조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년07월
Building Twin Market – Global Forecast To 2029
빌딩 트윈 시장 – 오퍼링(소프트웨어 솔루션, 서비스), 용도(시설 관리, 예지 보전, 안전 및 보안 관리, 에너지 관리) 최종 사용자(상업, 산업), 지역별 – 2029년까지의 세계 예측
Building Twin Market by Offering (Software Solutions, Services), Application (Facility Management, Predictive Maintenance, Safety & Security Management, Energy Management), End User (Commercial, Industrial) and Region – Global Forecast to 2029
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| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
The building twin market is expected to grow from USD 2.1 billion in 2024 to USD 13.3 billion by 2029, at a CAGR of 44.7% during the forecast period.
빌딩 트윈 시장은 예측 기간 동안 CAGR 44.7%로 2024년 21억 달러에서 2029년까지 133억 달러로 성장할 것으로 예상됩니다.
The growth of the building twin market is driven mainly by the growing focus on cost reduction and reducing environmental impact; and growing focus on predictive maintenenace are driving the market for building twin.
“The building twin market for the commercial end user segment is expected to grow at the highest CAGR during the forecast period”
The building twin market for the commercial end user segment is expected to grow at the highest CAGR during the forecast period. This growth is driven by a rising demand for effective building management, cost efficiency, and sustainability practices specifically tailored for commercial properties. Digital twin technology offers significant advantages such as real-time monitoring, predictive maintenance, and optimized space utilization, which are particularly valuable in commercial environments. Furthermore, businesses increasingly emphasize improving tenant experiences and meeting regulatory standards, which further promotes the adoption of digital twins. By integrating IoT and AI technologies, commercial enterprises can leverage advanced analytics and automation to enhance operational efficiency and decision-making processes. These factors collectively contribute to the rapid expansion of the building twin market within the commercial sector.
“Facility Management application segment is expected to dominate the building twin market throughout the forecast period”
The Facility Management application is expected to account for the largest size of the building twin market throughout the forecast period. The growth is driven by its critical role in improving building performance through real-time monitoring, and effective management of building systems. Advanced analytics and IoT technologies further boost efficiency, reduce downtime and prolong the lifespan of building assets. In addition, increasingly complex building systems and a focus on sustainability are also driving the adoption of these solutions, ensuring compliance with regulations while enhancing comfort and safety for occupants. As organizations prioritize cost-efficiency and operational excellence, the demand for facility management applications continues to increase, underscoring their importance in modern building management practices.
“Building twin market in North America region to register highest CAGR between 2024 and 2029”
The building twin market in North America is expected to grow at the highest CAGR during the forecast period. The growth is driven by several factors, such as the region’s adoption of advanced technologies such as IoT, AI, and cloud computing, which are crucial for effective building twin solutions and supported by a robust infrastructure. Regulatory priorities on sustainability and energy efficiency further incentivize the adoption of building twin technologies, enhancing operational efficiency and environmental sustainability in smart buildings. North America’s innovation ecosystem, bolstered by major technology companies, continually advances, building twin capabilities like real-time monitoring and predictive maintenance. This diverse industry landscape, encompassing commercial and industrial, offers ample opportunities for tailored building twin solutions, reinforcing North America’s global leadership in shaping the future of building management practices.
Breakdown of primaries
In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the building twin market space. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
- By Designation: C-level Executives – 30%, Managers – 35%, and Others – 35%
- By Region: North America –40%, Europe– 30%, Asia Pacific – 20%, and Rest of the World – 10%
Key players in the building twin market are Microsoft (US), Siemens (Germany), Amazon (US), Dassault Systèmes (France), Robert Bosch GmbH (Germany), ANSYS, Inc (US), IBM (US), Autodesk Inc. (US), SAP (Germany), Oracle (US), and Bentley Systems, Incorporated (US) and others.
The building twin market has been segmented into offering, application, end user, and region. The building twin market has been studied in North America, Europe, Asia Pacific, and the Rest of the World.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the building twin and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
- Analysis of key drivers (growing focus on cost reduction and reducing environmental impact, enhancing real-time data visualization and streamlining the design process, growing focus on predictive maintenance, and government initiatives for digitization), restraints (high initial investment to implement building twin technology, susceptibility of building twin technology to cyberattacks), opportunities (advancements in AL & ML powered predictions, growing preference towards smart cities), and challenges (complexities associated with integrating a large amount of data and early stage technology and limited awareness).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the building twin market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the building twin market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the building l twin market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Microsoft (US), Siemens (Germany), Amazon (US), Dassault Systèmes (France), Robert Bosch GmbH (Germany), ANSYS, Inc (US), IBM (US), Autodesk Inc. (US), SAP (Germany), Oracle (US), and Bentley Systems, Incorporated (US), among others.
Table of Contents
1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKETS COVERED 23
1.3.2 INCLUSIONS AND EXCLUSIONS 23
1.3.3 YEARS CONSIDERED 24
1.4 CURRENCY CONSIDERED 24
1.5 LIMITATIONS 24
1.6 STAKEHOLDERS 24
1.7 RECESSION IMPACT 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
2.1.1 SECONDARY AND PRIMARY RESEARCH 27
2.1.2 SECONDARY DATA 28
2.1.2.1 List of key secondary sources 29
2.1.2.2 Key data from secondary sources 29
2.1.3 PRIMARY DATA 29
2.1.3.1 Intended participants and key opinion leaders in primary interviews 30
2.1.3.2 Key data from primary sources 30
2.1.3.3 Key industry insights 31
2.1.3.4 Breakdown of primaries 31
2.2 MARKET SIZE ESTIMATION 32
2.2.1 BOTTOM-UP APPROACH 32
2.2.1.1 Approach to estimate market size using bottom-up analysis
(demand side) 32
2.2.2 TOP-DOWN APPROACH 33
2.2.2.1 Approach to estimate market size using top-down analysis
(supply side) 33
2.3 DATA TRIANGULATION 35
2.4 RESEARCH ASSUMPTIONS 36
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON BUILDING TWIN MARKET 36
2.6 RESEARCH LIMITATIONS 37
2.7 RISK ANALYSIS 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 42
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BUILDING TWIN MARKET 42
4.2 BUILDING TWIN MARKET, BY OFFERING 42
4.3 BUILDING TWIN MARKET, BY APPLICATION 43
4.4 BUILDING TWIN MARKET, BY END USER 43
4.5 BUILDING TWIN MARKET, BY COUNTRY 44
5 MARKET OVERVIEW 45
5.1 INTRODUCTION 45
5.2 MARKET DYNAMICS 46
5.2.1 DRIVERS 46
5.2.1.1 Pressing need to mitigate environmental impact 46
5.2.1.2 Rising adoption of improved real-time data visualization tools in building operations 47
5.2.1.3 Rising focus on predictive maintenance to ensure safety and reliability of building operations 47
5.2.1.4 Government-led initiatives to boost digital infrastructure 48
5.2.2 RESTRAINTS 49
5.2.2.1 High cost of establishing building twins 49
5.2.2.2 Susceptibility to cyberattacks 50
5.2.3 OPPORTUNITIES 50
5.2.3.1 Integration of building twin technology with advanced sensors and IoT technologies 50
5.2.3.2 Emergence of AI- and ML-powered building twins 51
5.2.3.3 Growing initiatives to develop smart cities 51
5.2.4 CHALLENGES 52
5.2.4.1 Complexities associated with integrating large amount of data 52
5.2.4.2 Lack of standardization in building twin technology 53
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 53
5.4 PRICING ANALYSIS 54
5.4.1 AVERAGE SELLING PRICE TREND OF BUILDING TWIN SOLUTIONS,
BY KEY PLAYER 54
5.5 VALUE CHAIN ANALYSIS 57
5.6 ECOSYSTEM ANALYSIS 59
5.7 INVESTMENT AND FUNDING SCENARIO 61
5.8 TECHNOLOGY ANALYSIS 61
5.8.1 KEY TECHNOLOGIES 61
5.8.1.1 IoT and IIoT 61
5.8.1.2 Building information modeling 62
5.8.1.3 3D modeling 62
5.8.2 COMPLIMENTARY TECHNOLOGIES 62
5.8.2.1 AI and ML 62
5.8.2.2 AR, VR, and MR 63
5.8.2.3 Cloud computing and edge computing 63
5.8.3 ADJACENT TECHNOLOGIES 63
5.8.3.1 Blockchain 63
5.8.3.2 5G 64
5.9 PATENT ANALYSIS 64
5.10 TRADE ANALYSIS 67
5.10.1 IMPORT DATA (HS CODE 851769) 68
5.10.2 EXPORT DATA (HS CODE 851769) 69
5.11 KEY CONFERENCES AND EVENTS, 2023–2024 70
5.12 CASE STUDY ANALYSIS 71
5.12.1 TEMPLE UNIVERSITY DEVELOPED DIGITAL TWIN ECOSYSTEM WITH AZURE IOT TO OPTIMIZE OPERATIONS 71
5.12.2 AWS PROVIDED JOHN HOLLAND WITH AWS IOT TWINMAKER TO ENHANCE ASSET DEVELOPMENT AND MANAGEMENT 72
5.12.3 UNITY HELPED ORLANDO WITH 3D DIGITAL TWIN FOR URBAN PLANNING THROUGH REAL-TIME VISUALIZATION AND SCENARIO TESTING 73
5.12.4 SINGAPORE LAND AUTHORITY IMPLEMENTED DIGITAL TWIN FOR EFFECTIVE URBAN PLANNING AND TRANSPORTATION MANAGEMENT 74
5.13 REGULATORY LANDSCAPE 74
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
5.13.2 STANDARDS 78
5.14 PORTER’S FIVE FORCES ANALYSIS 80
5.14.1 THREAT OF NEW ENTRANTS 81
5.14.2 THREAT OF SUBSTITUTES 81
5.14.3 BARGAINING POWER OF BUYERS 81
5.14.4 BARGAINING POWER OF SUPPLIERS 82
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 83
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 83
5.15.2 BUYING CRITERIA 84
6 TYPES OF BUILDING TWINS 85
6.1 INTRODUCTION 85
6.2 DESCRIPTIVE TWINS 85
6.3 INFORMATIVE TWINS 86
6.4 PREDICTIVE TWINS 86
6.5 COMPREHENSIVE TWINS 86
6.6 AUTONOMOUS TWINS 87
7 BUILDING TWIN MARKET, BY OFFERING 88
7.1 INTRODUCTION 89
7.2 SOFTWARE SOLUTIONS 90
7.2.1 INTEGRATION OF REAL-TIME SENSOR DATA AND STATIC INFORMATION TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 90
7.2.2 PLATFORM AS A SERVICE (PAAS) 90
7.2.3 SOFTWARE AS A SERVICE (SAAS) 91
7.3 SERVICES 92
7.3.1 INCREASING COMPLEXITIES OF MODERN BUILDING PROJECTS TO BOOST DEMAND 92
8 BUILDING TWIN MARKET, BY APPLICATION 94
8.1 INTRODUCTION 95
8.2 BY APPLICATION 96
8.2.1 FACILITY MANAGEMENT 96
8.2.1.1 Rising trend of smart buildings to boost adoption 96
8.2.2 PREDICTIVE MAINTENANCE 98
8.2.2.1 Ability to monitor equipment performance and detect failures to accelerate demand 98
8.2.3 ENERGY MANAGEMENT 99
8.2.3.1 Integration of renewable energy sources to offer lucrative growth opportunities 99
8.2.4 SAFETY & SECURITY MANAGEMENT 100
8.2.4.1 Increasing need to monitor security breaches to spur demand 100
8.2.5 OTHERS 102
8.3 DESIGN & CONSTRUCTION (QUALITATIVE) 103
9 BUILDING TWIN MARKET, BY END USER 104
9.1 INTRODUCTION 105
9.2 COMMERCIAL 106
9.2.1 OFFICE BUILDINGS 109
9.2.1.1 Increasing demand for virtual tours and interactive maps to drive market 109
9.2.2 RETAIL SPACE 110
9.2.2.1 Rising demand for innovative and data-driven solutions for operational efficiency to accelerate demand 110
9.2.3 HOSPITALITY INDUSTRY 110
9.2.3.1 Growing emphasis on providing personalized guest experiences to spur demand 110
9.2.4 HOSPITALS 111
9.2.4.1 Ability to simulate disaster scenarios for planning effective responses to foster segmental growth 111
9.2.5 EDUCATIONAL INSTITUTIONS 112
9.2.5.1 Increasing demand for optimizing classroom layouts to boost adoption 112
9.2.6 AIRPORT & TRANSPORTATION HUBS 113
9.2.6.1 Rising need to streamline airport operations to enhance passenger experiences to drive market 113
9.3 INDUSTRIAL 114
9.3.1 GROWING NEED TO BOOST PRODUCTIVITY AND LOWER OPERATIONAL COSTS TO DRIVE MARKET 114
10 BUILDING TWIN MARKET, BY REGION 117
10.1 INTRODUCTION 118
10.2 NORTH AMERICA 120
10.2.1 IMPACT OF RECESSION ON BUILDING TWIN MARKET IN NORTH AMERICA 121
10.2.2 US 124
10.2.2.1 Growing adoption of digital technology in infrastructure sector to drive market 124
10.2.3 CANADA 125
10.2.3.1 Increasing adoption of green building practices to spur demand 125
10.2.4 MEXICO 125
10.2.4.1 Government-led initiatives promoting digitalized infrastructure to create lucrative growth opportunities 125
10.3 EUROPE 126
10.3.1 IMPACT OF RECESSION ON BUILDING TWIN MARKET IN EUROPE 126
10.3.2 GERMANY 130
10.3.2.1 Increasing focus on crafting 3D model of nation to foster market growth 130
10.3.3 FRANCE 130
10.3.3.1 Rising emphasis on modernizing industrial sector to drive market 130
10.3.4 UK 131
10.3.4.1 Growing emphasis on establishing 5G network to offer lucrative growth opportunities 131
10.3.5 REST OF EUROPE 131
10.4 ASIA PACIFIC 132
10.4.1 IMPACT OF RECESSION ON BUILDING TWIN MARKET IN ASIA PACIFIC 132
10.4.2 CHINA 136
10.4.2.1 Increasing development of digital twin cities to boost demand 136
10.4.3 JAPAN 136
10.4.3.1 Implementation of digital twin technology to enhance urban planning, disaster management, and customer engagement to drive market 136
10.4.4 INDIA 137
10.4.4.1 Growing application of AI and 5G in infrastructure planning and designing to spur demand 137
10.4.5 SOUTH KOREA 137
10.4.5.1 Rising focus on promoting R&D initiatives for IoT to drive market 137
10.4.6 REST OF ASIA PACIFIC 138
10.5 ROW 138
10.5.1 IMPACT OF RECESSION ON BUILDING TWIN MARKET IN ROW 138
10.5.2 SOUTH AMERICA 141
10.5.2.1 Ongoing development of infrastructure and communication networks to foster market growth 141
10.5.3 MIDDLE EAST 142
10.5.3.1 Growing partnerships among industry vendors and consultants to spur demand 142
10.5.3.2 GCC 142
10.5.3.3 Rest of Middle East 143
10.5.4 AFRICA 143
10.5.4.1 Increasing demand for smart connectivity to boost adoption 143
11 COMPETITIVE LANDSCAPE 144
11.1 OVERVIEW 144
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 144
11.3 REVENUE ANALYSIS, 2019–2023 146
11.4 MARKET SHARE ANALYSIS, 2023 146
11.5 COMPANY VALUATION AND FINANCIAL METRICS 149
11.6 BRAND/PRODUCT COMPARISON 150
11.7 COMPANY EVALUATION MATRIX, 2023 151
11.7.1 STARS 151
11.7.2 EMERGING LEADERS 151
11.7.3 PERVASIVE PLAYERS 151
11.7.4 PARTICIPANTS 151
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 153
11.7.5.1 Company footprint 153
11.7.5.2 Offering footprint 154
11.7.5.3 End user footprint 155
11.7.5.4 Application footprint 156
11.7.5.5 Region footprint 157
11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 158
11.8.1 PROGRESSIVE COMPANIES 158
11.8.2 RESPONSIVE COMPANIES 158
11.8.3 DYNAMIC COMPANIES 158
11.8.4 STARTING BLOCKS 158
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 160
11.8.5.1 Detailed list of key startups/SMEs 160
11.8.5.2 Competitive benchmarking of key startups/SMEs 161
11.9 COMPETITIVE SCENARIO AND TRENDS 161
11.9.1 PRODUCT LAUNCHES 161
11.9.2 DEALS 163
11.9.3 OTHERS 166
12 COMPANY PROFILES 167
12.1 KEY PLAYERS 167
12.1.1 SIEMENS 167
12.1.1.1 Business overview 167
12.1.1.2 Products/Solutions/Services offered 169
12.1.1.3 Recent developments 169
12.1.1.3.1 Product launches/Developments 169
12.1.1.3.2 Deals 170
12.1.1.4 MnM view 170
12.1.1.4.1 Key strengths/Right to win 170
12.1.1.4.2 Strategic choices 171
12.1.1.4.3 Weaknesses/Competitive threats 171
12.1.2 MICROSOFT 172
12.1.2.1 Business overview 172
12.1.2.2 Products/Solutions/Services offered 173
12.1.2.3 Recent developments 174
12.1.2.3.1 Deals 174
12.1.2.4 MnM view 174
12.1.2.4.1 Key strengths/Right to win 174
12.1.2.4.2 Strategic choices 174
12.1.2.4.3 Weaknesses/Competitive threats 175
12.1.3 ROBERT BOSCH GMBH 176
12.1.3.1 Business overview 176
12.1.3.2 Products/Solutions/Services offered 177
12.1.3.3 Recent developments 178
12.1.3.3.1 Product launches/Developments 178
12.1.3.3.2 Deals 178
12.1.3.4 MnM view 179
12.1.3.4.1 Key strengths/Right to win 179
12.1.3.4.2 Strategic choices 179
12.1.3.4.3 Weaknesses/Competitive threats 179
12.1.4 DASSAULT SYSTÈMES 180
12.1.4.1 Business overview 180
12.1.4.2 Products/Solutions/Services offered 181
12.1.4.3 Recent developments 182
12.1.4.3.1 Product launches/Developments 182
12.1.4.3.2 Deals 182
12.1.4.4 MnM view 184
12.1.4.4.1 Key strengths/Right to win 184
12.1.4.4.2 Strategic choices 184
12.1.4.4.3 Weaknesses/Competitive threats 184
12.1.5 AMAZON WEB SERVICES, INC. (AWS) 185
12.1.5.1 Business overview 185
12.1.5.2 Products/Solutions/Services offered 186
12.1.5.3 Recent developments 187
12.1.5.3.1 Product launches/Developments 187
12.1.5.3.2 Deals 187
12.1.5.4 MnM view 188
12.1.5.4.1 Key strengths/Right to win 188
12.1.5.4.2 Strategic choices 188
12.1.5.4.3 Weaknesses/Competitive threats 188
12.1.6 AUTODESK INC. 189
12.1.6.1 Business overview 189
12.1.6.2 Products/Solutions/Services offered 190
12.1.6.3 Recent developments 191
12.1.6.3.1 Product launches/Developments 191
12.1.6.3.2 Deals 191
12.1.7 IBM 192
12.1.7.1 Business overview 192
12.1.7.2 Products/Solutions/Services offered 193
12.1.7.3 Recent developments 194
12.1.7.3.1 Deals 194
12.1.8 ORACLE 195
12.1.8.1 Business overview 195
12.1.8.2 Products/Solutions/Services offered 196
12.1.8.3 Recent developments 197
12.1.8.3.1 Product launches/Developments 197
12.1.8.3.2 Deals 197
12.1.8.3.3 Others 198
12.1.9 ANSYS, INC. 199
12.1.9.1 Business overview 199
12.1.9.2 Products/Solutions/Services offered 200
12.1.9.3 Recent developments 201
12.1.9.3.1 Product launches/Developments 201
12.1.9.3.2 Deals 201
12.1.10 SAP 202
12.1.10.1 Business overview 202
12.1.10.2 Products/Solutions/Services offered 203
12.1.10.3 Recent developments 204
12.1.10.3.1 Deals 204
12.1.11 BENTLEY SYSTEMS, INCORPORATED 205
12.1.11.1 Business overview 205
12.1.11.2 Products/Solutions/Services offered 206
12.1.11.3 Recent developments 207
12.1.11.3.1 Deals 207
12.2 OTHER KEY PLAYERS 208
12.2.1 MATTERPORT INC. 208
12.2.2 TRIMBLE INC. 209
12.2.3 ABB 210
12.2.4 JOHNSON CONTROLS 211
12.2.5 SCHNEIDER ELECTRIC 212
12.2.6 ESRI 213
12.2.7 NAVVIS 214
12.2.8 NOVACENE IOT LTD. 215
12.2.9 APRIORI 215
12.2.10 SOFTWARE AG 216
12.2.11 INTEGRATED ENVIRONMENTAL SOLUTIONS LIMITED 217
12.2.12 TWINSITY GMBH 218
12.2.13 TWINZO 218
12.2.14 CITYZENITH 219
13 ADJACENT AND RELATED MARKETS 220
13.1 INTRODUCTION 220
13.2 DIGITAL TWIN MARKET, BY ENTERPRISE 220
13.3 LARGE ENTERPRISES 222
13.3.1 GROWING DEPLOYMENT OF BLOCKCHAIN TECHNOLOGY IN HEALTHCARE SECTOR TO DRIVE DEMAND 222
13.4 SMALL & MEDIUM ENTERPRISES (SMES) 223
13.4.1 INCREASING DEMAND FOR SUBSCRIPTION-BASED DIGITAL TWIN SERVICES TO BOOST SEGMENTAL GROWTH 223
14 APPENDIX 225
14.1 INSIGHTS FROM INDUSTRY EXPERTS 225
14.2 DISCUSSION GUIDE 225
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 228
14.4 CUSTOMIZATION OPTIONS 230
14.5 RELATED REPORTS 230
14.6 AUTHOR DETAILS 231
LIST OF TABLES
TABLE 1 INDICATIVE PRICING TREND OF BUILDING TWIN PRODUCTS OFFERED
BY KEY PLAYERS, 2019–2023 (USD) 56
TABLE 2 ROLES OF COMPANIES IN BUILDING TWIN MARKET ECOSYSTEM 60
TABLE 3 LIST OF APPLIED/GRANTED PATENTS RELATED TO BUILDING TWINS,
2023–2024 66
TABLE 4 BUILDING TWIN MARKET: LIST OF CONFERENCES AND EVENTS 70
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 8 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 9 GLOBAL STANDARDS RELATED TO BUILDING TWINS 78
TABLE 10 BUILDING TWIN MARKET: PORTER’S FIVE FORCES ANALYSIS 80
TABLE 11 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY END USER (%) 83
TABLE 12 KEY BUYING CRITERIA, BY END USER 84
TABLE 13 BUILDING TWIN MARKET, BY OFFERING, 2020–2023 (USD MILLION) 90
TABLE 14 BUILDING TWIN MARKET, BY OFFERING, 2024–2029 (USD MILLION) 90
TABLE 15 SOFTWARE SOLUTIONS: BUILDING TWIN MARKET, BY END USER,
2020–2023 (USD MILLION) 91
TABLE 16 SOFTWARE SOLUTIONS: BUILDING TWIN MARKET, BY END USER,
2024–2029 (USD MILLION) 91
TABLE 17 SOFTWARE SOLUTIONS: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 92
TABLE 18 SOFTWARE SOLUTIONS: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 92
TABLE 19 SERVICES: BUILDING TWIN MARKET, BY END USER, 2020–2023 (USD MILLION) 93
TABLE 20 SERVICES: BUILDING TWIN MARKET, BY END USER, 2024–2029 (USD MILLION) 93
TABLE 21 SERVICES: BUILDING TWIN MARKET, BY REGION, 2020–2023 (USD MILLION) 93
TABLE 22 SERVICES: BUILDING TWIN MARKET, BY REGION, 2024–2029 (USD MILLION) 93
TABLE 23 BUILDING TWIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 95
TABLE 24 BUILDING TWIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 96
TABLE 25 FACILITY MANAGEMENT: BUILDING TWIN MARKET, BY END USER,
2020–2023 (USD MILLION) 97
TABLE 26 FACILITY MANAGEMENT: BUILDING TWIN MARKET, BY END USER,
2024–2029 (USD MILLION) 97
TABLE 27 FACILITY MANAGEMENT: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 97
TABLE 28 FACILITY MANAGEMENT: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 97
TABLE 29 PREDICTIVE MAINTENANCE: BUILDING TWIN MARKET, BY END USER,
2020–2023 (USD MILLION) 98
TABLE 30 PREDICTIVE MAINTENANCE: BUILDING TWIN MARKET, BY END USER,
2024–2029 (USD MILLION) 98
TABLE 31 PREDICTIVE MAINTENANCE: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 98
TABLE 32 PREDICTIVE MAINTENANCE: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 99
TABLE 33 ENERGY MANAGEMENT: BUILDING TWIN MARKET, BY END USER,
2020–2023 (USD MILLION) 99
TABLE 34 ENERGY MANAGEMENT: BUILDING TWIN MARKET, BY END USER,
2024–2029 (USD MILLION) 100
TABLE 35 ENERGY MANAGEMENT: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 100
TABLE 36 ENERGY MANAGEMENT: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 100
TABLE 37 SAFETY & SECURITY MANAGEMENT: BUILDING TWIN MARKET, BY END USER, 2020–2023 (USD MILLION) 101
TABLE 38 SAFETY & SECURITY MANAGEMENT: BUILDING TWIN MARKET, BY END USER, 2024–2029 (USD MILLION) 101
TABLE 39 SAFETY & SECURITY MANAGEMENT: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 101
TABLE 40 SAFETY & SECURITY MANAGEMENT: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 102
TABLE 41 OTHERS: BUILDING TWIN MARKET, BY END USER, 2020–2023 (USD MILLION) 102
TABLE 42 OTHERS: BUILDING TWIN MARKET, BY END USER, 2024–2029 (USD MILLION) 102
TABLE 43 OTHERS: BUILDING TWIN MARKET, BY REGION, 2020–2023 (USD MILLION) 103
TABLE 44 OTHERS: BUILDING TWIN MARKET, BY REGION, 2024–2029 (USD MILLION) 103
TABLE 45 BUILDING TWIN MARKET, BY END USER, 2020–2023 (USD MILLION) 106
TABLE 46 BUILDING TWIN MARKET, BY END USER, 2024–2029 (USD MILLION) 106
TABLE 47 COMMERCIAL: BUILDING TWIN MARKET, BY END USER,
2020–2023 (USD MILLION) 107
TABLE 48 COMMERCIAL: BUILDING TWIN MARKET, BY END USER,
2024–2029 (USD MILLION) 107
TABLE 49 COMMERCIAL: BUILDING TWIN MARKET, BY OFFERING,
2020–2023 (USD MILLION) 107
TABLE 50 COMMERCIAL: BUILDING TWIN MARKET, BY OFFERING,
2024–2029 (USD MILLION) 107
TABLE 51 COMMERCIAL: BUILDING TWIN MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 108
TABLE 52 COMMERCIAL: BUILDING TWIN MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 108
TABLE 53 COMMERCIAL: BUILDING TWIN MARKET, BY REGION, 2020–2023 (USD MILLION) 108
TABLE 54 COMMERCIAL: BUILDING TWIN MARKET, BY REGION, 2024–2029 (USD MILLION) 109
TABLE 55 OFFICE BUILDINGS: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 109
TABLE 56 OFFICE BUILDINGS: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 109
TABLE 57 RETAIL SPACE: BUILDING TWIN MARKET, BY REGION, 2020–2023 (USD MILLION) 110
TABLE 58 RETAIL SPACE: BUILDING TWIN MARKET, BY REGION, 2024–2029 (USD MILLION) 110
TABLE 59 HOSPITALITY INDUSTRY: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 111
TABLE 60 HOSPITALITY INDUSTRY: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 111
TABLE 61 HOSPITALS: BUILDING TWIN MARKET, BY REGION, 2020–2023 (USD MILLION) 112
TABLE 62 HOSPITALS: BUILDING TWIN MARKET, BY REGION, 2024–2029 (USD MILLION) 112
TABLE 63 EDUCATIONAL INSTITUTIONS: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 113
TABLE 64 EDUCATIONAL INSTITUTIONS: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 113
TABLE 65 AIRPORT & TRANSPORTATION HUBS: BUILDING TWIN MARKET, BY REGION,
2020–2023 (USD MILLION) 114
TABLE 66 AIRPORT & TRANSPORTATION HUBS: BUILDING TWIN MARKET, BY REGION,
2024–2029 (USD MILLION) 114
TABLE 67 INDUSTRIAL: BUILDING TWIN MARKET, BY OFFERING, 2020–2023 (USD MILLION) 115
TABLE 68 INDUSTRIAL: BUILDING TWIN MARKET, BY OFFERING, 2024–2029 (USD MILLION) 115
TABLE 69 INDUSTRIAL: BUILDING TWIN MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 115
TABLE 70 INDUSTRIAL: BUILDING TWIN MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 115
TABLE 71 INDUSTRIAL: BUILDING TWIN MARKET, BY REGION, 2020–2023 (USD MILLION) 116
TABLE 72 INDUSTRIAL: BUILDING TWIN MARKET, BY REGION, 2024–2029 (USD MILLION) 116
TABLE 73 BUILDING TWIN MARKET, BY REGION, 2020–2023 (USD MILLION) 120
TABLE 74 BUILDING TWIN MARKET, BY REGION, 2024–2029 (USD MILLION) 120
TABLE 75 NORTH AMERICA: BUILDING TWIN MARKET, BY COUNTRY,
2020–2023 (USD MILLION) 122
TABLE 76 NORTH AMERICA: BUILDING TWIN MARKET, BY COUNTRY,
2024–2029 (USD MILLION) 122
TABLE 77 NORTH AMERICA: BUILDING TWIN MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 122
TABLE 78 NORTH AMERICA: BUILDING TWIN MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 122
TABLE 79 NORTH AMERICA: BUILDING TWIN MARKET, BY END USER,
2020–2023 (USD MILLION) 123
TABLE 80 NORTH AMERICA: BUILDING TWIN MARKET, BY END USER,
2024–2029 (USD MILLION) 123
TABLE 81 NORTH AMERICA: BUILDING TWIN MARKET FOR COMMERCIAL, BY END USER, 2020–2023 (USD MILLION) 123
TABLE 82 NORTH AMERICA: BUILDING TWIN MARKET FOR COMMERCIAL, BY END USER, 2024–2029 (USD MILLION) 124
TABLE 83 NORTH AMERICA: BUILDING TWIN MARKET, BY OFFERING,
2020–2023 (USD MILLION) 124
TABLE 84 NORTH AMERICA: BUILDING TWIN MARKET, BY OFFERING,
2024–2029 (USD MILLION) 124
TABLE 85 EUROPE: BUILDING TWIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 127
TABLE 86 EUROPE: BUILDING TWIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 128
TABLE 87 EUROPE: BUILDING TWIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 128
TABLE 88 EUROPE: BUILDING TWIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 128
TABLE 89 EUROPE: BUILDING TWIN MARKET, BY END USER, 2020–2023 (USD MILLION) 128
TABLE 90 EUROPE: BUILDING TWIN MARKET, BY END USER, 2024–2029 (USD MILLION) 129
TABLE 91 EUROPE: BUILDING TWIN MARKET FOR COMMERCIAL, BY END USER,
2020–2023 (USD MILLION) 129
TABLE 92 EUROPE: BUILDING TWIN MARKET FOR COMMERCIAL, BY END USER,
2024–2029 (USD MILLION) 129
TABLE 93 EUROPE: BUILDING TWIN MARKET, BY OFFERING, 2020–2023 (USD MILLION) 130
TABLE 94 EUROPE: BUILDING TWIN MARKET, BY OFFERING, 2024–2029 (USD MILLION) 130
TABLE 95 ASIA PACIFIC: BUILDING TWIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 133
TABLE 96 ASIA PACIFIC: BUILDING TWIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 134
TABLE 97 ASIA PACIFIC: BUILDING TWIN MARKET, BY APPLICATION,
2020–2023 (USD MILLION) 134
TABLE 98 ASIA PACIFIC: BUILDING TWIN MARKET, BY APPLICATION,
2024–2029 (USD MILLION) 134
TABLE 99 ASIA PACIFIC: BUILDING TWIN MARKET, BY END USER, 2020–2023 (USD MILLION) 134
TABLE 100 ASIA PACIFIC: BUILDING TWIN MARKET, BY END USER, 2024–2029 (USD MILLION) 135
TABLE 101 ASIA PACIFIC: BUILDING TWIN MARKET FOR COMMERCIAL, BY END USER,
2020–2023 (USD MILLION) 135
TABLE 102 ASIA PACIFIC: BUILDING TWIN MARKET FOR COMMERCIAL, BY END USER,
2024–2029 (USD MILLION) 135
TABLE 103 ASIA PACIFIC: BUILDING TWIN MARKET, BY OFFERING, 2020–2023 (USD MILLION) 136
TABLE 104 ASIA PACIFIC: BUILDING TWIN MARKET, BY OFFERING, 2024–2029 (USD MILLION) 136
TABLE 105 ROW: BUILDING TWIN MARKET, BY REGION, 2020–2023 (USD MILLION) 138
TABLE 106 ROW: BUILDING TWIN MARKET, BY REGION, 2024–2029 (USD MILLION) 139
TABLE 107 ROW: BUILDING TWIN MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 139
TABLE 108 ROW: BUILDING TWIN MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 139
TABLE 109 ROW: BUILDING TWIN MARKET, BY END USER, 2020–2023 (USD MILLION) 139
TABLE 110 ROW: BUILDING TWIN MARKET, BY END USER, 2024–2029 (USD MILLION) 140
TABLE 111 ROW: BUILDING TWIN MARKET FOR COMMERCIAL, BY END USER,
2020–2023 (USD MILLION) 140
TABLE 112 ROW: BUILDING TWIN MARKET FOR COMMERCIAL, BY END USER,
2024–2029 (USD MILLION) 140
TABLE 113 ROW: BUILDING TWIN MARKET, BY OFFERING, 2020–2023 (USD MILLION) 141
TABLE 114 ROW: BUILDING TWIN MARKET, BY OFFERING, 2024–2029 (USD MILLION) 141
TABLE 115 MIDDLE EAST: BUILDING TWIN MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 142
TABLE 116 MIDDLE EAST: BUILDING TWIN MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 142
TABLE 117 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 144
TABLE 118 BUILDING TWIN MARKET: DEGREE OF COMPETITION, 2023 147
TABLE 119 BUILDING TWIN MARKET: RANKING ANALYSIS OF BUILDING
TWIN PLATFORM PROVIDERS, 2023 147
TABLE 120 BUILDING TWIN MARKET: OFFERING FOOTPRINT 154
TABLE 121 BUILDING TWIN MARKET: END USER FOOTPRINT 155
TABLE 122 BUILDING TWIN MARKET: APPLICATION FOOTPRINT 156
TABLE 123 BUILDING TWIN MARKET: REGION FOOTPRINT 157
TABLE 124 BUILDING TWIN MARKET: LIST OF KEY STARTUPS/SMES 160
TABLE 125 BUILDING TWIN MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 161
TABLE 126 BUILDING TWIN MARKET: PRODUCT LAUNCHES, FEBRUARY 2022–APRIL 2024 162
TABLE 127 BUILDING TWIN MARKET: DEALS, FEBRUARY 2022–APRIL 2024 163
TABLE 128 BUILDING TWIN MARKET: OTHERS, FEBRUARY 2022–APRIL 2024 166
TABLE 129 SIEMENS: COMPANY OVERVIEW 167
TABLE 130 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 169
TABLE 131 SIEMENS: PRODUCT LAUNCHES/DEVELOPMENTS 169
TABLE 132 SIEMENS: DEALS 170
TABLE 133 MICROSOFT: COMPANY OVERVIEW 172
TABLE 134 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
TABLE 135 MICROSOFT: DEALS 174
TABLE 136 ROBERT BOSCH GMBH: COMPANY OVERVIEW 176
TABLE 137 ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
TABLE 138 ROBERT BOSCH GMBH: PRODUCT LAUNCHES/DEVELOPMENTS 178
TABLE 139 ROBERT BOSCH GMBH: DEALS 178
TABLE 140 DASSAULT SYSTÈMES: COMPANY OVERVIEW 180
TABLE 141 DASSAULT SYSTÈMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
TABLE 142 DASSAULT SYSTÈMES: PRODUCTS LAUNCHES/DEVELOPMENTS 182
TABLE 143 DASSAULT SYSTÈMES: DEALS 182
TABLE 144 AMAZON WEB SERVICES, INC.: COMPANY OVERVIEW 185
TABLE 145 AMAZON WEB SERVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 186
TABLE 146 AMAZON WEB SERVICES, INC.: PRODUCTS LAUNCHES/DEVELOPMENTS 187
TABLE 147 AMAZON WEB SERVICES, INC.: DEALS 187
TABLE 148 AUTODESK INC.: COMPANY OVERVIEW 189
TABLE 149 AUTODESK INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 150 AUTODESK INC.: PRODUCTS LAUNCHES/DEVELOPMENTS 191
TABLE 151 AUTODESK INC.: DEALS 191
TABLE 152 IBM: COMPANY OVERVIEW 192
TABLE 153 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 193
TABLE 154 IBM: DEALS 194
TABLE 155 ORACLE: COMPANY OVERVIEW 195
TABLE 156 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 196
TABLE 157 ORACLE: PRODUCTS LAUNCHES/DEVELOPMENTS 197
TABLE 158 ORACLE: DEALS 197
TABLE 159 ORACLE: OTHERS 198
TABLE 160 ANSYS, INC.: COMPANY OVERVIEW 199
TABLE 161 ANSYS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
TABLE 162 ANSYS, INC.: PRODUCTS LAUNCHES/DEVELOPMENTS 201
TABLE 163 ANSYS, INC.: DEALS 201
TABLE 164 SAP: COMPANY OVERVIEW 202
TABLE 165 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
TABLE 166 SAP: DEALS 204
TABLE 167 BENTLEY SYSTEMS, INCORPORATED: COMPANY OVERVIEW 205
TABLE 168 BENTLEY SYSTEMS, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206
TABLE 169 BENTLEY SYSTEMS, INCORPORATED: DEALS 207
TABLE 170 MATTERPORT INC.: COMPANY OVERVIEW 208
TABLE 171 TRIMBLE INC.: COMPANY OVERVIEW 209
TABLE 172 ABB: COMPANY OVERVIEW 210
TABLE 173 JOHNSON CONTROLS: COMPANY OVERVIEW 211
TABLE 174 SCHNEIDER ELECTRIC: COMPANY OVERVIEW 212
TABLE 175 ESRI: COMPANY OVERVIEW 213
TABLE 176 NAVVIS: COMPANY OVERVIEW 214
TABLE 177 NOVACENE IOT LTD.: COMPANY OVERVIEW 215
TABLE 178 APRIORI: COMPANY OVERVIEW 215
TABLE 179 SOFTWARE AG: COMPANY OVERVIEW 216
TABLE 180 INTEGRATED ENVIRONMENTAL SOLUTIONS LIMITED: COMPANY OVERVIEW 217
TABLE 181 TWINSITY: COMPANY OVERVIEW 218
TABLE 182 TWINZO: COMPANY OVERVIEW 218
TABLE 183 CITYZENITH: COMPANY OVERVIEW 219
TABLE 184 DIGITAL TWIN MARKET, BY ENTERPRISE, 2019–2022 (USD MILLION) 221
TABLE 185 DIGITAL TWIN MARKET, BY ENTERPRISE, 2023–2028 (USD MILLION) 221
TABLE 186 LARGE ENTERPRISES: DIGITAL TWIN MARKET, BY REGION,
2019–2022 (USD MILLION) 222
TABLE 187 LARGE ENTERPRISES: DIGITAL TWIN MARKET, BY REGION,
2023–2028 (USD MILLION) 223
TABLE 188 SMALL & MEDIUM ENTERPRISES: DIGITAL TWIN MARKET, BY REGION,
2019–2022 (USD MILLION) 224
TABLE 189 SMALL & MEDIUM ENTERPRISES: DIGITAL TWIN MARKET, BY REGION,
2023–2028 (USD MILLION) 224
LIST OF FIGURES
FIGURE 1 BUILDING TWIN MARKET SEGMENTATION AND REGIONAL SCOPE 23
FIGURE 2 BUILDING TWIN MARKET: RESEARCH DESIGN 26
FIGURE 3 BUILDING TWIN MARKET: RESEARCH APPROACH 28
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 33
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 33
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE) REVENUE GENERATED BY PLAYERS IN BUILDING TWIN MARKET 34
FIGURE 7 DATA TRIANGULATION 35
FIGURE 8 SOFTWARE SOLUTIONS TO HOLD LARGER MARKET SHARE IN 2024 39
FIGURE 9 FACILITY MANAGEMENT SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 39
FIGURE 10 COMMERCIAL SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD 40
FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 41
FIGURE 12 INCREASING FOCUS ON PREDICTIVE MAINTENANCE TO FUEL MARKET GROWTH 42
FIGURE 13 SOFTWARE SOLUTIONS SEGMENT TO HOLD LARGER MARKET SHARE IN 2029 42
FIGURE 14 FACILITY MANAGEMENT SEGMENT TO DOMINATE MARKET IN 2029 43
FIGURE 15 COMMERCIAL SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 43
FIGURE 16 CHINA TO RECORD HIGHEST CAGR IN GLOBAL BUILDING TWIN MARKET DURING FORECAST PERIOD 44
FIGURE 17 BUILDING TWIN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 46
FIGURE 18 BUILDING TWIN MARKET: IMPACT ANALYSIS OF DRIVERS 49
FIGURE 19 BUILDING TWIN MARKET: IMPACT ANALYSIS OF RESTRAINTS 50
FIGURE 20 BUILDING TWIN MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 52
FIGURE 21 BUILDING TWIN MARKET: IMPACT ANALYSIS OF CHALLENGES 53
FIGURE 22 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 54
FIGURE 23 INDICATIVE PRICING TREND OF KEY PLAYERS, BY END USER (USD) 55
FIGURE 24 INDICATIVE PRICING TREND OF BUILDING TWIN PRODUCTS OFFERED
BY KEY PLAYERS, 2019–2023 (USD) 55
FIGURE 25 AVERAGE SELLING PRICE TREND OF PRODUCTS/SOLUTIONS, BY REGION,
2019–2023 (USD) 56
FIGURE 26 BUILDING TWIN MARKET: VALUE CHAIN ANALYSIS 57
FIGURE 27 ECOSYSTEM ANALYSIS: BUILDING TWIN MARKET 59
FIGURE 28 INVESTMENT AND FUNDING SCENARIO 61
FIGURE 29 NUMBER OF PATENTS APPLIED AND GRANTED FOR BUILDING TWINS, 2014–2023 65
FIGURE 30 IMPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 68
FIGURE 31 EXPORT DATA FOR HS CODE 851769-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 69
FIGURE 32 BUILDING TWIN MARKET: PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER 83
FIGURE 34 KEY BUYING CRITERIA, BY END USER 84
FIGURE 35 BUILDING TWIN TYPES 85
FIGURE 36 BUILDING TWIN MARKET, BY OFFERING 89
FIGURE 37 SOFTWARE SOLUTIONS SEGMENT TO DOMINATE MARKET IN 2024 89
FIGURE 38 FACILITY MANAGEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET
SHARE IN 2024 95
FIGURE 39 BUILDING TWIN MARKET, BY END USER 105
FIGURE 40 COMMERCIAL SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2024 105
FIGURE 41 BUILDING TWIN MARKET, BY REGION 118
FIGURE 42 CHINA TO REGISTER HIGHEST CAGR IN GLOBAL BUILDING TWIN MARKET DURING FORECAST PERIOD 119
FIGURE 43 NORTH AMERICA TO DOMINATE GLOBAL BUILDING TWIN MARKET IN 2024 119
FIGURE 44 NORTH AMERICA: BUILDING TWIN MARKET SNAPSHOT 121
FIGURE 45 EUROPE: BUILDING TWIN MARKET SNAPSHOT 127
FIGURE 46 ASIA PACIFIC: BUILDING TWIN MARKET SNAPSHOT 133
FIGURE 47 BUILDING TWIN MARKET: REVENUE ANALYSIS OF TOP COMPANIES, 2019–2023 146
FIGURE 48 BUILDING TWIN MARKET SHARE ANALYSIS, 2023 147
FIGURE 49 VALUATION OF KEY PLAYERS, 2023 149
FIGURE 50 FINANCIAL METRICS (EV/EBITDA), 2023 150
FIGURE 51 BRAND/PRODUCT COMPARISON 150
FIGURE 52 BUILDING TWIN MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 152
FIGURE 53 BUILDING TWIN MARKET: COMPANY FOOTPRINT 153
FIGURE 54 BUILDING TWIN MARKET: COMPANY EVALUATION MATRIX
(STARTUPS/SMES), 2023 159
FIGURE 55 SIEMENS: COMPANY SNAPSHOT 168
FIGURE 56 MICROSOFT: COMPANY SNAPSHOT 173
FIGURE 57 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 177
FIGURE 58 DASSAULT SYSTÈMES: COMPANY SNAPSHOT 181
FIGURE 59 AMAZON WEB SERVICES, INC.: COMPANY SNAPSHOT 186
FIGURE 60 AUTODESK INC.: COMPANY SNAPSHOT 190
FIGURE 61 IBM: COMPANY SNAPSHOT 193
FIGURE 62 ORACLE: COMPANY SNAPSHOT 196
FIGURE 63 ANSYS, INC: COMPANY SNAPSHOT 200
FIGURE 64 SAP: COMPANY SNAPSHOT 203
FIGURE 65 BENTLEY SYSTEMS, INCORPORATED: COMPANY SNAPSHOT 206
