Dallas, TX -- (SBWire) -- 10/08/2018 --The "Global Digital Twin Market Report" gives a clear understanding of the current market situation which includes of antique and projected upcoming market size based on technological growth, value and volume, projecting cost-effective and leading fundamentals in the Global Digital Twin market. Global Digital Twin industry report is to recognize, explain and forecast the Global Global Digital Twin industry based on various aspects such as explanation, application, organization size, distribution mode, region. The Global Digital Twin Market report purposefully analyses every sub-segment regarding the individual growth trends, contribution to the total market, and the upcoming forecasts.
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.
Top 5 suppliers took up about 80% of the global market in 2016. GE, PTC, Siemens, Dassault Systèmes, which have leading technology and market position, are well-known suppliers around the world. Other players, like SAP and Mackevision from Germany, Toshiba from Japan, Huawei from China, Cybernet Systems from Canada, TCS (Partner of Dassault Systèmes) from India, Altair from the USA, etc., are also said the new players of Digital Twin technology in 2017.
USA is the largest market of Digital Twin in the world in the past few years and it will keep increasing in the next few years. USA market took up about 56% the global market in 2016, while Europe was about 43%.
China, Japan, India and S. Korea, etc. are now the key developing market of Digital Twin in the future while they are all just at the beginning of digital twin technology. There are few vendors to have digital twin technology, and the Chinese market is still much smaller than the USA. Chinese AVIC have signed an agreement with French Dassault Systèmes to develop the digital twin in Jun. 2017.
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Over the next five years, It is projected that Digital Twin will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Digital Twin market by product type, application, key companies and key regions.
To calculate the market size, It is considered value generated from the sales of the following segments:
Segmentation by product type:
Parts Twin
Product Twin
System Twin
Segmentation by application:
Aerospace & Defense
Automotive & Transportation
Machine Manufacturing
Energy & Utilities
Others
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
General Electric
PTC
Siemens
Dassault Systèmes
IBM Corporation
ANSYS
Microsoft Corporation
Oracle Corporation
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Some Points From Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global Digital Twin by Players
4 Digital Twin by Regions
5 Americas
6 APAC
7 Europe
8 Middle East & Africa
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Global Digital Twin Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 to 2023
Innovations in Technology will propel the Digital Twin Market Growth Further