Press release
Global Digital Twin Market Study Reveals Growth Factors and Competitive Outlook for Future | Industry Lealing Key Players- IBM Corporation (US), Accenture PLC (Ireland), Microsoft Corporation (US), Oracle Corporation (US), Dassault Systèmes SE (France),
In 2017, North America dominated the global market with the regional share valued at USD 691.2 million; it is expected to register a CAGR of 42.77% during the forecast period. However, the market in Asia-Pacific is expected to be the fastest-growing at the highest CAGR of 45.19% during the review period. The global digital twin market has been segmented on the basis of end-use application, type, and region.
By end-use application, the market has been segmented into aerospace & defense, automotive & transportation, electronics & electrical/machine manufacturing, healthcare, retail, energy & utilities, home & commercial, and others. Based on type, the market has been segmented into parts twin, product twin, process twin, and system twin.
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Under the end-use application, the electronics & electrical/machine manufacturing segment held the largest market share, valued at 528.8 million in 2017; it is projected to register a CAGR of 43.97% during the forecast period. However, the automotive & transportation segment is expected to grow at faster CAGR of 44.94% during the forecast period.
By type, the product twin segment accounted for the highest market value of 713.2 million in 2017; the segment is projected to exhibit a CAGR of 43.35% during the review period. However, system twin segment is expected to grow at a higher CAGR of 44.46% during the forecast period.
Key Players
The key players in the global digital twin market are IBM Corporation (US), Accenture PLC (Ireland), Microsoft Corporation (US), Oracle Corporation (US), Dassault Systèmes SE (France), Cisco Systems, Inc. (US), SAP SE (Germany), General Electric (US), Siemens AG (Germany), ANSYS Inc (US), PTC Inc. (US),
Global Digital Twin Market Analysis & Forecast, from 2018 to 2025
To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global digital twin market
To provide insights into factors affecting market growth
To analyze the global digital twin market based on Porter's Five Forces analysis
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries—North America, Europe, Asia-Pacific, and the rest of the world
To provide country-level analysis of the market with respect to the current market size and future prospects
To provide country-level analysis of the market for segments on the basis of end user application and type
To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers & acquisitions, product developments, and research and developments in the global digital twin market
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Target Audience
Technology investors• Research/consultancy firms• Original equipment manufacturers (OEMs)
Government bodies
Digital twin service providers
Organizations, associations and alliances
Industry associationsKey Findings
The global digital twin market is expected to reach USD 35462.4 million by 2025.
Based on end-use application, electronics & electrical/machine manufacturing segment held the largest market share which was valued at 528.8 million in 2017; it is projected to register a CAGR of 43.97% during the forecast period
By type, the product twin segment accounted for the highest market value of 713.2 million in 2017; the segment is projected to exhibit a CAGR of 43.35% during the review period. However, system twin segment is expected to grow at faster CAGR of 44.46% during the forecast period.
Geographically, North America is projected to be the largest regional market in the global smart hospital market.Regional and Country-Level Analysis of the Global Digital Twin Market, Estimation and ForecastNorth America is expected to lead the global digital twin market with a CAGR of 42.77% during the forecast period. Europe is projected to be the second-largest market exhibiting a CAGR of 41.89%. However, the market in Asia-Pacific is expected to be the fastest-growing at 45.19% CAGR.
The market in the rest of the world is projected to register a CAGR of 38.89% during the forecast period.The report on the global digital twin market also covers the following country-level analysis:• North Americao USo Canadao Mexico• Europeo UKo Germanyo Franceo Spaino Italyo Rest of Europe• Asia-Pacifico Chinao Indiao Japano South Koreao Rest of Asia-Pacific• Rest of the Worldo Middle East and Africao South America.
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About Kenneth Research
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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