Dassault Systemes eyes India revenue of $1 bn by 2027

Dassault Systèmes aims for $1 billion revenue from India by 2027, with virtual twin technology gaining popularity post-pandemic.

Dassault Systèmes, the technology arm of Paris-based Dassault Group, on Monday that it was expecting a revenue of $1 billion from India by 2027.

Responding to a query on the company’s business focus on India, Dassault Systemes CEO Pascal Daloz said, ‘‘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 also said the company has a revenue target of $1 billion from the Indian market by 2027. Dassault Systemes globally posted a revenue of close to 7 billion euros in 2023.

Dassault Systemes offers virtual twin technology for a wide range of industries including airplane manufacturing, drug, clinical trial, and medical devices and healthcare, automotive/EV manufacturing, education and consumer goods. Virtual twin enables multiple iterations of a product, solution or platform to perfect it without requiring to spend much money,human labour and time.

A twofold increase in virtual twin implementations post-pandemic: study

A study jointly released by Dassault Systemes and Nasscom among 130 mid-sized (with annual recurring revenue (ARR) of $500 million and above) enterprises across India as well as across Europe and APAC found that there was a twofold increase in virtual twin implementations post-pandemic.

Presenting the highlights of the report, Sangeeta Gupta, Senior Vice President and Chief Strategy Officer, Nasscom said virtual twin adoption in India could be crucial in accelerating the design-to-realisation process, helping organisations achieve their sustainability and circularity goals across the value chain.