Technology (2019-2027) ($MN)
59 Europe Digital Twin Market Outlook, By Enterprise (2019-2027) ($MN)
60 Europe Digital Twin Market Outlook, By Application (2019-2027) ($MN)
61 Europe Digital Twin Market Outlook, By End User (2019-2027) ($MN)
62 Asia Pacific Digital Twin Market Outlook, By Type (2019-2027) ($MN)
63 Asia Pacific Digital Twin Market Outlook, By Deployment (2019-2027) ($MN)
64 Asia Pacific Digital Twin Market Outlook, By Product Offering (2019-2027) ($MN)
65 Asia Pacific Digital Twin Market Outlook, By Technology (2019-2027) ($MN)
66 Asia Pacific Digital Twin Market Outlook, By Enterprise (2019-2027) ($MN)
67 Asia Pacific Digital Twin Market Outlook, By Application (2019-2027) ($MN)
68 Asia Pacific Digital Twin Market Outlook, By End User (2019-2027) ($MN)
69 South America Digital Twin Market Outlook, By Type (2019-2027) ($MN)
70 South America Digital Twin Market Outlook, By Deployment (2019-2027) ($MN)
71 South America Digital Twin Market Outlook, By Product Offering (2019-2027) ($MN)
72 South America Digital Twin Market Outlook, By Technology (2019-2027) ($MN)
73 South America Digital Twin Market Outlook, By Enterprise (2019-2027) ($MN)
74 South America Digital Twin Market Outlook, By Application (2019-2027) ($MN)
75 South America Digital Twin Market Outlook, By End User (2019-2027) ($MN)
76 Middle East & Africa Digital Twin Market Outlook, By Type (2019-2027) ($MN)
77 Middle East & Africa Digital Twin Market Outlook, By Deployment (2019-2027) ($MN)
78 Middle East & Africa Digital Twin Market Outlook, By Product Offering (2019-2027) ($MN)
79 Middle East & Africa Digital Twin Market Outlook, By Technology (2019-2027) ($MN)
80 Middle East & Africa Digital Twin Market Outlook, By Enterprise (2019-2027) ($MN)
81 Middle East & Africa Digital Twin Market Outlook, By Application (2019-2027) ($MN)
82 Middle East & Africa Digital Twin Market Outlook, By End User (2019-2027) ($MN)