Astute Analytica publishes a research report on the Digital Twin for Buildings Market. The analysis report contains in-depth data about demand, growth, opportunities, challenges, and restraints. In addition, it provides a thorough examination of the structure and possibility of global and regional industries.
The global Digital Twin for Buildings Market was valued at US$ 1,260.36 million in 2022 and is projected to reach a market size of US$ 15,972.2 million by 2031 at a CAGR of 32.6% during the forecast period 2023–2031. It analyses the market’s regional trends, size, expansion prospects, and important factors in each region. Additionally, it acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. Both the direct and indirect effects of the pandemic on related industries are taken into account and discussed in the report.
The report gives a thorough analysis of the Digital Twin for Buildings Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The Leading Companies Mentioned are
- ABB
- Accenture PLC
- Ansys, Inc.
- Priori Technologies, Inc.
- Bentley Systems, Incorporated
- Cisco Systems, Inc.
- Dassault Systems, Inc.
- DHL International GmbH.
- DXC Technology Company
- GE Digital (Predix)
- IBM Corporation
- Microsoft Azure
- Oracle Corporation
- PTC Inc.
- Robert Bosch GmbH
- SAP SE
- Siemens AG
- Other Major Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The Segmentation Overview of the Digital Twin for Buildings Market Includes
By Component
- Software
- Cloud
- On-premise
- Services
- Professional
- Managed
By Type
- Descriptive twin
- Informative twin
- Predictive twin
- Comprehensive twin
- Autonomous twin
By Application
- Automated Progress Monitoring
- As-executed Vs. As-planned Models
- Resource Management and Logistics
- Safety Monitoring
- Quality Assessment
- Optimization Of Equipment Usage
- Monitoring And Tracking Of Workers
By Industry
- Manufacturing
- Aerospace & Defense
- Oil & Gas
- Utilities
- Healthcare & Life Sciences
- Automotive
- Construction
- IT & Telecom
- Retail
- Consumer Goods & Packaging
- Transportation
- Smart Cities
- Other
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Overall, Astute Analytica’s report on the Digital Twin for Buildings Market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.