Middle East & Africa Digital Twin Market Size & Outlook
Middle East & Africa digital twin market, 2018-2030 (US$M)
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MEA digital twin market highlights
- The MEA digital twin market generated a revenue of USD 612.9 million in 2023.
- The market is expected to grow at a CAGR of 28.7% 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.
MEA data book summary
| Market revenue in 2023 | USD 612.9 million |
| Market revenue in 2030 | USD 3,584.4 million |
| Growth rate | 28.7% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Agriculture |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.7% of the global digital twin market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 51,738.6 million by 2030.
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Digital Twin Market Scope
Digital Twin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 16.64% in 2023. Horizon Databook has segmented the Middle East & Africa 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 implementation of emerging technologies, such as cloud computing, big data, Artificial Intelligence (AI), IoT, and Machine Learning (ML) in digital twin solutions is anticipated to boost the market growth over the forecast period.
Various end-user companies are deploying IoT and AI technologies to collect and interpret data from connected devices, which can be later used in digital twin models to replicate the operation and performance of the existing devices.
This is allowing designers and engineers to monitor the device performance, identify any issues, and predict repetitive problems. The integration of these emerging technologies is also helping companies enhance system productivity and operations, thereby driving regional market growth.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa digital twin market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa digital twin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa digital twin market
Middle East & Africa Digital Twin Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa digital twin market
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