Home > Business > Digital Twin Market Augmented Expansion to be Registered by 2025

Digital Twin Market Augmented Expansion to be Registered by 2025

Added: (Fri Dec 14 2018)

Pressbox (Press Release) - Market Overview:

Digital twin technology represents virtual replica of physical assets, processes and systems to analyze the product development life cycle, right from the design phase to the deployment phase enabling organizations to have a complete digital foot print of their products. Digital twin provides an overall product visibility, it is an integrated collection of artificial intelligence, software analysis and machine learning. It is used in various industries. For instance, digital twin technology is used in building management, healthcare, smart cities, oil and gas, smart buildings and far more. Global digital twin market was valued, in 2017 USD XX million and in 2025 is expected to reach at XX million with growing CAGR of XX%.

Market Dynamics:

Rising demand of cost effective solutions for these industrial manufacturing is boosting the digital twin market. Increasing advancements in technology owing to which growing adoption of internet of things and increasing popularity of cloud platforms is also one of the major driver of the digital twin market.

Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124671/Digital-Twin-Market

Market Players:

Some of the key players operating in the digital twin market are Oracle, General Electric, Dassault, Sight Machine, Ansys, IBM, Siemens, SAP, Infosys, TIBCO Software, AT&T, Cosmo Company Sas, TwinThread, Prodea System, Autodesk, SimScale, DIGITAL TWIN, Concirrus, Bosch and Computer Science Corporation.

Market Segmentation:

The digital twin market is segmented based on application, software and geography. On the basis of application the digital twin market is segmented into manufacturing process planning, product design and other. Manufacturing process planning is expected to grow in the forthcoming years as there is need of digitalization for designing and manufacturing process of equipment such as transformers, generators, industrial equipment, motor, home electronic equipment and computer, Also digital twin reduces the product development time and cost for these industries. On the basis of software the market is segmented into APDV, Predix, DTS-Si and other.

On the basis of geography the market is segmented into North America, Latin America, Europe, Asia pacific and Middle East & Africa. It is seen that North America will dominate the market due to the rapid adoption of IoT enabled technology by medium and large scale enterprises to improve operational performance. Followed by North America, Europe will acquire the highest revenue share of digital twin market. Asia Pacific is expected to grow with high CAGR in the coming years, owing to increase in industrialization and urbanization.

Market segmented based on application:
- Manufacturing process planning
- Product design
- Other.

Market segmented based on software:
- APDV
- Predix
- DTS-Si
- Other

Request For TOC: https://www.researchreportinsights.com/report/TOC/120124671/Digital-Twin-Market

Market segmented based on region:
- North America
US
Canada
Mexico
- Europe
UK
Germany
France
Rest of Europe
- Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
- Latin America
Brazil
Rest of Latin America
- Middle East and Africa (MEA)
South Africa
Saudi Arabia
Rest of MEA

Report Analysis: https://www.researchreportinsights.com/report/upcomming/120124671/Digital-Twin-Market

About Us
Research Report Insights (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends

Contact Us:
Research Report Insights (RRI
42 Joseph Street
Port carling P0B 1J0
Muskoka, Ontario1
Phone - +1-631-721-4201
Website: https://www.researchreportinsights.com
Email: sales@researchreportinsights.com

Submitted by:BISHU
Disclaimer: Pressbox disclaims any inaccuracies in the content contained in these releases. If you would like a release removed please send an email to remove@pressbox.com together with the url of the release.