According to Gen Consulting Company, the global digital twin market is set to achieve an incremental growth of USD 48 billion, acelerating at a CAGR of almost 36.3% during the forecast period 2022-2028.

This industry report offers market estimates of the global market, followed by a detailed analysis of the type, application, deployment mode, end user, and region. The global market data on digital twin can be segmented by type: process digital twin, product digital twin, system digital twin. The system digital twin segment is estimated to account for the largest share of the global digital twin market. Digital twin market is further segmented by application: performance monitoring, predictive maintenance, product design and development, supply chain and inventory management, others. The predictive maintenance segment held the largest revenue share in 2021. Based on deployment mode, the digital twin market is segmented into: cloud, on-premises, hybrid. On the basis of end user, the digital twin market also can be divided into: aerospace and defense, agriculture, automotive and transportation, energy and utilities, healthcare, smart cities, others. The automotive and transportation segment was the largest contributor to the global digital twin market in 2021. Digital twin market by region is categorized into: Asia Pacific, Europe, North America, Rest of the World (RoW).

The global digital twin market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players ABB Ltd., Ansys Inc., Autodesk Inc., AVEVA Group plc, Bentley Systems Incorporated, Dassault Systèmes SE, GE Digital, IBM Corp., Infosys Ltd., Microsoft Corp., Oracle Corp., PTC Inc., Robert Bosch GmbH, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Tibco Software Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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