India Digital Twin Market Size & Outlook, 2023-2030
India digital twin market, 2018-2030 (US$M)
Related Markets
India digital twin market highlights
- The India digital twin market generated a revenue of USD 855.8 million in 2023 and is expected to reach USD 12,158.5 million by 2030.
- The India market is expected to grow at a CAGR of 46.1% from 2024 to 2030.
- In terms of segment, manufacturing was the largest revenue generating end-use in 2023.
- Agriculture is the most lucrative end-use segment registering the fastest growth during the forecast period.
Digital twin market data book summary
| Market revenue in 2023 | USD 855.8 million |
| Market revenue in 2030 | USD 12,158.5 million |
| Growth rate | 46.1% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Agriculture |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manufacturing, Agriculture, Automotive & Transport, Energy & Utilities, Healthcare & Life Sciences, Residential & Commercial, Retail & Consumer Goods, Aerospace, Telecommunication |
| Key market players worldwide | ABB Ltd, Amazon.com Inc, Ansys Inc, Autodesk Inc, Schneider Electric SE, Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, GE Aerospace, Hexagon AB ADR, International Business Machines Corp, Microsoft Corp, PTC, Robert Bosch Engineering & Business Solutions, Rockwell Automation Inc, SAP SE, Siemens AG |
Other key industry trends
- In terms of revenue, India accounted for 5.1% of the global digital twin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China digital twin market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,158.5 million by 2030.
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Digital Twin Market Scope
Digital Twin Market Companies
| Name | Profile | # Employees | HQ | Website |
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India digital twin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital twin market will help companies and investors design strategic landscapes.
Manufacturing was the largest segment with a revenue share of 16.78% in 2023. Horizon Databook has segmented the India digital twin market based on manufacturing, agriculture, automotive & transport, energy & utilities, healthcare & life sciences, residential & commercial, retail & consumer goods, aerospace, telecommunication covering the revenue growth of each sub-segment from 2018 to 2030.
The growing deployment of cloud-based solutions, rising demand for big data analytics, and increasing implementation of AI in digital experience platforms have significantly propelled the growth of the Indian regional market. Customer engagement is critical in India.
Digital Experience Platforms can serve as the foundation of the engagement model by assisting brands in listening to their customers. Acting on data more spontaneously, and creating an experience to which every customer can relate.
In May 2022, the government of India launched the National Data and Analytics Platform (NDAP). The platform seeks to democratize public government data by making it accessible, interoperable, and interactive for the public.
Reasons to subscribe to India digital twin market databook:
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Target buyers of India digital twin market databook
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Our clientele includes a mix of digital twin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India digital twin market , including forecasts for subscribers. This country databook contains high-level insights into India digital twin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India digital twin market size, by end-use, 2018-2030 (US$M)
India Digital Twin Market Outlook Share, 2023 & 2030 (US$M)
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Related regional statistics
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