Harrisburg, NC -- (SBWIRE) -- 10/12/2018 -- The Global Digital Twin Market was valued at USD 1.86 billion in 2016 and is projected to reach USD 32.36 billion by 2025, growing at a CAGR of 37.35% from 2017 to 2025.
Digital twin refers to a digital replica of physical assets, processes and systems that can be used for various purposes. A digital twin continuously learns and updates itself from multiple sources to represent its near real-time status, working condition or position. Benefits of using digital twin includes - reduce product defects and production costs, shorten time to market, extend the life of equipment and assets, efficient production control, optimization of operability, manufacturability and sustainability, continuous refinement of designs and models, and early discovery of system performance deficiencies.
Top Leading Companies are Siemens AG , Dassault Systemes , PTC, Inc. , Robert Bosch GmbH , IBM Corporation , Oracle Corporation , General Electric , SAP SE , Microsoft Corporation , ANSYS, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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This report provides a detailed analysis of the Digital Twin market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
The global Digital Twin market is segmented on the basis of process, end-use industry, and region.
Global Digital Twin Market, by End User:
-Oil & Gas
Global Digital Twin Market, by Application:
-Manufacturing Process Planning
Regions Covered are: North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America), Middle East & Africa.
Essential points covered in Global Digital Twin Market 2018 Research are:-
-What will the market size and the growth rate be in 2025?
-What are the key factors driving the global Digital Twin market?
-What are the key market trends impacting the growth of the global Digital Twin market?
-What are the challenges to market growth?
-Who are the key vendors in the global Digital Twin market?
-What are the market opportunities and threats faced by the vendors in the global Digital Twin market?
-What are the key outcomes of the five forces analysis of the global Digital Twin market?
This independent 132 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Digital Twin market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2025.
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Furthermore, the report provides a detailed analysis of the global Digital Twin market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the global Digital Twin market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
The research includes historic data from 2013 to 2017 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Digital Twin on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Digital Twin Market and assist manufacturers and investment organization to better grasp the development course of Digital Twin Market.
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 a SWOT analysis of the key vendors.
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