1 / 6

Digital Twin Market – Analysis and Forecast (2021-2027)

The surge in adoption of IoT, big data analytics and cloud platform, use of Industrial IoT for design and manufacturing, increasing adoption of the digital twin in Supply Chain Management, a possible decrease of time to market, cost-efficient operations, and exclusion of unplanned downtimes, innovations in the field of AR and VR will stimulate the growth of the digital twin market.

Research1
Download Presentation

Digital Twin Market – Analysis and Forecast (2021-2027)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Digital Twin Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Digital Twin Market The global digital twin market is expected to witness CAGR of 58.2% during the forecast period. The advancement of smart cities, mounting adoption of digital twin technology to enhance efficiency in resource management, economic development, reduce the ecological footprint and increase person’s life quality is stimulating the growth of the digital twin market. Digital twins aid in the planning and policymaking of smart cities by providing vital insights from the data collected via a network of sensors and intelligent systems. GE focuses on industrial infrastructure and by using digital twins they have focused on the life of an asset. Digital Twin is a vision and framework that differentiates GE from its competitors. GE Digital Twins' core expertise is physical domain and blends digital and physical assets and virtual sensors on assets.

  4. Global Digital Twin Market During the COVID-19 pandemic, the digital twin technology has provided companies to monitor the functioning of remotely placed equipment. The emphasis on the digitalization of processes across industrial verticals will further propel the growth of the global digital twin market. Based on industry vertical, the manufacturing industry is anticipated to have robust growth in the global digital twin market owing to the rising adoption of Industrial IoT like digital twin technology to design complex structures and determine the faults via AI and Machine Learning. This results in optimizing the product performance and enhances operational efficiency resulting in an increase in sales. Thus, the fast adoption of digital technologies and 3D printing technology in the manufacturing sector will spur the growth of the digital twin market.

  5. Global Digital Twin Market North America is anticipated to hold the largest market share in the digital twin market. This region is growing owing to the development of IT infrastructure and increasing penetration of 5G, AI, IoT, and ML in diverse industries like manufacturing, automotive & transportation, energy & unities, aerospace & defense. The healthcare industry in the region is widely adopting technology and is an early adopter of digital twin technology in the healthcare sector of the region. Some of the major players in the global Digital Twin Market market include Siemens, ANSYS, Inc, Microsoft, IBM, General Electric, Oracle, Bosch Sicherheitssysteme GmbH, PTC, DassaultSystemes, and SAP SE.

  6. For Sample Report :- https://www.vynzresearch.com/ict-media/digital-twin-market/request-sample www.vynzresearch.com

More Related