Market Overview: Next Steps For Digital Twins
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Executive Summary
This report provides a strategic overview of the digital twin software application market for executives at firms that deliver digital twin projects. In this report, we outline what kinds of digital twins are available, highlight barriers that stunt the growth of the digital twin market and discuss the technologies that will supercharge it in the future. Dissecting the market into industries shows that digital twins are well-established in the oil and gas and infrastructure industries and are set to grow in the railways and power utility industries. We recommend that digital twin providers should educate their customers, leverage industry-specific expertise and build a strong partner network, in order to thrive.
Table of contents
Market Overview: Next Steps For Digital TwinsThe Maturation Of Digital Twin Technology And Its Associated Benefits Will Drive Uptake
The Digital Twin Market Continues To Evolve And Grow
Digital Twins Cater To A Multitude Of Usage Scenarios Across The Asset Life Cycle
Digital Twins Create Value By Enhancing Real-Time Visibility And Delivering Insights Into The Future
The Second Wave Of Digital Twin Customers Will Be Powered By Experience And Innovations
Digital Twin Vendors Focus On Innovations To Bolster Their Value Proposition
Wisdom Gained From The Infrastructure And Oil And Gas Industries Will Trickle Down To Fuel Uptake Elsewhere
Digital Twin Providers Should Complete These Actions To Become More Competitive
Table of figures
Figure 1. Sophistication Levels Of Digital TwinsFigure 2. The Use Of Digital Twins Throughout The Asset Life Cycle
Figure 3. How Digital Twins Create Value From Asset Data
Figure 4. 2020 Digital Twins For Industrial Facilities Market By Industry ($ Billion)
Figure 5. 2025 Digital Twins For Industrial Facilities Market By Industry ($ Billion)
Organisations mentioned
Airbus, Aker BP, Akselos, Arcadis, ASCon Systems, AspenTech, Audi, AVEVA, Bentley Systems, Boston Dynamics, Cognite, Copperleaf, Cosmo Tech, DNV , Enel X, Flutura, FutureOn, GE Digital, GitHub, Hexagon, Kongsberg Digital, Mercedes-Benz, Microsoft, NASA, National Grid Gas Transmission (NGGT), Neptune Energy, Nestlé, PepsiCo, Petrofac, Saudi Aramco, Schlumberger, Seebo, Shell, Siemens Digital Industries, Singapore Land Authority, SPE, TU Dresden, VolkswagenAbout the authors
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