Global Digital Twin market is expected to grow in the coming years owing to increasing demand for the Internet of Things (IoT) in the industrial sector and rising adoption of a virtual model for the production line. Moreover, surging use of connected devices and Market 4.0 in manufacturing technologies as an application of mining and data analytics are further contributing to the sales growth of digital twin throughout the globe
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Document Outline
Table of Content
Market Segmentation, Scope of Work
05
Research Process & Methodology
Primary Research, Secondary Research, Companies Interviewed, Sample Size, Research Methodology,
Forecasting
27
Introduction
About Us, Key Questions Answered In This Study
02
Sample Pages - Global Digital Twin market
Sample Pages
35
Commercials 55
Contact Details & Disclaimer
Key Person Contact Details, Disclaimer
57
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Market Segmentation
• Parts Twin
• Product Twin
• Process Twin
• System Twin
Global Digital Twin Market
• Product Design and
Development
• Machine & Equipment Health
Monitoring
• Predictive Maintenance
• Dynamic Optimization
• DTS-Si
• Predix
• APDV
• Other
By Type By Application By Deployment
• Siemens AG
• GE
• SAP
• Oracle
• Microsoft
• IBM
• Others
By Company
• Manufacturing
• Agriculture
• Automotive &
Transportation
• Energy & Utilities
• Healthcare & Life
Sciences
• Residential &
Commercial
• Retail & Consumer
Goods
• Others
By End User
• North America
o The US
o Canada
o Mexico
• Europe
o Germany
o The UK
o France
o Italy
o Spain
• Asia-Pacific
• China
o Japan
o South Korea
o India
o Australia
• South America
o Brazil
o Argentina
o Colombia
• Middle East & Africa
o Turkey
o Saudi Arabia
o UAE
o Qatar
o South Africa
By Region
• Cloud
• On Premises
• Hybrid
By Technology
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Table of Content (1/20)
Historical Year: 2015
Base Year: 2019
Forecast Year: 2025
Table of Content
1. Research Basics
1.1. Market Segmentation
1.2. Product Definition
1.3. Research Process
1.4. Assumptions
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Digital Twin Market Outlook, 2015-2025F
4.1. Market Potential & Outlook
4.1.1. Market Revenues
4.2. Market Segmentation & Outlook
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
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Base Year: 2019
Forecast Year: 2025
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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
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Historical Year: 2015
Base Year: 2019
Forecast Year: 2025
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4.2.6.1. North America
4.2.6.2. Europe
4.2.6.3. Asia-Pacific
4.2.6.4. South America
4.2.6.5. Middle East & Africa
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
4.2.8. Market Attractiveness Index
4.2.8.1. By Type
4.2.8.2. By Technology
4.2.8.3. By Application
4.2.8.4. By Deployment Type
4.2.8.5. By End User
4.2.8.6. By Region
5. North America Digital Twin Market Outlook, 2015-2025F
5.1. Market Potential & Outlook
5.1.1. Market Revenues
5.2. Market Segmentation & Outlook
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Base Year: 2019
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5.2.1. By Type
5.2.2. By Technology
5.2.3. By Application
5.2.4. By Deployment Type
5.2.5. By End User
5.2.6. By Country
5.2.6.1. US
5.2.6.2. Canada
5.2.6.3. Mexico
5.2.7. Market Attractiveness Index
5.2.7.1. By Type
5.2.7.2. By Technology
5.2.7.3. By Application
5.2.7.4. By Deployment Type
5.2.7.5. By End User
5.2.7.6. By Country
5.3. The US Digital Twin Market Outlook, 2015-2025F
5.3.1. Market Potential & Outlook
5.3.1.1. Market Revenues
5.3.2. Market Segmentation & Outlook
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5.3.2.1. By Type
5.3.2.2. By Technology
5.3.2.3. By Application
5.3.2.4. By Deployment Type
5.3.2.5. By End User
5.4. Canada Digital Twin Market Outlook, 2015-2025F
5.4.1. Market Potential & Outlook
5.4.1.1. Market Revenues
5.4.2. Market Segmentation & Outlook
5.4.2.1. By Type
5.4.2.2. By Technology
5.4.2.3. By Application
5.4.2.4. By Deployment Type
5.4.2.5. By End User
5.5. Mexico Digital Twin Market Outlook, 2015-2025F
5.5.1. Market Potential & Outlook
5.5.1.1. Market Revenues
5.5.2. Market Segmentation & Outlook
5.5.2.1. By Type
5.5.2.2. By Technology
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5.5.2.3. By Application
5.5.2.4. By Deployment Type
5.5.2.5. By End User
6. Europe Digital Twin Market Outlook, 2015-2025F
6.1. Market Potential & Outlook
6.1.1. Market Revenues
6.2. Market Segmentation & Outlook
6.2.1. By Type
6.2.2. By Technology
6.2.3. By Application
6.2.4. By Deployment Type
6.2.5. By End User
6.2.6. By Country
6.2.6.1. Germany
6.2.6.2. UK
6.2.6.3. France
6.2.6.4. Italy
6.2.6.5. Spain
6.2.7. Market Attractiveness Index
6.2.7.1. By Type
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6.2.7.2. By Technology
6.2.7.3. By Application
6.2.7.4. By Deployment Type
6.2.7.5. By End User
6.2.7.6. By Country
6.3. Germany Digital Twin Market Outlook, 2015-2025F
6.3.1. Market Potential & Outlook
6.3.1.1. Market Revenues
6.3.2. Market Segmentation & Outlook
6.3.2.1. By Type
6.3.2.2. By Technology
6.3.2.3. By Application
6.3.2.4. By Deployment Type
6.3.2.5. By End User
6.4. UK Digital Twin Market Outlook, 2015-2025F
6.4.1. Market Potential & Outlook
6.4.1.1. Market Revenues
6.4.2. Market Segmentation & Outlook
6.4.2.1. By Type
6.4.2.2. By Technology
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6.4.2.3. By Application
6.4.2.4. By Deployment Type
6.4.2.5. By End User
6.5. France Digital Twin Market Outlook, 2015-2025F
6.5.1. Market Potential & Outlook
6.5.1.1. Market Revenues
6.5.2. Market Segmentation & Outlook
6.5.2.1. By Type
6.5.2.2. By Technology
6.5.2.3. By Application
6.5.2.4. By Deployment Type
6.5.2.5. By End User
6.6. Italy Digital Twin Market Outlook, 2015-2025F
6.6.1. Market Potential & Outlook
6.6.1.1. Market Revenues
6.6.2. Market Segmentation & Outlook
6.6.2.1. By Type
6.6.2.2. By Technology
6.6.2.3. By Application
6.6.2.4. By Deployment Type
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Base Year: 2019
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6.6.2.5. By End User
6.7. Spain Digital Twin Market Outlook, 2015-2025F
6.7.1. Market Potential & Outlook
6.7.1.1. Market Revenues
6.7.2. Market Segmentation & Outlook
6.7.2.1. By Type
6.7.2.2. By Technology
6.7.2.3. By Application
6.7.2.4. By Deployment Type
6.7.2.5. By End User
7. Asia Pacific Digital Twin Market Outlook, 2015-2025F
7.1. Market Potential & Outlook
7.1.1. Market Revenues
7.2. Market Segmentation & Outlook
7.2.1. By Type
7.2.2. By Technology
7.2.3. By Application
7.2.4. By Deployment Type
7.2.5. By End User
7.2.6. By Country
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Base Year: 2019
Forecast Year: 2025
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7.2.6.1. China
7.2.6.2. Australia
7.2.6.3. Japan
7.2.6.4. India
7.2.6.5. South Korea
7.2.6.6. Singapore
7.2.7. Market Attractiveness Index
7.2.7.1. By Type
7.2.7.2. By Technology
7.2.7.3. By Application
7.2.7.4. By Deployment Type
7.2.7.5. By End User
7.2.7.6. By Country
7.3. China Digital Twin Market Outlook, 2015-2025F
7.3.1. Market Potential & Outlook
7.3.1.1. Market Revenues
7.3.2. Market Segmentation & Outlook
7.3.2.1. By Type
7.3.2.2. By Technology
7.3.2.3. By Application
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7.3.2.4. By Deployment Type
7.3.2.5. By End User
7.4. Australia Digital Twin Market Outlook, 2015-2025F
7.4.1. Market Potential & Outlook
7.4.1.1. Market Revenues
7.4.2. Market Segmentation & Outlook
7.4.2.1. By Type
7.4.2.2. By Technology
7.4.2.3. By Application
7.4.2.4. By Deployment Type
7.4.2.5. By End User
7.5. Japan Digital Twin Market Outlook, 2015-2025F
7.5.1. Market Potential & Outlook
7.5.1.1. Market Revenues
7.5.2. Market Segmentation & Outlook
7.5.2.1. By Type
7.5.2.2. By Technology
7.5.2.3. By Application
7.5.2.4. By Deployment Type
7.5.2.5. By End User
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7.6. India Digital Twin Market Outlook, 2015-2025F
7.6.1. Market Potential & Outlook
7.6.1.1. Market Revenues
7.6.2. Market Segmentation & Outlook
7.6.2.1. By Type
7.6.2.2. By Technology
7.6.2.3. By Application
7.6.2.4. By Deployment Type
7.6.2.5. By End User
7.7. South Korea Digital Twin Market Outlook, 2015-2025F
7.7.1. Market Potential & Outlook
7.7.1.1. Market Revenues
7.7.2. Market Segmentation & Outlook
7.7.2.1. By Type
7.7.2.2. By Technology
7.7.2.3. By Application
7.7.2.4. By Deployment Type
7.7.2.5. By End User
7.8. Singapore Digital Twin Market Outlook, 2015-2025F
7.8.1. Market Potential & Outlook
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Base Year: 2019
Forecast Year: 2025
Table of Content
7.8.1.1. Market Revenues
7.8.2. Market Segmentation & Outlook
7.8.2.1. By Type
7.8.2.2. By Technology
7.8.2.3. By Application
7.8.2.4. By Deployment Type
7.8.2.5. By End User
8. Middle East Digital Twin Market Outlook, 2015-2025F
8.1. Market Potential & Outlook
8.1.1. Market Revenues
8.2. Market Segmentation & Outlook
8.2.1. By Type
8.2.2. By Technology
8.2.3. By Application
8.2.4. By Deployment Type
8.2.5. By End User
8.2.6. By Country
8.2.6.1. Turkey
8.2.6.2. Saudi Arabia
8.2.6.3. UAE
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8.2.6.4. Qatar
8.2.6.5. South Africa
8.2.7. Market Attractiveness Index
8.2.7.1. By Type
8.2.7.2. By Technology
8.2.7.3. By Application
8.2.7.4. By Deployment Type
8.2.7.5. By End User
8.2.7.6. By Country
8.3. Turkey Digital Twin Market Outlook, 2015-2025F
8.3.1. Market Potential & Outlook
8.3.1.1. Market Revenues
8.3.2. Market Segmentation & Outlook
8.3.2.1. By Type
8.3.2.2. By Technology
8.3.2.3. By Application
8.3.2.4. By Deployment Type
8.3.2.5. By End User
8.4. Saudi Arabia Digital Twin Market Outlook, 2015-2025F
8.4.1. Market Potential & Outlook
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Base Year: 2019
Forecast Year: 2025
Table of Content
8.4.1.1. Market Revenues
8.4.2. Market Segmentation & Outlook
8.4.2.1. By Type
8.4.2.2. By Technology
8.4.2.3. By Application
8.4.2.4. By Deployment Type
8.4.2.5. By End User
8.5. UAE Digital Twin Market Outlook, 2015-2025F
8.5.1. Market Potential & Outlook
8.5.1.1. Market Revenues
8.5.2. Market Segmentation & Outlook
8.5.2.1. By Type
8.5.2.2. By Technology
8.5.2.3. By Application
8.5.2.4. By Deployment Type
8.5.2.5. By End User
8.6. Qatar Digital Twin Market Outlook, 2015-2025F
8.6.1. Market Potential & Outlook
8.6.1.1. Market Revenues
8.6.2. Market Segmentation & Outlook
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Base Year: 2019
Forecast Year: 2025
Table of Content
8.6.2.1. By Type
8.6.2.2. By Technology
8.6.2.3. By Application
8.6.2.4. By Deployment Type
8.6.2.5. By End User
8.7. South Africa Digital Twin Market Outlook, 2015-2025F
8.7.1. Market Potential & Outlook
8.7.1.1. Market Revenues
8.7.2. Market Segmentation & Outlook
8.7.2.1. By Type
8.7.2.2. By Technology
8.7.2.3. By Application
8.7.2.4. By Deployment Type
8.7.2.5. By End User
9. South America Digital Twin Market Outlook, 2015-2025F
9.1. Market Potential & Outlook
9.1.1. Market Revenues
9.2. Market Segmentation & Outlook
9.2.1. By Type
9.2.2. By Technology
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Forecast Year: 2025
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9.2.3. By Application
9.2.4. By Deployment Type
9.2.5. By End User
9.2.6. By Country
9.2.6.1. Brazil
9.2.6.2. Argentina
9.2.6.3. Columbia
9.2.7. Market Attractiveness Index
9.2.7.1. By Type
9.2.7.2. By Technology
9.2.7.3. By Application
9.2.7.4. By Deployment Type
9.2.7.5. By End User
9.2.7.6. By Country
9.3. Brazil Digital Twin Market Outlook, 2015-2025F
9.3.1. Market Potential & Outlook
9.3.1.1. Market Revenues
9.3.2. Market Segmentation & Outlook
9.3.2.1. By Type
9.3.2.2. By Technology
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Base Year: 2019
Forecast Year: 2025
Table of Content
9.3.2.3. By Application
9.3.2.4. By Deployment Type
9.3.2.5. By End User
9.4. Argentina Digital Twin Market Outlook, 2015-2025F
9.4.1. Market Potential & Outlook
9.4.1.1. Market Revenues
9.4.2. Market Segmentation & Outlook
9.4.2.1. By Type
9.4.2.2. By Technology
9.4.2.3. By Application
9.4.2.4. By Deployment Type
9.4.2.5. By End User
9.5. Columbia Digital Twin Market Outlook, 2015-2025F
9.5.1. Market Potential & Outlook
9.5.1.1. Market Revenues
9.5.2. Market Segmentation & Outlook
9.5.2.1. By Type
9.5.2.2. By Technology
9.5.2.3. By Application
9.5.2.4. By Deployment Type
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Base Year: 2019
Forecast Year: 2025
Table of Content
9.5.2.5. By End User
10. Global Digital Twin Market Policies, Regulations, Product Standards
11. Global Digital Twin Market Trends & Insights
12. Global Digital Twin Market Dynamics
12.1. Growth Drivers
12.2. Challenges
12.3. Impact Analysis
13. Global Digital Twin Market Hotspot & Opportunities
14. Global Digital Twin Market Key Strategic Imperatives for Success & Growth
15. Competition Outlook (Which ever factor Applicable)
15.1. Competition Matrix
15.1.1. Product Portfolio
15.1.2. Brand Specialization
15.1.3. Target Markets
15.1.4. Target End Users
15.1.5. Research & Development
15.1.6. Strategic Alliances
15.1.7. Strategic Initiatives
15.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/
Partnerships, Future Plans)
15.2.1. Siemens AG
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Forecast Year: 2025
Table of Content
15.2.2. General Electric Company
15.2.3. IBM Corporation
15.2.4. SAP SE
15.2.5. Microsoft Corporation
15.2.6. PTC Inc.
15.2.7. ANYSYS, Inc.
15.2.8. Oracle Corporation
15.2.9. Dassault Systemes
15.2.10. Robert Bosch
16. Disclaimer
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Global Digital Twin Market Outlook, 2015-2025F
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2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F
Global Digital Twin Market Outlook, By Revenues
CAGR: XX%
Figure 1: Global Digital Twin Market, By Revenues (USD Million), 2015- 2025F
CAGR: XX%
Source: MarkNtel Advisors
• Global Digital Twin market is expected to grow in the coming years owing to increasing demand for the Internet of Things (IoT) in the
industrial sector and rising adoption of a virtual model for the production line. Moreover, surging use of connected devices and Market 4.0
in manufacturing technologies as an application of mining and data analytics are further contributing to the sales growth of digital twin
throughout the globe
• The advantages of digital twin such as reducing product development time and cost and declining unplanned downtime are further
driving the demand for digital twin in the regions including North America, Asia Pacific.
• North America dominated the global digital twin market in the past few years on account of strong growth in infrastructure such as
transportation, energy, etc. Also, increasing demand for cost-effective technologies in the manufacturing market and rising research and
development activities in the field of IoT and Industrial Internet of Thing (IIoT) are boosting the demand for digital twin in this region.
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Global Digital Twin Market Revenue Share, By Type
• 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.
Figure 2: Global Digital Twin Market Revenue Share, By Type, 2019 & 2025F
Part Twin
Product Twin
Process Twin
System Twin
Source: MarkNtel Advisors
2019 2025F
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2019:
USD XXXX
Million
Agriculture
Energy & Utilities
Manufacturing
Retail &
Consumer Goods
Healthcare & Life
Sciences
Automotive &
Transportation
Residential &
Commercial
Others*
Global Digital Twin Market Revenue Share, By End User
Figure 3: Global Digital Twin Market Revenue Share, By End User, 2019 & 2025F (In Percentages)
Source: MarkNtel Advisors
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
2019 2025
XX% XX%
*Others: Aerospace & Defense
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Global Digital Twin Market Revenue Share, By Region
Figure 4: Global Digital Twin Market Revenue Share, By Region, 2019 & 2025F (In Percentages)
Source: MarkNtel Advisors
North America
2015: XX%
2019: XX%
2025F: XX%
South America
2015: XX%
2019: XX%
2025F: XX%
Middle East &
Africa
2015: XX%
2019: XX%
2025F: XX%
Asia Pacific
2015: XX%
2019: XX%
2025F: XX%
Europe
2015: XX%
2019: XX%
2025F: XX%
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Global Digital Twin Market Revenue Share, By Company
Figure 8: Global Digital Twin Market Revenue Share, By Company, 2019
USD XXX
Million
Name of the Company
Revenue
(USD Mn)
Siemens AG XX
General Electric Company XX
IBM Corporation XX
SAP SE XX
Microsoft Corporation XX
PTC Inc. XX
ANYSYS, Inc. XX
Oracle Corporation XX
Dassault Systemes XX
Robert Bosch XX
Source: MarkNtel Advisors Primary Surveys, Annual Reports, Press Releases
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Global Digital Twin Market Revenue Share, By Company, By Region
Source: MarkNtel Advisors
Name of the
Company
Regional Revenue Breakup (Revenues in USD Million)
Total Revenue Europe Middle East Asia NA SA Africa
Siemens AG XX XX XX XX XX XX XX
General Electric
Company
XX XX XX XX XX XX XX
IBM Corporation XX XX XX XX XX XX XX
SAP SE XX XX XX XX XX XX XX
Microsoft
Corporation
XX XX XX XX XX XX XX
PTC Inc. XX XX XX XX XX XX XX
ANYSYS, Inc. XX XX XX XX XX XX XX
Oracle
Corporation
XX XX XX XX XX XX XX
Dassault Systemes XX XX XX XX XX XX XX
Robert Bosch XX XX XX XX XX XX XX
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Asia-Pacific Digital Twin Market Outlook, 2015-2025F
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2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
CAGR
CAGR
Asia-Pacific Digital Twin Market Outlook, By Revenues
Revenue: XX%
Figure 1: Asia-Pacific Digital Twin Market Revenues (USD Million), 2015- 2025F
Revenue: XX%
• The Asia Pacific digital twin market is surging at a faster rate in the past few years. The increasing use of IoT and IIoT on account of the
growing use of the internet coupled with the rise of smartphones are driving the Asia Pacific digital twin market.
• Also, growing e-commerce preference in Asia Pacific countries such as India and rising investment from venture capital investors are
driving the Asia Pacific digital twin market. For Instance, Flipkart announced venture investment in 2019 for budding companies, working
in the field of e-commerce, payment, etc. Moreover, increasing high-speed internet services and growing industrialization is expected to
add more demand during the forecast period 2020-2025 in the Asia Pacific.
• The presence of leading automotive companies in the countries such as Japan, India, and South Korea are generating demand for digital
twin in these countries, thereby the Asia Pacific digital twin market is rising.
Source: MarkNtel Advisors
33. Copyright 2019. Reproduction is forbidden unless authorized. All rights reserved. 33
Asia-Pacific Digital Twin Market Revenue Share, By Country
Source: MarkNtel Advisors
Figure 14: Asia-Pacific Digital Twin Market Revenue Share, By Country, 2019 & 2025
Country 2015 2019 2025
China XX% XX% XX%
India XX% XX% XX%
Japan XX% XX% XX%
Australia XX% XX% XX%
South
Korea
XX% XX% XX%
Singapore XX% XX% XX%
Others XX% XX% XX%
34. Copyright 2019. Reproduction is forbidden unless authorized. All rights reserved. 34
On-Premises
Cloud
Hybrid
Asia-Pacific Digital Twin Market Revenue Share, By Deployment Type
• Cloud: The health care sector is using cloud computing to gather information about patient's medical history to offer additional analysis.
The growing use of cloud computing in the healthcare sector is surging demand for digital twin across Asia-Pacific. Moreover, the
increasing number of healthcare centers are adding demand for digital twin in the region. For instance, The Indian government
announced its plan to construct hospitals under the Ayushman Bharat health insurance scheme. The construction of these hospitals is
expected to use cloud computing, which in turn would help increasing the demand for digital twin market.
• On-Premises: The demand for digital twin in the on-premise is rising due to increasing need for high security, reducing vendor
dependency, etc. The construction of commercial units and manufacturing facilities in the Asia-Pacific region has helped increasing
deployment of the On-premise digital twin.
Figure 2: Asia-Pacific Digital Twin Market Revenue Share, By Deployment Type, 2019 & 2025F
Source: MarkNtel Advisors
2019 2025F
35. Copyright 2019. Reproduction is forbidden unless authorized. All rights reserved. 35
Product Design & Development
Machine & Equipment Health Monitoring
Predictive Maintenance
Dynamic Optimization
Asia-Pacific Digital Twin Market Revenue Share, 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
Figure 2: Asia-Pacific Digital Twin Market Revenue Share, By Application, 2019 & 2025F
Source: MarkNtel Advisors
2019 2025F
36. Copyright 2019. Reproduction is forbidden unless authorized. All rights reserved. 36
2015 2016 2017 2018 2019 2020F 2021F 2022F 2023F 2024F 2025F
CAGR
CAGR
Australia Digital Twin Market Outlook, By Revenues
Revenue: XX%
Figure 1: Australia Digital Twin Market Revenues (USD Million), 2015- 2025F
Revenue: XX%
• The Australia digital twin market is driving due to increased adoption of digital twin in the transportation sector, energy, and utilities etc.
For instance, Willow and Strukton build the world’s first digital twin platform in 2018 for rail in Australia to improve the uptime of rail
Market.
• The automotive companies in Australia are using digital twin to bring innovation in their final product. Therefore, the demand for digital
twin is generating in the country.
• Moreover, the growing demand for digital twin for the planning of city development is further driving the Australia digital twin market.
For instance, Australian cities such as Western Sydney are using digital twin for urban development.
Source: MarkNtel Advisors
37. Copyright 2019. Reproduction is forbidden unless authorized. All rights reserved. 37
Australia Digital Twin Market Revenue Share, By Technology & Deployment Type
Figure 16: Australia Digital Twin Market Revenue Share, By Lubrication, 2019 & 2025F
Figure 17: Australia Digital Twin Market Revenue Share, By Pressure, 2019 & 2025F
DTS Si
Predix
APDV
Others
Source: MarkNtel Advisors
2019 2025F
On-Premises
Cloud
Hybrid
2019 2025F
Source: MarkNtel Advisors
38. Copyright 2019. Reproduction is forbidden unless authorized. All rights reserved. 38
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