This in-depth market data research is split into two key modules: Market Growth Outlook and Competitive Analysis. Each of these modules is further configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers. All of these modules and sub-modules may be purchased as a bundle or separately. A brief description of these modules, sub-modules, and their use cases is included below.
The Digital Twin Software market research delivers current market analysis plus a five year market and technology forecast. It is available in multiple editions including worldwide, all regions, and most major countries.
Digital Twin Software Market Driven by Enhanced Solutions
ARC Advisory Group research on the digital twin software market reveals several converging growth drivers. Infusion of industrial AI continues to improve business processes, simplify work processes, and scale technology. Industrial AI is being leveraged in various areas, including engineering simulation, product design, and asset management. Competitive pressures drive the need for improvements to engineering design and operations to optimize the performance of equipment. They face challenges to simplify supply chains, reduce downtime, lower operating expenses, optimize energy consumption, and increase value to compete more effectively in the global market.
Digital Twin Software Strategic Issues
In addition to providing a five-year market forecast, the Digital Twin Software Market Research provides detailed quantitative, current market data and addresses key strategic issues as follows:
Generic Simulators for Teaching Fundamental Behavior of Unit Operations
Generic simulators can be a significant development effort for each unit operation that is simulated but have the advantage of not needing to be maintained to match plant changes. Suppliers with a large collection of unit operation simulations can offer these products on a cloud platform available to users at multiple plant sites. 3D spatial simulations using virtual reality and animation technologies can be very effective training tools. The high-resolution spatial simulations are also expensive to develop and require powerful computers and possibly expensive headsets or display systems, but once developed they can be used by many different companies as part of an effective training program. The problem with unit-specific simulations is the cost of developing a unique high-fidelity simulation that is significant and is limited to just one plant site. Unit specific simulations also require periodic updates to stay synchronized with new process piping, new reactor catalysts, new distillation trays, modified pumps or valves, and new control strategies or safety logic. These simulation updates require continued maintenance, whereas generic simulations do not require this maintenance.
Digital Twin Software that Includes Visual Geolocation Capabilities
Some digital twin solutions provide overall plant data with the geographical location context for equipment, Industrial IoT sensors, materials, etc. Location data and other information about products (lot status, units, etc.) can be combined with other digital sources like the digital twin of the factory and support other tasks like planning, scheduling, asset management, and performance monitoring.
Simulation Should Be Key Asset
The investment in simulation for operator training should be part of a larger digital twin activity that benefits multiple parts of a manufacturing organization. Where process models are used to design the plant and size equipment, these steady state models can morph into dynamic models and form the heart of a console operator training system. Such models are usually built in the form of heat and material balance models using first principals process models that can dynamically connect to the safety and regulator controls. Many new plants use spatial geometric models for organizing the plant design and construction. These models are ideal for building virtual reality simulations that are useful for training field operators. Some high consequence processes connect the spatial models to the dynamic process simulation in a way that allows simultaneous interactions between console and field operators. A sophisticated digital twin like this can be used by process engineers to refine the design by control system engineers to test and debug control and safety systems, by supervisors that create standard operating procedures (SOPs), by plant operations for training, and by maintenance-to-personnel to plan maintenance. Augmented reality displays can be used by instrument, mechanical, and electrical staff by connecting to work orders, hot work permits, and equipment databases.
Market Data Research Available Datasets
Market Growth Outlook
ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world. In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Market Growth Outlook Analysis | Use Cases | Target Role |
| Worldwide Market Growth Outlook by Industry & Region with 3-year history where available | In-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Industry Growth Outlook by Region with 3-year history where available | Strategic technology growth planning for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data) | Strategic technology growth planning for markets defined by a single or multiple world regions | Regional & Country Sales Managers |
| Market Growth Outlook Executive View | Strategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Market Competitive Analysis
ARC’s Competitive Analysis services deliver in depth competitive analyses across multiple technologies, applications, regions, and industries. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help product and marketing managers identify their company’s market positioning across multiple views within their Serviceable Available Market (SAM). Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying how their company’s market position would change if the company were to acquire or divest a particular product line or technology. ARC’s reputation as the preeminent independent provider of competitive market benchmarking for nearly four decades lends greater weight to your business plans. ARC’s market competitive services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet the specific needs of our clients. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market competitive analyses designed to help executives quickly assess their SAM by world region, technology, or vertical industry. In-depth competitive market analyses provide marketing and product managers more detailed technology specific benchmarking information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Competitive Analysis | Use Cases | Target Role |
| Worldwide Competitive Analysis by Technology | In-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple world regions | Regional Sales Managers |
| Competitive Analysis Executive View | Strategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Worldwide Research Focus Areas
Worldwide Research Focus Areas
Strategic Analysis
- Executive Overview
- Marketing Trends
- Buyer Strategies
- Supplier Strategies
- Growth Contributors & Inhibitors
Scope
Competitive Analysis
- Market Shares of the Leading Suppliers
- Market Shares by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Market Shares by Revenue Category
- Hardware
- Software
- Services
- Market Shares by Function
- Federated Database Business Process Automation and Management
- Simulation and Process Models
- Visualization Software Using 3 D
- Market Shares by Industry
- Aerospace & Defense
- Automotive
- Buildings
- Cement & Glass
- Chemical
- Construction
- Electric Power Generation
- Electric Power T&D
- Electronics & Electrical
- Fabricated Metals
- Food & Beverage
- Household & Personal Care
- Machinery Manufacturing
- Marine
- Medical Products
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Plastics & Rubber
- Printing & Publishing
- Pulp & Paper
- Refining
- Semiconductors
- Telecommunications
- Textiles
- Water & Wastewater
- Market Shares by Customer Size
- Market Shares by Sales Channel
Market Forecast Analysis
- Total Digital Twin Software Business
- Shipments by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Shipments by Revenue Category
- Hardware
- Software
- Services
- Shipments by Function
- Federated Database Business Process Automation and Management
- Simulation and Process Models
- Visualization Software Using 3 D
- Shipments by Industry
- Aerospace & Defense
- Automotive
- Buildings
- Cement & Glass
- Chemical
- Construction
- Electric Power Generation
- Electric Power T&D
- Electronics & Electrical
- Fabricated Metals
- Food & Beverage
- Household & Personal Care
- Machinery Manufacturing
- Marine
- Medical Products
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Plastics & Rubber
- Printing & Publishing
- Pulp & Paper
- Refining
- Semiconductors
- Telecommunications
- Textiles
- Water & Wastewater
- Shipments by Customer Size
- Shipments by Sales Channel
Industry Participants
The research identifies all relevant suppliers serving this market.
Regional Research Focus Areas
Strategic Analysis
Competitive Analysis
- Leading Suppliers in Region
- Industry Shares in Region
- Country Shares in Region
- Leading Suppliers by Industry
Market Forecast Analysis
- Market Forecast by Country
- Market Forecast by Industry
Industry Participants
List of countries & currencies included in each region: MIRA-Country
For More Information
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