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