Global Digital Twins as a Service (DTaaS) Market Research Report 2025

Publication ID:

PB502255775

Publication Date:

February 10, 2025

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

IT Services [2]

Computing & Electronics [3]

Description:

The global market for Digital Twins as a Service (DTaaS) was valued at US$ 415 million in the year 2024 and is projected to reach a revised size of US$ 726 million by 2031, growing at a CAGR of 8.6% during the forecast period.
Digital Twins as a Service (DTaaS) is an emerging trend where third-party providers offer digital twin solutions as a service. DTaaS eliminates the need for organizations to build and maintain their own digital twin infrastructure, reducing upfront costs and technical complexities. These providers offer pre-built digital twin templates or platforms that can be customized to specific industry needs, allowing organizations to quickly adopt and benefit from digital twin technology. DTaaS offerings typically include data integration, analytics capabilities, visualization tools, and scalability options. By leveraging DTaaS, organizations can access the benefits of digital twins without the need for extensive in-house resources or expertise. This trend is particularly beneficial for small and medium-sized businesses that may have limited resources or expertise to build and manage their own digital twin infrastructure. Additionally, DTaaS allows organizations to focus on their core competencies while relying on specialized providers to handle the technical aspects of implementing and maintaining digital twin solutions.PTC Inc. launched an innovative DTaS solution tailored for manufacturing companies. This new offering incorporated advanced simulation and modeling capabilities, empowering manufacturers to optimize production processes and improve operational efficiency.In November 2023, Microsoft acquired a startup specializing in digital twin technology. This acquisition reinforced Microsoft鈥檚 commitment to providing comprehensive DTaS solutions on its Azure cloud platform, catering to diverse industry verticals.
North American market for Digital Twins as a Service (DTaaS) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Digital Twins as a Service (DTaaS) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Digital Twins as a Service (DTaaS) in Transportation is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Digital Twins as a Service (DTaaS) include General Electric (GE) Company, PTC Inc, Siemens AG, IBM Corporation, Microsoft Corporation, ANSYS, Dassault Syst猫mes, Oracle Corporation, HPE, Terawe, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Digital Twins as a Service (DTaaS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Twins as a Service (DTaaS).
The Digital Twins as a Service (DTaaS) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Digital Twins as a Service (DTaaS) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Digital Twins as a Service (DTaaS) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
General Electric (GE) Company
PTC Inc
Siemens AG
IBM Corporation
Microsoft Corporation
ANSYS
Dassault Syst猫mes
Oracle Corporation
HPE
Terawe
Segment by Type
Cloud-based
Edge Computing
Hybrid Model
Segment by Application
Transportation
Medical
Manufacturing
Defense
Municipal and infrastructure
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Digital Twins as a Service (DTaaS) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Digital Twins as a Service (DTaaS) Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Cloud-based
1.2.3 Edge Computing
1.2.4 Hybrid Model
1.3 Market by Application
1.3.1 Global Digital Twins as a Service (DTaaS) Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Transportation
1.3.3 Medical
1.3.4 Manufacturing
1.3.5 Defense
1.3.6 Municipal and infrastructure
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Digital Twins as a Service (DTaaS) Market Perspective (2020-2031)
2.2 Global Digital Twins as a Service (DTaaS) Growth Trends by Region
2.2.1 Global Digital Twins as a Service (DTaaS) Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Digital Twins as a Service (DTaaS) Historic Market Size by Region (2020-2025)
2.2.3 Digital Twins as a Service (DTaaS) Forecasted Market Size by Region (2026-2031)
2.3 Digital Twins as a Service (DTaaS) Market Dynamics
2.3.1 Digital Twins as a Service (DTaaS) Industry Trends
2.3.2 Digital Twins as a Service (DTaaS) Market Drivers
2.3.3 Digital Twins as a Service (DTaaS) Market Challenges
2.3.4 Digital Twins as a Service (DTaaS) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Digital Twins as a Service (DTaaS) Players by Revenue
3.1.1 Global Top Digital Twins as a Service (DTaaS) Players by Revenue (2020-2025)
3.1.2 Global Digital Twins as a Service (DTaaS) Revenue Market Share by Players (2020-2025)
3.2 Global Top Digital Twins as a Service (DTaaS) Players by Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Digital Twins as a Service (DTaaS) Revenue
3.4 Global Digital Twins as a Service (DTaaS) Market Concentration Ratio
3.4.1 Global Digital Twins as a Service (DTaaS) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Digital Twins as a Service (DTaaS) Revenue in 2024
3.5 Global Key Players of Digital Twins as a Service (DTaaS) Head office and Area Served
3.6 Global Key Players of Digital Twins as a Service (DTaaS), Product and Application
3.7 Global Key Players of Digital Twins as a Service (DTaaS), Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Digital Twins as a Service (DTaaS) Breakdown Data by Type
4.1 Global Digital Twins as a Service (DTaaS) Historic Market Size by Type (2020-2025)
4.2 Global Digital Twins as a Service (DTaaS) Forecasted Market Size by Type (2026-2031)
5 Digital Twins as a Service (DTaaS) Breakdown Data by Application
5.1 Global Digital Twins as a Service (DTaaS) Historic Market Size by Application (2020-2025)
5.2 Global Digital Twins as a Service (DTaaS) Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Digital Twins as a Service (DTaaS) Market Size (2020-2031)
6.2 North America Digital Twins as a Service (DTaaS) Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Digital Twins as a Service (DTaaS) Market Size by Country (2020-2025)
6.4 North America Digital Twins as a Service (DTaaS) Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Digital Twins as a Service (DTaaS) Market Size (2020-2031)
7.2 Europe Digital Twins as a Service (DTaaS) Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Digital Twins as a Service (DTaaS) Market Size by Country (2020-2025)
7.4 Europe Digital Twins as a Service (DTaaS) Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Digital Twins as a Service (DTaaS) Market Size (2020-2031)
8.2 Asia-Pacific Digital Twins as a Service (DTaaS) Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Digital Twins as a Service (DTaaS) Market Size by Region (2020-2025)
8.4 Asia-Pacific Digital Twins as a Service (DTaaS) Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Digital Twins as a Service (DTaaS) Market Size (2020-2031)
9.2 Latin America Digital Twins as a Service (DTaaS) Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Digital Twins as a Service (DTaaS) Market Size by Country (2020-2025)
9.4 Latin America Digital Twins as a Service (DTaaS) Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Digital Twins as a Service (DTaaS) Market Size (2020-2031)
10.2 Middle East & Africa Digital Twins as a Service (DTaaS) Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Digital Twins as a Service (DTaaS) Market Size by Country (2020-2025)
10.4 Middle East & Africa Digital Twins as a Service (DTaaS) Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 General Electric (GE) Company
11.1.1 General Electric (GE) Company Company Details
11.1.2 General Electric (GE) Company Business Overview
11.1.3 General Electric (GE) Company Digital Twins as a Service (DTaaS) Introduction
11.1.4 General Electric (GE) Company Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.1.5 General Electric (GE) Company Recent Development
11.2 PTC Inc
11.2.1 PTC Inc Company Details
11.2.2 PTC Inc Business Overview
11.2.3 PTC Inc Digital Twins as a Service (DTaaS) Introduction
11.2.4 PTC Inc Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.2.5 PTC Inc Recent Development
11.3 Siemens AG
11.3.1 Siemens AG Company Details
11.3.2 Siemens AG Business Overview
11.3.3 Siemens AG Digital Twins as a Service (DTaaS) Introduction
11.3.4 Siemens AG Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.3.5 Siemens AG Recent Development
11.4 IBM Corporation
11.4.1 IBM Corporation Company Details
11.4.2 IBM Corporation Business Overview
11.4.3 IBM Corporation Digital Twins as a Service (DTaaS) Introduction
11.4.4 IBM Corporation Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.4.5 IBM Corporation Recent Development
11.5 Microsoft Corporation
11.5.1 Microsoft Corporation Company Details
11.5.2 Microsoft Corporation Business Overview
11.5.3 Microsoft Corporation Digital Twins as a Service (DTaaS) Introduction
11.5.4 Microsoft Corporation Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.5.5 Microsoft Corporation Recent Development
11.6 ANSYS
11.6.1 ANSYS Company Details
11.6.2 ANSYS Business Overview
11.6.3 ANSYS Digital Twins as a Service (DTaaS) Introduction
11.6.4 ANSYS Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.6.5 ANSYS Recent Development
11.7 Dassault Syst猫mes
11.7.1 Dassault Syst猫mes Company Details
11.7.2 Dassault Syst猫mes Business Overview
11.7.3 Dassault Syst猫mes Digital Twins as a Service (DTaaS) Introduction
11.7.4 Dassault Syst猫mes Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.7.5 Dassault Syst猫mes Recent Development
11.8 Oracle Corporation
11.8.1 Oracle Corporation Company Details
11.8.2 Oracle Corporation Business Overview
11.8.3 Oracle Corporation Digital Twins as a Service (DTaaS) Introduction
11.8.4 Oracle Corporation Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.8.5 Oracle Corporation Recent Development
11.9 HPE
11.9.1 HPE Company Details
11.9.2 HPE Business Overview
11.9.3 HPE Digital Twins as a Service (DTaaS) Introduction
11.9.4 HPE Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.9.5 HPE Recent Development
11.10 Terawe
11.10.1 Terawe Company Details
11.10.2 Terawe Business Overview
11.10.3 Terawe Digital Twins as a Service (DTaaS) Introduction
11.10.4 Terawe Revenue in Digital Twins as a Service (DTaaS) Business (2020-2025)
11.10.5 Terawe Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Companies Mentioned:

General Electric (GE) Company
PTC Inc
Siemens AG
IBM Corporation
Microsoft Corporation
ANSYS
Dassault Syst猫mes
Oracle Corporation
HPE
Terawe

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