Digital Twin Market Latest Advancements and Business Outlook 2020-2025 - PowerPoint PPT Presentation

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Digital Twin Market Latest Advancements and Business Outlook 2020-2025


Declining time and cost of product development and unplanned downtime with the adoption of digital twins, increasing adoption of emerging technologies such as IoT and cloud, and growing use of digital twin for predictive maintenance are among the factors fuelling the growth of the digital twin market. Furthermore, leading players adopt strategies such as product launches and developments to strengthen their market position. – PowerPoint PPT presentation

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Date added: 11 June 2020
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Title: Digital Twin Market Latest Advancements and Business Outlook 2020-2025

MarketsandMarkets Presents

COVID-19 impact on the Digital Twin
Market Digital Twin Market by Technology, Type
(Product, Process, and System), Industry
(Aerospace Defense, Automotive
Transportation, Home Commercial, Healthcare,
Energy Utilities, Oil Gas), and Geography -
Global Forecast to 2025 https//www.marketsandmar
The digital twin market is estimated to grow
from USD 3.8 billion in 2019 to USD 35.8 billion
by 2025, at a CAGR of 45.4. Factors driving the
demand for digital twin include the growing
adoption of emerging technologies such as IoT and
cloud for the implementation of digital twin and
promising prospect of digital twin in industries
such as healthcare, aerospace defense, and
automotive transportation. Browse 51 market
data Tables and 44 Figures spread through 132
Pages and in-depth TOC on "Digital Twin Market -
Global Forecast to 2025"
Digital Twin Market for Automotive
Transportation to account for largest size of
market from 2019 to 2025 Automotive
transportation is expected to be the key end-user
industry for digital twin market. This industry
is growing rapidly due to the increasing usage of
digital twins for designing, simulation,
maintenance, repair, and overhaul, production,
and after service. Moreover, the automotive
transportation industry is the early adopter of
technologies, and there is a rising demand for
connected devices in this sector owing to the
advancements such as connected cars autonomous
cars, which, in turn, boosts the growth of the
market. Ask PDF Brochure https//www.marketsandm Digita
l Twin market for system digital twin to boost
demand for market during forecast period System
digital twin is expected to hold the largest
share of the digital twin market during the
forecast period.  This growth is attributed to
the increasing demand for system digital twin
type from several industries as a system digital
twin is a collection of assets/products and
processes that together perform as a system- or
network-wide function, such as an oil gas
refinery/plant, a production line in a factory,
an assembly line, a traffic network, a wind farm,
a hospital, and a country. A system twin provides
visibility into a set of interdependent equipment.
Digital Twin Market in North America to hold
largest share of market from 2019 to 2025 North
America held the largest share of the overall
digital twin market in 2018, and APAC is likely
to exhibit the highest CAGR during the forecast
period. Major factors driving the growth of the
market in North America is due to the strong
economic infrastructure and significant presence
of digital twin vendors in the region. Moreover,
increasing RD activities in the field of IoT and
IIoT, and growing demand for efficient and
cost-effective technologies for product
manufacturing are the factors driving the market
in this region.
  • Key Market Players
  • Key players in the market include General
    Electric (US), IBM (US), PTC (US), Microsoft
    Corporation (US), Siemens AG (Germany), ANSYS
    (US), SAP (Germany), Oracle (US), Robert Bosch
    (Germany), and SWIM.AI (US).
  • Request Free Sample Pages
  • https//
  • Digital Twin Market By Technology
  • IoT IIoT
  • Blockchain
  • Artificial Intelligence Machine Learning
  • Augmented Reality, Virtual Reality, and Mixed
  • Big Data Analytics
  • 5G
  • Digital Twin Market By Industry
  • Aerospace Defense
  • Automotive Transportation
  • Home Commercial
  • Healthcare

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