How the Digital Twin Market Is Set to Grow to $35.8b pa Over the Next Few Years

PB 2 Siemens 400

June 22, 2020

A recent Markets & Markets report estimated the Digital Twin market will grow from $3.8 billion in 2019, to $35.8 billion per year by 2025, at a CAGR of 45.4%. Digital Twin software is already revolutionizing industries such as Healthcare, Architecture, Aerospace, Defence, and Automotive & Transportation.

Furthermore, the global Smart Infrastructure market, which includes the Digital Twin sector, is expected to thrive at a considerable CAGR between 2020 and 2025 as demand for the Smart Infrastructure has been a booming year on year, reports Market Research Explore. The report for the global Smart Infrastructure market, named Siemens, Cityzenith, and Black & Veatch, as the leading companies in the sector.

What is a Digital Twin?

Digital Twins bridge the digital and physical worlds. Digital Twins are virtual replicas of buildings, infrastructure and physical assets, fully interconnected with the data in and around them that optimize project performance, and help predict and visualize future outcomes.

The world is building larger projects in larger numbers than at any time in history. Our planet must accommodate the equivalent of 10,000 new cities by 2050 just to keep pace with the projected population explosion.

That’s the challenge confronting architects, engineers, and construction professionals today. Yet many are forced to work with 20, 30, 50, and sometimes hundreds of different systems that don’t speak to each other, resulting in multiple disconnected data siloes. The result? Productivity declines, decisions are poorly informed, and projects get delayed or yield sub-optimal outcomes.

That’s where Digital Twin technology takes center stage.

How is the Digital Twin field evolving?

The global Digital Twin industry, now in the early adopter upswing phase post-hype cycle (ref. Crossing the Chasm), moving from concept to reality, from high-level discussions that ambitiously prophesy a Minority Report-style future, filled with connected, interactive buildings and cyborgs, to ground floor, grassroots, granular implementations of specific ROI-driven use cases.

One of the companies featured in the report Cityzenith, have been observing a shift in activity away from proof of concept-oriented projects full, enterprise-wide deployments. They are also seeing the expansion of the use of Digital Twin solutions in new sectors that weren’t using them before.

The earliest Digital Twin projects focused primarily on the manufacturing sector, assisting plant operators to better coordinate, manage, and optimize production activity. Their project list today spans multiple sectors, including but not limited to commercial real estate, retail, infrastructure, smart cities, smart campuses, smart districts, energy, and many others.

Interest in all things Digital Twin is growing virally, even as the definition of what a Digital Twin actually is, continues to take shape. Six countries around the world now have a national Digital Twin program, most notably the United Kingdom; in the United States, the AIA is currently considering Digital Twin practice guidelines.

What’s more, both private sector and public sector tenders the world over now routinely call for Digital Twin solutions, including the new mega Smart City in Saudi Arabia, which plans to test 19 different Digital Twin use cases over the next two years, and the new capital city of Amaravati in Andhra Pradesh, India, which claimed to be the first ever greenfield city born with a Digital Twin.

The world’s most advanced Digital Twin software, SmartWorldPro is delivering value across multiple functional areas like maintenance, energy consumption, space utilization and traffic management, Cityzenith’s Digital Twin platform, SmartWorldPro, aggregates and analyzes information needed to design, build, and run projects at any scale.

For more information, visit Siemens, CityZenith and Black & Veatch.

Related Articles


Changing Scene

  • Andreas Sobotta to Assume Role of Vice President North and South America for Pilz Automation

    Andreas Sobotta to Assume Role of Vice President North and South America for Pilz Automation

    Pilz Automation Safety Canada L.P. announces that their long-term CEO and GM, Andreas Sobotta, will assume the role of Vice President North and South America, effective immediately. He will still work from the Canadian office in Mississauga and visit all other subsidiaries in North and South America. Pilz will take their time to find a… Read More…

  • SEW-Eurodrive: MAXOLUTION System Solutions

    SEW-Eurodrive: MAXOLUTION System Solutions

    Whether in production or logistics operations, MAXOLUTION is synonymous with innovation in factory automation – across all industries and worldwide – helping you achieve your vision of an adaptable and resilient lean smart factory. Under the MAXOLUTION brand, SEW-EURODRIVE creates customized solutions for cutting-edge materials handling technology – from the shop floor through to IT.… Read More…


Sponsored Content
The Easy Way to the Industrial IoT

The way to the Industrial IoT does not have to be complicated. Whether access to valuable data is required or new, data-driven services are to be generated, Weidmuller enables its customers to go from data to value the easy way. Weidmuller’s comprehensive and cutting-edge IIoT portfolio applies to greenfield and brownfield applications. Weidmuller offers components and solutions from data acquisition, data pre-processing, data communication and data analysis.

Visit Weidmuller’s Industrial IoT Portfolio.


ADVANCED Motion Controls Takes Servo Drives to New Heights (and Depths) with FlexPro Extended Environment Product Line

Advanced Motion Controls is proud to announce the addition of six new CANopen servo drives with Extended Environment capabilities to their FlexPro line. These new drives join AMC’s existing EtherCAT Extended Environment FlexPro drives, making the FlexPro line the go-to solution for motion control applications in harsh environments.

Many motion control applications take place in conditions that are less than ideal, such as extreme temperatures, high and low pressures, shocks and vibrations, and contamination. Electronics, including servo drives, can malfunction or sustain permanent damage in these conditions.

Read More


Service Wire Co. Announces New Titles for Key Executives

Bruce Kesler and Mark Gatewood have been given new titles and responsibilities for Service Wire Co.

Bruce Kesler has assumed the role of Senior Director – Business Development. Bruce will be responsible for Service Wire’s largest strategic accounts and our growing Strategic Accounts Team.

Mark Gatewood has been promoted to the role of Vice President – Sales & Marketing. In this role, Gatewood will lead the efforts of Service Wire Company’s entire sales and marketing organization in all market verticals.

Read More


Tri-Mach Announces the Purchase of an Additional 45,000 sq ft. Facility

Tri-Mach Elmira Facility

Recently, Tri-Mach Inc. was thrilled to announce the addition of a new 45,000 sq ft. facility. Located at 285 Union St., Elmira, ON, this facility expands Tri-Mach’s capabilities, allowing them to better serve the growing needs of their customers.

Positioning for growth, this additional facility will allow Tri-Mach to continue taking on large-scale projects, enhance product performance testing, and provide equipment storage for their customers. The building will also be the new home to their Skilled Trades Centre of Excellence.

Read More


JMP Parent Company, CONVERGIX Acquires AGR Automation, Expanding Global Reach

Convergix Automation Solutions has completed the acquisition of AGR Automation (“AGR”), a UK-based provider of custom, high-performance automation design and systems integration primarily to the life sciences industry.

Following Convergix’s acquisitions of JMP Solutions in August 2021 and Classic Design in February 2022, AGR marks the third investment in Crestview’s strategy to build Convergix into a diversified automation solutions provider targeting the global $500+ billion market, with a particular focus on the $70 billion global systems integration and connectivity segments. Financial terms of the transaction were not disclosed.

Read More


Latest Articles

  • Making the Sustainable Transformation of the Process Industry a Success

    Making the Sustainable Transformation of the Process Industry a Success

    By Krystie Johnston and Dr. Manfred Jagiella – Sustainability facilitates opportunity when approached with a mindset to preserve resources and promote circularity. We share one Earth, and it is our global responsibility to care for it for the next generation. Endress+Hauser is one global company that understands this responsibility – and practices it as well.… Read More…

  • Why NOARK’s 12VDC Shunt Trip Coils for MCCBs Make Power Systems Reliable and Safer

    Why NOARK’s 12VDC Shunt Trip Coils for MCCBs Make Power Systems Reliable and Safer

    Circuit breakers are an essential component of any modern electrical system. Designed to protect your home or business from potential overloads or short circuits, these devices are your first line of defense against electrical fires. There are, however, situations where remote tripping of the circuit breaker may be required. It could be for operational reasons,… Read More…