According to the latest report by IMARC Group,the global digital twin market reached a value of US$ 8.2 Billion in 2021.A digital twin is an accurate, virtual representation of physical objects, assets, and systems. It uses computer programs, real-time data, simulation, and machine learning (ML) tools that can be integrated with the internet of things (IoT) and artificial intelligence (AI) to replicate processes.

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Global Digital Twin
Market Research Report
and Forecast 2022-2027
Author: Elena Anderson,
Marketing Manager |
IMARC Group
© 2019 IMARC All Rights Reserved

2. Report Description
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3. Report Description
Report Description and Highlights
Global Digital Twin Market Outlook 2026:
According to the latest report by IMARC Group, titled "Digital Twin Market: Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2022-2027," the global digital twin market reached a
value of US$ 8.2 Billion in 2021.
A digital twin is an accurate, virtual representation of physical objects, assets, and systems. It uses
computer programs, real-time data, simulation, and machine learning (ML) tools that can be integrated
with the internet of things (IoT) and artificial intelligence (AI) to replicate processes. A digital twin also
employs sensors to produce data regarding the different aspects of the physical object, which are later
relayed to a processing system and applied to the digital copy.
This enables operators to manipulate the digital copy in working environments, run simulations, study
performance issues, generate possible improvements, predict future performances, and make data-
driven business decisions.
Request for a free sample: https://www.imarcgroup.com/digital-twin-market/requestsample

4. Report Description
Report Description and Highlights
Global Digital Twin Market Trends:
The widespread adoption of digital twin in the healthcare sector to change clinical processes and
hospital management due to the evolving medical care requirements, especially during the coronavirus
disease (COVID-19) pandemic, is majorly driving the market growth across the globe.
In line with this, the rising product utilization in the pharmaceutical industry as an effective research
and analytical tool to improve physical drug design during its development stages is acting as another
growth-inducing factor. Additionally, the increasing need for predictive maintenance in the
manufacturing sector has further led to the integration of industrial IoT with various digital
technologies, such as digital twin and third-dimensional (3D) printing capabilities.
This, in turn, is assisting manufacturers in designing complex products by providing access to historical
data through AI and ML, thereby improving the operational efficiency and increasing revenue
generation. Other than this, the growing partnerships and acquisitions between key players are
projected to drive the market further.
For instance, in 2021, Waylay, a Belgium-based IT-OT digital unification software company, partnered
with Salesforce AppExchange, a US-based software company to launch its Waylay Digital Twin
application, which is a Software as a Service (SAAS) platform for Salesforce business users.

5. Market Summary:
Breakup by Type:
• Product Digital Twin
• Process Digital Twin
• System Digital Twin
Breakup by End Use:
• Aerospace and Defense
• Automotive and Transportation
• Healthcare
• Energy and Utilities
• Oil and Gas
• Agriculture
• Residential and Commercial
• Retail and Consumer Goods
• Telecommunication
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6. Breakup by Technology:
• IoT and IIoT
• Blockchain
• Artificial Intelligence and Machine Learning
• Augmented Reality, Virtual Reality and Mixed Reality
• Big Data Analytics
• 5G
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America
Looking forward, the market is expected to grow at a CAGR of 40.4% during 2022-2027.
Report Description
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7. Competitive Landscape With Key players:
• ABB Ltd
• Accenture Plc
• ANSYS Inc
• AVEVA Group plc (Schneider Electric)
• Cal-Tek Srl
• Cityzenith
• Dassault Systèmes
• General Electric Company
• International Business Machines Corporation
• Microsoft Corporation
• PTC Inc
• SAP SE
• Siemens AG
View Report TOC, Figures and Tables: https://www.imarcgroup.com/digital-twin-market
Report Description
Report Description and Highlights

8. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

10. Report Description
Report Description and Highlights
© 2019 IMARC All Rights Reserved
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the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
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Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
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