Digital Twin Market
Report Scope:
The report provides an overview of the global market for digital twins and analyzes market trends. Using 2020 as the base year, the report estimates the market for the forecast period 2021 through 2026. Revenue forecasts for this period are segmented based on type, application, industry and geographic region.
The report also focuses on the drivers and challenges that affect the market and the vendor landscape. The report explores the competitive landscape and current trends in the digital twin market. The report concludes with an analysis of the digital twin vendor landscape and includes profiles of the major players in the global market.
Report Includes:
- 32 data tables and 60 additional tables
- An up-to-date overview of the global market for digital twin technologies
- Analyses of the global market trends, with data from 2020-2021, estimates for 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the digital twin market size, forecasted growth trends, and corresponding market share analysis by type of technology, application, end-user industry, and geographic region
- Highlights of the market potential for digital twins and areas of focus to forecast this market into various segments and sub-segments
- In-depth information (facts and figures) concerning market drivers, opportunities, challenges and other demographic and economic factors that will drive future demand for digital twins
- Review of emerging companies and the leading competitors in the prevailing digital twin industry
- Discussion of industry value chain analysis, major stakeholders, and COVID-19 implications on the progress of this market
- Descriptive company profiles of the major global players, including ABB Group, Autodesk, Inc., Bentley Systems, Dassault Systèmes, GE Digital, Rockwell Automation Inc., and Schneider Electric SE
Companies Mentioned
ABB Group
ANSYS, INC.
AUTODESK, INC.
AVEVA INC.
BENTLEY SYSTEMS INC.
BOSCH REXROTH AG
DASSAULT SYSTEMES
GE DIGITAL
IBM CORP.
INFOSYS LTD.
MICROSOFT CORP.
ORACLE CORP.
PTC INC.
ROCKWELL AUTOMATION, INC.
SAP SE
SAS INSTITUTE INC.
SCHNEIDER ELECTRIC SE
TIBCO SOFTWARE INC.
- Chapter 1 Introduction
- Study Goals and Objectives
- Reasons for Doing this Study
- Scope of Report
- Information Sources
- Methodology
- Intended Audience
- Geographic Breakdown
- Analyst's Credentials
- BCC Custom Research
- Related BCC Research Reports
- Chapter 2 Summary and Highlights
- Chapter 3 Market and Technology Background
- Technology Overview
- History and Evolution of Digital Twin
- Market Drivers
- Growing Demand for Smart Connected Devices, Industrial and Home Automation Devices
- Infrastructural Development in Terms of Smart Cities, Factory Automation and Industry 4.0
- Increasing Amounts of Real-Time Data Generated From IoT and Other Smart Devices
- Growing Adoption of IoT, Wireless Connectivity, AI and 5G
- Adoption of 3D Printing Technologies in Manufacturing Facilities
- Increase in Collaborations and Acquisition to Offer Digital Twin Solutions With Existing Advanced Technologies
- Market Restraints
- Growing Number of Cyberattacks Around the World
- Lack of Uniform Communication Standards
- Government Regulations Impacting the IoT Platform Market
- Shortage of Semiconductor Chips across Industries
- Lack of IT Infrastructure and Connectivity
- Impact of COVID-19 on the Digital Twin Market
- Chapter 4 Market Breakdown by Type
- Introduction
- Product Digital Twins
- Process Digital Twins
- System Digital Twins
- Chapter 5 Market Breakdown by Application
- Introduction
- Product Design and Development
- Performance Monitoring
- Predictive Maintenance
- Supply Chain and Inventory Management
- Other Applications
- Cross-discipline Collaboration
- Improved Customer Experience
- Chapter 6 Market Breakdown by Industry
- Smart Cities
- Automotive and Transportation
- Healthcare
- Agriculture
- Energy and Utilities (Oil & Gas and Power)
- Aerospace and Defense
- Other Industries
- Banking, Financial Services and Insurance
- Retail
- Food and Beverage
- Construction
- Chapter 7 Market Breakdown by Region
- The Americas
- North America
- South America
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- Middle East and Africa
- Middle East
- Africa
- Chapter 8 Company Profiles
- Technology and Platform Providers
- IBM CORP.
- INFOSYS LTD.
- MICROSOFT CORP.
- ORACLE CORP.
- PTC INC.
- SAP SE
- SAS INSTITUTE INC.
- TIBCO SOFTWARE INC.
- Digital and Automation Providers
- ABB GROUP
- ANSYS, INC.
- AUTODESK, INC.
- AVEVA INC.
- BENTLEY SYSTEMS INC.
- BOSCH REXROTH AG
- DASSAULT SYSTEMES
- GE DIGITAL
- ROCKWELL AUTOMATION, INC.
- SCHNEIDER ELECTRIC SE
- Chapter 9 Appendix: Acronyms
- List of Tables
- Summary Table : Global Market for Digital Twins, by Industry, Through 2026
- Table 1 : Major IoT Devices
- Table 2 : Business Applications Enabled by Digital Twin
- Table 3 : Types of Cyberattacks
- Table 4 : Cyberattacks That Occurred in 2021
- Table 5 : Recent Initiatives in the Wake of COVID-19 with the Help of IoT
- Table 6 : Global Market for Digital Twins, by Type, Through 2026
- Table 7 : Global Market for Digital Twins, by Application, Through 2026
- Table 8 : Global Market for Digital Twins in Product Design and Development, by Industry, Through 2026
- Table 9 : Global Market for Digital Twins in Performance Monitoring, by Industry, Through 2026
- Table 10 : Global Market for Digital Twins in Predictive Maintenance, by Industry, Through 2026
- Table 11 : Global Market for Digital Twins in Supply Chain and Inventory Management, by Industry, Through 2026
- Table 12 : Global Market for Digital Twins in Other Applications, by Industry, Through 2026
- Table 13 : Global Market for Digital Twins, by Industry, Through 2026
- Table 14 : Global Market for Digital Twins in Smart Cities, by Region, Through 2026
- Table 15 : Global Market for Digital Twins in Smart Cities, by Application, Through 2026
- Table 16 : Global Market for Digital Twins in Automotive and Transportation, by Region, Through 2026
- Table 17 : Global Market for Digital Twins in Automotive and Transportation, by Application, Through 2026
- Table 18 : Global Market for Digital Twins in Healthcare, by Region, Through 2026
- Table 19 : Global Market for Digital Twins in Healthcare, by Application, Through 2026
- Table 20 : Global Market for Digital Twins in Agriculture, by Region, Through 2026
- Table 21 : Global Market for Digital Twins in Agriculture, by Application, Through 2026
- Table 22 : Global Market for Digital Twins in Energy and Utilities, by Region, Through 2026
- Table 23 : Global Market for Digital Twins in Energy and Utilities, by Application, Through 2026
- Table 24 : Global Market for Digital Twins in Aerospace and Defense, by Region, Through 2026
- Table 25 : Global Market for Digital Twins in Aerospace and Defense, by Application, Through 2026
- Table 26 : Global Market for Digital Twins in Other Industries, by Region, Through 2026
- Table 27 : Global Market for Digital Twins in Other Industries, by Application, Through 2026
- Table 28 : Global Market for Digital Twins, by Region, Through 2026
- Table 29 : The Americas Market for Digital Twins, by Industry, Through 2026
- Table 30 : The Americas Market for Digital Twins, by Country, Through 2026
- Table 31 : European Market for Digital Twin, by Industry, Through 2026
- Table 32 : European Market for Digital Twins, by Country, Through 2026
- Table 33 : Asia-Pacific Market for Digital Twins, by Industry, Through 2026
- Table 34 : Asia-Pacific Market for Digital Twins, by Country, Through 2026
- Table 35 : MEA Market for Digital Twins, by Industry, Through 2026
- Table 36 : MEA Market for Digital Twins, by Sub-Region, Through 2026
- Table 37 : IBM Corp.: Company Snapshot
- Table 38 : IBM Corp.: Product Information
- Table 39 : IBM Corp.: Recent Developments
- Table 40 : Infosys Ltd: Company Snapshot
- Table 41 : Infosys Ltd: Product Information
- Table 42 : Infosys Ltd: Recent Developments
- Table 43 : Microsoft Corp.: Company Snapshot
- Table 44 : Microsoft Corp.: Product Information
- Table 45 : Microsoft Corp.: Recent Developments
- Table 46 : Oracle Corp.: Company Snapshot
- Table 47 : Oracle Corp.: Product Information
- Table 48 : Oracle Corp.: Recent Developments
- Table 49 : Ptc Inc.: Company Snapshot
- Table 50 : Ptc Inc.: Product Information
- Table 51 : Ptc Inc.: Recent Developments
- Table 52 : SAP SE: Company Snapshot
- Table 53 : SAP SE: Product Information
- Table 54 : SAP SE: Recent Developments
- Table 55 : SAS Institute Inc.: Company Snapshot
- Table 56 : SAS Institute Inc.: Product Information
- Table 57 : SAS Institute Inc.: Recent Developments
- Table 58 : Tibco Software Inc.: Company Snapshot
- Table 59 : Tibco Software Inc.: Product Information
- Table 60 : Tibco Software Inc.: Recent Developments
- Table 61 : ABB Group: Company Snapshot
- Table 62 : ABB Group: Product Information
- Table 63 : ABB Group: Recent Developments
- Table 64 : ANSYS, Inc.: Company Snapshot
- Table 65 : ANSYS, Inc.: Product Information
- Table 66 : ANSYS, Inc.: Recent Developments
- Table 67 : Autodesk, Inc.: Company Snapshot
- Table 68 : Autodesk, Inc.: Product Information
- Table 69 : Autodesk, Inc.: Recent Developments
- Table 70 : AVEVA Inc.: Company Snapshot
- Table 71 : AVEVA Inc.: Product Information
- Table 72 : AVEVA Inc.: Recent Developments
- Table 73 : Bentley Systems Inc.: Company Snapshot
- Table 74 : Bentley Systems Inc.: Product Information
- Table 75 : Bentley Systems Inc.: Recent Developments
- Table 76 : Bosch Rexroth AG: Company Snapshot
- Table 77 : Bosch Rexroth AG: Product Information
- Table 78 : Bosch Rexroth AG: Recent Developments
- Table 79 : Dassault Systèmes: Company Snapshot
- Table 80 : Dassault Systèmes: Product Information
- Table 81 : Dassault Systèmes: Recent Developments
- Table 82 : GE Digital: Company Snapshot
- Table 83 : GE Digital: Product Information
- Table 84 : GE Digital: Recent Developments
- Table 85 : Rockwell Automation, Inc.: Company Snapshot
- Table 86 : Rockwell Automation, Inc.: Product Information
- Table 87 : Rockwell Automation, Inc.: Recent Developments
- Table 88 : Schneider Electric SE: Company Snapshot
- Table 89 : Schneider Electric SE: Product Information
- Table 90 : Schneider Electric SE: Recent Developments
- Table 91 : List of Acronyms Used in This Report
- List of Figures
- Summary Figure : Global Market for Digital Twins, Projection and Trends, 2020-2026
- Figure 1 : Digital Twin System Architecture
- Figure 2 : Timeline of Evolution of Digital Twin
- Figure 3 : Current Stages of Digital Twin
- Figure 4 : Operational Stock of Industrial Robots, Global, 2010-2020
- Figure 5 : Sequence of Operations in the Integration Model
- Figure 6 : Global CyberAttacks, by Category, 2020
- Figure 7 : Global Market Shares of Digital Twins, by Type, 2020
- Figure 8 : Global Market for Product Digital Twins, 2020-2026
- Figure 9 : Global Market for Process Digital Twins, 2020-2026
- Figure 10 : Global Market for System Digital Twins, 2020-2026
- Figure 11 : Global Market Shares of Digital Twins, by Application, 2020
- Figure 12 : Global Market Shares for Digital Twins in Product Design and Development, by Industry, 2020
- Figure 13 : Global Market Shares for Digital Twins in Performance Monitoring, by Industry, 2020
- Figure 14 : Approach for Using a Modular Paradigm to Build an ML-Powered Digital Twin
- Figure 15 : Global Market Shares of Digital Twins in Predictive Maintenance, by Industry, 2020
- Figure 16 : Global Market Shares of Digital Twins in Supply Chain and Inventory Management, by Industry, 2020
- Figure 17 : Global Market Shares of Digital Twins in Other Applications, by Industry, 2020
- Figure 18 : Global Market Shares of Digital Twins, by Industry, 2020
- Figure 19 : Global Market Shares of Digital Twin in Smart Cities, by Region, 2020
- Figure 20 : Global Market Shares of Digital Twins in Smart Cities, by Application, 2020
- Figure 21 : View of Product Life Cycle Data in the Automotive Industry
- Figure 22 : Global Market Shares of Digital Twins in Automotive and Transportation, by Region, 2020
- Figure 23 : Global Market Shares of Digital Twins in Automotive and Transportation, by Application, 2020
- Figure 24 : Digital Twins in the Healthcare Industry
- Figure 25 : Global Market Shares of Digital Twins in Healthcare, by Region, 2020
- Figure 26 : Global Market Shares of Digital Twins in Healthcare, by Application, 2020
- Figure 27 : Global Market Shares of Digital Twins in Agriculture, by Region, 2020
- Figure 28 : Global Market Shares of Digital Twins in Agriculture, by Application, 2020
- Figure 29 : Global Market Shares of Digital Twins in Energy and Utilities, by Region, 2020
- Figure 30 : Global Market Shares of Digital Twins in Energy and Utilities, by Application, 2020
- Figure 31 : Global Market Shares of Digital Twins in Aerospace and Defense, by Region, 2020
- Figure 32 : Global Market Shares of Digital Twins in Aerospace and Defense, by Application, 2020
- Figure 33 : Global Market Shares of Digital Twins in Other Industries, by Region, 2020
- Figure 34 : Global Market Shares of Digital Twins in Other Industries, by Application, 2020
- Figure 35 : Global Market Shares of Digital Twins, by Region, 2020
- Figure 36 : The Americas Market Shares of Digital Twins, by Industry, 2020
- Figure 37 : The Americas Market Shares of Digital Twins, by Country, 2020
- Figure 38 : European Market Shares of Digital Twin, by Industry, 2020
- Figure 39 : European Market Shares of Digital Twins, by Country, 2020
- Figure 40 : Asia-Pacific Market Shares of Digital Twins, by Industry, 2020
- Figure 41 : Asia-Pacific Market Shares of Digital Twins, by Country, 2020
- Figure 42 : MEA Market Shares of Digital Twins, by Industry, 2020
- Figure 43 : MEA Market Shares of Digital Twins, by Sub-Region, 2020
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