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Digital Twin Market Share, Trend & Growth Forecast to 2027

Europe has emerged as a key revenue pocket for digital twin market due to the wide penetration of IoT devices across the region as well as the presence of leading technology players like Wipro, Schneider Electric, PTC Inc., making hefty investments in research and development.

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Digital Twin Market Share, Trend & Growth Forecast to 2027

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  1. Digital Twin Market; Global Growth, Opportunities, Industry Analysis & Forecast to 2027

  2. Industry Insights: • The global digital twin market size has witnessed exponential growth owing to the rising demand for connected devices across various industry verticals coupled with the adoption of Industry 4.0. Use of big data analytics, cloud platform, and IoT in various industries will support the adoption of the digital twin technology. Big data analytics helps industries to manage and analyze data that are generated from IoT sensors, data gained from AI in real-time, or historical data. • By leveraging digital twin technology, companies can improve product lifecycles, streamline maintenance services, and process optimization. The surging digitization trend across various organizations with their transition towards cloud-based solutions will drive growth of digital twin market.

  3. Concerning end-use, digital twin finds key application in the automobile industry. Rise in purchasing power among people has steered the need for automobiles, encouraging manufactures to produce advanced automotive solutions. Digital twin creates a replica of automobile parts, equipment and helps automobile OEMs to monitor, stimulate and improve the performance of their vehicles. Surging number of autonomous cars with many leading automobile brands like Tesla introducing novel technology has generated huge chunks of data that will drive the use of digital twin systems. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2196 • The need to reduce asset downtime, quicken fault diagnosis, and enhance the performance of the products will complement the digital twin market in the machine and equipment health monitoring segment.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/digital-twin-market Chapter 5 Digital Twin Market, By Application 5.1 Key trends, by application 5.2 Product design & development 5.2.1 Market estimates and forecast, 2016 – 2027 5.3 Machine & equipment health monitoring 5.3.1 Market estimates and forecast, 2016 – 2027 5.4 Process support and service 5.4.1 Market estimates and forecast, 2016 – 2027

  5. Chapter 6 Digital Twin Market, By End-use 6.1 Key trends, by end-use 6.2 Manufacturing 6.2.1 Market estimates and forecast, 2016 – 2027 6.3 Healthcare 6.3.1 Market estimates and forecast, 2016 – 2027 6.4 Automotive 6.4.1 Market estimates and forecast, 2016 – 2027

  6. Region: • Europe has emerged as a key revenue pocket for digital twin market due to the wide penetration of IoT devices across the region as well as the presence of leading technology players like Wipro, Schneider Electric, PTC Inc., making hefty investments in research and development.

  7. Key Players • Robert Bosch GmbH • ABB Group • Bentley Systems • Siemens AG

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