Digital Twins For Industrial Facilities: Key Trends And Market Forecast 2020-2040 (Webinar)
Sebastian Winter
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Executive Summary
This webinar will help executives at digital twins for industrial facilities vendors, current and prospective investors in the digital twins market, as well as service providers active in the digital transformations ecosystem to understand the future growth prospects of the digital twins for industrial facilities market. Based on a bottom-up analysis of vendor revenues and survey data from 284 interviews with customers, Verdantix finds that the digital twins for industrial facilities market will grow from $787 million in 2020 to $28.3 billion in 2040. To take advantage of this opportunity vendors need to promote oil and gas client success stories, build lightweight offerings for the manufacturing segment, target the infrastructure segment, and develop productised offerings and new revenue models targeted at other asset classes.About the Authors
Sebastian Winter
Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management softwar...
Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...
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