About Digital Twin
Digital twins integrate technologies such as machine learning, M2M, artificial intelligence (AI), predictive analytics, and sensor telemetry to create digital clones of physical machines and idealized digital simulation models that evolve based on the data collected from real-world instances. Digital twins are digital copies of physical assets including all their modeled characteristics and behaviors. This can also include the effects of aging and repeated usage on a physical object over a period of time. A digital twin is designed by 3D modeling a physical object, which is activated using sensors that have data collected from sensors of the physical object.
Technavio’s analysts forecast the global digital twin market to grow at a CAGR of 32.73% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global digital twin market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of hardware and software products used to develop and implement digital twin technology, which is deployed on-premises and on the cloud.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Digital Twin Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• General Electric
• Microsoft
• PTC
• Siemens
Other prominent vendors
• Oracle
• IBM
• ANSYS
• Bosch Software Innovations
• SAP
Market driver
• Developments in sensor technologies and communication devices
• For a full, detailed list, view our report
Market challenge
• High costs of implementation
• For a full, detailed list, view our report
Market trend
• Industrial Internet revolution
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
• Market outline
PART 05: MARKET LANDSCAPE
• Market ecosystem
• Market characteristics
• Market segmentation analysis
PART 06: MARKET SIZING
• Market definition
• Market sizing 2016
• Market size and forecast 2016-2021
PART 07: FIVE FORCES ANALYSIS
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition
PART 08: MARKET SEGMENTATION BY DEPLOYMENT
• Segmentation by deployment
• Comparison by deployment
• On-premises – Market size and forecast 2016-2021
• Cloud-based – Market size and forecast 2016-2021
• Market opportunity by deployment
PART 09: CUSTOMER LANDSCAPE
PART 10: MARKET SEGMENTATION BY END-USER
• Segmentation by end-user
• Comparison by end-user
• Aerospace – Market size and forecast 2016-2021
• Automotive – Market size and forecast 2016-2021
• Energy – Market size and forecast 2016-2021
• Home automation – Market size and forecast 2016-2021
• Manufacturing – Market size and forecast 2016-2021
• Others – Market size and forecast 2016-2021
• Market opportunity by end-user
PART 11: REGIONAL LANDSCAPE
• Geographical segmentation
• Regional comparison
• Americas – Market size and forecast 2016-2021
• EMEA – Market size and forecast 2016-2021
• APAC – Market size and forecast 2016-2021
• Market opportunity
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES
• Market drivers
• Market challenges
PART 14: MARKET TRENDS
• Industrial Internet revolution
• Evolution of IIoT
• Growing adoption of cloud-based services
PART 15: VENDOR LANDSCAPE
• Competitive scenario
PART 16: VENDOR ANALYSIS
• Vendors covered
• Vendor profiles
PART 17: APPENDIX
• List of abbreviations
List of Exhibits
Exhibit 01: Parent market
Exhibit 02: Global IT spending market: Overview
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2016
Exhibit 07: Validation techniques employed for market sizing 2016
Exhibit 08: Global digital twin market – Market size and forecast 2016-2021 ($ bn)
Exhibit 09: Global digital twin market – Year-over-year growth 2017-2021 (%)
Exhibit 10: Five forces analysis 2016
Exhibit 11: Five forces analysis 2021
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces
Exhibit 18: Deployment – Market share 2016-2021 (% of revenue)
Exhibit 19: Comparison by deployment
Exhibit 20: On-premises – Market size and forecast 2016-2021 ($ bn)
Exhibit 21: On-premises – Year-over-year growth 2017-2021 (%)
Exhibit 22: Cloud-based – Market size and forecast 2016-2021 ($ bn)
Exhibit 23: Cloud-based – Year-over-year growth 2017-2021 (%)
Exhibit 24: Market opportunity by deployment
Exhibit 25: End-user – Market share 2016-2021 (% of revenue)
Exhibit 26: Comparison by end-user
Exhibit 27: Aerospace – Market size and forecast 2016-2021 ($ bn)
Exhibit 28: Aerospace – Year-over-year growth 2017-2021 (%)
Exhibit 29: Automotive – Market size and forecast 2016-2021 ($ bn)
Exhibit 30: Automotive – Year-over-year growth 2017-2021 (%)
Exhibit 31: Energy – Market size and forecast 2016-2021 ($ bn)
Exhibit 32: Energy – Year-over-year growth 2017-2021 (%)
Exhibit 33: Home automation – Market size and forecast 2016-2021 ($ bn)
Exhibit 34: Home automation – Year-over-year growth 2017-2021 (%)
Exhibit 35: Manufacturing – Market size and forecast 2016-2021 ($ bn)
Exhibit 36: Manufacturing – Year-over-year growth 2017-2021 (%)
Exhibit 37: Others – Market size and forecast 2016-2021 ($ bn)
Exhibit 38: Others – Year-over-year growth 2017-2021 (%)
Exhibit 39: Market opportunity by end-user
Exhibit 40: Global – Market share by geography 2016-2021 (%)
Exhibit 41: Regional comparison
Exhibit 42: Americas – Market size and forecast 2016-2021 ($ bn)
Exhibit 43: Americas – Year-over-year growth 2017-2021 (%)
Exhibit 44: Top 3 countries in Americas
Exhibit 45: EMEA – Market size and forecast 2016-2021 ($ bn)
Exhibit 46: EMEA – Year-over-year growth 2017-2021 (%)
Exhibit 47: Top 3 countries in EMEA
Exhibit 48: APAC – Market size and forecast 2016-2021 ($ bn)
Exhibit 49: APAC – Year-over-year growth 2017-2021 (%)
Exhibit 50: Top 3 countries in APAC?
