Global Digital Twin Market

Focus on Product Offering (Platform, Hardware, Support Services), Type (Asset, Process, System), Industry (Manufacturing, Automotive, Energy, Healthcare), Impact of COVID-19 - Analysis and Forecast, 2020-2025

Published Year: 2020
SKU: DTI0903SA

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Report Description

Market Report Coverage - Digital Twin
Forecast Period: 2020-2025
CAGR During Forecast Period: 61.94%

Market Report Coverage - Digital Twin

Base Year

2019

Market Size in 2020

$2.66 Billion

Forecast Period

2020-2025

Value Projection and Estimation by 2025
(Impact of COVID-19 Included)

$29.57 Billion

CAGR During Forecast Period

61.94%

Number of Tables

42

Number of Pages

275

Number of Figures

164

Research Hours

720

 

 

Market Segmentation

•    Product Offering – Platform, Hardware, Support Services

•    Type – Asset, Process, System

•    Industry – Manufacturing, Automotive, Aviation, Energy and Utilities, Healthcare, Logistics and Retail, and Others

•    Region – North America, South America, Europe, U.K., China, Asia-Pacific Japan, and Middle East and Africa

Regional Segmentation

•    North America – U.S., Canada, Mexico, and Rest-of-North America

•    South America – Brazil, Argentina, and Rest-of-South America

•    Europe –Germany, France, Sweden, Norway, Netherlands, Spain, and Rest-of-Europe

•    U.K.

•    China

•    Asia-Pacific Japan – Japan, South Korea, India, Australia, Singapore, Malaysia, and Rest-of-Asia-Pacific Japan

•    Middle East Africa – Saudi Arabia, U.A.E, Israel, South Africa, and Rest-of-Middle East Africa

Market Growth Drivers

•    Surge in the Adoption of Industrial IoT

•    Rise in the Establishment of Smart Building Infrastructure

Market Growth Restraints

•    Increase in Data Security Risk

•    High Cost of Deployment

Market Opportunities

•    Rise in Adoption of 3D Printing Technology for Manufacturing Industries

•    Growth of Low Power Wide Area Connectivity in Digital Twin Technology

Key Digital Twin Companies Profiled

IBM Corporation, Wipro Ltd., Cisco Systems, Microsoft Corporation, SAP SE, Amazon Web Services, Alphabet Inc., PTC Inc., Bentley Systems, Dassault Systemes, AVEVA Group, Autodesk, Ansys, Inc. ABB Ltd, Honeywell International, Rockwell Automation, Emerson Electric, Accenture Plc, Capgemini, and Cognizant

Key Questions Answered in this Report:

What are the key trends and expansion opportunities in the global digital twin market?

•    What are the key trends and expansion opportunities in the global digital twin market?
•    What are the estimations for the global digital twin market size in terms of revenue for the period 2019-2025, and what is the expected compound annual growth rate (CAGR) during the forecast period 2020-2025? 
•    What is the expected outlook and revenue to be generated by the different types of product offerings, including digital twin platform, hardware, and support services?
•    What are the estimations for revenue generation by different types of digital twin, namely, asset, process, and system, for the time period 2019-2025?
•    What are the estimations for revenue generation by digital twin solutions in different industries such as manufacturing, automotive, aviation, energy and utilities, healthcare, and logistics for the time period 2019-2025? 
•    What is the current market size, forecast, regional market trends of the digital twin across different regions: North America, South America, the U.K., Europe, Asia-Pacific and Japan, China, and the Middle East and Africa?
•    What will be the impact of COVID-19 on the market size, market forecast, CAGR, and market dynamics of the global digital twin market across different market segmentations?
•    What are the major driving forces that are expected to increase the demand for the global digital twin market during the forecast period 2020-2025?
•    What are the major restraints inhibiting the growth of the global digital twin market?
•    What kind of new growth strategies (M&A, partnerships, expansions, products, others) are being adopted by the existing market players to expand their market share in the industry?
•    How is the funding and investment landscape in the global digital twin market?
•    Which type of players and stakeholders operate in the market ecosystem of the digital twin, and what are their impacts on the dynamics of the global digital twin market?
•    Which companies have achieved higher market coverage compared to their market potential in the global digital twin market?
•    Which technologies constitute the digital twin ecosystem, and how is their role significant in the global digital twin market?

Market Overview

The global digital twin market is projected to grow from $2.66 billion in 2020 to $29.57 billion by 2025.

Global Digital Twin Market

Source: Expert Interviews and BIS Research Analysis

The global digital twin market is projected to grow from $2.66 billion in 2020 to $29.57 billion by 2025, at a CAGR of 61.94% from 2020 to 2025. The growth in the digital twin market is expected to be driven by the increasing demand for asset health optimization, growing market penetration of Industrial IoT solutions, and the rising establishment of smart building infrastructure to ensure optimum energy consumption.

This technology has garnered the attention of various industries such as manufacturing, automotive, and healthcare to increase their productivity as well as efficiency. Catering to the manufacturing industry, the rising need to meet the on-demand production target with the existing ageing assets is driving the growth of digital twin technology.

With digital twin implementation across the automotive value chain, the automotive manufacturers can have the real-time on-road field insights and can predict the failure of any such vehicle equipment for better manufacturing performance before getting it delivered to the customers. 
The growth of digital twin technology in the healthcare industry is attributed to the increase in the industry’s initiative toward maintaining a smart workflow within its premises to provide optimum treatment facilities for the patients. Moreover, digital twin helps the doctors and surgeons in predicting the emergency condition of patients by real-time monitoring of the patient’s health.

Impact of COVID-19 on Global Digital Twin Market

In 2020, the digital twin market is expected to experience downfall due to COVID-19 pandemic, as the testing and the simulation process for the implementation of the virtual model has been at a standstill. With the lockdown being imposed, there has been a scarcity of resources worldwide, which is expected to impact the global digital twin market for this particular year. However, the growth of the digital twin technology market is expected to revive sparsely from Q3 2020 once the operational activities become normal post lockdown, as the technology would allow the industrialized world to understand the operational behavior of the physical asset from remote locations as well. 

Competitive Landscape

The competitive landscape for the digital twin market demonstrates an inclination toward the companies that are adopting strategies such as partnerships, collaborations, and joint ventures along with mergers and acquisitions for introducing new technologies and enhance their existing product portfolio. With the increasing growth of the global market, companies operating in this industry are compelled to come up with collaborative strategies in order to sustain in the intensely competitive market.  For instance, in January 2020, Siemens entered into a partnership with Arm Holdings for the development of the digital twin platform to ensure driver assistance system across the automotive industry. In December 2019, Microsoft Corporation entered into a partnership with Ansys Inc. for the development of IoT enabled digital twin framework to ensure real-time data transfer and to improve the performance of industrial assets.

Regional Market Dynamics

The digital twin market holds a prominent share in various countries of North America, Europe, Asia-Pacific and Japan, and the Middle East and Africa. North America is at the forefront of the global digital twin market, with high market penetration rate in the U.S., Canada, and others, which are expected to display robust market growth in the coming five years.

During the forecast period, the Asia-Pacific and Japan region is expected to flourish as one of the most lucrative markets for digital twin technology. Asia-Pacific and Japan is expected to exhibit significant growth opportunities for digital twin owing to the increasing urban population size, growing market penetration of advance technologies, and favorable government investments on the adaptation of Industry 4.0 standards and policies for enhanced manufacturing and production facilities across all industry verticals.

Table of Contents

1 Market Dynamics

1.1    Market Drivers
         1.1.1    Surge in the Adoption of Industrial IoT
         1.1.2    Rise in Establishment of Smart Building Infrastructure
1.2    Market Restraints
         1.2.1    Increase in Data Security Risk
         1.2.2    High Cost of Deployment
1.3    Market Opportunities
         1.3.1    Rise in Adoption of 3D Printing Technology for Manufacturing Industries
         1.3.2    Growth of Low Power Wide Area Connectivity in Digital Twin Technology

2 Competitive Landscape

2.1    Key Market Developments and Strategies
         2.1.1    Partnerships, Collaborations, and Joint Ventures
         2.1.2    Mergers and Acquisitions
         2.1.3    Business Expansion and Contract
         2.1.4    Product Launch and Development
         2.1.5    Others (Awards and Recognition)
2.2    Competitive Benchmarking of Key Players in the Global Digital Twin Market

3 Industry Analysis

3.1    Digital Twin Ecosystem
         3.1.1    Ecosystem Overview
         3.1.2    Digital Twin Stakeholders
         3.1.3    Digital Twin Impact Matrix and Analysis
                     3.1.3.1    Impact of Digital Twin
                     3.1.3.2    Contribution to Digital Twin
                     3.1.3.3    Investable Opportunity
3.2    Digital Twin: Key Technologies
         3.2.1    Internet of Things (IoT)
         3.2.2    Artificial Intelligence (AI)
         3.2.3    Virtual Reality (VR) and Augmented Reality (AR)
         3.2.4    Wireless Communication
         3.2.5    Blockchain
3.3    Investment and Funding Landscape

4 Global Digital Twin Market (by Product Offering)

4.1    Market Overview
4.2    Platforms
4.3    Hardware
4.4    Support Services

5 Global Digital Twin Market (by Type)

5.1    Market Overview
5.2    Asset Digital Twin
5.3    Process Digital Twin
5.4    System Digital Twin

6 Global Digital Twin Market (by Industry)

6.1    Market Overview
6.2    Manufacturing
6.3    Automotive
6.4    Aviation
6.5    Energy and Utilities
6.6    Healthcare
6.7    Logistics and Retail
6.8    Others

7 Global Digital Twin Market (by Region)

7.1    North America
         7.1.1    North America Digital Twin Market (by Industry)
         7.1.2    North America Digital Twin Market (by Country)
                     7.1.2.1    U.S.
                     7.1.2.2    Canada
                     7.1.2.3    Mexico
                     7.1.2.4    Rest-of-North America
7.2    U.K.
         7.2.1    U.K. Digital Twin Market (by Industry)
7.3    Europe
         7.3.1    Europe Digital Twin Market (by Industry)
         7.3.2    Europe Digital Twin Market (by Country)
                     7.3.2.1    Germany
                     7.3.2.2    France
                     7.3.2.3    Sweden
                     7.3.2.4    Norway
                     7.3.2.5    Netherlands
                     7.3.2.6    Spain
                     7.3.2.7    Rest-of- Europe
7.4    China
         7.4.1    China Digital Twin Market (by Industry)
7.5    Asia-Pacific and Japan
         7.5.1    Asia-Pacific and Japan Digital Twin Market (by Industry)
         7.5.2    Asia-Pacific and Japan Digital Twin Market (by Country)
                     7.5.2.1    Japan
                     7.5.2.2    South Korea
                     7.5.2.3    India
                     7.5.2.4    Australia
                     7.5.2.5    Singapore
                     7.5.2.6    Malaysia
                     7.5.2.7    Rest-of-Asia-Pacific and Japan
7.6    Middle East and Africa
         7.6.1    Middle East and Africa Digital Twin Market (by Industry)
         7.6.2    Middle East and Africa Digital Twin Market (by Country)
                     7.6.2.1    Saudi Arabia
                     7.6.2.2    United Arab Emirates (UAE)
                     7.6.2.3    Israel
                     7.6.2.4    South Africa
                     7.6.2.5    Rest-of-Middle East and Africa
7.7    South America
         7.7.1    South America Digital Twin Market (by Industry)
         7.7.2    South America Digital Twin Market (by Country)
                     7.7.2.1    Brazil
                     7.7.2.2    Argentina
                     7.7.2.3    Rest-of-South America

8 Company Profiles

8.1    Overview
8.2    Amazon Web Services, Inc.
         8.2.1    Company Overview
         8.2.2    Role of Amazon Web Services, Inc. in Global Digital Twin Market
         8.2.3    Financials
         8.2.4    SWOT Analysis
8.3    Alphabet Inc.
         8.3.1    Company Overview
         8.3.2    Role of Alphabet Inc. in Global Digital Twin Market
         8.3.3    Financials
         8.3.4    SWOT Analysis
8.4    AVEVA Group Plc
         8.4.1    Company Overview
         8.4.2    Role of AVEVA Group in Global Digital Twin Market
         8.4.3    Financials
         8.4.4    SWOT Analysis
8.5    Autodesk, Inc.
         8.5.1    Company Overview
         8.5.2    Role of Autodesk, Inc. in Global Digital Twin Market
         8.5.3    Financials
         8.5.4    SWOT Analysis
8.6    Ansys, Inc.
         8.6.1    Company Overview
         8.6.2    Role of Ansys, Inc. in Global Digital Twin Market
         8.6.3    Financials
         8.6.4    SWOT Analysis
8.7    Bentley Systems
         8.7.1    Company Overview
         8.7.2    Role of Bentley Systems in Global Digital Twin Market
         8.7.3    SWOT ANALYSIS
8.8    CISCO Systems Inc.
         8.8.1    Company Overview
         8.8.2    Role of Cisco Systems Inc. in Global Digital Twin Market
         8.8.3    Financials
         8.8.4    SWOT Analysis
8.9    Dassault Systemes SE
         8.9.1    Company Overview
         8.9.2    Role of Dassault Systemes in Global Digital Twin Market
         8.9.3    Financials
         8.9.4    SWOT Analysis
8.10   IBM Corporation
          8.10.1    Company Overview
          8.10.2    Role of IBM Corporation in Global Digital Twin Market
          8.10.3    Financials
          8.10.4    Key Insights About the Financial Health of the Company
          8.10.5    SWOT ANALYSIS
8.11   Microsoft Corporation
          8.11.1    Company Overview
          8.11.2    Role of Microsoft Corporation in the Global Digital Twin Market
          8.11.3    Financials
          8.11.4    Key Insights About the Financial Health of the Company
          8.11.5    SWOT Analysis
8.12   PTC Inc.
          8.12.1    Company Overview
          8.12.2    Role of PTC Inc., in Global Digital Twin Market
          8.12.3    Financials
          8.12.4    SWOT Analysis
8.13   SAP SE
          8.13.1    Company Overview
          8.13.2    Role of SAP SE in the Global Digital Twin Market
          8.13.3    Financials
          8.13.4    SWOT Analysis
8.14   Wipro Limited
          8.14.1    Company Overview
          8.14.2    Role of Wipro Limited in Global Digital Twin Market
          8.14.3    Financials
          8.14.4    SWOT Analysis
8.15   Accenture plc
          8.15.1    Company Overview
          8.15.2    Role of Accenture plc in Global Digital Twin Market
          8.15.3    Financials
          8.15.4    SWOT Analysis
8.16   Capgemini SE
          8.16.1    Company Overview
          8.16.2    Role of Capgemini in Global Digital Twin Market
          8.16.3    Financials
          8.16.4    SWOT Analysis
8.17   Cognizant
          8.17.1    Company Overview
          8.17.2    Role of Cognizant in Global Digital Twin Market
          8.17.3    Financials
          8.17.4    SWOT ANALYSIS
8.18   ABB Ltd.
          8.18.1    Company Overview
          8.18.2    Role of ABB Ltd. In Global Digital Twin Market
          8.18.3    Financials
          8.18.4    SWOT ANALYSIS
8.19   Emerson Electric Co.
          8.19.1    Company Overview
          8.19.2    Role of Emerson Electric in Digital Twin Market
          8.19.3    Financials
          8.19.4    Key Insights About the Financial Health of the Company
          8.19.5    SWOT Analysis
8.20   Honeywell International Inc.
          8.20.1    Company Overview
          8.20.2    Role of Honeywell International in Global Digital Twin Market
          8.20.3    Financials
          8.20.4    SWOT ANALYSIS
8.21   Rockwell Automation Inc.
          8.21.1    Company Overview
          8.21.2    Role of Rockwell Automation Inc. in Global Digital Twin Market
          8.21.3    Financials
          8.21.4    Key Insights About the Financial Health of the Company
          8.21.5    SWOT ANALYSIS

9 Report Scope and Methodology

9.1    Report Scope
9.2    Market Research Methodology
         9.2.1    Assumptions
         9.2.2    Limitations
         9.2.3    Primary Data Sources
         9.2.4    Secondary Data Sources
         9.2.5    Data Triangulation
         9.2.6    Market Estimation and Forecast

10 Annexure

10.1    Annexure A: List of Key Strategies and Developments in Global Digital Twin Market (Jan 2017- Mar 2020)

List of Tables

Table 1.1:    Impact Analysis of Drivers
Table 1.2:    Benefits of Digital Twins in Industrial IoT for Manufacturing Industries
Table 1.3:    Impact Analysis of Restraints
Table 4.1:    Global Digital Twin Market (by Product Offering), $Billion, 2019-2025
Table 4.2:    Product Portfolio of the Key Players Providing Digital Twin Platform
Table 4.3:    Hardware Offering by Key Players in the Digital Twin Market
Table 4.4:    Product Portfolio of the Key Players Providing Digital Twin Support Services
Table 5.1:    Global Digital Twin Market (by Type), $Billion, 2019-2025
Table 6.1:    Global Digital Twin Market (by Industry), $Billion, 2019-2025
Table 7.1:    Global Digital Twin Market (by Region), $Billion, 2019-2025
Table 7.2:    North America Digital Twin Market (by Industry), $Billion, 2019-2025
Table 7.3:    North America Digital Twin Market (by Country), $Billion, 2019-2025
Table 7.3:    U.K. Digital Twin Market (by Industry), $Billion, 2019-2025
Table 7.4:    Europe Digital Twin Market (by Industry), $Billion, 2019-2025
Table 7.5:    Europe Digital Twin Market (by Country), $Billion, 2019-2025
Table 7.6:    China Digital Twin Market (by Industry), $Billion, 2019-2025
Table 7.7:    Asia-Pacific and Japan Digital Twin Market (by Industry), $Billion,  2019-2025
Table 7.8:    Asia-Pacific and Japan Digital Twin Market (by Country)
Table 7.9:    Middle East and Africa Digital Twin Market (by Industry), $Billion,  2019-2025
Table 7.10:    Middle East and Africa Digital Twin Market (by Country)
Table 7.11:    South America Digital Twin Market (by Industry), $Billion, 2019-2025
Table 7.12:    South America Digital Twin Market (by Country), $Billion, 2019-2025
Table 8.1:    Amazon Web Services, Inc.: Product Portfolio
Table 8.2:    Alphabet Inc. Product Portfolio
Table 8.3:    AVEVA Group: Product Portfolio
Table 8.4:    Autodesk, Inc: Product Portfolio
Table 8.5:    Ansys, Inc: Product Portfolio
Table 8.6:    Bentley Systems: Product Portfolio
Table 8.7:    Cisco Systems Inc.: Product Portfolio
Table 8.8:    Dassault Systemes: Product Portfolio
Table 8.9:    IBM Corporation: Product Portfolio
Table 8.10:    Microsoft Corporation: Product Portfolio
Table 8.11:    PTC Inc.: Product Portfolio
Table 8.12:    SAP SE: Product Portfolio
Table 8.13:    Wipro Limited: Product Portfolio
Table 8.14:    Accenture plc: Product Portfolio
Table 8.15:    Capgemini: Product Portfolio
Table 8.16:    Cognizant Product Portfolio
Table 8.17:    ABB Ltd.: Product Portfolio
Table 8.18:    Emerson Electric: Product Portfolio
Table 8.19:    Honeywell International: Product Portfolio
Table 8.20:    Rockwell Automation Inc.: Product Portfolio

List of Figures

Figure 1:    Driving and Restraint Factors in the Global Digital Twin Market
Figure 2:    Global Digital Twin Market Snapshot
Figure 3:    Global Digital Twin Market (by Product Offering), $Billion, 2020 and 2025
Figure 4:    Global Digital Twin Market (by Type), $Billion, 2020 and 2025
Figure 5:    Global Digital Twin Market (by Industry), $Billion, 2020 and 2025
Figure 1.1:    Market Dynamics
Figure 1.2:    Key Features and Growth Enablers of Smart Buildings
Figure 1.3:    Stages of Implementing a Digital Twin
Figure 1.4:    Cost-Benefit of 3D Printing in Manufacturing Industries
Figure 1.5:    Advantages of Digital Twin Integrated 3D Printing
Figure 2.1:    Strategies Adopted by the Key Players (January 2017-March 2020)
Figure 2.2:    Share of Key Market Strategies and Developments (January 2017- March 2020)
Figure 2.3:    Partnerships, Collaborations and Joint Venture Shares (by Companies)
Figure 2.4:    Merger and Acquisition Share (by Companies)
Figure 2.5:    Business Expansion and Contract Share (by Companies)
Figure 2.6:    New Product Launches and Development Share (by Companies)
Figure 2.7:    Competitive Benchmarking Matrix
Figure 3.1:    Digital Twin Ecosystem
Figure 3.2:    Digital Twin Stakeholders
Figure 3.3:    Impact Analysis Matrix – Digital Twin
Figure 3.4:    Value Chain of Digital Twin
Figure 3.5:    Global Digital Twin: Investment and Funding, $Million, June 2017-May 2020
Figure 3.6:    Investment and Funding Landscape Share (by Round), $Million
Figure 4.1:    Advantages of Digital Twin Platform
Figure 4.2:    Global Digital Twin Platform Market, $Billion, 2019-2025
Figure 4.3:    Global Digital Twin Hardware Market, $Billion, 2019-2025
Figure 4.4:    Key Digital Twin Support Services
Figure 4.5:    Global Digital Twins Support Services Market, $Billion, 2019-2025
Figure 5.1:    Global Asset Digital Twins Market, $Billion, 2019-2025
Figure 5.2:    Global Process Digital Twins Market, $Billion, 2019-2025
Figure 5.3:    Global System Digital Twin Market, $Billion, 2019-2025
Figure 6.1:    Benefits of Digital Twin in Manufacturing
Figure 6.2:    Global Manufacturing Digital Twin Market, $Billion, 2019-2025
Figure 6.3:    Benefits of Digital Twin in Automotive
Figure 6.4:    Global Automotive Digital Twin Market, $Billion, 2019-2025
Figure 6.5:    Global Aviation Digital Twin Market, $Billion, 2019-2025
Figure 6.6:    Global Energy and Utilities Digital Twin Market, $Billion, 2019-2025
Figure 6.7:    Global Healthcare Digital Twin Market, $Billion, 2019-2025
Figure 6.8:    Global Logistics and Retail Digital Twin Market, $Billion, 2019-2025
Figure 6.9:    Other Industries
Figure 6.10:    Global Others Digital Twin Market, $Billion, 2019-2025
Figure 7.1:    Global Digital Twin: Regional Market Snapshot
Figure 7.2:    North America Digital Twin Market, $Billion, 2019-2025
Figure 7.3:    U.S. Digital Twin Market, $Billion, 2019-2025
Figure 7.4:    Canada Digital Twin Market, $Billion, 2019-2025
Figure 7.5:    Mexico Digital Twin Market, $Billion, 2019-2025
Figure 7.6:    Rest-of-North America Digital Twin Market, $Billion, 2019-2025
Figure 7.7:    U.K. Digital Twin Market, $Billion, 2019-2025
Figure 7.8:    Europe Digital Twin Market, $Billion, 2019-2025
Figure 7.9:    Germany Digital Twin Market, $Billion, 2019-2025
Figure 7.10:    France Digital Twin Market, $Billion, 2019-2025
Figure 7.11:    Focus Areas of Swedish Government
Figure 7.12:    Sweden Digital Twin Market, $Billion, 2019-2025
Figure 7.13:    Norway Digital Twin Market, $Billion, 2019-2025
Figure 7.14:    Netherlands Digital Twin Market, $Billion, 2019-2025
Figure 7.15:    Spain Digital Twin Market, $Billion, 2019-2025
Figure 7.16:    Rest-of-the-Europe Digital Twin Market, $Billion, 2019-2025
Figure 7.17:    China Digital Twin Market, $Billion, 2019-2025
Figure 7.18:    Asia-Pacific and Japan Digital Twin Market, $Billion, 2019-2025
Figure 7.19:    Japan Digital Twin Market, $Billion, 2019-2025
Figure 7.20:    South Korea Digital Twin Market, $Billion, 2019-2025
Figure 7.21:    India Digital Twin Market, $Billion, 2019-2025
Figure 7.22:    Australia Digital Twin Market, $Billion, 2019-2025
Figure 7.23:    Singapore Digital Twin Market, $Billion, 2019-2025
Figure 7.24:    Malaysia Digital Twin Market, $Billion, 2019-2025
Figure 7.25:    Rest-of-Asia-Pacific and Japan Digital Twin Market, $Billion, 2019-2025
Figure 7.26:    Middle East and Africa Digital Twin Market, $Billion, 2019-2025
Figure 7.27:    Saudi Arabia Digital Twin Market, $Billion, 2019-2025
Figure 7.28:    UAE Digital Twin Market, $Billion, 2019-2025
Figure 7.29:    Israel Digital Twin Market, $Billion, 2019-2025
Figure 7.30:    South Africa Digital Twin Market, $Billion, 2019-2025
Figure 7.31:    Rest-of-Middle East and Africa Digital Twin Market, $Billion, 2019-2025
Figure 7.32:    South America Digital Twin Market, $Million, 2019-2025
Figure 7.33:    Brazil Digital Twin Market, $Billion, 2019-2025
Figure 7.34:    Industry Value Added (Annual Growth in %) for Argentina
Figure 7.35:    Argentina Digital Twin Market, $Billion, 2019-2025
Figure 7.36:    Rest-of-South America Digital Twin Market, $Billion, 2019-2025
Figure 8.1:    Segmentation of Key Companies Profiled by Type of Company
Figure 8.2:    Amazon.com, Inc.: Net Revenue (by Business Segment), 2017-2019
Figure 8.3:    Amazon Web Services, Inc.: SWOT Analysis
Figure 8.4:    Alphabet Inc. Overall Financials, 2017-2019
Figure 8.5:    Alphabet Inc. Net Revenue by Business Segment, 2017-2019
Figure 8.6:    Alphabet Inc.: Net Revenue by Regional Segment, 2017-2019
Figure 8.7:    Alphabet Inc. SWOT Analysis
Figure 8.8:    AVEVA Group: Overall Financials, 2017-2019
Figure 8.9:    AVEVA Group: Net Revenue by Business Segment, 2017-2018
Figure 8.10:    AVEVA Group: Net Revenue by Business Segment, 2019
Figure 8.11:    AVEVA Group: Net Revenue by Regional Segment, 2017-2019
Figure 8.12:    AVEVA Group: SWOT Analysis
Figure 8.13:    Autodesk, Inc.: Overall Financials, 2017-2019
Figure 8.14:    Autodesk, Inc.: Net Revenue by Business Segment, 2017-2019
Figure 8.15:    Autodesk, Inc.: Net Revenue by Regional Segment, 2017-2019
Figure 8.16:    Autodesk, Inc: SWOT Analysis
Figure 8.17:    Ansys, Inc: Overall Financials, 2017-2019
Figure 8.18:    Ansys, Inc: Net Revenue by Business Segment, 2017-2019
Figure 8.19:    Ansys, Inc: Net Revenue by Regional Segment, 2017-2019
Figure 8.20:    Ansys, Inc: SWOT Analysis
Figure 8.21:    Bentley Systems: SWOT Analysis
Figure 8.22:    Cisco Systems Inc.: Overall Financials, 2017-2019
Figure 8.23:    Cisco Systems Inc.: Net Revenue (by Business Segment), 2017-2019
Figure 8.24:    Cisco Systems: Net Revenue (by Region), 2017-2019
Figure 8.25:    Cisco Systems Inc.: SWOT Analysis
Figure 8.26:    Dassualt Systemes: Overall Financials, 2017-2019
Figure 8.27:    Dassault Systemes: Net Revenue by Business Segment, 2017-2019
Figure 8.28:    Dassault Systemes: Net Revenue by Regional Segment, 2017-2019
Figure 8.29:    Dassault Systemes: SWOT Analysis
Figure 8.30:    IBM Corporation: Overall Financials, 2017-2019
Figure 8.31:    IBM Corporation: Net Revenue (by Business Segment), 2017-2019
Figure 8.32:    IBM Corporation: Net Revenue (by Regional Segment), 2017-2019
Figure 8.33:    IBM Corporation: R&D Expenditure, 2017-2019
Figure 8.34:    IBM Corporation: SWOT Analysis
Figure 8.35:    Microsoft Corporation: Overall Financials, 2017-2019
Figure 8.36:    Microsoft Corporation: Net Revenue (by Business Segment), 2017-2019
Figure 8.37:    Microsoft Corporation: Net Revenue (by Regional Segment), 2017-2019
Figure 8.38:    Research and Development: Microsoft Corporation – 2017 to 2019
Figure 8.39:    Microsoft Corporation: SWOT Analysis
Figure 8.40:    PTC: Overall Financials, 2017-2019
Figure 8.41:    PTC: Net Revenue by Business Segment, 2017-2019
Figure 8.42:    PTC: Net Revenue by Regional Segment, 2017-2019
Figure 8.43:    PTC: SWOT Analysis
Figure 8.44:    SAP SE: Overall Financials, 2017-2019
Figure 8.45:    SAP SE: Net Revenue by Business Segment, 2017-2019
Figure 8.46:    SAP SE: Net Revenue by Regional Segment, 2017-2019
Figure 8.47:    SAP SE: SWOT Analysis
Figure 8.48:    Wipro Limited: Overall Financials, 2017-2019
Figure 8.49:    Wipro Limited: Net Revenue (by Business Segment), 2018-2019
Figure 8.50:    Wipro Limited: Net Revenue by Regional Segment, 2018-2019
Figure 8.51:    Wipro Limited: SWOT Analysis
Figure 8.52:    Accenture plc: Overall Financials, 2017-2019
Figure 8.53:    Accenture plc: Net Revenue (by Business Segment), 2017-2019
Figure 8.54:    Accenture plc: Net Revenue (by Region), 2017-2019
Figure 8.55:    Accenture plc: SWOT Analysis
Figure 8.56:    Capgemini: Overall Financials, 2017-2019
Figure 8.57:    Capgemini: Net Revenue (by Business Segment), 2017-2018
Figure 8.58:    Capgemini: Net Revenue (by Business Segment), 2019
Figure 8.59:    Capgemini: Net Revenue (by Region), 2017-2019
Figure 8.60:    Capgemini: SWOT Analysis
Figure 8.61:    Cognizant: Overall Financials, 2017-2019
Figure 8.62:    Cognizant: Net Revenue by Business Segment, 2017-2019
Figure 8.63:    Cognizant: Net Revenue by Regional Segment, 2017-2019
Figure 8.64:    Cognizant: SWOT Analysis
Figure 8.65:    ABB Ltd.: Overall Financials, 2017-2019
Figure 8.66:    ABB Ltd.: Net Revenue (by Operating Segment), 2017-2019
Figure 8.67:    ABB Ltd.: Net Revenue (by Regional Segment), 2017-2019
Figure 8.68:    ABB Ltd.: SWOT Analysis
Figure 8.69:    Emerson Electric: Overall Financials, 2017-2019
Figure 8.70:    Emerson Electric: Net Revenue by Business Segment, 2017-2019
Figure 8.71:    Emerson Electric: Net Revenue by Regional Segment, 2017-2019
Figure 8.72:    Emerson Electric: Research and Development: 2017-2019
Figure 8.73:    Emerson Electric: SWOT Analysis
Figure 8.74:    Honeywell International: Overall Financials, 2017-2019
Figure 8.75:    Honeywell International: Net Revenue (by Business Segment), 2017-2019
Figure 8.76:    Honeywell International: SWOT Analysis
Figure 8.77:    Rockwell Automation Inc.: Overall Financials, 2017-2019
Figure 8.78:    Rockwell Automation Inc.: Net Revenue (by Business Segment), 2017-2019
Figure 8.79:    Rockwell Automation Inc.: Net Revenue (by Regional Segment), 2018-2019
Figure 8.80:    Research and Development: Rockwell Automation – 2017-2019
Figure 8.81:    Rockwell Automation Inc.: SWOT Analysis
Figure 9.1    Digital Twin Market Scope
Figure 9.2    Report Methodology
Figure 9.3    Primary Interviews Breakdown, by Company, Designation, and Region
Figure 9.4    Sources of Secondary Research
Figure 9.5    Data Triangulation
Figure 9.6    Top-Down and Bottom-Up Approach for Market Estimation

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