Global Digital Twin Market Analysis Report by 2026

Global Digital Twin
Market Analysis, 2021
marknteladvisors.com

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© 2021. All Rights Reserved | MarkNtel Advisors 2
Table of Content
Study Background, Market Segmentation, Scope of Work
Research Process & Methodology
Research Approach, Research Methodology
Sample Illustration
Global Digital Twin Market Analysis, 2021
Commercials
Company Profile
About the company
Contact Details
02
22
33
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Document Outline

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© 2021. All Rights Reserved | MarkNtel Advisors
Market Segmentation
Global Digital Twin Market
By Type
• Parts Twin
• Product Twin
• Process Twin
• System Twin
By Region
• North America
• The US
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Colombia
• Rest of South
America
• Europe
• Germany
• The UK
• France
• Italy
• Spain
• Rest of
Europe
• Middle East &
Africa
• Turkey
• Saudi Arabia
• UAE
• Qatar
• South Africa
• Rest of
Middle East
& Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• India
• Rest of APAC
By Application
• Product Design &
Development
• Machine Equipment &
Health Monitoring
• Predictive Maintenance
• Dynamic Optimization
By End Users
• Manufacturing
• Agriculture
• Automotive & Transportation
• Energy & Utilities
• Healthcare & Life Sciences
• Residential & Commercial
• Retail & Consumer Goods
• Others
By Technology
• Digital Twin Spark (DTS-Si)
• Predix
• Advanced Swirl Flow
Induction System (APDV
• Others
By Deployment
• Cloud
• On-Premises
• Hybrid
By Company
• Siemens AG
• General Electric Company
• IBM Corporation
• SAP SE
• Microsoft Corporation
• PTC Inc.
• ANYSYS, Inc.
• Oracle Corporation
• Dassault Systems
• Robert Bosch
• Amazon Web Services
• Autodesk Inc
• Cisco Systems Inc
• Alphabet Inc
• ABB
• Others

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Study Background – Project Outline (1/18)
Table of Content
1. Introduction
1.1. Research Process
1.2. Assumption
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Digital Twin Market Outlook, 2016- 2026F
4.1. Market Size and Analysis
4.1.1.By Revenues
4.2. Market Share and Analysis
4.2.1.By Type
4.2.1.1. Parts Twin
4.2.1.2. Product Twin
4.2.1.3. Process Twin
4.2.1.4. System Twin
4.2.2.By Technology
4.2.2.1. DTS-Si
4.2.2.2. Predix
4.2.2.3. APDV
Historical Year: 2016 | Base Year: 2020 | Forecast Year: 2026

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Study Background – Project Outline
Table of Content
4.2.2.4. Other
4.2.3. By Application
4.2.3.1. Product Design and Development
4.2.3.2. Machine & Equipment Health Monitoring
4.2.3.3. Predictive Maintenance
4.2.3.4. Dynamic Optimization
4.2.4. By Deployment Type
4.2.4.1. Cloud
4.2.4.2. On-Premises
4.2.4.3. Hybrid
4.2.5. By End User
4.2.5.1. Manufacturing
4.2.5.2. Agriculture
4.2.5.3. Automotive & Transportation
4.2.5.4. Energy & Utilities
4.2.5.5. Healthcare & Life Sciences
4.2.5.6. Residential & Commercial
4.2.5.7. Retail & Consumer Goods
4.2.5.8. Others
4.2.6. By Region
(2/18)

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Table of Content
4.2.6.1. North America
4.2.6.2. South America
4.2.6.3. Europe
4.2.6.4. Middle East & Africa
4.2.6.5. Asia-Pacific
4.2.7. By Company
4.2.7.1. Revenue Shares
4.2.7.2. Strategic Factorial Indexing
4.2.7.3. Competitor Placement in Markntel Quadrant
5. North America Digital Twin Market Outlook, 2016- 2026F
5.1.1. By Revenues
5.2.1. By Type
5.2.2. By Technology
5.2.5. By End User
5.2.6. By Country
5.2.6.1. US
(3/18)

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Table of Content
5.2.6.2. Canada
5.2.6.3. Mexico
5.3. The US Digital Twin Market Outlook, 2016- 2026F
5.3.1. Market Size and Analysis
5.3.1.1. By Revenues
5.3.2. Market Share and Analysis
5.3.2.1. By Type
5.3.2.2. By Technology
5.3.2.3. By Deployment Type
5.3.2.4. By Application
5.3.2.5. By End User
5.4. Canada Digital Twin Market Outlook, 2016- 2026F
5.4.2.1. By Type
(4/18)

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Table of Content
5.5. Mexico Digital Twin Market Outlook, 2016- 2026F
5.5.2.1. By Type
6. South America Digital Twin Market Outlook, 2016- 2026F
6.1.1. By Revenues
6.2.1. By Type
6.2.5. By End User
6.2.6. By Country
6.2.6.1. Brazil
(5/18)

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Table of Content
6.2.6.2. Argentina
6.2.6.3. Columbia
6.3. Brazil Digital Twin Market Outlook, 2016- 2026F
6.3.2.1. By Type
6.4. Argentina Digital Twin Market Outlook, 2016- 2026F
6.4.2.1. By Type
(6/18)

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Table of Content
6.5. Columbia Digital Twin Market Outlook, 2016- 2026F
6.5.2.1. By Type
7. Europe Digital Twin Market Outlook, 2016- 2026F
7.1.1. By Revenues
7.2.1.1. By Type
7.2.2. By Country
7.2.2.1. Germany
(7/18)

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Table of Content
7.2.2.2. Italy
7.2.2.3. France
7.2.2.4. UK
7.2.2.5. Spain
7.3. Germany Digital Twin Market Outlook, 2016- 2026F
7.3.2.1. By Type
7.4. Italy Digital Twin Market Outlook, 2016- 2026F
7.4.2.1. By Type
(8/18)

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Table of Content
7.5. France Digital Twin Market Outlook, 2016- 2026F
7.5.2.1. By Type
7.6. UK Digital Twin Market Outlook, 2016- 2026F
7.6.2.1. By Type
(9/18)

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Table of Content
7.7. Spain Digital Twin Market Outlook, 2016- 2026F
7.7.2.1. By Type
8. Middle East & Africa Digital Twin Market Outlook, 2016- 2026F
8.1.1. By Revenues
8.2.1. By Type
8.2.5. By End User
8.2.6. By Country
8.2.6.1. Turkey
(10/18)

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Table of Content
8.2.6.2. Saudi Arabia
8.2.6.3. UAE
8.2.6.4. Qatar
8.2.6.5. South Africa
8.3. Turkey Digital Twin Market Outlook, 2016- 2026F
8.3.2.1. By Type
8.4. Saudi Arabia Digital Twin Market Outlook, 2016- 2026F
8.4.2.1. By Type
(11/18)

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Table of Content
8.5. UAE Digital Twin Market Outlook, 2016- 2026F
8.5.2.1. By Type
8.6. Qatar Digital Twin Market Outlook, 2016- 2026F
8.6.2.1. By Type
(12/18)

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Table of Content
8.7. South Africa Digital Twin Market Outlook, 2016- 2026F
8.7.2.1. By Type
9. Asia-Pacific Digital Twin Market Outlook, 2016- 2026F
9.1.1. By Revenues
9.2.1. By Type
9.2.5. By End User
9.2.6. By Country
9.2.6.1. China
(13/18)

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Table of Content
9.2.6.2. India
9.2.6.3. Japan
9.2.6.4. Australia
9.3. China Digital Twin Market Outlook, 2016- 2026F
9.3.2.1. By Type
9.4. Australia Digital Twin Market Outlook, 2016- 2026F
9.4.2.1. By Type
(14/18)

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Table of Content
9.5. Japan Digital Twin Market Outlook, 2016- 2026F
9.5.2.1. By Type
9.6. India Digital Twin Market Outlook, 2016- 2026F
9.6.2.1. By Type
9.7. South Korea Digital Twin Market Outlook, 2016- 2026F
(15/18)

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Table of Content
9.7.2.1. By Type
9.8. Singapore Digital Twin Market Outlook, 2016- 2026F
9.8.2.1. By Type
10. Global Digital Twin Market Policies, Regulations, Type Standards
11. Global Digital Twin Market Trends & Insights
12. Global Digital Twin Market Dynamics
(16/18)

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Table of Content
12.1. Growth Drivers
12.2. Challenges
12.3. Impact Analysis
13. Global Digital Twin Market Hotspot and Opportunities
14. Global Digital Twin Market Key Strategic Imperatives for Success and Growth
15. Competitive Outlook
15.1. Competition Matrix
15.1.1. Portfolio
15.1.2. Brand Specialization
15.1.3. Target Markets
15.1.4. Target Gearbox Types
15.1.5. Research & Development
15.1.6. Strategic Alliances
15.1.7. Strategic Initiatives
15.2. Company Profiles (Business Description, Gearbox Type Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
15.2.1. Siemens AG
15.2.2. General Electric Company
15.2.3. IBM Corporation
15.2.4. SAP SE
15.2.5. Microsoft Corporation
(17/18)

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Table of Content
15.2.6. PTC Inc.
15.2.7. ANYSYS, Inc.
15.2.8. Oracle Corporation
15.2.9. Dassault Systems
15.2.10. Robert Bosch
15.2.11. Amazon Web Services
15.2.12. Autodesk Inc
15.2.13. Cisco Systems Inc
15.2.14. Alphabet Inc
15.2.15. ABB
16. Disclaimer
(18/18)

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Table of Content
Sample Illustration
Commercials
Company Profile
About the company
Contact Details
33
79
81
83
Document Outline
22
02

Global Digital Twin Market Outlook, 2016-2026F

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2016 2017 2018 2019 2020 2021F 2022F 2023F 2024F 2025F 2026F
CAGR: X%
COVID-19 Impact
Figure XX: Global Digital Twin Market Revenues (USD Million), 2016-26F
Overview
• The global digital twin market is projected to grow from USD X billion in 2020 to USDX 29.57 billion by 2026, at a CAGR X% from 2021 to 2026. The growth in the
digital twin market is expected to be driven by the increasing demand for asset health optimization, growing market penetration of Industrial IoT solutions, and the
rising establishment of smart building infrastructure to ensure optimum energy consumption.
• In 2020, the digital twin market is expected to experience downfall of 44.68% from $4.80 billion in 2019, due to the COVID-19 pandemic, as testing and the simulation
process for the implementation of the virtual model have been at a standstill in the first half of the year. With the lockdown being imposed in most parts across the
world, there has been scarcity of resources worldwide, which is expected to impact the global digital twin market for this particular year. However, the growth of digital
twin technology market is expected to revive sparsely from Q3 2020 once the operational activities become normal post lockdown, as the technology would allow the
Global Digital Twin Market, By Revenues
CAGR: X%
(1/3)
Source: MarkNtel Advisors

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(1/5)
Global Digital Twin Market, By Type
Introduction
• Part Twin: The manufacturing companies are making innovations in their end-user product, which generates the requirement for part twin. Hence, the demand for
part twin is generating in the manufacturing sector during 2015-22019.
• System Twin: This segment dominated the global digital twin market owing to the rising use of system digital twin in various industries such as oil and gas,
automotive & transportation, etc. Growing demand for connected devices in the automotive & transportation Market is generating demand for digital twin, which in
turn boosts the global digital twin market.
• Process Twin: Process twin provide benefits such as prevent breakdown, generate enterprise cost through personalized services, drive product innovation through
mixed-reality technology, etc. are adding demand for process twin throughout the globe.
Parts Twin
Product Twin
Process Twin
System Twin
2020 2026
2020 2026F
Parts Twin Product Twin Process Twin System Twin
Revenue Share (Percentage) Revenues (USD Million), 2020-2026F
Figure XX: Global Digital Twin Market By Revenue (USD Million), By Revenue Share (Percentage), By Type, 2020 & 2026F
CAGR- X%

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(1/3)
Global Digital Twin Market, By Technology
Market Brief
• XX
• XX
• XX
DTS-Si
Predix
APDV
Other
2020 2026
2020 2026F
DTS-Si Predix APDV Other
Figure XX: Global Digital Twin Market By Revenue (USD Million), By Revenue Share (Percentage), By Technology, 2020 & 2026F
CAGR- X%

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(1/3)
Global Digital Twin Market, By Application
• Predictive Maintenance: The use of predictive maintenance with digital twin has increased in industries including oil and gas, power utilities, etc. as there is a need
to monitor Market equipment's to evade failure in the Asia-Pacific region. Growing need and adoption of predictive maintenance is further adding to the growing
demand for digital twin in the region in the years to come.
• Dynamic Optimization: This segment plays an essential role in every Market to formulate policies based on the future estimation of outcomes. Companies in the
countries such as China, Japan, Australia are using the digital twin to formulate decision and policies, growing demand for digital twin in these countries are surging the
Asia Pacific digital twin market
• Product Design and Development: Digital twin is used by the manufacturing companies to improve product quality and minimizes cost and time of product
production. Growing demand for digital twin in the manufacturing sector is boosting the Asia Pacific digital twin market
Product Design
and Development
Machine &
Equipment Health
Monitoring
Predictive
Maintenance
Dynamic
Optimization
2020 2026
2020 2026F
Product Design and Development Machine & Equipment Health Monitoring
Predictive Maintenance Dynamic Optimization
Figure XX: Global Digital Twin Market By Revenue (USD Million), By Revenue Share (Percentage), By Application, 2020 & 2026F
CAGR- X%

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(1/2)
Global Digital Twin Market, By Deployment
Market Brief
• XX
• XX
• XX
• XX
Cloud
On-Premises
Hybrid
2020 2026
2020 2026F
Cloud On-Premises Hybrid
Figure XX: Global Digital Twin Market By Revenue (USD Million), By Revenue Share (Percentage), By Deployment, 2020 & 2026F
CAGR- X%

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Global Digital Twin Market, By Company
Figure XX: Global Digital Twin Market, Competition Characteristics, 2021
Sr. No. Particulars Description
1. Competition Concentration Highlights
• XX
• XX
2. Number of Companies in the Market • XX+
3. Competitive Factors
• XX
• XX
4. Key End User Groups • Manufacturers, XX, XX
5. Major Market Participants • AWS, XX, XX, XX, XX
6. Market Share of Top 5 Competitors • X%
7. Other Notable Participants • XX, XX, XX, XX
8. Notable Strategic Events • XX
(1/9)

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(2/9)
Global Digital Twin Market Strategic Factorial Indexing
Figure XX: Global Digital Twin Market Strategic Factorial Indexing, By Top Players, 2021
Parameters AWS XX XX XX XX
Client Focus
Client Acquisition Framework 4.5 XX XX XX XX
Existing Client Base 4.5 XX XX XX XX
Client feedback on Products/Services 4.5 XX XX XX XX
Satisfaction in terms of Value for Money 4.5 XX XX XX XX
Overall Customer Experience with the Brand 4.5 XX XX XX XX
Brand
Capabilities
Proximity between Existing Product Portfolio and End Users Need 4.0 XX XX XX XX
Existing capabilities/proven competencies in the market in product delivery 5.0 XX XX XX XX
Strength of Distribution Network 5.0 XX XX XX XX
Product Marketing 5.0 XX XX XX XX
Brand Image of Channel Partner 4.0 XX XX XX XX
Brand Image of Equipment Supplier 5.0 XX XX XX XX
Brand Awareness of Channel Partner 4.0 XX XX XX XX
Brand Awareness of Equipment Supplier 5.0 XX XX XX XX
Innovation
Periodical Introduction of New Products 4.5 XX XX XX XX
Technology Upgrades for Products 4.0 XX XX XX XX
Investments in R&D 4.0 XX XX XX XX
Delivery
Establishment/Strengthening of Footprints 4.0 XX XX XX XX
Growth in Top & Bottom Line 5.0 XX XX XX XX
Adoption of new Sales Channel/ Service Delivery/ Measures to boost product
sales
4.0 XX XX XX XX
Average Index 4.5 XX XX XX XX

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Global Digital Twin Market, By Company
Figure XX: Product Portfolio of the Key Players Providing Digital Twin Platform, 2021
Company Product Description
Dassault Systemes 3DEXPERIENCE
• The company provides a three-dimensional digital twin platform which is used to create a virtual model of the industrial
assets. The twin platform uses big data analytics, machine learning algorithms, and virtual reality to predict and monitor the
behavior of the industrial assets to prevent failures.
AVEVA Group ---
• The company offers a composite digital twin platform through which the end-user industries can process and function multiple
virtual models of their respective industrial assets. The composite platform can have simulation of multiple digital twin models
of various industrial assets under a single system. This is done in order to understand the operational behavior of such assets
when installed at remote locations in real time, thereby preventing damage and ensuring optimum security.
Autodesk Autodesk Forge Platform
• The cloud-based forge platform by Autodesk is used to develop a three-dimensional model of industrial assets that operate on
virtual reality technology by connecting all workflows and engineering data based on the customized client requirement. The
industries can build their applications using the forge platform and automate the process using ERP software.
X X • X
X X • X
X X • X
X X • X
X X • X
(1/9)

Asia Pacific Digital Twin Market Outlook, 2016-2026F

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2016 2017 2018 2019 2020 2021F 2022F 2023F 2024F 2025F 2026F
CAGR: X%
COVID-19 Impact
Figure XX: Asia Pacific Digital Twin Market Revenues (USD Million), 2016-26F
Overview
• The Asia-Pacific and Japan region is a hub of innovations with technologically advanced countries, such as Japan, South Korea, India, and Singapore, residing under its
belt. The growing population and industrialization in countries such as China and India have increased the demand for digital twin solutions in the APAC region. The
companies headquartered in Asia-Pacific have started implementing digital twin solutions in their factories, thereby inching closer toward digitalization. To support
the enhanced adoption of smart manufacturing, numerous government policies and support across the region have been provided. For instance, in October 2019,
Vietnam signed the ‘Resolution number 52’ that aims to enhance the adoption rate of digital transformation. With this resolution, the companies aim to improve
productivity by 7%.
• The growth can be attributed to large scale industrialization in India, Japan, and China. Additionally, partnerships and collaborations between numerous companies in
Asia Pacific Digital Twin Market, By Revenues
CAGR: X%
(1/3)

34
Table of Content
Sample Illustration
Commercials
Company Profile
About the company
Contact Details
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79
81
83
Document Outline
22
02

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