Middle East and North Africa Digital Twins Market - 2024-2031

Overview

MENA Digital Twins Market reached US$ 252.5 Million in 2023 and is expected to reach US$ 10,785.3 Million by 2031, growing with a CAGR of 59.9% during the forecast period 2024-2031.

The MENA government has initiated more investments to promote the use of digital technologies, such as digital twins, to improve production, effectiveness and sustainability across a range of industries, including manufacturing, construction and urban planning. The rising use of Industry 4.0 concepts and technologies like artificial intelligence, advanced analytics and the Internet of Things is driving the need for digital twins since they improve asset performance and allow predictive maintenance.

On February 01, 2022, Neon Tech and Digital Company launched XVRS, the first cognitive digital twin metaverse platform in the market. By integrating digital and physical architectures within the NEOM framework alongside hyper-connected technologies and AI capabilities, XVRS will facilitate the seamless fusion of virtual and real environments. XVRS stands out by providing users with the novel concept of "multiple points of view," allowing them to participate in various locations throughout the metaverse simultaneously in real-time through teleportation, assuming the forms of avatars, holograms or robotic avatars.

UAE holds a prominent share in the MENA digital twins market driven by the increasing adoption of technology. Growing product launches by the major key players help to boost regional market growth over the forecast period. For instance, on November 02, 2021, ShaikhTech launched Matterport's innovative AI digital twin technology to UAE's real estate and construction market. ShaikhTech is enhancing remote monitoring capabilities in the construction and real estate sector by facilitating virtual tours and generating 3D digital twin models with the assistance of artificial intelligence (AI).

Dynamics

Growing Focus on the Predictive Maintenance

Predictive maintenance reduces maintenance costs for organizations in the Middle East and North Africa by minimizing unplanned downtime, preventing costly equipment breakdowns and improving maintenance schedules. Digital twins are a cost-effective way for organizations to keep an eye on the health and performance of their assets. The enables them to identify issues early and treat them before they grow.

By anticipating and proactively resolving maintenance needs based on real-time data and predictive analytics, predictive maintenance helps organizations in the MENA to maximize asset performance and dependability. Through the use of digital twins for asset condition and performance parameter monitoring organizations discover ways to increase asset efficiency, extend equipment lifespan and optimize operational uptime.

Predictive maintenance contributes to increased safety and regulatory compliance in several businesses in the Middle East and North Africa (MENA), including manufacturing, services and the energy sector. By lowering safety risks, preventing accidents and ensuring compliance with industry standards and laws by identifying likely equipment failures before they occur organizations improve workplace safety and operational integrity.

By improving maintenance duties and resource distribution, predictive maintenance improves operational effectiveness for businesses in the MENA. Organizations enhance overall operational efficiency by streamlining maintenance workflows, distributing resources efficiently and reducing downtime by using digital twins to prioritize maintenance activities based on asset health and importance.

Growing Adoption of the 3D Simulation and 3D Printing Software

Organizations generate incredibly precise simulations of actual possessions or processes by using 3D simulation software. The models subsequently serve as digital twins, providing an accurate representation of their real-world equivalent. Digital twins are more helpful in a variety of regions, such as smart cities, healthcare and manufacturing, because of this degree of precision.

Utilizing digital twin models as the foundation for 3D printing software enables businesses to quickly prototype and produce material parts. Businesses find possible problems in the design procedure by using digital twins produced by 3D simulation. The reduces the need for physical prototypes and minimizes production defects, which results in cost savings.

The combination of 3D simulation and digital twin technology enables companies to simulate different scenarios and iterate on designs quickly. Product development agility enables businesses to test novel ideas, improve designs and launch goods more quickly, all of which promote innovation. Digital twins are used to monitoring and assess physical assets' performance in actual time using 3D simulation software. The data-driven strategy opens the path for predictive maintenance, which minimizes downtime and boosts asset dependability by spotting potential issues and fixing them before they deteriorate.

High Cost of Implementation and Integration

It takes a lot of funds upfront to implement digital twinning solutions as you need to buy gear, software, infrastructure and trained staff. For organizations in the MENA particularly medium-sized enterprises (SMEs) with low financial resources, this initial capital cost is prohibitive. There are frequently extra expenses associated with integrating digital twinning technology with current systems, processes and data sources. To guarantee smooth integration with their current workflows and systems organizations might need to make investments in customizations, transfer of information, API connections and IT infrastructure modifications.

Deploying digital twinning solutions requires personnel with specialized skills and expertise in areas such as data analytics, IoT (Internet of Things) connectivity, AI (Artificial Intelligence) and visualization tools. Training existing employees or hiring new talent with these skills can incur additional costs for organizations. Beyond the initial implementation organizations also face ongoing operational costs associated with maintaining, managing and updating digital twinning solutions. The includes expenses related to software licenses, cloud services, data storage and technical support, which can add to the overall cost of ownership.

Segment Analysis

The MENA digital twins market is segmented based on deployment, technology, application, end-user and region.

Growing Adoption of Aircraft by Major key Players For Surveying

Based on the Deployment, the MENA digital twins' market is segmented into cloud-based and on-premise. Cloud-based digital twin solutions offer scalability and flexibility, allowing organizations in the MENA region to scale their digital twin deployments according to their needs without significant upfront investments in hardware or infrastructure.

The scalability enables businesses to adapt to changing requirements and accommodate growing datasets more effectively. With cloud-based digital twin solutions, businesses can get away with the need to spend money on hardware and software maintenance and on-premise infrastructure. Instead, their style of operation is subscription-based, which enables enterprises in the Middle East and North Africa (MENA) to obtain digital twin capabilities at a reduced total cost of ownership (TCO) and with fixed monthly or annual expenditures.

On November 09, 2023, Duality AI, the developer of a suite of tools that allow for simulating the real world so artificial intelligence and robots can navigate it using digital twins expanding its capabilities into the cloud and making it possible to access simulations through web browsers. The company has created a product called Falcon, which is a robust 3D virtual world solution developed using Epic Games Inc.'s Unreal Engine. Falcon is capable of accurately simulating real-world conditions and replicating various objects including terrain, buildings, vehicles, furniture and other obstacles, commonly referred to as digital twins.

Geographical Penetration

UAE is a Dominating Country in the MENA Digital Twins Market

The UAE has taken the lead in MENA countries' digital transformation initiatives. The Smart City Project in Dubai and the Smart Solutions and Services Authority (ADSSSA) in Abu Dhabi are two of the smart city initiatives that UAE government has announced. The projects manage infrastructure, develop cities and optimize public services using digital twin technology.

Growing multiple projects in UAE helps to boost the country's market growth over the forecast period. For instance, on October 18, 2022, according to the report published by the Emirates News Agency, the Abu Dhabi Department of Municipalities and Transport (DMT) has initiated the Abu Dhabi Digital Twin project. The project's objective is to present a detailed and precise depiction of the emirate, encompassing the external structures of buildings. It will enable users to navigate the emirate's growth in a three-dimensional format and assess extensive datasets.

Competitive Landscape

The major global players in the market include Cadmatic, Bluebeam, Inc., Cavendish Group International Ltd., Bureau Veritas, Altair Engineering Inc., Twyn, ABB, Ansys Inc., Autodesk Inc. and IBM Corporation.

COVID-19 Impact Analysis

In the MENA the epidemic accelerated attempts to digitally transform a variety of industries as businesses tried to adjust to new business practices, social distancing policies and remote employment. Demand for digital twin solutions increased as a result of the growing emphasis on digitization, which enhanced productivity, allowing for remote asset and operation management and optimized processes.

During the pandemic, working remotely became a new standard. Digital twin technologies enabled remote communication and decision-making by offering virtual copies of real-world locations and assets. Organizations in the Middle East and North Africa (MENA) utilized digital twins to facilitate remote asset maintenance, inspections and monitoring. The strategy decreased operational disruptions and eliminated the need for onsite workers.

The epidemic highlighted the importance of risk reduction and resilience to corporate operations. Digital twin technologies have been used in the MENA to replicate and analyze various scenarios, identify potential vulnerabilities and risks and develop contingency plans to assist preserve business continuity and resilience against future interruptions.

Middle East and North Africa (MENA) healthcare sector's pandemic response activities relied heavily on digital twins. Digital twins of medical facilities, equipment and patient data have enhanced pandemic control and management tactics by optimizing healthcare delivery, resource allocation and treatment management.

Russia-Ukraine War Impact Analysis

Further geopolitical instability in the region results from the escalating tensions between Russia and Ukraine. The MENA digital twin market see growth and investment impacted by investor confidence and decision-making being affected by geopolitical uncertainty and instability. Global supply chains, particularly those involving technology and digital twin components disrupted by the war. The deployment and functioning of digital twin projects in the MENA area are impacted by supply chain interruptions, which might cause delays in the delivery of digital twin systems, parts and software upgrades.

The conflict may lead to shifts in resource allocation and priorities for governments and organizations in the MENA region. Financial resources and government funding that could have been allocated to digital twin projects may be redirected towards other priorities such as defense, security and humanitarian aid, potentially impacting market growth.

The conflict between Russia and Ukraine could affect technology partnerships and collaborations in the global technology industry, including those related to digital twin solutions. Disruptions or tensions in technology partnerships may affect the availability, integration and support of digital twin technologies in the MENA region.

By Deployment

• Cloud-based
• On-Premise

By Technology

• IoT (Internet of Things) Technology
• Artificial Intelligence (AI) and Machine Learning
• Augmented Reality (AR) and Virtual Reality (VR)
• Others

By Application

• Predictive Maintenance
• Business Optimization
• Performance Monitoring
• Inventory Management
• Others

By End-User

• Manufacturing
• Healthcare
• Automotive and Transportation
• Aerospace and Defense
• Energy and Utilities
• Smart Cities and Infrastructure
• Others

By Region

• Middle East and North Africa
  • Saudi Arabia
  • UAE
  • Oman
  • Bahrain
  • Qatar
  • Kuwait
  • Egypt
  • Iran
  • Iraq
  • Israel
  • Rest of MENA

Key Developments

• On February 13, 2023, KPMG launched a metaverse and digital twin hub in Saudi Arabia. Under the agreement, Microsoft will supply the infrastructure and gaming platform, while Ericsson's 5G technology and network will be utilized by the center. Meta key has been tasked with developing 3D objects as part of the arrangement.
• On February 17, 2023, Indian Company Genesis International, a subsidiary in Saudi Arabia awarded a contract for the 3D digital twin mapping of Mecca by Saudi Arabia. It is valued at RS 26 crore and it is marked as a historic venture into using digital twin mapping technology for urban planning. Monitoring and modeling.
• On October 24, 2023, Naver Corp, a South Koreas dominant web portal giant won contract to develop a Digital Twin platform for Saudi Arabia's Ministry of Municipal and Rural Affairs (MOMRAH).

Why Purchase the Report?

• To visualize the MENA digital twins market segmentation based on deployment, technology, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of team collaboration tools market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The MENA digital twins market report would provide approximately 50 tables, 45 figures and 162 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies