Press release
Digital Twin Market 2018 Global Key Players: General Electric, IBM, Microsoft, Oracle Corporation, Cisco Systems, Dassault
Market Highlights:Digital twin basically is integration of machine learning, artificial intelligence and software analytics. It helps in creating a digital replica of the physical assets, systems and processes. Currently digital twin technology is extensively used for designing and repairing of airplanes and turbines. Digital twin technology has been around since 2002 and it’s all because of internet of things. Digital twin technology proves to be very cost effective and hence helps in providing better and cost effective solutions for industrial manufacturing.
The global digital twin market is expected to grow with fastest growing CAGR due to rising adoption of IoT and cloud platforms, and increasing deployment of IIOT for design and manufacturing of products by the companies. According to a recent study report published by the Market Research Future, The global market of digital twin is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017-2023.
Digital Twin is a kind of virtual model used to create digital replica of physical assets, process and services. The digital replica then used for the analysis of future impact of data and monitoring systems thereby develop new opportunities using simulation methods.
Request a Sample report @ https://www.marketresearchfuture.com/sample_request/4504
Major Key Players
General Electric (U.S.),
IBM Corporation (U.S.),
Microsoft Corporation (U.S.),
Oracle Corporation (U.S.),
Cisco Systems, Inc. (U.S.),
PTC, Inc. (U.S.),
Ansys, Inc. (U.S.),
Dassault Systèmes (France),
Siemens AG (Germany),
Robert Bosch GmbH (Germany) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global digital twin market. While, some other providers across the world are Allerin Tech Pvt Ltd., Altair Engineering, Inc., Amazon Web Services, Aucotec AG, Autodesk Inc., CADFEM GmbH, Computer Science Corporation, CoSMo Company SAS, DNV GL AS, FEINGUSS BLANK GmbH, Prodea System Inc., SAP SE, Siemens AG, Sight Machine Inc., TIBCO Software Inc., Toshiba Corporation, and Virtalis Limited and others.
The Digital Twin Market is growing rapidly over 37% of CAGR and is expected to reach at approx. USD 15 Billion by the end of forecast period.
Industry News:
February, 2018 – Huawei has launched the Intent-Driven Network solution to fill the gap of physical network and business goals by creating a digital twin. This solution helps in providing information of unknown attacks.
March, 2018 – Bombardier, a leading a manufacturer of trains and aircraft, went into partnership with Siemens to expand and optimize their product development processes along with digital twin development cycle. It offers high quality of information within an integrated execution strategy.
February, 2018 – General Electric went into partnership with Noble Corporation plc to launch a new product which is digital drilling vessel to enhance drilling experience. This is considered to be the advanced digital solution for offshore drilling operations. Along with digital twin and advanced analytics can easily detect off-standard behavior and inform early warning to operators.
Digital Twin Global Market - Competitive Analysis
The market of digital twin appears to be highly competitive. To maintain the market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
Regional Analysis
North America is dominating the global digital twin market with the largest market share due to increased popularity of cloud based platform and growing demand of analytical tools and spatial data is gaining demand in digital twin market in these region, and is expected to gain growth by 2023. Global digital twin market in European market is expected to grow at a substantial high CAGR during 2016 to 2023 due to advancement in smart technology. The Asia Pacific market for digital twin market is expected to grow at a considerable CAGR (2016-2023).
Browse Complete Report @ https://www.marketresearchfuture.com/reports/digital-twin-market-4504
Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Original equipment manufacturers (OEMs)
• Government Bodies
• Global Digital Twin Providers
• Organizations, associations and alliances related to digital twin analytics
• Industry associations
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Twin Market 2018 Global Key Players: General Electric, IBM, Microsoft, Oracle Corporation, Cisco Systems, Dassault here
News-ID: 1051471 • Views: …
More Releases from Market Research Future
Robotics Market Growth Outlook 2025-2035 with a Strong 18.42% CAGR
The Robotics Market report provides detailed insights into the market trends, competitive landscape, growth factors, and opportunities across global regions.
Robotics Market Overview:
The Robotics Market is witnessing exceptional growth driven by rapid automation across industries, advancements in artificial intelligence, and increasing demand for efficiency and precision in operations. Robotics technologies are transforming manufacturing, healthcare, logistics, defense, and service sectors by enabling higher productivity, accuracy, and safety. The Robotics Market Size was…
SCADA Market Forecast: Industry to Expand from USD 12,953.28 Million in 2025 to …
The SCADA Market report provides detailed insights into the market trends, competitive landscape, growth factors, and opportunities across global regions.
SCADA Market Overview:
The SCADA Market is experiencing strong growth as industries increasingly adopt automation, real-time monitoring, and centralized control systems to improve operational efficiency and reliability. Supervisory Control and Data Acquisition (SCADA) systems are essential for monitoring, controlling, and analyzing industrial processes across utilities, manufacturing, oil & gas, and infrastructure sectors.…
Power Electronics Market Revenue to Surpass USD 75 Billion by 2035 Amid Electrif …
The Power Electronics Market report provides detailed insights into the market trends, competitive landscape, growth factors, and opportunities across global regions.
Power Electronics Market Overview:
The Power Electronics Market is witnessing consistent growth due to rising demand for efficient power conversion, electrification of transportation, and rapid adoption of renewable energy systems. Power electronics play a critical role in controlling and converting electrical power in applications ranging from consumer electronics to industrial automation…
Data Center UPS Market Size Poised for Robust Growth Amid Rising Global Data Inf …
The Data Center UPS Market report provides detailed insights into the market trends, competitive landscape, growth factors, and opportunities across global regions.
Data Center UPS Market Overview:
The Data Center UPS Market is witnessing strong growth driven by the rapid expansion of data centers, increasing cloud adoption, and the critical need for uninterrupted power supply to ensure operational continuity. Data center UPS systems play a vital role in protecting sensitive IT infrastructure…
More Releases for Digital
Digital luxury brands Market Is Booming Worldwide | Major Giants Balenciaga Digi …
HTF MI recently introduced Global Digital luxury brands Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Digital luxury brands Market are:
Balenciaga Digital, Louis Vuitton Digital, Gucci Digital, Dolce & Gabbana DGFamily, Prada Virtual,…
Introducing Digital Sales Pro, Inc: Revolutionizing Digital Sales in the Digital …
Digital Sales Pro, Inc. is a company that helps content creators and publishers make money from content and reach a larger audience with their craft.
In today's world, it can be tough for content creators and publishers to make money and connect with their audience.
At, Digital Sales Pro, Inc. we understand these challenges and have created a suite of solutions that help our clients build a strong online presence, monetize…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
Introduction
The healthcare industry has seen significant growth and development over the years, with technology playing a critical role in transforming patient care. One such innovative technology that has emerged in recent years is the Global Digital Twin in Healthcare Market. This technology allows healthcare professionals to create a virtual replica of a patient's physical self, enabling them to monitor and analyze patient data in real-time. The Global Digital Twin in…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
In 2021, the market for Digital Twin in Healthcare worldwide was worth $6.75 billion US dollars. AMR Group projects that the market will reach US$ 96.5 billion by 2031, growing at a CAGR of 40 percent between 2022 and 2031.
Industry Overview
Digital twins are virtual copies of physical objects or things that data scientist & IT professionals can use to compute simulations prior to developing and deploying the original devices. Digital…
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant…
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect.
Get Sample Copy of this Report -…
