How big is the Digital Twin Market?

The Digital Twin Market size is expected to reach USD 26.25 billion in 2024 and grow at a CAGR of 37.87% to reach USD 130.77 billion by 2029. Read More

What is the current Digital Twin Market size?

In 2024, the Digital Twin Market size is expected to reach USD 26.25 billion. Read More

Who are the key players in Digital Twin Market?

ANSYS Inc., Cal-Tek SRL, Cityzenith Inc., General Electric Company and IBM Corporation are the major companies operating in the Digital Twin Market. Read More

Which is the fastest growing region in Digital Twin Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Digital Twin Market?

In 2024, the North America accounts for the largest market share in Digital Twin Market. Read More

What years does this Digital Twin Market cover, and what was the market size in 2023?

In 2023, the Digital Twin Market size was estimated at USD 16.31 billion. The report covers the Digital Twin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Digital Twin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the future trends in the Digital Twin Market?

The key future trends in the Digital Twin Market are: a) Integration of AI and machine learning for better predictive analytics b) Increased adoption in Small and Medium Enterprises (SMEs) c) Broader applications in sectors like healthcare and urban planning Read More

What are the future trends in the Digital Twin Market?

The key future trends in the Digital Twin Market are: a) Integration of AI and machine learning for better predictive analytics b) Increased adoption in Small and Medium Enterprises (SMEs) c) Broader applications in sectors like healthcare and urban planning Read More

Digital Twin Market Share

Statistics for the 2023 & 2024 Digital Twin market share, created by Mordor Intelligence™ Industry Reports. Digital Twin share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Digital Twin Industry

The digital twin market is fragmented with major players like ANSYS Inc., Cal-Tek SRL, Cityzenith Inc., General Electric Company, and IBM Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their service offerings and gain sustainable competitive advantage.

March 2024: IBM Consulting, in collaboration with NVIDIA, spearheaded AI-driven transformations for its clients within an open ecosystem. This strategic alliance leverages IBM Consulting's profound industry insights and technological prowess, synergizing with NVIDIA's offerings, such as the NVIDIA AI Enterprise software. Noteworthy components include the introduction of NVIDIA NIM microservices and the versatile NVIDIA Omniverse platform. Central to their strategy are generative AI, robotics, and digital twins, pivotal for seamless integration into production environments. IBM Consulting is at the forefront, harnessing NVIDIA's Isaac Sim and Omniverse to craft and deploy digital twin applications. These applications are revolutionizing supply chain and manufacturing landscapes, orchestrating intricate multi-agent robotic setups.
March 2024: Microsoft Corp. and NVIDIA expanded their longstanding collaboration with powerful new integrations that leverage the latest NVIDIA generative AI and Omniverse technologies across Microsoft Azure, Azure AI services, Microsoft Fabric, and Microsoft 365.