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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236115

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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236115

Global Digital Twin Market Size study & Forecast, by End-use (Manufacturing, Agriculture) by Solution (Component, Process, System) and Regional Analysis, 2022-2029

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Global Digital Twin Market is valued at approximately USD 8.09 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 37.5% over the forecast period 2022-2029. Digital Twin is a virtual representation of a system or an object, updated from real-time data, using machine learning and simulation contrary to helps in decision making. The Digital Twin market is expanding because of factors such increasing deployment of cloud and IoT technologies and rising emphasis on digital twin in manufacturing industries.

According to the Statista, in 2021, Cloud application services market is estimated to be worth approx. 146 billion U.S. dollars and estimated to reach 195 billion U.S. dollars by 2023. Software as a Service applications are run in the cloud and accessible through desktops, mobile applications, and web interface. Furthermore, the prognosis for worldwide spending on IoT by 2023 was 1.1 trillion U.S. dollars, as estimated in 2019. In addition, the total installed base of IoT connected devices globally is projected to amount to 30.9 billion units by 2025. According to Statista, he projected global smart manufacturing market size between 2017 and 2023. It is expected that the smart manufacturing market will grow to approximately 480 billion U.S. dollars by 2023. Another important component driving space increase is technological advancements. Moreover, in 2022, the United States is expected to spend 48.4 billion U.S. dollars on automotive research and development, around 39 % of the global automotive R&D spending. However, Risk associated with data privacy and cyber security stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Digital Twin Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the high adoption of the new technology and increasing investments in research and development. In 2021General Motors held the largest share of the auto market in the United States of around 15.18%. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as growing manufacturing and automotive industries in countries such as China, Japan and India and active participation of government and nonprofit organizations in the market space.

Major market players included in this report are:

  • ABB Group
  • Hexagon Geosystems AG
  • General Electric
  • Dassault Systemes
  • AVEVA Group plc
  • SAP SE
  • Schneider Electric SE
  • IBM Corporation
  • Siemens AG.
  • Autodesk

Recent Developments in the Market:

  • In Dec 2022 as part of this new strategic relationship GE Digital, announced that Norwegian, Norway's largest airline has chosen its Asset Transfer System (ATS) software to modernize the way to manage technical records for their aircraft fleet. Norwegian will also receive services from one of GE Digital's partner service providers. ATS is a highly collaborative tool designed to streamline day-to-day records management activities, including asset documentation between airlines, lessors, and MRO teams.
  • In Oct 2022 Dassault Systemes announces Its New OUTSCALE Brand as the Leading Sovereign and Sustainable Operator of Trusted Business Experience as a Service. It will strengthen the position of OUTSCALE as the strategic, sovereign cloud partner for governments and companies in all industries, thereby driving digital autonomy with three levels of experience cloud: dedicated cloud for sovereign collaboration in a customer's space; private cloud for trusted collaboration in a common legal and fiscal space; and international cloud for secured collaboration.

Global Digital Twin Market Report Scope:

  • Historical Data: 2019-2020-2021
  • Base Year for Estimation: 2021
  • Forecast period: 2022-2029
  • Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered: Solution, End Use, Region
  • Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
  • Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End-use:

  • Manufacturing
  • Agriculture

By Solution:

  • Component
  • Process
  • System

By Region:

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC
  • Latin America
  • Brazil
  • Mexico
  • Rest of the World

Table of Contents

Chapter 1. Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
    • 1.2.1. Digital Twin Market, by Region, 2019-2029 (USD Billion)
    • 1.2.2. Digital Twin Market, by End Use, 2019-2029 (USD Billion)
    • 1.2.3. Digital Twin Market, by Solution, 2019-2029 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Digital Twin Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Digital Twin Market Dynamics

  • 3.1. Digital Twin Market Impact Analysis (2019-2029)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increasing deployment of cloud and IoT technologies
      • 3.1.1.2. Rising emphasize on digital twin in manufacturing industries
    • 3.1.2. Market Challenges
      • 3.1.2.1. Risk associated with data privacy and cyber security
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Technological Advancements in automobile, real estate, and healthcare industry
      • 3.1.3.2. Increasing investments in the research and developments

Chapter 4. Global Digital Twin Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
  • 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
  • 4.3. PEST Analysis
    • 4.3.1. Political
    • 4.3.2. Economical
    • 4.3.3. Social
    • 4.3.4. Technological
  • 4.4. Investment Adoption Model
  • 4.5. Analyst Recommendation & Conclusion
  • 4.6. Top investment opportunity
  • 4.7. Top winning strategies

Chapter 5. Risk Assessment: COVID-19 Impact

  • 5.1. Assessment of the overall impact of COVID-19 on the industry
  • 5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Digital Twin Market, by End Use

  • 6.1. Market Snapshot
  • 6.2. Global Digital Twin Market by End Use, Performance - Potential Analysis
  • 6.3. Global Digital Twin Market Estimates & Forecasts by End Use 2019-2029 (USD Billion)
  • 6.4. Digital Twin Market, Sub Segment Analysis
    • 6.4.1. Manufacturing
    • 6.4.2. Agriculture

Chapter 7. Global Digital Twin Market, by Solution

  • 7.1. Market Snapshot
  • 7.2. Global Digital Twin Market by Solution, Performance - Potential Analysis
  • 7.3. Global Digital Twin Market Estimates & Forecasts by Solution 2019-2029 (USD Billion)
  • 7.4. Digital Twin Market, Sub Segment Analysis
    • 7.4.1. Component
    • 7.4.2. Process
    • 7.4.3. System

Chapter 8. Global Digital Twin Market, Regional Analysis

  • 8.1. Digital Twin Market, Regional Market Snapshot
  • 8.2. North America Digital Twin Market
    • 8.2.1. U.S. Digital Twin Market
      • 8.2.1.1. End Use breakdown estimates & forecasts, 2019-2029
      • 8.2.1.2. Solution breakdown estimates & forecasts, 2019-2029
    • 8.2.2. Canada Digital Twin Market
  • 8.3. Europe Digital Twin Market Snapshot
    • 8.3.1. U.K. Digital Twin Market
    • 8.3.2. Germany Digital Twin Market
    • 8.3.3. France Digital Twin Market
    • 8.3.4. Spain Digital Twin Market
    • 8.3.5. Italy Digital Twin Market
    • 8.3.6. Rest of Europe Digital Twin Market
  • 8.4. Asia-Pacific Digital Twin Market Snapshot
    • 8.4.1. China Digital Twin Market
    • 8.4.2. India Digital Twin Market
    • 8.4.3. Japan Digital Twin Market
    • 8.4.4. Australia Digital Twin Market
    • 8.4.5. South Korea Digital Twin Market
    • 8.4.6. Rest of Asia Pacific Digital Twin Market
  • 8.5. Latin America Digital Twin Market Snapshot
    • 8.5.1. Brazil Digital Twin Market
    • 8.5.2. Mexico Digital Twin Market
  • 8.6. Rest of The World Digital Twin Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. ABB Group
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. Hexagon Geosystems AG
    • 9.2.3. General Electric
    • 9.2.4. Dassault Systemes
    • 9.2.5. AVEVA Group plc
    • 9.2.6. SAP SE
    • 9.2.7. Schneider Electric SE
    • 9.2.8. IBM Corporation
    • 9.2.9. Siemens AG.
    • 9.2.10. Autodesk

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Digital Twin Market, report scope
  • TABLE 2. Global Digital Twin Market estimates & forecasts by Region 2019-2029 (USD Billion)
  • TABLE 3. Global Digital Twin Market estimates & forecasts by End Use 2019-2029 (USD Billion)
  • TABLE 4. Global Digital Twin Market estimates & forecasts by Solution 2019-2029 (USD Billion)
  • TABLE 5. Global Digital Twin Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 6. Global Digital Twin Market by region, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 7. Global Digital Twin Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 8. Global Digital Twin Market by region, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 9. Global Digital Twin Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 10. Global Digital Twin Market by region, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 11. Global Digital Twin Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 12. Global Digital Twin Market by region, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 13. Global Digital Twin Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 14. Global Digital Twin Market by region, estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 15. U.S. Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 16. U.S. Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 17. U.S. Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 18. Canada Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 19. Canada Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 20. Canada Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 21. UK Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 22. UK Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 23. UK Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 24. Germany Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 25. Germany Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 26. Germany Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 27. France Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 28. France Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 29. France Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 30. Italy Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 31. Italy Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 32. Italy Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 33. Spain Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 34. Spain Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 35. Spain Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 36. RoE Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 37. RoE Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 38. RoE Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 39. China Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 40. China Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 41. China Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 42. India Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 43. India Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 44. India Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 45. Japan Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 46. Japan Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 47. Japan Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 48. South Korea Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 49. South Korea Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 50. South Korea Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 51. Australia Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 52. Australia Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 53. Australia Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 54. RoAPAC Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 55. RoAPAC Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 56. RoAPAC Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 57. Brazil Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 58. Brazil Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 59. Brazil Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 60. Mexico Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 61. Mexico Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 62. Mexico Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 63. RoLA Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 64. RoLA Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 65. RoLA Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 66. Row Digital Twin Market estimates & forecasts, 2019-2029 (USD Billion)
  • TABLE 67. Row Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 68. Row Digital Twin Market estimates & forecasts by segment 2019-2029 (USD Billion)
  • TABLE 69. List of secondary sources, used in the study of global Digital Twin Market
  • TABLE 70. List of primary sources, used in the study of global Digital Twin Market
  • TABLE 71. Years considered for the study
  • TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

  • FIG 1. Global Digital Twin Market, research methodology
  • FIG 2. Global Digital Twin Market, Market estimation techniques
  • FIG 3. Global Market size estimates & forecast methods
  • FIG 4. Global Digital Twin Market, key trends 2021
  • FIG 5. Global Digital Twin Market, growth prospects 2022-2029
  • FIG 6. Global Digital Twin Market, porters 5 force model
  • FIG 7. Global Digital Twin Market, pest analysis
  • FIG 8. Global Digital Twin Market, value chain analysis
  • FIG 9. Global Digital Twin Market by segment, 2019 & 2029 (USD Billion)
  • FIG 10. Global Digital Twin Market by segment, 2019 & 2029 (USD Billion)
  • FIG 11. Global Digital Twin Market by segment, 2019 & 2029 (USD Billion)
  • FIG 12. Global Digital Twin Market by segment, 2019 & 2029 (USD Billion)
  • FIG 13. Global Digital Twin Market by segment, 2019 & 2029 (USD Billion)
  • FIG 14. Global Digital Twin Market, regional snapshot 2019 & 2029
  • FIG 15. North America Digital Twin Market 2019 & 2029 (USD Billion)
  • FIG 16. Europe Digital Twin Market 2019 & 2029 (USD Billion)
  • FIG 17. Asia pacific Digital Twin Market 2019 & 2029 (USD Billion)
  • FIG 18. Latin America Digital Twin Market 2019 & 2029 (USD Billion)
  • FIG 19. Global Digital Twin Market, company Market share analysis (2021)

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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