Digital Twin Market Insights - Global Analysis and Forecast by Major Key Players - GE, PTC, Siemens, Dassault Systemes

The Report mainly includes revenue, pricing and marketing of companies, types, applications, regions, etc.

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The digital twin market growth is due to the increasing adoption of the Internet of Things (IoT) and Industrial IoT (IIoT), a rapidly evolving global e-commerce landscape. With the rising need for cost-efficient operations and the increasing need to control & reduce supply chain, inefficiencies are contributing to boost the value of the market. The digital twin is a digital replica of the physical asset or environment, which helps in monitoring, analyzing a physical asset, and optimizing system & processes. The growing trend of Industry 4.0 coupled with the proliferation of smart connected devices, rising internet penetration, and 3D simulation modeling is anticipated to improve application of data analytics and mining in the manufacturing sector. Additionally, the digital twin facilitates effective tracking, monitoring, and optimization of industrial operations, resulting in cost & time savings in the manufacturing sector. The digital twin innovation is anticipated to enhance trending applications such as diagnostics, smart cities, and monitoring of traffic congestion due to its huge potential to improve product analysis, decision making, and process advancement.

The Global market of Digital Twin is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new LDI (Lilan Data & Info) study.

The regions of Digital Twin contain all Global market, especially in USA, Europe, China, Japan, South Korea and Other Regions.

Players include GE, PTC, Siemens, Dassault Systemes, IBM, ANSYS, Microsoft, Oracle, etc.

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Types cover System Twin, Process Twin, Product Twin, Parts Twin, etc. and applications cover Aerospace & Defense, Automotive & Transportation, Machine Manufacturing, Energy & Utilities, Other Applications, etc.

The unit in the report: Value--Million $. ($=USD)

There are 9 Chapters to deeply display the Global Digital Twin market.
Chapter 1, is definition and segment of Digital Twin;
Chapter 2, is executive summary of Digital Twin Market;
Chapter 3, to explain the industry chain of Digital Twin;
Chapter 4, to show comparison of companies for Digital Twin;
Chapter 5, to show comparison of types Digital Twin;
Chapter 6, to show comparison of regions Digital Twin;
Chapter 7, to show comparison of applications for Digital Twin;
Chapter 8, to forecast Digital Twin market in the next years;

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