Press release
Digital Twin Market 2021 SWOT Analysis and Key Business Strategies by Leading Players – ANSYS, Inc., Cal-Tek SRL, Cityzenith Inc., General Electric Company, IBM Corporation
MarketInsightsReports provides in-depth insights on the global Digital Twin market in its report titled, “Global Digital Twin Market Trends, Size, Applications, Analysis, Growth, and Forecast 2016 to 2026. The market has been studied for historic years from 2016 to 2020, with the base year of estimation as 2020 and forecast from 2021 to 2026. The report provides in-depth insights, revenue details, and other vital information regarding the market structures, and the various trends, competitive landscape of industry, drivers, restraints, opportunities, and threats till 2026.The Digital Twin Market is expected to register a CAGR of around 35.0%, during the forecast period 2021 to 2026.
Get a Sample PDF of the report @
https://www.marketinsightsreports.com/reports/05202906336/digital-twin-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=130
The Digital Twin market report offers intuitive and comprehensive information respecting the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global Digital Twin market report has been segmented on the basis of product type, product application, and region.
Top Key Players in the Global Digital Twin Market:
ANSYS, Inc., Cal-Tek SRL, Cityzenith Inc., General Electric Company, IBM Corporation, Lanner Group Limited (Royal Haskoning DHV), Mevea Ltd., Microsoft Corporation, Rescale, Inc., SAP SE
Industry News and Development:
- March 2019 - Lanner Group Limited launched WITNESS Horizon, Version 22.5, an advanced version of its digital twin solution to make predictive aggregation and visualization of business data, with the objective to achieve better investment plans for its client organizations.
- February 2019 - Rescale, Inc. became a partner with Siemens PLM to offer its digital twin solution on Siemens Simcenter Rescale’s ScaleX cloud platform. This partnership is expected to provide a seamless offering of digital twin solutions on a cost-effective cloud platform.
Market Scope
- In the recent years, digital twin technology has found a place in various industries such as manufacturing, energy & power, aerospace, oil & gas, automobile, and others, offering advanced testing and measurement solution on a real-time basis.
- Additionally, digital twins technology helps in improving physical product design for the entire product lifecycle through pre-analysis of the actual product in its development stage. In industrial internet of things (IIoT), digital twin technology find out error and changes of large machinery equipment through its analytic software connected with IoT components such as smart sensors and networks.
Market Segmentation by Type
Parts Twin
Product Twin
Process Twin
System Twin
Market Segmentation by Application
Aerospace and Defense
Automotive and Transportation
Machine Manufacturing
Energy and Utilities
Others
Browse A detailed study report @
https://www.marketinsightsreports.com/reports/05202906336/digital-twin-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=130
Key Market Trends
Surge in Adoption of 3D Printing Technology in Manufacturing Anticipated to Fuel the Demand
- 3D printing technology has already brought revolutionary changes in the manufacturing industry through its fast model building capability and flexible printing materials. With the introduction of digital twin technology, the advantage of 3D printing has gone even more ahead in various manufacturing industries such as automotive, aerospace, medical and utility industries. Vendors in the market, are involved in partnerships and collaborations to integrate their 3D printing capability with digital twin technology, where they are targeting to lower the production and manufacturing cost through pre-testing and predictive analysis of goods.
North America is the Major Market for Digital Twin Technology
- The IoT industry in aerospace, automotive and manufacturing is mainly dominated by North America. This region has developed economies such as the US and Canada, where massive investments are found in R&D activities, thus contributing to the development of new technologies such as smart sensors, edge analytics, 3D printing, and digital twin.
- With the early adoption of innovative technologies, such as mobility, Big Data, IoT, AI, and others, manufacturers are eager to integrate IoT and digital twin technology into their manufacturing processes.
Regions Covered in the Global Digital Twin Market:
The Digital Twin Market research report includes a detailed study of regions of North America, Europe, Asia, and South America. The report has been curated after observing and studying various factors that calculate regional growth such as the economic, environmental, social, technological, and political status of the particular region. Our analysts have studied the data of revenue, sales, and manufacturers of each region in-depth. This section examines region-wise revenue and volume for the forecast period of 2015 to 2026 which will help the reader to understand the potential worth of investment in a particular region.
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
The Digital Twin report has been assembled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative estimation by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
Purchase a Report@
https://www.marketinsightsreports.com/report/purchase/06223008451?mode=su?Mode=130
The report is curated into understandable forms and includes Pie Chart, Graphs and Figures, tables, and many more for business intelligence to scrutinize the data making it comprehensible to reveal the hidden trend into the figures. Moreover, the report covers the sales and revenue insights of the historic period (2016-2020) and also reflects the anticipated trends in the forthcoming years.
Reasons to buy:
-Procure strategically important competitor information, analysis, and insights to construct functional R&D strategies.
-create effective counter-strategies to gain competitive advantage and recognize emerging players with potentially strong product portfolio
-segregate potential new clients or partners in the target demographic.
-Develop tactical initiatives by understanding the focus areas of major companies.
-Plan mergers and acquisitions meritoriously by recognizing Top Manufacturer.
-construct corrective measures for pipeline projects by understanding Digital Twin depth.
-Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to boost and enlarge business potential and Scope.
- Updated and the latest data report will be delivered to you.
- Build regional and country strategies on the basis of local data and analysis.
Major Points from Table of Contents:
- Introduction
- Research Methodology
- Executive Summary
- Digital Twin Market by Type
- Digital Twin Market by Application
- Digital Twin Market by Route of Administration
- Digital Twin Market by Region
- Competitive Landscape
- Company Profiles
We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
If you have any special requirements, please let us know and we will offer you the report as you want.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply-chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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