Digital twin market

Worth $48.2 billion by 2026 accordingly to MarketsandMarkets report

$ 3.1 billion

Digital Twin market valued in 2020
$ 48.2 billion

Expected to reach by 2025
Key Market Players
General Electric (US), IBM (US), PTC (US), Microsoft Corporation (US), Siemens AG (Germany), ANSYS (US), SAP (Germany), Oracle (US), Robert Bosch (Germany), and SWIM.AI (US).
Based on Technologies
  • Internet of Things (embedded and external)
  • Blockchain
  • Artificial Intelligence & Machine Learning
  • Augmented Reality, Virtual Reality, and Mixed Reality
  • Big Data Analytics
  • 5G
Sectors affected
Industry 4.0
Connected factories
Energy sector
Retail
Facility management
Healthcare
Medical facilities
Public sector
Reference
The report Digital Twin Market by Technology, Type (Product, Process, and System), Application (predictive maintenance, and others), Industry (Aerospace & Defense, Automotive & Transportation, Healthcare, and others ), and Geography - Global Forecast to 2026 by MarketsandMarkets.
How Are Digital Twins Used In Practice: 5 Real-World Examples Beyond Manufacturing