Digital Twin Market Growth Trends & Forecast till 2028

The digital twin market was estimated at USD 7.2 billion in 2021 and is expected to grow at a CAGR of 44% during 2022-2028 to reach USD 92.44 billion in 2028.


Stratview Research has launched a new report on the “Digital Twin Market” and forecast to 2028. This report provides deep insights into the revenue, market trends, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Digital Twin Market during the forecast period, i.e., 2022–2028.

Market Insights

The digital twin market was estimated at USD 7.2 billion in 2021 and is expected to grow at a CAGR of 44% during 2022-2028 to reach USD 92.44 billion in 2028.

What is a digital twin?

A digital twin is a digital replica of a non-living or living physical object. It continuously updates and learns itself from multiple sources to represent its near real-time status, working condition, or position.

COVID-19 Impact Analysis

The COVID-19 pandemic has positively impacted the global digital twin market. During the pandemic, major manufacturers used a variety of strategies to increase their market share in the broader marketplace, including product launches, product improvements, and RD spending.

This report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Digital Twin Market. Our expert analysts provide a wide-ranging analysis of the Digital Twin Market size, share, trends, gross revenue, and profit margin to precisely draw a forecast and provide expert insights to the shareholders to keep them updated with the trends in the market.

Market Drivers

The growth of the digital twin market is primarily driven by:

  • Advancements in technologies,
  • Increasing adoption of the digital twin in various industries,
  • Integration of digital twin technology with technologies, such as Artificial Intelligence (AI), IoT, and cloud computing.

Major key players covered in this report:

This section of the Digital Twin Market report explains the expansion plans, MA, investment analysis, funding, revenues in manufacturers, etc. of the leading players. Here is a list of major key players of the industry.

  • Ansys
  • General Electric
  • IBM
  • Microsoft Corporation
  • Oracle
  • PTC
  • Robert Bosch
  • SAP
  • Siemens AG
  • SWIM AI Alubond U.S.A.

Customization of the Report:

With this detailed report, Stratview Research also offers customization options to its clients to meet their requirements. Please connect with our sales team at [email protected]. You can also get in touch with us on (+1-313-307-4176) to share your research requirements.

What we do:

Stratview Research is one of the leading global Market Research agencies helping clients tract the ever-evolving market scenarios through our customised and syndicated reports. Our reports include both quantitative and qualitative market data, gathered with the help of our across-the-board and reliable secondary sources and our in-depth interviews with the key players within the market. Our market valuations, derived from primary and secondary research, keep our clients informed about major market trends, opportunities, and challenges that may help or hamper their growth prospects in the industry.