openPR Logo
Press release

Digital Twins Market Growth 2020-2025: Sap Se, Tibco Software Inc., Sight Machine Inc., Siemens Ag, Virtalis Limited

10-29-2020 05:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Wise Guy Research Consultants Pvt Ltd

/ PR Agency: Wise Guy Research Consultants Pvt Ltd
Digital Twins Industry

Description

The global digital twin market size has reached to a greater extent and is anticipated to record a robust CAGR in the coming years. The digital twin is considered as a dynamic digital replica of a product, process, system, or facility, that can be easily used for various purposes such as to create a bearable environment for offering a better digital experience for customers. The digital twin technology, as a trending note, is gaining substantial traction due to its potential to create a link between the physical world and the virtual world.

As per the reports, healthcare and life sciences, aerospace and defense, automotive and transport, manufacturing, and energy and utilities are some top-grossing end-use industries to advantage the digital twin technology over the years. Involvement of these industries is making the most of the adoption of the technology, which is boosting the market considerably. The digital twin technology assists in enhancing efficiency, augment productivity, ensure cost-efficient operations, and streamline the processes., which makes it reliable to all the industries. As a case, supposedly in hospitals, the officials can create a digital twin of their systems as a part of their traction to gauge the impact of changes and thus, can ensure a safer environment in hospitals. At the same time, for instance, a surgeon can also create a digital twin of the heart and study it before heading towards heart surgery. Thus, the technology of digital twin has helped companies to adopt it and make their processes more robust and reliable.

Request for Sample Report @ https://www.wiseguyreports.com/sample-request/3249048-digital-twins-global-market-outlook-2017-2026

More to add, the digital twin facilitates the function of active tracking, monitoring, and optimizing the industry operations, which eventually results in cost & time savings in the manufacturing sector. Therefore, it has been observed that the innovation of digital twin technology is anticipated to enhance the trending applications such as diagnostics, smart cities, and monitoring of traffic congestion with the help of its potential to improve analysis of a product, decision making and advancement in the process. These factors are numbered to be impactful to the growth of the market during the assessment period.

Additionally, the key factor facilitating the growth of the digital twin market is the rising need to control the inventory shrinkage in the supply chains. As per the report, the primary four sources of inventory shrinkage, especially in the retail sector are shoplifting, employee theft, supplier fraud, and paperwork errors. As a highly effective technology, it can increase the profit margins of SMEs and thus, the demand of such a modern digital twin system in the retail sector is accounted to increase over the forecast period and would contribute to the market growth remarkably.

In the study, the global digital twin technology market is also expected to bring lucrative opportunities during the assessment period with the inclusion of AI (Artificial Intelligence) that would provide numerous benefits to retailers in the coming years. The benefits would be the elimination of repetitive tasks, cost reduction, maintaining schedule, and many more. With this, the factors in consideration of rising investment in the automotive sector with a rise in the number of vehicles are expected to increase in the foreseeable years. These are some of the prime factors that are continuously surging the global digital twin technology market growth, which could lead to high valuation in the future as well.

Leave a Query @ https://www.wiseguyreports.com/enquiry/3249048-digital-twins-global-market-outlook-2017-2026



Table of Content

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Digital Twins Market, By Technology

6 Global Digital Twins Market, By Application

7 Global Digital Twins Market, By End User

8 Global Digital Twins Market, By Geography

9 Key Developments

10 Company Profiling
10.1 Sap Se
10.2 Tibco Software Inc.
10.3 Sight Machine Inc.
10.4 Siemens Ag
10.5 Virtalis Limited
10.6 Robert Bosch Gmbh
10.7 Ibm Corporation
10.8 Prodea System Inc.
10.9 Toshiba Corporation
10.10 Microsoft Corporation
10.11 Oracle Corporation
10.12 General Electric
10.13 Aucotec Ag
10.14 PTC Inc.
10.15 Dassault Systemes
10.16 Amazon Web Services
10.17 Computer Science Corporation
10.18 Dnv Gl As
10.19 Autodesk Inc.
10.20 Cosmo Company Sas
10.21 Ansys Inc.
10.22 Feinguss Blank Gmbh
10.23 Cadfem Gmbh
10.24 Allerin Tech Pvt Ltd
10.25 Altair Engineering Inc.

Buy Now @ https://www.wiseguyreports.com/checkout?currency=one_user-USD&report_id=3249048

Continued...

Addres: Wise Guy Research Consultants Pvt Ltd Pune – 411028 Maharashtra, Global Ph: +91 841 198 5042 https://www.wiseguyreports.com

About Us:
Wise Guy Reports Is Part Of The Wise Guy Consultants Pvt. Ltd. And Offers Premium Progressive Statistical Surveying, Market Research Reports, Analysis & Forecast Data For Industries And Governments Around The Globe. Wise Guy Reports Features An Exhaustive List Of Market Research Reports From Hundreds Of Publishers Worldwide. We Boast A Database Spanning Virtually Every Market Category And An Even More Comprehensive Collection Of Market Research Reports Under These Categories And Sub-Categories.

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 Twins Market Growth 2020-2025: Sap Se, Tibco Software Inc., Sight Machine Inc., Siemens Ag, Virtalis Limited here

News-ID: 2176359 • Views: 578

More Releases from Wise Guy Research Consultants Pvt Ltd

Auto Dealer Software Market Growth 2020-2025: Cox Automotive, CDK Global, RouteO …
Auto Dealer Software Industry Description Wiseguyreports.Com Adds “Automotive dealer software -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025” To Its Research Database Automotive dealer software is a kind of software which is mainly used in the automotive aftermarket. The automotive dealer software can help dealers or distributors to increase sales and margins, make smarter and faster inventory decisions and reduce returns etc. Automotive dealer software market kept growing in recent
IT Vendor Risk Management Market Growth 2020-2025: Security Scorecard, BitSight, …
IT Vendor Risk Management Industry Description Wiseguyreports.Com Adds “IT vendor risk management (VRM) -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025” To Its Research Database IT vendor risk management (VRM) is the process of ensuring that the use of external IT service providers and other IT vendors (third parties) does not create unacceptable potential for business disruption or have a negative impact on business performance. IT VRM solutions
Tube and Sheet Drills Market Growth 2020-2025: RUKO GmbH, Karnasch, G and J Hall …
Tube and Sheet Drills Industry Description Wiseguyreports.Com Adds “Tube and Sheet Drills -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025” To Its Research Database Tube and sheet drills are similar to step drills but do not have steps, instead they are a smooth conical shape and can be used for drilling incremental diameters by plunging to the correct depth (e,g, 6.1mm, 6.3mm, 8.4mm). The report on the global Tube and
Non-Alcoholic Malt Beverages Market Growth 2020-2025: Asahi Breweries, Suntory H …
Non-Alcoholic Malt Beverages Industry Description Wiseguyreports.Com Adds “Non-Alcoholic Malt Beverages -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2025” To Its Research Database The consumption of high levels of alcohol can lead to several diseases, thus putting life at risk. This awareness among consumers, globally, has led a significant proportion of the population in shifting their preference towards healthier alternatives, more so the woman population, thus contributing to the overall

All 5 Releases


More Releases for Digital

Advanced Digital Marketing Course
Digilearnings is introducing a practical learning based course which is the most trending and interesting course currently i.e. ADMC ( advanced digital marketing course). Advanced Digital marketing course is specially designed by the professionals of Digilearnings to help students who want to make their career in the Digital Marketing field. The team of Digilearnings has specially designed this course by keeping in mind the growing sector of Digital Marketing. The Advanced Digital Marketing
Digital Radiography – Digitizing Healthcare
Increasing health consciousness and growing awareness about the same are leading to higher footfalls in diagnostic laboratories. This is contributing towards overall growth of diagnostics market. Furthermore, digitization in healthcare sector is easing patient diagnosis, providing accurate and faster test results. X-ray being the most conventional and effective diagnostic tool, digitization in the X-ray system has gained a strong foothold in diagnostic laboratories across the globe. Also, with more research
Room Sensors Become Digital
The EE10 room sensors from E+E Elektronik measure accurately the relative humidity and temperature in commercial and residential buildings. Besides existing versions with analogue outputs, the devices are now also available with Modbus RTU or BACnet interface, which facilitates integration into modern climate control systems. The functional enclosure allows for fast and easy installation. The EE10 room sensors family includes models for humidity and temperature measurement as well as for temperature
Digital Twin
Innovations in sciences and technological advances will drive the development of different types of sensors. The demand for sensors in industries is increasing as they offer various advantage such as low cost and low power consumption. Publisher’s market study identifies the developments in sensor technologies and communication devices to be one of the primary growth factors for the digital twin market. Also, these sensors aid in enterprise mobility, remote monitoring,
Digital Currency & Cryptocurrency – A New Digital Future
Digital currency, also known as Digital money, is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific Digital community. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined Digital currency in its guidance published in 2013. In 2014, the European Banking Authority defined Digital currency as “a digital representation of
TrendSights Analysis: Digital Consumption: Understanding digital culture
"The Report TrendSights Analysis: Digital Consumption: Understanding digital culture provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The overall time spent consuming digital content has already surpassed all other media sources altogether (TV, radio, print), which represents a new shift in the way consumers are engaging with digital consumption. In order not to be excluded from the digital world, brands are developing