Global Digital Twin Market 2021-2025

SKU ID : TNV- 17550970

Publishing Date : 02-Mar-2021

No. of pages : 120

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  • Global Digital Twin Market 2021-2025
    Researcher has been monitoring the digital twin market and it is poised to grow by $ 24.81 bn during 2021-2025 progressing at a CAGR of 39% during the forecast period. Our report on digital twin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
    The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the industry 4.0 and industrial IoT, increase in demand for predictive maintenance and real-time data for monitoring, and need for reduced time-to-market and improved decision-making. In addition, Industry 4.0 and industrial IoT is anticipated to boost the growth of the market as well.
    The digital twin market analysis includes end-user segment, deployment segment, and geographical landscapes.
    Researcher's digital twin market is segmented as below:
    By End-user
    • Manufacturing
    • Energy and utilities
    • Aerospace and defense
    • Automotive
    • Others
    By Deployment
    • On-premise
    • Cloud
    By Geographical Landscapes
    • North America
    • Europe
    • APAC
    • MEA
    • South America
    This study identifies the use of AI in digital twin as one of the prime reasons driving the digital twin market growth during the next few years. Also, increasing traction in the healthcare sector and emergence of process twins will lead to sizable demand in the market.
    Researcher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on digital twin market covers the following areas:
    • Digital twin market sizing
    • Digital twin market forecast
    • Digital twin market industry analysis
    Researcher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital twin market vendors that include General Electric Co., Honeywell International Inc., International Business Machines Corp., Kongsberg Gruppen ASA, Microsoft Corp., Oracle Corp., PTC Inc., SAP SE, Siemens AG, and Wipro Ltd.. Also, the digital twin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
    The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
    Researcher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Researcher's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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