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Internet of Things (IoT) Twin-Global Market Insights and Sales Trends 2024
Synopsis
Internet of Things (IoT) Twin is a concept that extends the idea of digital twin to the network of connected devices and systems that make up the IoT. An IoT Twin is a virtual representation of an IoT entity, such as a device, a system, a process, or a service, that can communicate with its physical counterpart and other IoT Twins. An IoT Twin can simulate the current and future state and behavior of its physical counterpart, as well as collect and analyze data from it. An IoT Twin can also provide feedback and control to its physical counterpart and other IoT Twins. An IoT Twin can help optimize the performance, efficiency, and reliability of IoT entities, as well as enable new functionalities and services .
The global Internet of Things (IoT) Twin market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Internet of Things (IoT) Twin in various end use industries. The expanding demands from the Aerospace & Defense, Automotive & Transportation, Machine Manufacturing and Energy & Utilities, are propelling Internet of Things (IoT) Twin market. Parts Type, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the System Type segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Internet of Things (IoT) Twin, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Internet of Things (IoT) Twin market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Internet of Things (IoT) Twin market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Internet of Things (IoT) Twin sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Internet of Things (IoT) Twin covered in this report include General Electric(US), PTC(US), Siemens(Germany), Dassault Systèmes(France), IBM Corporation(US), ANSYS(US), Microsoft Corporation(US) and Oracle Corporation(US), etc.
The global Internet of Things (IoT) Twin market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
General Electric(US)
PTC(US)
Siemens(Germany)
Dassault Systèmes(France)
IBM Corporation(US)
ANSYS(US)
Microsoft Corporation(US)
Oracle Corporation(US)
Global Internet of Things (IoT) Twin market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Internet of Things (IoT) Twin market, Segment by Type:
Parts Type
System Type
Global Internet of Things (IoT) Twin market, by Application
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Internet of Things (IoT) Twin companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Internet of Things (IoT) Twin is a concept that extends the idea of digital twin to the network of connected devices and systems that make up the IoT. An IoT Twin is a virtual representation of an IoT entity, such as a device, a system, a process, or a service, that can communicate with its physical counterpart and other IoT Twins. An IoT Twin can simulate the current and future state and behavior of its physical counterpart, as well as collect and analyze data from it. An IoT Twin can also provide feedback and control to its physical counterpart and other IoT Twins. An IoT Twin can help optimize the performance, efficiency, and reliability of IoT entities, as well as enable new functionalities and services .
The global Internet of Things (IoT) Twin market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Internet of Things (IoT) Twin in various end use industries. The expanding demands from the Aerospace & Defense, Automotive & Transportation, Machine Manufacturing and Energy & Utilities, are propelling Internet of Things (IoT) Twin market. Parts Type, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the System Type segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Internet of Things (IoT) Twin, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Internet of Things (IoT) Twin market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Internet of Things (IoT) Twin market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Internet of Things (IoT) Twin sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Internet of Things (IoT) Twin covered in this report include General Electric(US), PTC(US), Siemens(Germany), Dassault Systèmes(France), IBM Corporation(US), ANSYS(US), Microsoft Corporation(US) and Oracle Corporation(US), etc.
The global Internet of Things (IoT) Twin market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
General Electric(US)
PTC(US)
Siemens(Germany)
Dassault Systèmes(France)
IBM Corporation(US)
ANSYS(US)
Microsoft Corporation(US)
Oracle Corporation(US)
Global Internet of Things (IoT) Twin market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Internet of Things (IoT) Twin market, Segment by Type:
Parts Type
System Type
Global Internet of Things (IoT) Twin market, by Application
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Internet of Things (IoT) Twin companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Internet of Things (IoT) Twin
1.1 Internet of Things (IoT) Twin Market Overview
1.1.1 Internet of Things (IoT) Twin Product Scope
1.1.2 Internet of Things (IoT) Twin Market Status and Outlook
1.2 Global Internet of Things (IoT) Twin Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Internet of Things (IoT) Twin Market Size by Region (2018-2029)
1.4 Global Internet of Things (IoT) Twin Historic Market Size by Region (2018-2023)
1.5 Global Internet of Things (IoT) Twin Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Internet of Things (IoT) Twin Market Size (2018-2029)
1.6.1 North America Internet of Things (IoT) Twin Market Size (2018-2029)
1.6.2 Europe Internet of Things (IoT) Twin Market Size (2018-2029)
1.6.3 Asia-Pacific Internet of Things (IoT) Twin Market Size (2018-2029)
1.6.4 Latin America Internet of Things (IoT) Twin Market Size (2018-2029)
1.6.5 Middle East & Africa Internet of Things (IoT) Twin Market Size (2018-2029)
2 Internet of Things (IoT) Twin Market by Type
2.1 Introduction
2.1.1 Parts Type
2.1.2 System Type
2.2 Global Internet of Things (IoT) Twin Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Internet of Things (IoT) Twin Historic Market Size by Type (2018-2023)
2.2.2 Global Internet of Things (IoT) Twin Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Internet of Things (IoT) Twin Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Internet of Things (IoT) Twin Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Internet of Things (IoT) Twin Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Internet of Things (IoT) Twin Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Internet of Things (IoT) Twin Revenue Breakdown by Type (2018-2029)
3 Internet of Things (IoT) Twin Market Overview by Application
3.1 Introduction
3.1.1 Aerospace & Defense
3.1.2 Automotive & Transportation
3.1.3 Machine Manufacturing
3.1.4 Energy & Utilities
3.1.5 Others
3.2 Global Internet of Things (IoT) Twin Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Internet of Things (IoT) Twin Historic Market Size by Application (2018-2023)
3.2.2 Global Internet of Things (IoT) Twin Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Internet of Things (IoT) Twin Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Internet of Things (IoT) Twin Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Internet of Things (IoT) Twin Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Internet of Things (IoT) Twin Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Internet of Things (IoT) Twin Revenue Breakdown by Application (2018-2029)
4 Internet of Things (IoT) Twin Competition Analysis by Players
4.1 Global Internet of Things (IoT) Twin Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Internet of Things (IoT) Twin as of 2022)
4.3 Date of Key Players Enter into Internet of Things (IoT) Twin Market
4.4 Global Top Players Internet of Things (IoT) Twin Headquarters and Area Served
4.5 Key Players Internet of Things (IoT) Twin Product Solution and Service
4.6 Competitive Status
4.6.1 Internet of Things (IoT) Twin Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 General Electric(US)
5.1.1 General Electric(US) Profile
5.1.2 General Electric(US) Main Business
5.1.3 General Electric(US) Internet of Things (IoT) Twin Products, Services and Solutions
5.1.4 General Electric(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2018-2023)
5.1.5 General Electric(US) Recent Developments
5.2 PTC(US)
5.2.1 PTC(US) Profile
5.2.2 PTC(US) Main Business
5.2.3 PTC(US) Internet of Things (IoT) Twin Products, Services and Solutions
5.2.4 PTC(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2018-2023)
5.2.5 PTC(US) Recent Developments
5.3 Siemens(Germany)
5.3.1 Siemens(Germany) Profile
5.3.2 Siemens(Germany) Main Business
5.3.3 Siemens(Germany) Internet of Things (IoT) Twin Products, Services and Solutions
5.3.4 Siemens(Germany) Internet of Things (IoT) Twin Revenue (US$ Million) & (2018-2023)
5.3.5 Dassault Systèmes(France) Recent Developments
5.4 Dassault Systèmes(France)
5.4.1 Dassault Systèmes(France) Profile
5.4.2 Dassault Systèmes(France) Main Business
5.4.3 Dassault Systèmes(France) Internet of Things (IoT) Twin Products, Services and Solutions
5.4.4 Dassault Systèmes(France) Internet of Things (IoT) Twin Revenue (US$ Million) & (2018-2023)
5.4.5 Dassault Systèmes(France) Recent Developments
5.5 IBM Corporation(US)
5.5.1 IBM Corporation(US) Profile
5.5.2 IBM Corporation(US) Main Business
5.5.3 IBM Corporation(US) Internet of Things (IoT) Twin Products, Services and Solutions
5.5.4 IBM Corporation(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2018-2023)
5.5.5 IBM Corporation(US) Recent Developments
5.6 ANSYS(US)
5.6.1 ANSYS(US) Profile
5.6.2 ANSYS(US) Main Business
5.6.3 ANSYS(US) Internet of Things (IoT) Twin Products, Services and Solutions
5.6.4 ANSYS(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2018-2023)
5.6.5 ANSYS(US) Recent Developments
5.7 Microsoft Corporation(US)
5.7.1 Microsoft Corporation(US) Profile
5.7.2 Microsoft Corporation(US) Main Business
5.7.3 Microsoft Corporation(US) Internet of Things (IoT) Twin Products, Services and Solutions
5.7.4 Microsoft Corporation(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2018-2023)
5.7.5 Microsoft Corporation(US) Recent Developments
5.8 Oracle Corporation(US)
5.8.1 Oracle Corporation(US) Profile
5.8.2 Oracle Corporation(US) Main Business
5.8.3 Oracle Corporation(US) Internet of Things (IoT) Twin Products, Services and Solutions
5.8.4 Oracle Corporation(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2018-2023)
5.8.5 Oracle Corporation(US) Recent Developments
6 North America
6.1 North America Internet of Things (IoT) Twin Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Internet of Things (IoT) Twin Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Internet of Things (IoT) Twin Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Internet of Things (IoT) Twin Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Internet of Things (IoT) Twin Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Internet of Things (IoT) Twin Market Dynamics
11.1 Internet of Things (IoT) Twin Industry Trends
11.2 Internet of Things (IoT) Twin Market Drivers
11.3 Internet of Things (IoT) Twin Market Challenges
11.4 Internet of Things (IoT) Twin Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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