Digital Twin Solution Market Insights, Global Outlook and Forecast 2022-2028
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The latest research study released by Market IntelliX evaluates market size and forecasts of Digital Twin Solution in Global, including the following market information:
Global Digital Twin Solution Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Digital Twin Solution market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud-based Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Digital Twin Solution include General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation and Accenture (Mackevision), etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Digital Twin Solution companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Digital Twin Solution Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Digital Twin Solution Market Segment Percentages, by Type, 2021 (%)
Cloud-based
On-premise
Global Digital Twin Solution Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Digital Twin Solution Market Segment Percentages, by Application, 2021 (%)
Aerospace and Defense
Automotive and Transportation
Machine Manufacturing
Energy and Utilities
Others
Global Digital Twin Solution Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Digital Twin Solution Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Digital Twin Solution revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Digital Twin Solution revenues share in global market, 2021 (%)
The report presents profiles of competitors in the market Some of the prominent key players covered:
General Electric
PTC
Siemens
Dassault Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
Accenture (Mackevision)
SAP
AVEVA Group
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Digital Twin Solution Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Digital Twin Solution Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Digital Twin Solution Overall Market Size
2.1 Global Digital Twin Solution Market Size: 2021 VS 2028
2.2 Global Digital Twin Solution Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Digital Twin Solution Players in Global Market
3.2 Top Global Digital Twin Solution Companies Ranked by Revenue
3.3 Global Digital Twin Solution Revenue by Companies
3.4 Top 3 and Top 5 Digital Twin Solution Companies in Global Market, by Revenue in 2021
3.5 Global Companies Digital Twin Solution Product Type
3.6 Tier 1, Tier 2 and Tier 3 Digital Twin Solution Players in Global Market
3.6.1 List of Global Tier 1 Digital Twin Solution Companies
3.6.2 List of Global Tier 2 and Tier 3 Digital Twin Solution Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Digital Twin Solution Market Size Markets, 2021 & 2028
4.1.2 Cloud-based
4.1.3 On-premise
4.2 By Type - Global Digital Twin Solution Revenue & Forecasts
4.2.1 By Type - Global Digital Twin Solution Revenue, 2017-2022
4.2.2 By Type - Global Digital Twin Solution Revenue, 2023-2028
4.2.3 By Type - Global Digital Twin Solution Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Digital Twin Solution Market Size, 2021 & 2028
5.1.2 Aerospace and Defense
5.1.3 Automotive and Transportation
5.1.4 Machine Manufacturing
5.1.5 Energy and Utilities
5.1.6 Others
5.2 By Application - Global Digital Twin Solution Revenue & Forecasts
5.2.1 By Application - Global Digital Twin Solution Revenue, 2017-2022
5.2.2 By Application - Global Digital Twin Solution Revenue, 2023-2028
5.2.3 By Application - Global Digital Twin Solution Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Digital Twin Solution Market Size, 2021 & 2028
6.2 By Region - Global Digital Twin Solution Revenue & Forecasts
6.2.1 By Region - Global Digital Twin Solution Revenue, 2017-2022
6.2.2 By Region - Global Digital Twin Solution Revenue, 2023-2028
6.2.3 By Region - Global Digital Twin Solution Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Digital Twin Solution Revenue, 2017-2028
6.3.2 US Digital Twin Solution Market Size, 2017-2028
6.3.3 Canada Digital Twin Solution Market Size, 2017-2028
6.3.4 Mexico Digital Twin Solution Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Digital Twin Solution Revenue, 2017-2028
6.4.2 Germany Digital Twin Solution Market Size, 2017-2028
6.4.3 France Digital Twin Solution Market Size, 2017-2028
6.4.4 U.K. Digital Twin Solution Market Size, 2017-2028
6.4.5 Italy Digital Twin Solution Market Size, 2017-2028
6.4.6 Russia Digital Twin Solution Market Size, 2017-2028
6.4.7 Nordic Countries Digital Twin Solution Market Size, 2017-2028
6.4.8 Benelux Digital Twin Solution Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Digital Twin Solution Revenue, 2017-2028
6.5.2 China Digital Twin Solution Market Size, 2017-2028
6.5.3 Japan Digital Twin Solution Market Size, 2017-2028
6.5.4 South Korea Digital Twin Solution Market Size, 2017-2028
6.5.5 Southeast Asia Digital Twin Solution Market Size, 2017-2028
6.5.6 India Digital Twin Solution Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Digital Twin Solution Revenue, 2017-2028
6.6.2 Brazil Digital Twin Solution Market Size, 2017-2028
6.6.3 Argentina Digital Twin Solution Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Digital Twin Solution Revenue, 2017-2028
6.7.2 Turkey Digital Twin Solution Market Size, 2017-2028
6.7.3 Israel Digital Twin Solution Market Size, 2017-2028
6.7.4 Saudi Arabia Digital Twin Solution Market Size, 2017-2028
6.7.5 UAE Digital Twin Solution Market Size, 2017-2028
7 Players Profiles
7.1 General Electric
7.1.1 General Electric Corporate Summary
7.1.2 General Electric Business Overview
7.1.3 General Electric Digital Twin Solution Major Product Offerings
7.1.4 General Electric Digital Twin Solution Revenue in Global Market (2017-2022)
7.1.5 General Electric Key News
7.2 PTC
7.2.1 PTC Corporate Summary
7.2.2 PTC Business Overview
7.2.3 PTC Digital Twin Solution Major Product Offerings
7.2.4 PTC Digital Twin Solution Revenue in Global Market (2017-2022)
7.2.5 PTC Key News
7.3 Siemens
7.3.1 Siemens Corporate Summary
7.3.2 Siemens Business Overview
7.3.3 Siemens Digital Twin Solution Major Product Offerings
7.3.4 Siemens Digital Twin Solution Revenue in Global Market (2017-2022)
7.3.5 Siemens Key News
7.4 Dassault Systèmes
7.4.1 Dassault Systèmes Corporate Summary
7.4.2 Dassault Systèmes Business Overview
7.4.3 Dassault Systèmes Digital Twin Solution Major Product Offerings
7.4.4 Dassault Systèmes Digital Twin Solution Revenue in Global Market (2017-2022)
7.4.5 Dassault Systèmes Key News
7.5 IBM Corporation
7.5.1 IBM Corporation Corporate Summary
7.5.2 IBM Corporation Business Overview
7.5.3 IBM Corporation Digital Twin Solution Major Product Offerings
7.5.4 IBM Corporation Digital Twin Solution Revenue in Global Market (2017-2022)
7.5.5 IBM Corporation Key News
7.6 ANSYS
7.6.1 ANSYS Corporate Summary
7.6.2 ANSYS Business Overview
7.6.3 ANSYS Digital Twin Solution Major Product Offerings
7.6.4 ANSYS Digital Twin Solution Revenue in Global Market (2017-2022)
7.6.5 ANSYS Key News
7.7 Microsoft Corporation
7.7.1 Microsoft Corporation Corporate Summary
7.7.2 Microsoft Corporation Business Overview
7.7.3 Microsoft Corporation Digital Twin Solution Major Product Offerings
7.7.4 Microsoft Corporation Digital Twin Solution Revenue in Global Market (2017-2022)
7.7.5 Microsoft Corporation Key News
7.8 Oracle Corporation
7.8.1 Oracle Corporation Corporate Summary
7.8.2 Oracle Corporation Business Overview
7.8.3 Oracle Corporation Digital Twin Solution Major Product Offerings
7.8.4 Oracle Corporation Digital Twin Solution Revenue in Global Market (2017-2022)
7.8.5 Oracle Corporation Key News
7.9 Accenture (Mackevision)
7.9.1 Accenture (Mackevision) Corporate Summary
7.9.2 Accenture (Mackevision) Business Overview
7.9.3 Accenture (Mackevision) Digital Twin Solution Major Product Offerings
7.9.4 Accenture (Mackevision) Digital Twin Solution Revenue in Global Market (2017-2022)
7.9.5 Accenture (Mackevision) Key News
7.10 SAP
7.10.1 SAP Corporate Summary
7.10.2 SAP Business Overview
7.10.3 SAP Digital Twin Solution Major Product Offerings
7.10.4 SAP Digital Twin Solution Revenue in Global Market (2017-2022)
7.10.5 SAP Key News
7.11 AVEVA Group
7.11.1 AVEVA Group Corporate Summary
7.11.2 AVEVA Group Business Overview
7.11.3 AVEVA Group Digital Twin Solution Major Product Offerings
7.11.4 AVEVA Group Digital Twin Solution Revenue in Global Market (2017-2022)
7.11.5 AVEVA Group Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
List of Tables
Table 1. Digital Twin Solution Market Opportunities & Trends in Global Market
Table 2. Digital Twin Solution Market Drivers in Global Market
Table 3. Digital Twin Solution Market Restraints in Global Market
Table 4. Key Players of Digital Twin Solution in Global Market
Table 5. Top Digital Twin Solution Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Digital Twin Solution Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Digital Twin Solution Revenue Share by Companies, 2017-2022
Table 8. Global Companies Digital Twin Solution Product Type
Table 9. List of Global Tier 1 Digital Twin Solution Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Digital Twin Solution Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Digital Twin Solution Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Digital Twin Solution Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Digital Twin Solution Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global Digital Twin Solution Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Digital Twin Solution Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Digital Twin Solution Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global Digital Twin Solution Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Digital Twin Solution Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Digital Twin Solution Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Digital Twin Solution Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Digital Twin Solution Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Digital Twin Solution Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Digital Twin Solution Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Digital Twin Solution Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Digital Twin Solution Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Digital Twin Solution Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Digital Twin Solution Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Digital Twin Solution Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Digital Twin Solution Revenue, (US$, Mn), 2023-2028
Table 30. General Electric Corporate Summary
Table 31. General Electric Digital Twin Solution Product Offerings
Table 32. General Electric Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 33. PTC Corporate Summary
Table 34. PTC Digital Twin Solution Product Offerings
Table 35. PTC Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 36. Siemens Corporate Summary
Table 37. Siemens Digital Twin Solution Product Offerings
Table 38. Siemens Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 39. Dassault Systèmes Corporate Summary
Table 40. Dassault Systèmes Digital Twin Solution Product Offerings
Table 41. Dassault Systèmes Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 42. IBM Corporation Corporate Summary
Table 43. IBM Corporation Digital Twin Solution Product Offerings
Table 44. IBM Corporation Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 45. ANSYS Corporate Summary
Table 46. ANSYS Digital Twin Solution Product Offerings
Table 47. ANSYS Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 48. Microsoft Corporation Corporate Summary
Table 49. Microsoft Corporation Digital Twin Solution Product Offerings
Table 50. Microsoft Corporation Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 51. Oracle Corporation Corporate Summary
Table 52. Oracle Corporation Digital Twin Solution Product Offerings
Table 53. Oracle Corporation Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 54. Accenture (Mackevision) Corporate Summary
Table 55. Accenture (Mackevision) Digital Twin Solution Product Offerings
Table 56. Accenture (Mackevision) Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 57. SAP Corporate Summary
Table 58. SAP Digital Twin Solution Product Offerings
Table 59. SAP Digital Twin Solution Revenue (US$, Mn), (2017-2022)
Table 60. AVEVA Group Corporate Summary
Table 61. AVEVA Group Digital Twin Solution Product Offerings
Table 62. AVEVA Group Digital Twin Solution Revenue (US$, Mn), (2017-2022)
List of Figures
Figure 1. Digital Twin Solution Segment by Type in 2021
Figure 2. Digital Twin Solution Segment by Application in 2021
Figure 3. Global Digital Twin Solution Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Digital Twin Solution Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Digital Twin Solution Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Digital Twin Solution Revenue in 2021
Figure 8. By Type - Global Digital Twin Solution Revenue Market Share, 2017-2028
Figure 9. By Application - Global Digital Twin Solution Revenue Market Share, 2017-2028
Figure 10. By Region - Global Digital Twin Solution Revenue Market Share, 2017-2028
Figure 11. By Country - North America Digital Twin Solution Revenue Market Share, 2017-2028
Figure 12. US Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Digital Twin Solution Revenue Market Share, 2017-2028
Figure 16. Germany Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 17. France Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Digital Twin Solution Revenue Market Share, 2017-2028
Figure 24. China Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 28. India Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Digital Twin Solution Revenue Market Share, 2017-2028
Figure 30. Brazil Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Digital Twin Solution Revenue Market Share, 2017-2028
Figure 33. Turkey Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Digital Twin Solution Revenue, (US$, Mn), 2017-2028
Figure 37. General Electric Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. PTC Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Siemens Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Dassault Systèmes Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. IBM Corporation Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. ANSYS Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. Microsoft Corporation Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Oracle Corporation Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. Accenture (Mackevision) Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. SAP Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. AVEVA Group Digital Twin Solution Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Research Methodology:
Digital Twin Solution Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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