Paris-based technology firm Dassault Systèmes has set its sights on India, aiming to achieve $1 billion in revenue from the Indian market by 2027.
The company, known for its expertise in virtual twin technology, sees India as a key growth area due to the country's rapid adoption of digital technologies and increasing demand for advanced simulation and modeling solutions.
Virtual Twins: The Future of Indian Manufacturing
Dassault Systèmes' CEO, Pascal Daloz, emphasized the significance of virtual twins in the Indian context. "India is a fast-growing market for virtual twins, and in the virtual world, we can simulate and evaluate the impact of our actions before making them real," he said.Virtual twins are digital replicas of physical products, processes, or systems. They allow companies to test and optimize designs, simulate real-world scenarios, and predict performance before investing in physical prototypes. This can lead to significant cost savings, faster time-to-market, and improved product quality.
Dassault Systèmes' virtual twin technology has applications across a wide range of industries, including aerospace, pharmaceuticals, automotive, education, and consumer goods. The company's diverse portfolio and strong reputation in the virtual twin space position it well to capitalize on the growing demand for these technologies in India.
Study Reveals Increased Adoption of Virtual Twins in India
A recent study conducted by Dassault Systèmes and Nasscom, India's leading IT industry association, revealed a twofold increase in virtual twin implementations in India post-pandemic.The study, which surveyed 130 mid-sized enterprises across India, Europe, and APAC, highlighted the growing importance of virtual twins in accelerating the design-to-realization process, achieving sustainability goals, and improving product-market fit.
Despite the growing interest in virtual twins, the study also identified some challenges. Many Indian companies still allocate a relatively small portion of their technology budget to digital spending, and the adoption of virtual twins remains patchy, with many implementations limited to specific functions and not integrated across the value chain.
However, the report also highlighted the significant potential for virtual twins to drive innovation and efficiency in India. With increasing government support for digital initiatives and a growing awareness of the benefits of virtual twins among Indian businesses, Dassault Systèmes is optimistic about its ability to achieve its ambitious revenue target by 2027.
