Digital Twins For Industrial Facilities: Key Trends And Market Forecast 2020-2040 (Webinar)

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Executive Summary

This webinar will help executives at digital twins for industrial facilities vendors, current and prospective investors in the digital twins market, as well as service providers active in the digital transformations ecosystem to understand the future growth prospects of the digital twins for industrial facilities market. Based on a bottom-up analysis of vendor revenues and survey data from 284 interviews with customers, Verdantix finds that the digital twins for industrial facilities market will grow from $787 million in 2020 to $28.3 billion in 2040. To take advantage of this opportunity vendors need to promote oil and gas client success stories, build lightweight offerings for the manufacturing segment, target the infrastructure segment, and develop productised offerings and new revenue models targeted at other asset classes.

Organisations mentioned

About the authors

Sebastian Winter

Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management software, and connected worker platforms. Sebastian also delivers market strategy, voice of the customer, thought leadership, CDD, and digital strategy advisory pieces. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Global, and held positions in China, Brunei and Kenya. Sebastian holds an MSc Environmental Technology from Imperial College London.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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