Press release
Incredible Demand of Global Digital Twin Market 2020-2027 Including Top Players like General Electric, IBM, PTC, Microsoft Corporation, Siemens AG, Ansys, SAP, Oracle, Robert Bosch
Digital twin is commonly called as the digital replica of living or non-living physical entity. Digital twin is a type of IoT (Internet of Thing). It is a virtual model of process, product, and service. Digital twin is used for the data analysis, and system monitoring. Digital twin represents the convergence of the virtual and the physical world where each industrial product will get dynamic representation.Increase in demand for IoT, Artificial Intelligence in various industries like Aerospace & Defense, Automotive and transportation will rise the demand for digital twin, in near future. Increase in research and development activities such as 3D printing is expected to boost the growth of global digital twin marker. For instance, In January 2019, Siemens Ag had launched new 3D additive manufacturing process with digital twin software. This new technology expected to grow global digital twin market in this forecast period. Inadequate It infrastructures in developed countries is the major restraining factor for the market, which is expected to hamper the growth of global digital twin market.
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In the report, the global Digital Twin market has been analyzed through a segmental perspective. The market segmentation allows a deeper understanding of the market hotspots. This section of the report includes a forecast analysis of the all the segments along with historic valuation. A regional and country-level analysis of the market is also available in the report, which covers North America, South America, Europe, Asia Pacific (APAC), Africa and the Middle East. The market is analyzed thoroughly in each region, which allows identification of region-specific market trends, impediments, and growth opportunities.
Global Digital Twin Market Key Competitors
Various key competitors are discussed in the global digital twin market report including General Electric, IBM, PTC, Microsoft Corporation, Siemens AG, Ansys, SAP, Oracle, Robert Bosch, and SWIM AI
Global Digital Twin Market Taxonomy
By Types
• Part Digital Twin
• Product Digital twin
• System Digital Twin
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By Technology
• IoT and IIot
• Blockchain
• Artificial Intelligence and Machine Learning
• Big Data Analytics
• Augmented Reality, Virtual Reality, and Mixed Reality
By End Users
• Aerospace & Defense
• Automotive & Transportation
• Electronics and Electrical Machine Manufacturing
• Healthcare
• Retail
• Energy & Utilities
• Home & Commercials
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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About Us
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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