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3. Building Twin Companies - Microsoft (US) and Siemens (Germany) are the Key Players

The building twin market is expected to grow from USD 2.1 billion in 2024 to USD 13.3 billion by 2029, at a CAGR of 44.7% during the forecast period.

A Building Twin is an advanced technology that creates a detailed virtual replica of a physical building, continually updated with real-time data from sensors and other sources. This digital model offers valuable insights and analytics, helping stakeholders optimize every phase of a building's lifecycle. It allows for accurate visualization and testing of design options during design and construction, ensuring projects remain on schedule and within budget. Once operational, the digital twin enhances facilities management by monitoring performance, predicting maintenance needs, and boosting energy efficiency. It also aids in space optimization, emergency preparedness, and sustainability efforts, leading to better decision-making, cost savings, and improved building performance.

To know about the assumptions considered for the study download the pdf brochure

Major Building Twin companies include:

• Microsoft (US)
• Siemens (Germany)
• Amazon (US)
• Dassault Systèmes (France)
• Robert Bosch GmbH (Germany)
• ANSYS, Inc (US)
• IBM (US)
• Autodesk Inc. (US)
• SAP (Germany)
• Oracle (US)
• Bentley Systems, Incorporated (US)

Microsoft (US), Siemens (Germany), Amazon (US), Dassault Systèmes (France), Robert Bosch GmbH (Germany), ANSYS, Inc (US), IBM (US), Autodesk Inc. (US), SAP (Germany), Oracle (US), and Bentley Systems, Incorporated (US)are some of the key players in building twin market.

Microsoft

Microsoft offers a wide range of software products and services, including development, licensing, and support. Their cloud-based services are a significant part of their business, and they operate through three main segments: Intelligent Cloud, More Personal Computing, and Productivity & Business Processes. Under the Intelligent Cloud segment, Microsoft provides digital twin solutions for buildings. This segment includes various cloud server solutions and services, both public and private. Key components include server products and cloud services like Azure, SQL Server, Windows Server, Visual Studio, System Center, and related client access licenses (CALs). Azure Digital Twins is a tool that lets developers create IoT applications to model entire environments in real-time. It allows for the creation of a digital model of physical spaces and incorporates real-time data on the locations of people and the devices they are using. This transforms smart buildings by generating dynamic, interconnected digital replicas of physical spaces. Azure Digital Twins can use its open modeling language to create digital representations of connected environments, from single buildings to entire cities.

Siemens

Siemens is a global technology provider specializing in manufacturing, infrastructure, transportation, and healthcare. The company operates through four main business segments: Digital Industries, Smart Infrastructure, Siemens Healthineers, and Mobility. The company's building twin solutions are part of its Smart Infrastructure segment. The segment offers products, systems, solutions, services, and software to support the transition from fossil fuels to renewable energy sources and to foster smarter, more sustainable buildings and communities. The Smart Infrastructure portfolio includes buildings, electrification, and electrical products. It caters to operators, owners, occupants, and users by providing integrated building management systems, software, HVAC controls, fire safety, security products, and energy performance services and provides these products to various end users such as infrastructure developers, construction companies, contractors, and owners/operators of public and commercial buildings such as hospitals, campuses, airports, and data centers.

Related Reports:

Building Twin Market by Offering (Software Solutions, Services), Application (Facility Management, Predictive Maintenance, Safety & Security Management, Energy Management), End User (Commercial, Industrial) and Region - Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]