The North America Supply Chain Digital Twin Market would witness market growth of 10.7% CAGR during the forecast period (2023-2030).
The concept of a digital twin, initially rooted in manufacturing and product design, has evolved and extended its reach into the complex and interconnected world of supply chain management. The market is experiencing a profound transformation, driven by the increasing need for visibility, agility, and resilience in global supply chains. The adoption of supply chain digital twins (SCDTs) has gained momentum across various industries due to their potential to revolutionize supply chain operations.
SCDTs provide a holistic view of these intricacies, enabling better decision-making. Modern consumers expect quick deliveries and accurate order tracking. SCDTs offer real-time visibility into inventory, shipments, and demand, helping companies meet customer expectations and maintain competitiveness. SCDTs allow companies to simulate and strategize for potential disruptions, enhancing resilience.
As per the Manufacturing Industry Statistics released by the United States National Institute of Standards and Technology, in 2021, manufacturing contributed $2.3 trillion to the U.S. GDP, amounting to 12.0 % of total U.S. GDP. Including direct and indirect (i.e., purchases from other industries) value-added, manufacturing contributed an estimated 24 % of GDP. In 2020, U.S. manufacturing imported 18.2 % of its intermediate goods/services, resulting in 10.6 % foreign output. Moreover, Canada's abundant natural resources, such as minerals, forestry products, and energy resources, have led to a robust processing and manufacturing industry. This includes wood and paper manufacturing, mining and metal processing, and petroleum refining. According to the data provided by the Government of Canada, manufacturing revenues reached $7.7 billion of total $8.3 billion in 2020. These factors will boost the demand for supply chain digital twin in the North America region.
The US market dominated the North America Supply Chain Digital Twin Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,307.6 million by 2030. The Canada market is experiencing a CAGR of 13.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 12.2% during (2023 - 2030).
Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Size Enterprises. Based on Component, the market is segmented into Hardware, Software and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Vertical, the market is segmented into Automotive, Aerospace & Defense, Manufacturing, Pharmaceuticals, Retail, Consumer Goods and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Supply Chain Digital Twin Market is Predict to reach $5.3 Billion by 2030, at a CAGR of 11.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, SAP SE, Dassault Systemes SE, Kinaxis, Inc., Schneider Electric SE (AVEVA Group PLC), Siemens AG (Siemens Digital Industries Software), AnyLogic North America, LLC (The AnyLogic Company), Simio LLC and Logivations GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Enterprise Size
- Large Enterprises
- Small & Medium Size Enterprises
By Component
By Deployment Mode
By Vertical
- Automotive
- Aerospace & Defense
- Manufacturing
- Pharmaceuticals
- Retail
- Consumer Goods
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Oracle Corporation
- SAP SE
- Dassault Systemes SE
- Kinaxis, Inc.
- Schneider Electric SE (AVEVA Group PLC)
- Siemens AG (Siemens Digital Industries Software)
- AnyLogic North America, LLC (The AnyLogic Company)
- Simio LLC
- Logivations GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Supply Chain Digital Twin Market, by Enterprise Size
1.4.2 North America Supply Chain Digital Twin Market, by Component
1.4.3 North America Supply Chain Digital Twin Market, by Deployment Mode
1.4.4 North America Supply Chain Digital Twin Market, by Vertical
1.4.5 North America Supply Chain Digital Twin Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Feb – 2023, May) Leading Players
4.5 Porter’s Five Force Analysis
Chapter 5. North America Supply Chain Digital Twin Market by Enterprise Size
5.1 North America Large Enterprises Market by Region
5.2 North America Small & Medium Size Enterprises Market by Region
Chapter 6. North America Supply Chain Digital Twin Market by Component
6.1 North America Hardware Market by Country
6.2 North America Software Market by Country
6.3 North America Services Market by Country
Chapter 7. North America Supply Chain Digital Twin Market by Deployment Mode
7.1 North America On-premise Market by Country
7.2 North America Cloud Market by Country
Chapter 8. North America Supply Chain Digital Twin Market by Vertical
8.1 North America Automotive Market by Country
8.2 North America Aerospace & Defense Market by Country
8.3 North America Manufacturing Market by Country
8.4 North America Pharmaceuticals Market by Country
8.5 North America Retail Market by Country
8.6 North America Consumer Goods Market by Country
8.7 North America Others Market by Country
Chapter 9. North America Supply Chain Digital Twin Market by Country
9.1 US Supply Chain Digital Twin Market
9.1.1 US Supply Chain Digital Twin Market by Enterprise Size
9.1.2 US Supply Chain Digital Twin Market by Component
9.1.3 US Supply Chain Digital Twin Market by Deployment Mode
9.1.4 US Supply Chain Digital Twin Market by Vertical
9.2 Canada Supply Chain Digital Twin Market
9.2.1 Canada Supply Chain Digital Twin Market by Enterprise Size
9.2.2 Canada Supply Chain Digital Twin Market by Component
9.2.3 Canada Supply Chain Digital Twin Market by Deployment Mode
9.2.4 Canada Supply Chain Digital Twin Market by Vertical
9.3 Mexico Supply Chain Digital Twin Market
9.3.1 Mexico Supply Chain Digital Twin Market by Enterprise Size
9.3.2 Mexico Supply Chain Digital Twin Market by Component
9.3.3 Mexico Supply Chain Digital Twin Market by Deployment Mode
9.3.4 Mexico Supply Chain Digital Twin Market by Vertical
9.4 Rest of North America Supply Chain Digital Twin Market
9.4.1 Rest of North America Supply Chain Digital Twin Market by Enterprise Size
9.4.2 Rest of North America Supply Chain Digital Twin Market by Component
9.4.3 Rest of North America Supply Chain Digital Twin Market by Deployment Mode
9.4.4 Rest of North America Supply Chain Digital Twin Market by Vertical
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 Oracle Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 SAP SE
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.6 SWOT Analysis
10.4 Dassault Systemes SE
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Product Category and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.6 SWOT Analysis
10.5 Kinaxis, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 SWOT Analysis
10.6 Schneider Electric SE (AVEVA Group PLC)
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Product Launches and Product Expansions:
10.6.6 SWOT Analysis
10.7 Siemens AG (Siemens Digital Industries Software)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.5.2 Acquisition and Mergers:
10.7.6 SWOT Analysis
10.8 AnyLogic North America, LLC (The AnyLogic Company)
10.8.1 Company Overview
10.8.2 SWOT Analysis
10.9 Simio LLC
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. Logivations GmbH
10.10.1 Company Overview
10.10.2 SWOT Analysis
TABLE 1 North America Supply Chain Digital Twin Market, 2019 - 2022, USD Million
TABLE 2 North America Supply Chain Digital Twin Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Supply Chain Digital Twin Market
TABLE 4 Product Launches And Product Expansions– Supply Chain Digital Twin Market
TABLE 5 Acquisition and Mergers– Supply Chain Digital Twin Market
TABLE 6 North America Supply Chain Digital Twin Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 7 North America Supply Chain Digital Twin Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 8 North America Large Enterprises Market by Region, 2019 - 2022, USD Million
TABLE 9 North America Large Enterprises Market by Region, 2023 - 2030, USD Million
TABLE 10 North America Small & Medium Size Enterprises Market by Region, 2019 - 2022, USD Million
TABLE 11 North America Small & Medium Size Enterprises Market by Region, 2023 - 2030, USD Million
TABLE 12 North America Supply Chain Digital Twin Market by Component, 2019 - 2022, USD Million
TABLE 13 North America Supply Chain Digital Twin Market by Component, 2023 - 2030, USD Million
TABLE 14 North America Hardware Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Hardware Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Software Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Software Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 20 North America Supply Chain Digital Twin Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 21 North America Supply Chain Digital Twin Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 22 North America On-premise Market by Country, 2019 - 2022, USD Million
TABLE 23 North America On-premise Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Cloud Market by Country, 2023 - 2030, USD Million
TABLE 26 North America Supply Chain Digital Twin Market by Vertical, 2019 - 2022, USD Million
TABLE 27 North America Supply Chain Digital Twin Market by Vertical, 2023 - 2030, USD Million
TABLE 28 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Aerospace & Defense Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Retail Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Consumer Goods Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Consumer Goods Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 42 North America Supply Chain Digital Twin Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Supply Chain Digital Twin Market by Country, 2023 - 2030, USD Million
TABLE 44 US Supply Chain Digital Twin Market, 2019 - 2022, USD Million
TABLE 45 US Supply Chain Digital Twin Market, 2023 - 2030, USD Million
TABLE 46 US Supply Chain Digital Twin Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 47 US Supply Chain Digital Twin Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 48 US Supply Chain Digital Twin Market by Component, 2019 - 2022, USD Million
TABLE 49 US Supply Chain Digital Twin Market by Component, 2023 - 2030, USD Million
TABLE 50 US Supply Chain Digital Twin Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 51 US Supply Chain Digital Twin Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 52 US Supply Chain Digital Twin Market by Vertical, 2019 - 2022, USD Million
TABLE 53 US Supply Chain Digital Twin Market by Vertical, 2023 - 2030, USD Million
TABLE 54 Canada Supply Chain Digital Twin Market, 2019 - 2022, USD Million
TABLE 55 Canada Supply Chain Digital Twin Market, 2023 - 2030, USD Million
TABLE 56 Canada Supply Chain Digital Twin Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 57 Canada Supply Chain Digital Twin Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 58 Canada Supply Chain Digital Twin Market by Component, 2019 - 2022, USD Million
TABLE 59 Canada Supply Chain Digital Twin Market by Component, 2023 - 2030, USD Million
TABLE 60 Canada Supply Chain Digital Twin Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 61 Canada Supply Chain Digital Twin Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 62 Canada Supply Chain Digital Twin Market by Vertical, 2019 - 2022, USD Million
TABLE 63 Canada Supply Chain Digital Twin Market by Vertical, 2023 - 2030, USD Million
TABLE 64 Mexico Supply Chain Digital Twin Market, 2019 - 2022, USD Million
TABLE 65 Mexico Supply Chain Digital Twin Market, 2023 - 2030, USD Million
TABLE 66 Mexico Supply Chain Digital Twin Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 67 Mexico Supply Chain Digital Twin Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 68 Mexico Supply Chain Digital Twin Market by Component, 2019 - 2022, USD Million
TABLE 69 Mexico Supply Chain Digital Twin Market by Component, 2023 - 2030, USD Million
TABLE 70 Mexico Supply Chain Digital Twin Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 71 Mexico Supply Chain Digital Twin Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 72 Mexico Supply Chain Digital Twin Market by Vertical, 2019 - 2022, USD Million
TABLE 73 Mexico Supply Chain Digital Twin Market by Vertical, 2023 - 2030, USD Million
TABLE 74 Rest of North America Supply Chain Digital Twin Market, 2019 - 2022, USD Million
TABLE 75 Rest of North America Supply Chain Digital Twin Market, 2023 - 2030, USD Million
TABLE 76 Rest of North America Supply Chain Digital Twin Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 77 Rest of North America Supply Chain Digital Twin Market by Enterprise Size, 2023 - 2030, USD Million
TABLE 78 Rest of North America Supply Chain Digital Twin Market by Component, 2019 - 2022, USD Million
TABLE 79 Rest of North America Supply Chain Digital Twin Market by Component, 2023 - 2030, USD Million
TABLE 80 Rest of North America Supply Chain Digital Twin Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 81 Rest of North America Supply Chain Digital Twin Market by Deployment Mode, 2023 - 2030, USD Million
TABLE 82 Rest of North America Supply Chain Digital Twin Market by Vertical, 2019 - 2022, USD Million
TABLE 83 Rest of North America Supply Chain Digital Twin Market by Vertical, 2023 - 2030, USD Million
TABLE 84 Key information – IBM Corporation
TABLE 85 Key Information – Oracle Corporation
TABLE 86 Key Information – sap se
TABLE 87 Key Information – Dassault Systemes SE
TABLE 88 Key Information – Kinaxis, Inc.
TABLE 89 Key information – Schneider Electric SE
TABLE 90 Key Information – Siemens AG
TABLE 91 Key Information – AnyLogic North America, LLC
TABLE 92 Key Information – Simio LLC
TABLE 93 Key Information – Logivations GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Supply Chain Digital Twin Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Supply Chain Digital Twin Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Feb – 2023, May ) Leading Players
FIG 8 Porter’s Five Force Analysis: Supply Chain Digital Twin Market
FIG 9 North America Supply Chain Digital Twin Market share by Enterprise Size, 2022
FIG 10 North America Supply Chain Digital Twin Market share by Enterprise Size, 2030
FIG 11 North America Supply Chain Digital Twin Market by Enterprise Size, 2019 - 2030, USD Million
FIG 12 North America Supply Chain Digital Twin Market share by Component, 2022
FIG 13 North America Supply Chain Digital Twin Market share by Component, 2030
FIG 14 North America Supply Chain Digital Twin Market by Component, 2019 - 2030, USD Million
FIG 15 North America Supply Chain Digital Twin Market share by Deployment Mode, 2022
FIG 16 North America Supply Chain Digital Twin Market share by Deployment Mode, 2030
FIG 17 North America Supply Chain Digital Twin Market by Deployment Mode, 2019 - 2030, USD Million
FIG 18 North America Supply Chain Digital Twin Market share by Vertical, 2022
FIG 19 North America Supply Chain Digital Twin Market share by Vertical, 2030
FIG 20 North America Supply Chain Digital Twin Market by Vertical, 2019 - 2030, USD Million
FIG 21 North America Supply Chain Digital Twin Market share by Country, 2022
FIG 22 North America Supply Chain Digital Twin Market share by Country, 2030
FIG 23 North America Supply Chain Digital Twin Market by Country, 2019 - 2030, USD Million
FIG 24 SWOT Analysis: IBM Corporation
FIG 25 SWOT Analysis: Oracle Corporation
FIG 26 SWOT Analysis: SAP SE
FIG 27 SWOT Analysis: Dassault Systemes SE
FIG 28 SWOT Analysis: Kinaxis, Inc.
FIG 29 Recent strategies and developments: Schneider Electric SE
FIG 30 SWOT Analysis: Schneider Electric SE
FIG 31 Recent strategies and developments: Siemens AG
FIG 32 SWOT Analysis: Siemens AG
FIG 33 SWOT Analysis: AnyLogic North America, LLC
FIG 34 SWOT Analysis: Simio LLC
FIG 35 SWOT Analysis: Logivations GmbH