Digital Twin Market Size Soaring at 36.3% CAGR to Reach 48 billion USD by 2028

By Sachin Pashte  | Date: November 01, 2022

Digital Twin Market Size Soaring at 36.3% CAGR to Reach 48 billion USD by 2028

A comprehensive research study on Digital Twin market added on Market Study Report provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of Digital Twin market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

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.

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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 Systmes 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.

Why buy this report?

- Get a detailed picture of the Global Digital Twin Market

- Identify segments/areas to invest in over the forecast period in the Global Digital Twin Market

- Understand the competitive environment, the market's leading players

- The market estimate for ease of analysis across scenarios in Excel format.

- Strategy consulting and research support for three months.

- Print authentication provided for the single-user license.

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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