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

Access this research

An Operational Excellence subscription is needed to access this content.

Please choose an option below

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 a Technology Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on covering industrial risk technologies, best practices and growth strategies. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Dow Jones Indices, and held positions in China, Brunei and Kenya. Sebastian holds an MSc in Environmental Technology from Imperial College London.

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on the digitization of Operational Excellence and covers operational risk technologies, best practices and growth strategies. Her recent research focussed on benchmarking the capabilities of the prominent operational risk software vendors. She has over 10 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.

Related Reports

Not a Verdantix client yet?

Register with Verdantix for authoritative data, analysis and advice to allow your business to succeed.