Press release
Digital Twin Market Size & Growth Analysis Report, 2019-2025
The global digital twin market size was valued at USD 2.26 billion in 2017 and is expected to expand at a CAGR of 38% from 2018 to 2025. Digital twins can be described as dynamic digital or virtual copies of physical assets or products. This technology is used in a number of end-use industries due to its potential to improve production layout, reduce operating costs, increase productivity of existing systems, and shorten Time to Market (TTM).A full report of Digital Twin Market is available at: https://www.orionmarketreports.com/vehicle-electrification-market/24526/
Market Coverage
• Market size available for years 2019–2025
• Base year considered 2018
• Forecast period 2019-2025
• Segments covered (By Application, By End-use )
Digital Twin Market Players
ABB Group; Hexagon Geosystems AG; PTC, Inc.; Dassault Systèmes; AVEVA Group plc; SAP SE; Schneider Electric SE; and Siemens AG are some of the leading companies in the market. These companies are coming up with innovative applications for the digital twin technology as part of the efforts to gain a competitive edge over their rivals. For instance, General Electric is using the technology to assess the operating life and determine the optimal maintenance intervals for critical jet engine components. These companies are trying to advance the technology to improve the success rates of product innovation and enhance organizational productivity by up to 25% or more.
Global Digital Twin Market Segmentation:
By Application
• Product Design and Development
• Machine and Equipment Health Monitoring
• Process Support and Service
By End-use
• Manufacturing
• Agriculture
• Automotive & Transport
• Energy & Utilities
• Healthcare & Life Sciences
• Residential & Commercial
• Retail & Consumer Goods
• Others
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Digital Twin Market Report
• What was the Digital Twin Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Thin Wafer Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Thin Wafer Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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