
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 market for Internet of Things (IoT) Twin was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
According to our research, 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 Scope
This report aims to provide a comprehensive presentation of the global market for Internet of Things (IoT) Twin, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Internet of Things (IoT) Twin by region & country, by Type, and by Application.
The Internet of Things (IoT) Twin market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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 Internet of Things (IoT) Twin.
Market Segmentation
By Company
General Electric(US)
PTC(US)
Siemens(Germany)
Dassault Systèmes(France)
IBM Corporation(US)
ANSYS(US)
Microsoft Corporation(US)
Oracle Corporation(US)
Segment by Type:
Parts Type
System Type
Segment by Application
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Internet of Things (IoT) Twin manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of Internet of Things (IoT) Twin in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Internet of Things (IoT) Twin in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Internet of Things (IoT) Twin Product Introduction
1.2 Global Internet of Things (IoT) Twin Market Size Forecast
1.3 Internet of Things (IoT) Twin Market Trends & Drivers
1.3.1 Internet of Things (IoT) Twin Industry Trends
1.3.2 Internet of Things (IoT) Twin Market Drivers & Opportunity
1.3.3 Internet of Things (IoT) Twin Market Challenges
1.3.4 Internet of Things (IoT) Twin Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Internet of Things (IoT) Twin Players Revenue Ranking (2023)
2.2 Global Internet of Things (IoT) Twin Revenue by Company (2019-2024)
2.3 Key Companies Internet of Things (IoT) Twin Manufacturing Base Distribution and Headquarters
2.4 Key Companies Internet of Things (IoT) Twin Product Offered
2.5 Key Companies Time to Begin Mass Production of Internet of Things (IoT) Twin
2.6 Internet of Things (IoT) Twin Market Competitive Analysis
2.6.1 Internet of Things (IoT) Twin Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by Internet of Things (IoT) Twin Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Internet of Things (IoT) Twin as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Parts Type
3.1.2 System Type
3.2 Global Internet of Things (IoT) Twin Sales Value by Type
3.2.1 Global Internet of Things (IoT) Twin Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Internet of Things (IoT) Twin Sales Value, by Type (2019-2030)
3.2.3 Global Internet of Things (IoT) Twin Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Aerospace & Defense
4.1.2 Automotive & Transportation
4.1.3 Machine Manufacturing
4.1.4 Energy & Utilities
4.1.5 Others
4.2 Global Internet of Things (IoT) Twin Sales Value by Application
4.2.1 Global Internet of Things (IoT) Twin Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Internet of Things (IoT) Twin Sales Value, by Application (2019-2030)
4.2.3 Global Internet of Things (IoT) Twin Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global Internet of Things (IoT) Twin Sales Value by Region
5.1.1 Global Internet of Things (IoT) Twin Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Internet of Things (IoT) Twin Sales Value by Region (2019-2024)
5.1.3 Global Internet of Things (IoT) Twin Sales Value by Region (2025-2030)
5.1.4 Global Internet of Things (IoT) Twin Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America Internet of Things (IoT) Twin Sales Value, 2019-2030
5.2.2 North America Internet of Things (IoT) Twin Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe Internet of Things (IoT) Twin Sales Value, 2019-2030
5.3.2 Europe Internet of Things (IoT) Twin Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific Internet of Things (IoT) Twin Sales Value, 2019-2030
5.4.2 Asia Pacific Internet of Things (IoT) Twin Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America Internet of Things (IoT) Twin Sales Value, 2019-2030
5.5.2 South America Internet of Things (IoT) Twin Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa Internet of Things (IoT) Twin Sales Value, 2019-2030
5.6.2 Middle East & Africa Internet of Things (IoT) Twin Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Internet of Things (IoT) Twin Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Internet of Things (IoT) Twin Sales Value
6.3 United States
6.3.1 United States Internet of Things (IoT) Twin Sales Value, 2019-2030
6.3.2 United States Internet of Things (IoT) Twin Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Internet of Things (IoT) Twin Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Internet of Things (IoT) Twin Sales Value, 2019-2030
6.4.2 Europe Internet of Things (IoT) Twin Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Internet of Things (IoT) Twin Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Internet of Things (IoT) Twin Sales Value, 2019-2030
6.5.2 China Internet of Things (IoT) Twin Sales Value by Type (%), 2023 VS 2030
6.5.3 China Internet of Things (IoT) Twin Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Internet of Things (IoT) Twin Sales Value, 2019-2030
6.6.2 Japan Internet of Things (IoT) Twin Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Internet of Things (IoT) Twin Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Internet of Things (IoT) Twin Sales Value, 2019-2030
6.7.2 South Korea Internet of Things (IoT) Twin Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Internet of Things (IoT) Twin Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Internet of Things (IoT) Twin Sales Value, 2019-2030
6.8.2 Southeast Asia Internet of Things (IoT) Twin Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Internet of Things (IoT) Twin Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Internet of Things (IoT) Twin Sales Value, 2019-2030
6.9.2 India Internet of Things (IoT) Twin Sales Value by Type (%), 2023 VS 2030
6.9.3 India Internet of Things (IoT) Twin Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 General Electric(US)
7.1.1 General Electric(US) Profile
7.1.2 General Electric(US) Main Business
7.1.3 General Electric(US) Internet of Things (IoT) Twin Products, Services and Solutions
7.1.4 General Electric(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2019-2024)
7.1.5 General Electric(US) Recent Developments
7.2 PTC(US)
7.2.1 PTC(US) Profile
7.2.2 PTC(US) Main Business
7.2.3 PTC(US) Internet of Things (IoT) Twin Products, Services and Solutions
7.2.4 PTC(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2019-2024)
7.2.5 PTC(US) Recent Developments
7.3 Siemens(Germany)
7.3.1 Siemens(Germany) Profile
7.3.2 Siemens(Germany) Main Business
7.3.3 Siemens(Germany) Internet of Things (IoT) Twin Products, Services and Solutions
7.3.4 Siemens(Germany) Internet of Things (IoT) Twin Revenue (US$ Million) & (2019-2024)
7.3.5 Dassault Systèmes(France) Recent Developments
7.4 Dassault Systèmes(France)
7.4.1 Dassault Systèmes(France) Profile
7.4.2 Dassault Systèmes(France) Main Business
7.4.3 Dassault Systèmes(France) Internet of Things (IoT) Twin Products, Services and Solutions
7.4.4 Dassault Systèmes(France) Internet of Things (IoT) Twin Revenue (US$ Million) & (2019-2024)
7.4.5 Dassault Systèmes(France) Recent Developments
7.5 IBM Corporation(US)
7.5.1 IBM Corporation(US) Profile
7.5.2 IBM Corporation(US) Main Business
7.5.3 IBM Corporation(US) Internet of Things (IoT) Twin Products, Services and Solutions
7.5.4 IBM Corporation(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2019-2024)
7.5.5 IBM Corporation(US) Recent Developments
7.6 ANSYS(US)
7.6.1 ANSYS(US) Profile
7.6.2 ANSYS(US) Main Business
7.6.3 ANSYS(US) Internet of Things (IoT) Twin Products, Services and Solutions
7.6.4 ANSYS(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2019-2024)
7.6.5 ANSYS(US) Recent Developments
7.7 Microsoft Corporation(US)
7.7.1 Microsoft Corporation(US) Profile
7.7.2 Microsoft Corporation(US) Main Business
7.7.3 Microsoft Corporation(US) Internet of Things (IoT) Twin Products, Services and Solutions
7.7.4 Microsoft Corporation(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2019-2024)
7.7.5 Microsoft Corporation(US) Recent Developments
7.8 Oracle Corporation(US)
7.8.1 Oracle Corporation(US) Profile
7.8.2 Oracle Corporation(US) Main Business
7.8.3 Oracle Corporation(US) Internet of Things (IoT) Twin Products, Services and Solutions
7.8.4 Oracle Corporation(US) Internet of Things (IoT) Twin Revenue (US$ Million) & (2019-2024)
7.8.5 Oracle Corporation(US) Recent Developments
8 Industry Chain Analysis
8.1 Internet of Things (IoT) Twin Industrial Chain
8.2 Internet of Things (IoT) Twin Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Internet of Things (IoT) Twin Sales Model
8.5.2 Sales Channel
8.5.3 Internet of Things (IoT) Twin Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
General Electric(US)
PTC(US)
Siemens(Germany)
Dassault Systèmes(France)
IBM Corporation(US)
ANSYS(US)
Microsoft Corporation(US)
Oracle Corporation(US)
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*If Applicable.
