Press release
Digital Twin Market 2021 Major Key Players and Industry Analysis Till 2030
Global Digital Twin Market was valued US$ 1.56 Bn in 2017 and is expected to reach US$ 17.54 Bn by 2026, at a CAGR of 35.32% during a forecast period.The global digital twin market based on end-user, application, and region. In terms of end-user, the digital twin market is classified into aerospace & defense, automotive & transportation, home & commercial, electronics & electricals/machine manufacturing, energy & utilities, healthcare, and retail & consumer goods. Based on application, the digital twin market is categorized into dynamic optimization, predictive maintenance, machine & equipment health monitoring, and product design & development. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Rising demand for cloud-based platforms and the growing popularity of internet of things (IoT) are major factors driving the growth of digital twin market. Increase in the demand for cost-effective solutions for industrial manufacturing is another major factor fuelling the growth of the digital twin market. The dominant use of industrial internet of things for manufacturing and designing is one major factor driving the growth of digital twin market. The major restraint that is faced by the digital twin market is managing all the design files for the digital twin among the suppliers and the distributors. Posing a challenge to the market for digital twin technology, on the other hand, is the frequent cyber-attacks.
Download Research Sample with Industry Insights @ https://www.trendsmarketresearch.com/report/sample/11402
Global Digital Twin Market
Based on end-user, home and a commercial segment are the largest market share in 2017. Increasing demand for connected vehicles is anticipated to drive the segment in the coming years. Digital twins are deployed in the automobile sector for creating virtual models of a connected vehicle and capture the operational/behavioral data and evaluate the overall performance of the vehicle. The retail and consumer goods segment is also anticipated to witness a significant CAGR.
In terms of region, North America region holds the largest market share of digital twin market followed by Europe and the Asia Pacific. The factors that attribute to growth are the rising adoption of the IoT technology by several large and medium scale organizations. The use of a digital twin market helps in developing the overall operational performance.
Enquire for Discount Or Get Customization of Report @ https://www.trendsmarketresearch.com/checkout/11402/Single
Some of the key players in the global digital twin market are General Electric Company, SAP SE, Forbesindia.com, Siemens Ltd., Tibco Software Inc., Microsoft Corporation, and Schnitger Corporation.
Scope of the Global Digital Twin Market
Global Digital Twin Market by End-User
• Aerospace & Defense
• Automotive & Transportation
• Home & Commercial
• Electronics & Electricals/Machine Manufacturing
• Energy & Utilities
• Healthcare
• Retail & Consumer Goods
Global Digital Twin Market by Application
• Dynamic Optimization
• Predictive Maintenance
• Machine & Equipment Health Monitoring
• Product Design & Development
Global Digital Twin Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Get Up to 10 % Discount on single User @ https://www.trendsmarketresearch.com/report/discount/11402
Key Players operating in the Global Digital Twin Market
• General Electric Company
• SAP SE
• Forbesindia.com
• Siemens Ltd.
• Tibco Software Inc.
• Microsoft Corporation
• Schnitger Corporation
• PTC
• Alphabet Inc.
• Dell
• Bosch Software Innovations GmbH
• Cisco Systems, Inc.
• CSC
• AT&T
Address: One Vincent Square, Westminster, London SW1P 2PN, UK
Phone:+44-745-128-6161
Email: sales@trendsmarketresearch.com
Trends Market Research has the distinguished objective of providing the optimal quality market research reports to clients. Our market research studies by products, services, applications, technologies, end users, and market players for global, regional, and country level market segments, enable our clients to know more, see more, and do more, which further help answer the important questions you have about the industry. Our Research Analysts are eager to share their knowledge and assist you in making strategic decisions and to lead you company toward a greater endeavour. We bridge the gap between our clients and their clients by identifying and decoding just the target group, while generating leads with the highest accuracy.
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 Twin Market 2021 Major Key Players and Industry Analysis Till 2030 here
News-ID: 2533040 • Views: …
More Releases from Trends Market Research
Germany In Vitro Fertilization (IVF) Market size receive overwhelming hike in Re …
The Germany IVF market was valued at $398 million in 2018 and is estimated to reach $541 million by 2026, registering a CAGR of 3.9% during the analysis period.
In vitro fertilization (IVF) is a process that includes fertilization of egg cells outside the body. It is one of the widely known infertility treatment across the clinical industry. The technique is based on assisted reproductive technology and is employed in the…
Advanced Driver Assistance Systems (ADAS) Market Estimated size be driven size I …
Advanced driver assistance systems are intelligent systems which are installed in the vehicle to assist the driver with safe and comfortable driving experience. These systems are used to provide vital information such as traffic congestion level, suggested routes, blockage & closure of roads ahead, and others. In addition, ADAS is also used to analyze the fatigue and distraction of human driver and make precautionary alerts to make suggestions regarding same…
UK Cold Chain Logistics Market Set size Surge Significantly During 2030
The UK cold chain logistics market size was valued at $4.55 billion in 2018 and is projected to reach $24.37 billion by 2026, registering a CAGR of 23.6% from 2019 to 2026. The meat, fish, and sea food segment accounted for the highest share in 2018 and is anticipated to exhibit remarkable growth rate during the forecast period.
Adoption of cold chain logistics plays a crucial role in avoiding the wastage…
Europe 5G Infrastructure Market size Reflect Impressive Growth Rate during 2030
The Europe 5G infrastructure market size was valued at $147.5 million in 2018 and is projected to reach $27.74 billion by 2026, growing at a CAGR of 96.2% from 2019 to 2026. 5G is fifth generation cellular technology, which consists of hardware component manufacturer, technology enablers, and telecom operators that facilitate 5G connections, operations, communication, supervision, and management of an enterprise network. 5G speed assures stronger connectivity, which creates seamless…
More Releases for Digital
Introducing Digital Sales Pro, Inc: Revolutionizing Digital Sales in the Digital …
Digital Sales Pro, Inc. is a company that helps content creators and publishers make money from content and reach a larger audience with their craft.
In today's world, it can be tough for content creators and publishers to make money and connect with their audience.
At, Digital Sales Pro, Inc. we understand these challenges and have created a suite of solutions that help our clients build a strong online presence, monetize…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
Introduction
The healthcare industry has seen significant growth and development over the years, with technology playing a critical role in transforming patient care. One such innovative technology that has emerged in recent years is the Global Digital Twin in Healthcare Market. This technology allows healthcare professionals to create a virtual replica of a patient's physical self, enabling them to monitor and analyze patient data in real-time. The Global Digital Twin in…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
In 2021, the market for Digital Twin in Healthcare worldwide was worth $6.75 billion US dollars. AMR Group projects that the market will reach US$ 96.5 billion by 2031, growing at a CAGR of 40 percent between 2022 and 2031.
Industry Overview
Digital twins are virtual copies of physical objects or things that data scientist & IT professionals can use to compute simulations prior to developing and deploying the original devices. Digital…
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant…
Digital Advertising on Mobil Market Analysis 2019 Top Growing Companies: Adverti …
Digital Advertising on Mobil Market
Digital Advertising on Mobile Market is a type of advertising that shows that mobile devices such as smart phones and tablets have wireless connectivity. For mobile devices with fewer lenses than computers or laptops, digital media formats are often the most suitable for small displays through outputs. Telephone advertising is the communication of products or services of mobile devices and consumers. Telephone announcements range from…
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect.
Get Sample Copy of this Report -…
