Report cover image

Saudi Arabia Digital Twin Market

Publisher BlueWeave Consulting
Published Jul 07, 2023
Length 200 Pages
SKU # BLWC18132057

Description

Saudi Arabia Digital Twin Market, By Type (Parts Twin, Product Twin, Process Twin, System Twin); By Application (Predictive Maintenance, Product Design & Development, Business Optimization, Others); By End Users (Manufacturing, Healthcare & Life Sciences, Residential & Commercial, Aerospace, Telecommunication, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Saudi Arabia Digital Twin Market Size Zooming More Than 30.6% to Cross USD 56.6 Billion by 2029

The Saudi Arabia digital twin market is gaining traction because of the government support promoting digital transformation initiatives and smart city initiatives.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia digital twin market size at USD 1.85 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Saudi Arabia digital twin market size to grow at a robust CAGR of 63.1% reaching a value of USD 56.61 billion by 2029. The flourishing manufacturing, healthcare, and other sectors under Vision 2030, combined with government and private investment to advance robotics and metaverse digitalization, are major growth factors for the Saudi Arabia digital twin market.

Saudi Arabia Digital Twin Market – Overview


According to the definition by IBM, “a digital twin is a virtual model designed to accurately reflect a physical object.” In essence, a digital twin is computer software that simulates how a process or product would work using data from the real world. IoT sensors are frequently used as the physical links between an object and its twin, and a developed IoT implementation frequently requires digital twins. Digital twins enable increased operational efficiency due to more accurate data and quicker, and more efficient production.

Saudi Arabia Digital Twin Market – By End Users

Based on end users, the Saudi Arabia digital twin market is segmented into manufacturing, healthcare & life sciences, residential & commercial, aerospace, telecommunications, and others. The Saudi government is aiming to establish the Kingdom as a global manufacturing hub under its Vision 2030. To strengthen its manufacturing sector, the government is laying down a regulatory framework for investments in establishing factories for infrastructure as well as ensuring education and training for human capital development, which is expected to present new growth opportunities to the Saudi Arabia digital twin market.

Impact of COVID-19 on the Saudi Arabia Digital Twin Market

The COVID-19 pandemic provided the Saudi Arabia digital twin market with excellent growth opportunities. The Kingdom's largest end-user businesses for digital twins, including the manufacturing and healthcare sectors, were disrupted by the lockdown, which negatively impacted market growth. But as the number of COVID-19 cases began to fall and restrictions were relaxed, the market for digital twins began to rebound dramatically as various organizations pushed for automation and virtualization of both products and processes. In response to the COVID-19 pandemic, the use of digital twin technology has also grown in the healthcare industry, enabling medical personnel to analyze patient data for use in treatment simulations and future research.

Competitive Landscape

Major players operating in the Saudi Arabia Digital Twin market include Siemens, Dassault Systèmes, PTC, IBM, ANSYS, Oracle, Bentley Systems, Autodesk, Hexagon AB, and Trimble.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Digital Twin Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Digital Twin Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Digital Twin Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Government Support promoting digital transformation initiatives
3.2.1.2. Smart City Initiatives
3.2.2. Restraints
3.2.2.1. lack of awareness and skilled professionals
3.2.2.2. Data Integration Challenges
3.2.3. Opportunities
3.2.3.1. Energy Sector Optimization
3.2.3.2. Infrastructure Development
3.2.4. Challenges
3.2.4.1. Data Privacy Concerns
3.2.4.2. High Cost of Implementation
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Digital Twin Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Type
4.2.1.1. Parts Twin
4.2.1.2. Product Twin
4.2.1.3. Process Twin
4.2.1.4. System Twin
4.2.2. By Application
4.2.2.1. Predictive Maintenance
4.2.2.2. Product Design & Development
4.2.2.3. Business Optimization
4.2.2.4. Others
4.2.3. By End User
4.2.3.1. Manufacturing
4.2.3.2. Healthcare & Life Sciences
4.2.3.3. Residential & Commercial
4.2.3.4. Aerospace
4.2.3.5. Telecommunication
4.2.3.6. Others
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. Saudi Arabia Digital Twin Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid–19 on Saudi Arabia Digital Twin Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. Siemens
7.2. Dassault Systèmes
7.3. PTC
7.4. IBM
7.5. ANSYS
7.6. Oracle
7.7. Bentley Systems
7.8. Autodesk
7.9. Hexagon AB
7.10. Trimble
7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information of case of non–listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Digital Twin Segmentation
Figure 2 Saudi Arabia Digital Twin Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Digital Twin Market Size, By Value (USD Billion), 2019–2029
Figure 5 Saudi Arabia Digital Twin Market Share, By Type, By Value, 2019–2029
Figure 6 Saudi Arabia Digital Twin Market Share, By Application, By Value, 2019–2029
Figure 7 Saudi Arabia Digital Twin Market Share, By End Users, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Digital Twin Market Size, By Value (USD Billion), 2019–2029
Table 2 Saudi Arabia Digital Twin Market Size, By Type, By Value, 2019–2029
Table 3 Saudi Arabia Digital Twin Market Size, By Application, By Value, 2019–2029
Table 4 Saudi Arabia Digital Twin Market Size, By End Users, By Value, 2019–2029
Table 5 Siemens Company Overview
Table 6 Siemens Financial Overview
Table 7 Dassault Systèmes Company Overview
Table 8 Dassault Systèmes Financial Overview
Table 9 PTC Company Overview
Table 10 PTC Financial Overview
Table 11 IBM Company Overview
Table 12 IBM Financial Overview
Table 13 ANSYS Company Overview
Table 14 ANSYS Financial Overview
Table 15 Oracle Company Overview
Table 16 Oracle Financial Overview
Table 17 Bentley Systems Company Overview
Table 18 Bentley Systems Financial Overview
Table 19 Autodesk Company Overview
Table 20 Autodesk Financial Overview
Table 21 Hexagon AB Company Overview
Table 22 Hexagon AB Financial Overview
Table 23 Trimble Company Overview
Table 24 Trimble Financial Overview
Table 25 Other Prominent Players Company Overview
Table 26 Other Prominent Players Financial Overview

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us