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Building Twin Market Share

Report ID: GMI11946
Published Date: Oct 2024
Report Format: PDF

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Building Twin Market Share

Siemens AG, Microsoft Azure, and IBM hold a significant market share of over 13% in building twin industry. These major players in the building twin industry are emphasizing continuous innovation and strategic partnerships to strengthen their competitive edge. They are allocating substantial resources toward research and development to create more sophisticated building twin solutions that can offer enhanced functionalities, such as real-time analytics, predictive maintenance, and seamless integration with IoT devices.

Additionally, key players such as Siemens and IBM are concentrating on developing scalable and flexible building twin platforms that cater to various industries, including construction, real estate, and facility management. By leveraging cloud-based technologies and advanced data processing capabilities, they aim to enhance user experience and streamline operations for their clients. This commitment to scalability and flexibility enables these organizations to meet the diverse needs of their customer base while fostering greater collaboration between different stakeholders in the building lifecycle.

Building Twin Market Companies

Major players operating in the building twin industry include:

Accenture
Autodesk
Bentley Systems
Dassault Systems
Honeywell
IBM
Microsoft Azure
Oracle
Schneider Electric
Siemens AG

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of building twin reached USD 1.8 billion in 2023 and is set to grow at a 25.5% CAGR from 2024 to 2032, driven by the increasing focus on smart buildings and digital transformation.

The operations & maintenance segment is anticipated to register a CAGR of over 20% during 2024 to 2032, propelled by the need for predictive maintenance and operational efficiency.

North America market accounted for 35% of the revenue share in 2023, led by significant investments in R&D and early adoption of innovative technologies.

The industry includes key players such as Accenture, Autodesk, Bentley Systems, Dassault Systems, Honeywell, IBM, Microsoft Azure, Oracle, Schneider Electric, and Siemens AG.