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Digital Twin in Logistics Market Share

  • Report ID: GMI10655
  • Published Date: Aug 2024
  • Report Format: PDF

Digital Twin in Logistics Market Share

SAP and Dassault Systems are the prominent players in the market holding approximately 19% of the market share in 2023. SAP prioritizes an integrated suite of digital supply chain solutions, encompassing planning, logistics, manufacturing, and asset management. Central to this suite is the digital twin, which enables real-time data integration and advanced analytics. SAP Leonardo, a key platform, combines digital twin technology with IoT, machine learning, blockchain, and analytics. This platform aims to drive digital transformation by facilitating smarter decisions and automating processes in logistics. With SAP Leonardo, logistics companies can simulate, predict, and optimize their operations, such as optimizing route planning, monitoring warehouse conditions, and forecasting maintenance needs.
 

Dassault Systèmes leverages its 3DEXPERIENCE platform to offer comprehensive digital twin solutions. This platform supports the creation, simulation, and optimization of digital twins across logistics operations. By integrating data from various sources, the 3DEXPERIENCE platform allows logistics companies to visualize and simulate their entire supply chain, from warehousing to transportation.
 

Digital Twin in Logistics Market Companies

Major players operating in the digital twin in logistics industry are:

  • IBM
  • SAP
  • Dassault Systèmes
  • Oracle Corporation
  • Kinaxis
  • Blue Yonder
  • Siemens Digital Industries Software
     
Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of digital twin in logistics reached USD 1.2 billion in 2023 and is set to register over 25.7% CAGR between 2024 and 2032, led by rising need for data-driven decision making.

The software segment recorded USD 893 million in 2023, owing to the integration of Internet of Things (IoT) devices and sensors.

North America market held 31% share in 2023, attributed to the rapid development and integration of IoT, AI, and big data analytics.

IBM, SAP, Dassault Systèmes, Oracle Corporation, Kinaxis, Blue Yonder, and Siemens Digital Industries Software.

Digital Twin in Logistics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 310
  • Countries covered: 25
  • Pages: 260
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