Digital Twin Market Size & Share, by Type (Process, System, Product); Technology (Augmented Reality,Virtual Reality, IoT & IIoT); Function (Predictive Maintenance, Modernization & Repair); Deployment (Cloud, On-Premises); Component (Software, Services); Organization (Large Enterprise, SMEs); End-user (Urban Planning Infrastructure, Automotive) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4226
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Companies Dominating the Digital Twin Landscape

    • Accenture plc
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • IBM Corporation
    • GE Group
    • Microsoft Corporation
    • Atos SE
    • DXC Technology
    • ANSYS, Inc.
    • Bentley Systems, Incorporated
    • Autodesk Inc.
    • NVIDIA Corporation

Browse Key Market Insights with Data Illustration:


In The News

  • Atos SE along with Siemens have joined hands together to build ‘Process Digital Twin’. It is a twin technology which is integrated with IoT, AI and Advanced Analytics for improving efficiency and flexibility in the manufacturing of pharmaceutical products.

  • ANSYS, Inc. along with ENGIE Lab CRIGEN is employing Ansys' digital twin solution for helping companies transition to carbon-free energy and cut costs, time along with environmental impact.

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 4226
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors expected to drive the growth of the market are transition towards digitalization, rise in adoption of industry 4.0, increasing focus on partnership and product launch, and others.

The market size of digital twin is anticipated to attain a CAGR of ~44% over the forecast period, i.e., 2023-2035.

Concern for cyber security, high cost, and requirement of huge investment are some of the major factors expected to hinder the growth of the market.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future

The major players in the market are Accenture plc, IBM Corporation, GE Group, Microsoft Corporation, Atos SE, DXC Technology, and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, technology, function, deployment, component, enterprise, end-user, and by region.

The cloud segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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