Digital Twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance.
Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes—reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.
The global Digital Twins market size is projected to reach US$ 19480 million by 2026, from US$ 3203.4 million in 2020, at a CAGR of 35% during 2021-2027.
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The following players are covered in this report:
- General Electric
- PTC
- Siemens
- Dassault Systemes
- IBM Corporation
- ANSYS
- Microsoft Corporation
- Oracle Corporation
Digital Twins Breakdown Data by Type
- Parts Twin
- Product Twin
- Process Twin
- System Twin
Digital Twins Breakdown Data by Application
- Aerospace & Defense
- Automotive & Transportation
- Machine Manufacturing
- Energy & Utilities
- Others
A full report of Global Digital Twin Market is available at: https://www.orionmarketreports.com/digital-twin-market/48001/
Scope of the Report
The research study analyzes the global Digital Twin industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Digital Twin Market Report
1. What was the Digital Twin Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Digital Twin Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Digital Twin Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
