Building Twin Market Projected to Reach USD 24.0 Billion by 2032

The Building Twin Market was valued at USD 2.1 billion in 2024 and is projected to reach USD 24.0 billion by 2032, with a CAGR of 35.24% from 2025 to 2032. Digital twins are being rapidly adopted by construction and real estate companies for real-time monitoring, predictive maintenance, and energy efficiency optimization, driven by smart city initiatives and sustainability goals.

In the U.S., the Building Twin Market is expected to grow from USD 0.3 billion in 2024 to USD 3.8 billion by 2032, fueled by the adoption of smart building technologies, IoT, and AI for real-time data analytics. Government support for energy-efficient construction further boosts demand for digital twin solutions.

The software segment dominated the Building Twin Market in 2024 with a 64% share, offering integrated real-time monitoring and predictive capabilities. The facility management segment led the market, while the smart automation segment is expected to record the fastest CAGR due to advancements in AI, IoT, and machine learning.

Commercial buildings accounted for 45% of the Building Twin Market revenue in 2024, driven by increased adoption in office spaces and retail hubs. The industrial segment is projected to witness the fastest CAGR, with automation in manufacturing plants and logistics centers driving growth.

North America led the Building Twin Market in 2024, with a 41% revenue share, while the Asia Pacific region is expected to witness the fastest CAGR due to urbanization, construction growth, and smart city investments. The market is driven by digital transformation, automation focus, and energy efficiency goals.

SNS Insider is a leading market research agency providing clients with accurate market data and consumer insights to make informed decisions. Their research covers a wide range of industries and global markets, using various techniques like surveys, video talks, and focus groups to deliver actionable insights.

Read more at GlobeNewswire: Building Twin Market to Reach USD 24.0 Billion by 2032,