Press release
Digital Twin Market is estimated to reach USD 142.09 billion by 2030 : Cognitive Market Research
Digital Twin Market is estimated to reach USD 142.09 billion by 2030 : Cognitive Market Research
- A digital twin is a virtual representation of a physical object, process, or system. It uses data and algorithms to simulate and model the behaviour, performance, and characteristics of the physical entity in real time or over time. The digital twin can be used to monitor, optimize, and control the physical entity and can provide insights into how the entity will perform under different conditions. Digital twins are used in various industries, including manufacturing, transportation, healthcare, and energy.
Summary:
• The Global Digital Twin Market is projected to grow at a CAGR of 34.5% during the forecast period of 2023-2030.
• The growing development of IoT and Industry 4.0 is the major driving factor for the growth of the Digital Twin market.
• North America accounted for the largest market share in the Global Digital Twin Market.
"To know more The Digital Twin Market statistics click here: https://www.cognitivemarketresearch.com/digital-twin-market-report
Market Dynamics:
- The growing deployment of cloud and IoT technologies and the increasing development of Industry 4.0 is anticipated to increase the growth of the digital twin market. Furthermore, the increasing adoption of 3D Simulation and 3D Printing Software is anticipated to propel the growth of the market.
Market Segmentation:
End-use:
• Manufacturing
• Agriculture
• Automotive & Transport
• Energy & Utilities
• Healthcare & Life Sciences
• Residential & Commercial
• Retail & Consumer Goods
• Aerospace
• Telecommunication
• Others
Solution:
• Component
• Process
• System
Enterprise:
• Large Enterprises
• Small & Medium Enterprises
Application:
• Product Design & Development
• Machine and Equipment Health Monitoring
• Process Support & Service
The Major Players in Digital Twin Market are:
ABB Group, Hexagon Geosystems AG, PTC Inc, Dassault Systèmes, AVEVA Group plc, SAP SE, Schneider Electric SE, Siemens AG
Get free sample pages of latest published Digital Twin Report:
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Regional Analysis:
- North America is a leading region of the Digital Twin market.
North America holds the major market share of the digital twin market. this is attributed to the Asia Pacific is projected to register the fastest growth during the forecast period owing to the presence large number of automotive and manufacturing industries and the rising proliferation of connected devices.
News:
- AVEVA Launched Enhanced Digital Twin with Wearable Scanning and Robust Document Control
In May 2022, AVEVA has announced that its engineering information management solutions, the core of its digital twin, now deliver greater time and value gains for capital projects and operations. With the seamless integration of AVEVA Point Cloud Manager and AVEVA Asset Information Management in the cloud, visualizing asset information with real-time data has never been faster or easier.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Digital Twin Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary
Chapter 4 Global Digital Twin Market Overview
• 4.1 Introduction
• 4.2 Global Digital Twin Market Statistics by Regions (2018-2030)
4.2.1 North America Digital Twin Status and Prospect (2018-2030)
4.2.2 Europe Digital Twin Status and Prospect (2018-2030)
4.2.3 Asia Pacific Digital Twin Status and Prospect (2018-2030)
4.2.4 Latin America Digital Twin Status and Prospect (2018-2030)
4.2.5 Middle East and Africa Digital Twin Status and Prospect (2018-2030)
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Digital Twin Market by Solution Segmentation Analysis (2018-2030)
Chapter 9 Global Digital Twin Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Digital Twin Market by End-use Segmentation Analysis (2018-2030)
Chapter 11 Global Digital Twin Market by Enterprise Segmentation Analysis (2018-2030)
Chapter 12 Global Digital Twin Market Regional Analysis
Chapter 13 North America Digital Twin Market Outlook (2018 - 2030)
Chapter 14 Europe Digital Twin Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Digital Twin Market Outlook (2018 - 2030)
Chapter 16 Latin America Digital Twin Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Digital Twin Market Outlook (2018 - 2030)
Chapter 18 Research Findings
To know more Digital Twin Market TOC click here: https://www.cognitivemarketresearch.com/digital-twin-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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