Digital Twin Adoption Set To Take Off Across Multiple Industries
Dennis Callaghan
Access this research
Access all Asset Performance Management Software content with a strategic subscription or buy this single report
Need help or have a question about this report? Contact us for assistance
Executive Summary
This report provides an industry-level breakdown of the significance of digital twin simulations of plants and facilities for 284 managers responsible for operational excellence. Digital twins ranked as the most significant of nine digital innovations for operational excellence initiatives in 2020 and 2021, with 94% of survey respondents listing the technology as “very significant” or “significant.” Mining and infrastructure firms are most enthusiastic about digital twin adoption for the next two years, though oil and gas, transport, maritime and power utilities will also embrace the technology. To capitalize on this opportunity, digital twin software vendors will need to educate the market on the power and capabilities of digital twins for asset monitoring while partnering with service providers and network infrastructure providers to make digital twins a reality for customers.Opportunities And Pitfalls Await Digital Twin Software Vendors
About the Authors
Dennis Callaghan
Principal Analyst
Dennis is a Principal Analyst at Verdantix, contributing to both the Operational Excellence and Smart Buildings practices. His current research agenda focuses on covering...
David Metcalfe
CEO and Co-Founder
David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a ...
View ProfileOther related content
Episode 30 Global supply chains are under immense stress. Whether it’s a case of sanctioned goods and impure materials or unethical labour practices, the potential for hidden ri...
27 January, 2026
For years, industry practitioners have watched Boston Dynamics’s Atlas perform backflips and parkour. But beyond the viral clips, a question has loomed: when will robots like this ...
15 January, 2026
Control of Work (CoW) is critical to preventing serious injuries and fatalities, the top priority of 80% of EHS leaders. Yet many organizations still rely on paper-based processes ...
Upcoming / 19 February, 2026
Labour shortages have become one of the most significant constraints facing industrial and manufacturing firms today. Attrition, an ageing workforce and growing skills requirements...
Upcoming / 18 February, 2026
Today’s facilities managers are no longer just responsible for keeping buildings running - they’re expected to deliver on sustainability goals, ensure energy resilience, and overse...
Upcoming / 17 February, 2026
On December 17, 2025, IFS announced that it had entered into a definitive agreement to acquire Softeon, a provider of cloud-native warehouse management, warehouse execution and dis...
22 December, 2025