Press Release

India Digital Twin Market Is Expected To Register A Steady CAGR During The Forecast Period, 2025-2029

Rising demand for monitoring & maintenance is expected to drive the India Digital Twin Market between 2025 and 2029.

According to TechSci Research report "India Digital Twin Market By Region, Competition, Forecast & Opportunities, 2029", the India Digital Twin market is growing owing to rapid rise in predictive maintenance, digitalization, and increasing adoption of advanced technologies by enterprises to meet the need for growing business along with the development of more electronic data and combination of smart manufacturing. The growing complexity has spurred the need to test and validate a product before it even exists in the real world along with rising government investment to analyze and stimulate the different disaster scenarios, such as fires, floods, and earthquakes. are the primary reasons that are expected to dramatically increase demand for Digital Twin market in India.

Moreover, the rising demand for monitoring & maintenance and an increase in the need for environmental sustainability is driving the India digital twin market. India's digital twin industry is expanding rapidly in the age of digitization. The nation is ideally positioned to serve as a hub for data centers specializing in cloud computing technologies including artificial intelligence, machine learning, and advanced analytical techniques. Furthermore, rising usage of big data solutions, IoT, and cloud-based solutions, among other things, is predicted to drive market expansion through 2029. Measures taken by the government, such as the National Digital Twin of India, Infrastructure Vision 2025, etc. are likely to generate attractive prospects for market growth through 2029.

The India Digital Twin market is divided on the basis of type, technology, application, end user industry, and geographical segments. Based on application, the market is segmented into manufacturing process planning, product design, predictive maintenance, and others. The predictive maintenance has showcased lucrative market growth in 2022 owing to rising demand for real-time monitoring and digital infrastructure projects in industries such as banking/fintech, telecommunications, energy, and government. The assembly, installation, and quality-checking phases of the production process are streamlined by the use of digital twin technology. Moreover, by regularly monitoring an asset, predictive maintenance enables the creation of maintenance schedules that are specific to each asset. Moreover, there is increased demand for reducing inspection time, costs, and annual maintenance fees among the public and private sector enterprises as India is one of the largest data markets. Predictive maintenance has a huge range of use cases across industries such as oil and gas, manufacturing, aircraft maintenance and more. Furthermore, the need to increase the digitalization in supply chain as enterprises are realizing the dynamics of Industry 4.0. Thus, digitalization are offering opportunities for service providers to integrate predictive maintenance and increase the demand for digital twin in the Indian market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Digital Twin Market

Owing to their proximity to end users, the manufacturing segment is expected to register fastest growth during the forecast period. The digital twin solutions in the manufacturing industries are enabling the automation of data pulling, cleaning, structuring, and transforming the industry. The key justifications for having a Digital Twin in India are the demand for creating virtual replicas of an object or a process as well as enabling digital print, sensors to collect data from the physical process helping Indian user’s, government efforts and projects were the primary drivers of the expansion in the India Digital Twin industry. To catch up with other nations in the Digital Twin business, India must, however, undertake a number of reforms, most notably by creating clear rules to oversee and advance this industry.

India Digital Twin Market is divided on the basis of type, technology, application, and end-user industry. Based on type, the market is further divided into process, product ,and system. Based on technology, the market is further segmented into Internet of Things, Artificial Intelligence & Machine Learning, Extended Reality, Blockchain, Big Data Analytics, and 5G. Based on application, the market is further split into manufacturing process planning, product design, predictive maintenance, and others. Based on end-user industry, the market is further divided into manufacturing, automobile & transportation, healthcare & lifesciences, aerospace & defence, energy & utilities and others.

Key market players in the India Digital Twin market include:

  • Pratiti Technologies
  • Tata Consultancy Services Limited
  • Ansys Software Pvt. Ltd.
  • Siemens India Private Limited
  • PTC India Limited
  • IBM India Private Limited
  • TwinGrid Labs Private Limited
  • Microsoft Corporation India Pvt. Ltd.
  • Faclon Labs Private Limited
  • Cisco Systems, Inc.

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“South, being the most advanced region in terms of Information technology holds the largest market share of digital twins, benefiting from the presence of several technology establishment in the India Digital Twin market. North region ranks the second in the digital twin market in India. The introduction of 5G networks and cloud services will strengthen the region's digital economy and increase demand for high-bandwidth networking infrastructure. For instance, in February 2023, Bank of Maharashtra (BOM) announced the launch of its own private cloud platform as part of its high-performance cloud capabilities for digital infrastructure and hosting applications of the bank in India. In addition, the huge volume of internet traffic and the presence of several cloud services providers are further attributing the market growth. Moreover, the implementation of several programs such as National Digital Twin of India, which enables the acceleration of Digital Twins in India, has been a key element in the growth of the India Digital Twin market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

India Digital Twin Market by Type (Process, Product and System), By Technology (Internet of Things, Artificial Intelligence & Machine Learning, Extended Reality, Blockchain, Big Data Analytics, 5G), By Application (Manufacturing Process Planning, Product Design, Predictive Maintenance, Others), By End-User (Manufacturing, Automobile & Transportation, Healthcare & Lifesciences, Aerospace & Defence, Energy & Utilities and Others) By Region, Competition, Forecast & Opportunities, 2028F has evaluated the future growth potential of India Digital Twin Market and provides statistics & information on market size, structure, and future market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, challenges, and opportunities in the India Digital Twin market.


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