Published: 21 May 2024
While simulation digital twins will represent a $379 billion opportunity by 2034, they are complex, costly and nontransferable across providers. Product leaders must educate stakeholders, improve technology capabilities and build ecosystems to drive revenue with associated technologies.
The market for simulation digital twin (SDT)-enabling software and services is expected to reach a global revenue of $379 billion by 2034, up from $35 billion in 2024. While simulation digital twins of things are the most widely known, simulation digital twins of composite processes show the strongest growth due to the increased business value.
Simulation digital twins of composite processes frequently combine analytics and AI, alongside diverse inputs and elements from multiple enabling technologies, making implementations costly, adopter-specific, and not easily transferable across vendors.
No enterprise is currently buying any form of SDTs, whether that be a simulation digital
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