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Global Digital Twins Market to Reach US$35.5 Billion by the Year 2026

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New York, Jan. 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Digital Twins Industry” – https://www.reportlinker.com/p05956605/?utm_source=GNW
The technology is gaining significant attention due to its ability to expedite product development and support innovations. The market would be primarily driven by the growing applications of digital twin technology in the pharmaceutical and healthcare industries spurred by the recent COVID-19 pandemic, the increasing use of digital twins for enabling predictive maintenance, and the accelerated adoption of digital twin solutions for addressing the challenges associated with the pandemic. Digital twin technology has been witnessing notable progress in its capabilities owing to support from emerging technologies, including artificial intelligence (AI), big data, the Internet of Things (IoT) and computing power. The technology is gaining from machine learning that enables the use of data to simulate and predict future conditions and performance of assets. The increasing adoption of digital twins in the energy industry is expected to expedite transition towards renewable energy and pave way for net-zero emissions. The technology presents significant opportunities for companies in the healthcare and life sciences domains to improve efficiency and gain an edge over competitors.

Amid the COVID-19 crisis, the global market for Digital Twins estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$35.5 Billion by 2026, growing at a CAGR of 36.9% over the analysis period. System, one of the segments analyzed in the report, is projected to grow at a 36.4% CAGR to reach US$23 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Product segment is readjusted to a revised 38.9% CAGR for the next 7-year period. This segment currently accounts for a 31.7% share of the global Digital Twins market. Digital twins are expected to transform product development, supply chains and manufacturing. Manufacturing organizations have been leveraging DTs technology to speed-up digital transformation efforts for product development.

The U.S. Market is Estimated at $2.6 Billion in 2021, While China is Forecast to Reach $6.5 Billion by 2026

The Digital Twins market in the U.S. is estimated at US$2.6 Billion in the year 2020. The country currently accounts for a 39.6% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$6.5 Billion in the year 2026 trailing a CAGR of 51.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 30.9% and 37.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 32.3% CAGR while Rest of European market (as defined in the study) will reach US$3.8 Billion by the end of the analysis period. North America represents the largest regional market for digital twins, attributed to a significant economic growth, massive investments in research and development activities, presence of a large number of digital twin vendors, and significant developments and early adoption of advanced digital technologies, including digital twin, 3D printing, edge analytics, and smart sensors, in the region. Growth in Asia-Pacific region is attributed to the dense population, rising per capita income with large-scale urbanization and industrialization, and growing adoption of IoT technology, primarily in countries, such as China, India, South Korea, and Japan.

Process Segment to Reach $5.6 Billion by 2026

In the global Process segment, USA, Canada, Japan, China and Europe will drive the 35% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$778.5 Million in the year 2020 will reach a projected size of US$6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$607.2 Million by the year 2026.

Select Competitors (Total 208 Featured)

  • ABB Ltd.
  • Accenture plc
  • ANSYS, Inc.
  • AT&T Inc.
  • AVEVA Group plc
  • Bentley Systems, Incorporated
  • Bosch.IO GmbH
  • Cal-Tek Srl
  • Capgemini SE
  • Cityzenith
  • Dassault Systèmes SE
  • General Electric (GE Digital)
  • Hexagon AB
  • Honeywell International Inc.
  • IBM Corporation
  • Lanner Group Limited
  • Mevea Ltd.
  • Microsoft Corporation
  • Oracle
  • PTC Inc.
  • Rescale, Inc.
  • Rockwell Automation, Inc.
  • SAP SE
  • Siemens AG
  • TIBCO Software Inc.
  • XenonStack

Read the full report: https://www.reportlinker.com/p05956605/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy in 2021
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual %
Change) for 2020 through 2022
Intriguing Opportunities Ahead for Digital Twin Technology
How Digital Twin Technology Can Help Businesses to Gain a
Competitive Edge
Digital Twin Technology Trends Big in Built Environment amid
COVID-19
Digital Twin Technology: A Prelude
Interoperabilty: Critical to Widespread Use of the Technology
DTs Aid in Smart Innovation and Help Achieve Sustainability
Outlook
Recent Industry Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Digital Twins Emerge as an Important Technology for Digital
Transformation
EXHIBIT 2: Digital Transformation by Industry: 2020
EXHIBIT 3: Benefits of Adopting Digital Transformation
EXHIBIT 4: Global Digital Transformation Growth (In %)
Digital Twins: Adding New Dimensions to Product Lifecycle
Management
Digital Twins: A Key Trend in Industry 4.0
Review of Key Application Areas
EXHIBIT 5: Global Investments in Industrial IoT (IIoT)
Platforms (In US$ Million) for the Years 2018, 2022 and 2025
COVID-19 Impact on Industry 4.0
Outlook
Digital Twin Technology Playing an Important Role in Predictive
Maintenance
EXHIBIT 6: With Manufacturing Competitiveness Increasing by the
Day, PdM is the Right Step Forward Towards to Higher Value,
Smart Manufacturing: Global Manufacturing Competitiveness
Index (10-100 Index Score) by Country for the Year 2020
The Age of Analytics Made More Important by COVID-19 Provides
the Cornerstone for the Disruptive Growth of Predictive
Maintenance
Industry 4.0 Pushes Up the Effectiveness of Predictive Maintenance
EXHIBIT 7: Market to Witness Unconventional Growth as
Effectiveness of Predictive Analytics in Predicting Failure &
Maintenance Event Improves on the Back of IIoT: Global
Breakdown of Investments in Manufacturing IoT (in US$
Billion) for the Years 2020, 2022, 2024, and 2026
Significant Role of Digital Twins in Helping Organizations
Embrace Manufacturing Automation
EXHIBIT 8: The Growing Momentum Towards Manufacturing
Automation to Encourage New Pathways to Automating Machine
Maintenance: Global Manufacturing Automation Market Reset &
Trajectory – Growth Outlook (In %) For Years 2019 Through
2025
Surge in Adoption of 3D Printing Technology in Manufacturing
Industry
Artificial Intelligence Remains Integral Component of Digital
Twin Technology
Emphasis on Reducing Project Costs to Drive Uptake of Digital
Twin Technology
Focus on Building Crisis Resilient Smart Cities to Drive Demand
for Smart City Digital Twin
EXHIBIT 9: Global Smart City Spending (In US$ Billion) for the
Years 2021, 2024 & 2027
Growing Role Digital Twin Technology in Curbing Carbon Emissions
EXHIBIT 10: Global Greenhouse Emissions by Sector: 2020
EXHIBIT 11: Carbon Footprint Forecasts for Buildings (In
Billion Metric Tons) for Years 2020, 2025, 2030, 2035, 20240,
2045 & 2050
EXHIBIT 12: Global CO2 Emissions in Billion Metric Tons of CO2
Per Year
Digital Twins Present a Powerful Tool to Simulate & Optimize
Retail Supply Chain
Navigating COVID-19 Disruptions with Digital Twins
Increasing Use of Digital Twins in Automotive Industry
Vehicle Electrification Steps up with Digital Twin Technology
EXHIBIT 13: Global Electric Vehicle Sales in 000 Units: 2019-2025
Digital Twin Technology to Expedite 5G Implementation
EXHIBIT 14: Number of 5G Connections Worldwide: 2020-2025
EXHIBIT 15: Global Mobile Connections by Network Type (in %)
for 2019 and 2025
EXHIBIT 16: Global Number of 5G Capex Spending (2018-2022)
(in US$ Billion)
Agriculture Industry Accelerates Advanced Technologies Adoption
EXHIBIT 17: Global Smart Agriculture Market Worldwide (In US$
Billion) for the Years 2020, 2022, 2024 & 2026
Aerospace Industry to Take Off with Transformative Potential of
Digital Twins
Digital Twins for Modeling of Real-Life Systems
Impact of COVID-19 on Aerospace Industry
EXHIBIT 18: COVID-19 Pandemic Dents Airline Revenues:
Commercial Airline Revenue Growth (in %) for 2010-2020
Staged Recovery over Long-Term to Benefit Demand
EXHIBIT 19: Global Aircraft Deliveries by Region: 2021-2040
Specter of Far-Reaching Digital Twin-Related Implications for
Life Sciences Arena
Cognitive Computing Enhances Capabilities of Digital Twin
Technology
The Current State of Digital Twin Adoption in Civil
Infrastructure Sector
Significant Role of DT in the Energy and Utility Sector
EXHIBIT 20: Global Market for Smart Grids in US$ Billion) for
the Years 2018 and 2020
Steep Rise Healthcare Spending to Augment Adoption of digital
Twins
EXHIBIT 21: World Healthcare Expenditure (In US$ Billion) for
the Years 2017-2023
Digital Twins Set to Go Mainstream in Real-Estate Sector

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Digital Twins by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 2: World 7-Year Perspective for Digital Twins by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets for Years 2021 & 2027

Table 3: World Current & Future Analysis for System by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 4: World 7-Year Perspective for System by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 5: World Current & Future Analysis for Product by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 6: World 7-Year Perspective for Product by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 7: World Current & Future Analysis for Process by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 8: World 7-Year Perspective for Process by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2021 & 2027

Table 9: World Current & Future Analysis for Residential &
Commercial by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 10: World 7-Year Perspective for Residential & Commercial
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 11: World Current & Future Analysis for Manufacturing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 12: World 7-Year Perspective for Manufacturing by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 13: World Current & Future Analysis for Automotive &
Transport by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 14: World 7-Year Perspective for Automotive & Transport
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 15: World Current & Future Analysis for Energy &
Utilities by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 16: World 7-Year Perspective for Energy & Utilities by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 17: World Current & Future Analysis for Agriculture by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 18: World 7-Year Perspective for Agriculture by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

Table 19: World Current & Future Analysis for Healthcare & Life
Sciences by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 20: World 7-Year Perspective for Healthcare & Life
Sciences by Geographic Region – Percentage Breakdown of Value
Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific
and Rest of World for Years 2021 & 2027

Table 21: World Current & Future Analysis for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Million for Years 2020 through 2027
and % CAGR

Table 22: World 7-Year Perspective for Other End-Uses by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 23: USA Current & Future Analysis for Digital Twins by
Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 24: USA 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product and
Process for the Years 2021 & 2027

Table 25: USA Current & Future Analysis for Digital Twins by
End-Use – Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 26: USA 7-Year Perspective for Digital Twins by End-Use –
Percentage Breakdown of Value Revenues for Residential &
Commercial, Manufacturing, Automotive & Transport, Energy &
Utilities, Agriculture, Healthcare & Life Sciences and Other
End-Uses for the Years 2021 & 2027

CANADA
Table 27: Canada Current & Future Analysis for Digital Twins by
Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 28: Canada 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product and
Process for the Years 2021 & 2027

Table 29: Canada Current & Future Analysis for Digital Twins by
End-Use – Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 30: Canada 7-Year Perspective for Digital Twins by
End-Use – Percentage Breakdown of Value Revenues for
Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses for the Years 2021 & 2027

JAPAN
Table 31: Japan Current & Future Analysis for Digital Twins by
Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 32: Japan 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product and
Process for the Years 2021 & 2027

Table 33: Japan Current & Future Analysis for Digital Twins by
End-Use – Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 34: Japan 7-Year Perspective for Digital Twins by End-Use –
Percentage Breakdown of Value Revenues for Residential &
Commercial, Manufacturing, Automotive & Transport, Energy &
Utilities, Agriculture, Healthcare & Life Sciences and Other
End-Uses for the Years 2021 & 2027

CHINA
Table 35: China Current & Future Analysis for Digital Twins by
Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 36: China 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product and
Process for the Years 2021 & 2027

Table 37: China Current & Future Analysis for Digital Twins by
End-Use – Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 38: China 7-Year Perspective for Digital Twins by End-Use –
Percentage Breakdown of Value Revenues for Residential &
Commercial, Manufacturing, Automotive & Transport, Energy &
Utilities, Agriculture, Healthcare & Life Sciences and Other
End-Uses for the Years 2021 & 2027

EUROPE
Table 39: Europe Current & Future Analysis for Digital Twins by
Geographic Region – France, Germany, Italy, UK and Rest of
Europe Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 40: Europe 7-Year Perspective for Digital Twins by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK and Rest of Europe Markets for Years
2021 & 2027

Table 41: Europe Current & Future Analysis for Digital Twins by
Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 42: Europe 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product and
Process for the Years 2021 & 2027

Table 43: Europe Current & Future Analysis for Digital Twins by
End-Use – Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 44: Europe 7-Year Perspective for Digital Twins by
End-Use – Percentage Breakdown of Value Revenues for
Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses for the Years 2021 & 2027

FRANCE
Table 45: France Current & Future Analysis for Digital Twins by
Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 46: France 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product and
Process for the Years 2021 & 2027

Table 47: France Current & Future Analysis for Digital Twins by
End-Use – Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 48: France 7-Year Perspective for Digital Twins by
End-Use – Percentage Breakdown of Value Revenues for
Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses for the Years 2021 & 2027

GERMANY
Table 49: Germany Current & Future Analysis for Digital Twins
by Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 50: Germany 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product
and Process for the Years 2021 & 2027

Table 51: Germany Current & Future Analysis for Digital Twins
by End-Use – Residential & Commercial, Manufacturing,
Automotive & Transport, Energy & Utilities, Agriculture,
Healthcare & Life Sciences and Other End-Uses – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 52: Germany 7-Year Perspective for Digital Twins by
End-Use – Percentage Breakdown of Value Revenues for
Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses for the Years 2021 & 2027

ITALY
Table 53: Italy Current & Future Analysis for Digital Twins by
Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 54: Italy 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product and
Process for the Years 2021 & 2027

Table 55: Italy Current & Future Analysis for Digital Twins by
End-Use – Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 56: Italy 7-Year Perspective for Digital Twins by End-Use –
Percentage Breakdown of Value Revenues for Residential &
Commercial, Manufacturing, Automotive & Transport, Energy &
Utilities, Agriculture, Healthcare & Life Sciences and Other
End-Uses for the Years 2021 & 2027

UNITED KINGDOM
Table 57: UK Current & Future Analysis for Digital Twins by
Type – System, Product and Process – Independent Analysis of
Annual Revenues in US$ Million for the Years 2020 through 2027
and % CAGR

Table 58: UK 7-Year Perspective for Digital Twins by Type –
Percentage Breakdown of Value Revenues for System, Product and
Process for the Years 2021 & 2027

Table 59: UK Current & Future Analysis for Digital Twins by
End-Use – Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses – Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 60: UK 7-Year Perspective for Digital Twins by End-Use –
Percentage Breakdown of Value Revenues for Residential &
Commercial, Manufacturing, Automotive & Transport, Energy &
Utilities, Agriculture, Healthcare & Life Sciences and Other
End-Uses for the Years 2021 & 2027

REST OF EUROPE
Table 61: Rest of Europe Current & Future Analysis for Digital
Twins by Type – System, Product and Process – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 62: Rest of Europe 7-Year Perspective for Digital Twins
by Type – Percentage Breakdown of Value Revenues for System,
Product and Process for the Years 2021 & 2027

Table 63: Rest of Europe Current & Future Analysis for Digital
Twins by End-Use – Residential & Commercial, Manufacturing,
Automotive & Transport, Energy & Utilities, Agriculture,
Healthcare & Life Sciences and Other End-Uses – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 64: Rest of Europe 7-Year Perspective for Digital Twins
by End-Use – Percentage Breakdown of Value Revenues for
Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses for the Years 2021 & 2027

ASIA-PACIFIC
Table 65: Asia-Pacific Current & Future Analysis for Digital
Twins by Type – System, Product and Process – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 66: Asia-Pacific 7-Year Perspective for Digital Twins by
Type – Percentage Breakdown of Value Revenues for System,
Product and Process for the Years 2021 & 2027

Table 67: Asia-Pacific Current & Future Analysis for Digital
Twins by End-Use – Residential & Commercial, Manufacturing,
Automotive & Transport, Energy & Utilities, Agriculture,
Healthcare & Life Sciences and Other End-Uses – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 68: Asia-Pacific 7-Year Perspective for Digital Twins by
End-Use – Percentage Breakdown of Value Revenues for
Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses for the Years 2021 & 2027

REST OF WORLD
Table 69: Rest of World Current & Future Analysis for Digital
Twins by Type – System, Product and Process – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 70: Rest of World 7-Year Perspective for Digital Twins by
Type – Percentage Breakdown of Value Revenues for System,
Product and Process for the Years 2021 & 2027

Table 71: Rest of World Current & Future Analysis for Digital
Twins by End-Use – Residential & Commercial, Manufacturing,
Automotive & Transport, Energy & Utilities, Agriculture,
Healthcare & Life Sciences and Other End-Uses – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 72: Rest of World 7-Year Perspective for Digital Twins by
End-Use – Percentage Breakdown of Value Revenues for
Residential & Commercial, Manufacturing, Automotive &
Transport, Energy & Utilities, Agriculture, Healthcare & Life
Sciences and Other End-Uses for the Years 2021 & 2027

IV. COMPETITION
Total Companies Profiled: 208
Read the full report: https://www.reportlinker.com/p05956605/?utm_source=GNW

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Artificial Intelligence

Titans of Tech: GP Bullhound releases its annual report on the European tech ecosystem

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titans-of-tech:-gp-bullhound-releases-its-annual-report-on-the-european-tech-ecosystem

LONDON, May 24, 2024 /PRNewswire/ — Titans of Tech:  Unrivalled era of A.I. led innovation for European Tech –  No more excuses. GP Bullhound is proud to announce the release of its Titans of Tech 2024 report. For the tenth year in a row, GP Bullhound has released its annual Titans of Tech report, highlighting and analysing the growth trends in Europe’s tech ecosystem. This comprehensive analysis underscores the resilience and growth of Europe’s tech sector, setting the stage for a new era of innovation and investment.

Key takeaways from our report include:
The funding frenzy is over, but the new normal is very healthy: Funding levels have normalised, averaging €15Bn per quarter over the last year, which is ~50% higher than 2019.The value of the ecosystem is growing despite the failures: 14 new unicorns were created in the last 12 months. Europe and Israel now have 323 unicorns, up from 311 a year ago and 283 the year before. The ecosystem’s total valuation has grown to $1.2Tr, an ~11x increase in billion-dollar companies and a ~14x increase in aggregate valuation since our first report in 2014.Megarounds are fewer but larger and still accessible: Access to capital rounds exceeding $50 million has tightened, but investors remain interested in supporting innovators. The deal count dropped 68% over the last two years due to a focus on profitability and conservative planning. Only 17% of European unicorns raised capital in 2023, as 93% had already raised funds during the 2021-2022 bull market.Software innovation continues, shaping the way we live and work: Despite funding challenges, technological developments, especially in artificial intelligence, continue to drive automation and cost savings. European AI companies received over €11Bn in funding in the last year, with 36% of new unicorns being AI/ML businesses.Category leaders and geographies: This year, the UK and France lead the startup arena with three unicorns each. The UK’s unicorns are valued at $3.4Bn, with significant contributions from AI leaders Synthesia and Builder.ai. France’s trio reaches a collective valuation of $7Bn, highlighted by innovators like Mistral AI. Germany, Israel, and the Netherlands each added two unicorns, while Sweden and Italy added one unicorn each.Europe’s most promising startups: GP Bullhound has analysed more than 100 European startups for scale, velocity, and sentiment, and ranked the top 50 companies with the most potential to become one-billion-dollar companies. The top 10 include Agicap, Brevo, Typeform, Homa, AMBOSS, Akeneo, Form3, Flo Health, Aidoc, and ConnexOne.Manish Madhvani, Managing Partner at GP Bullhound, said: “After ten years of issuing our Titans of Tech report, we have witnessed the highs and lows of the European tech ecosystem. A year ago, the situation was less encouraging for the fundraising environment, with macro uncertainty and with businesses more focused on layoffs than on growth and innovation.
Today, against the backdrop of negative headlines, we have cemented the building blocks for the next wave of innovation. Funding levels have stabilised, and are amazingly 50% higher than pre bull market levels. With Europe’s maturing base of engineering talent and the world’s fascination in its potential productivity gains, artificial intelligence offers a unique opportunity to create global leaders in record time. There is no shortage of funding for the best entrepreneurs and companies, as evidenced by the record $220m seed round for Paris based H announced this week. What was noticeable about the round was the range of the investor syndicate : from strategics such as Amazon, Samsung and UI Path, household names such as Bernard Arnault, Eric Schmidt and Xavier Niel, and leading VC’s.Looking ahead, we expect the next few years to represent an era of unprecedented innovation in the European ecosystem. Innovation is flowing, vast amounts of capital are available for the strong and the talent pool is expanding. No more excuses Europe!”
Expert interviewsWhat does it take to build a billion-dollar company? What are the critical success factors for European tech? How to remain resilient in a challenging market and benefit from economic downturns? This year’s report features expert views from leading founders and CEOs, including Synthesia, Quantexa, SEON, Flo Health, Zappi and CoverManager.
Download full report: www.gpbullhound.com/articles/titans-of-tech-2024
EnquiriesFor enquiries, please contact: [email protected]
About GP BullhoundGP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 12 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com.
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Bybit Web3 Announces Upcoming IDO for Aperture Finance, Simplifying Web3 Finance

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DUBAI, UAE, May 24, 2024 /PRNewswire/ — Bybit Web3, the Web3 division of Bybit – one of the top three global crypto exchanges by trading volume, today announced an upcoming Initial DEX Offering (IDO) for Aperture Finance ($APTR) on its Web3 platform.

“Bybit Web3 is thrilled to be partnering with Aperture Finance to bring their innovative IDO to our platform,” said Emily Bao, Bybit Web3 Evangelist. “Aperture Finance’s AI-powered solutions have the potential to revolutionize DeFi by simplifying complex transactions and making Web3 finance more accessible to a wider audience. We believe this IDO will be a great opportunity for our users to get involved in this groundbreaking project early on.”
Aperture Finance: Simplifying the complexities of Web3 finance
Aperture Finance is a pioneer in AI-powered intents. Featuring an IntentsGPT interface and an AI-driven smart solver simulation, Aperture’s solver network significantly reduces barriers for DeFi users and enhances transaction efficiency.
IDO Details
IDO Subscription Period: May 24, 2024, 10AM UTC to May 28, 2024, 10AM UTCSnap Period: May 28, 2024, 10AM UTC to May 31, 2024, 10AM UTCReveal and Purchase Period: May 31, 2024, 10:15AM UTC to June 1, 2024, 10AM UTCListing Date: May 31, 2024, 10AM UTCToken Details
Token: APTRTotal Supply: 1,000,000,000Total Allocated to Bybit IDO: 6,666,667 APTREligibility Requirements
Users must hold a Bybit Wallet with a minimum balance of 300 USDT (Arbitrum Chain) throughout the Snapshot Period to participate in the IDO.Three (3) snapshots will be taken daily during the Snapshot Period.Maximum number of winners: 3,000For detailed information on the IDO process and eligibility requirements, please visit the Bybit Web3 page: https://www.bybit.com/en/web3/ido
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 1 million wallet users, over 10 major ecosystem partners, and counting. 
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 30 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit, please visit Bybit Web3.
About Bybit
Bybit is one of the world’s top three crypto exchanges by trading volume with 30 million users. Established in 2018, it offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.For media inquiries, please contact: [email protected] more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Northern Data Group’s Peak Mining, announces purchase of a second 300MW data center location in Corpus Christi, Texas

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The location expands on an adjacent 300MW site, purchased in December 2023 The site comes with an ERCOT-approved interconnect of 300MWConstruction already underway, with long-lead time items secured and energization scheduled for early 2025FRANKFURT, May 24, 2024 /PRNewswire/ — Peak Mining, part of the Northern Data Group, announces the purchase of a second 300MW ERCOT-approved site in Corpus Christi, Texas. The location is adjacent to the 300MW mining facility that is already under construction. The site also provides energy in the attractive low-cost power zone of Load Zone South of the ERCOT grid, known for its abundance of renewable (wind) energy.

The investment represents a significant step forward in Northern Data Group’s investment strategy, cementing expansion plans well beyond the current 2024 financial year.
The new site enables Peak Mining to accelerate its expansion plans to become one of the largest bitcoin miners globally. The company will be deploying indoor, custom-designed, fully-integrated and liquid-cooled HPC data center systems to drastically improve deployment time and infrastructure cost, bringing Peak Mining to a leading position in the industry and preparing it for the future of HPC compute.
Saxet Infrastructure Group (“Saxet”) will act as construction manager for the design, build and energization of the substation. The Saxet team brings a strong track record of project management and deep expertise with the construction of HPC infrastructure.
Niek Beudeker, Managing Director, Peak Mining, commented: “The purchase of this second large site will significantly shorten our time to hashing and kick off one of the fastest mining expansions globally. We now have almost 700MW of sites in active development, that when fully fitted with our latest-generation hardware, could potentially provide up to 40EH of hash rate.”
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:”This second data center location demonstrates how Northern Data Group is able to harness the power and opportunity of HPC. Sustainability has been at the core of this further expansion into the US and thanks to the center’s ERCOT approved status, we will be able to scale our operations at speed, as the demand for digital assets continues to grow.”
Steven Quisenberry, Chief Executive Officer at Saxet Infrastructure Group, commented: We are excited to support Northern Data Group’s expansion in the ERCOT market and specifically to welcome them to the Corpus Christi area. The combination of base load industrial demand and significant renewable resources creates a unique opportunity for their portfolio. This is a terrific example of one of the largest, most advanced liquid cooled data centers in North America and we are proud to partner with Northern Data Group to bring their data center online.
Northern Data Group was advised on the transaction by Katten Muchin Rosenman LLP (Legal Counsel) and BitOoda Technologies LLC.
About Peak MiningPeak Mining, part of the Northern Data Group, is powering the future of the blockchain network.  We deliver industry-leading operating and energy efficiency in bitcoin mining through the latest hardware alongside innovative technology and infrastructure. With our mining heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to power the mining network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.
About Northern Data GroupNorthern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions to businesses and research institutions, utilizing GPU- and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business divisons: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.  

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