Olivia S. asked 2 years ago
Global digital twin market is projected to grow from $ 3.1 billion in 2022 to $ 17.4 billion by 2031, exhibiting a CAGR of more than 33%, on account of rising adoption of Industrial Internet of Things (IIoT) and use of virtual model for production line & automate the decision process. Some of the other factors expected to drive global digital twin market include rising adoption of connected devices and Industry 4.0, which refers to the application of mining and data analytics in manufacturing technologies. Moreover, rising technology demand in diverse sectors including energy & utilities, consumer goods and transportation would fuel digital twin market, globally, through 2024.
Objective of the Study:
- To define, classify and forecast global digital twin market on the basis of application, end use sector, region and company.
- To analyze and forecast global digital twin market size
- To scrutinize the detailed market segmentation and forecast the market size on the basis of end user sector by segmenting global digital twin market into various end-use sectors, namely, manufacturing, transportation, energy & utilities, healthcare, consumer goods and others (aerospace & defense, agriculture, etc.)
- To scrutinize the detailed market segmentation and forecast the market size on the basis of regions, namely, Asia-Pacific, South America, North America, MEA and South America.
- To identify the drivers and challenges for the global digital twin market.
- To strategically profile the leading players operating in global digital twin market.
Download Sample of This Strategic Report: https://www.sdki.us/sample-request-77208
Some of the leading players in global digital twin market include General Electric Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, PTC Inc., ANSYS, Inc., Dassault Systemes, Siemens AG, Bosch Software Innovation Gmbh and SAP SE.
Key Target Audience:
- Digital Twin Software Providers and other stakeholders
- IoT Vendors
- End users of Digital Twin such as Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods and Others Application or Software Developers, Entrepreneurs, Digital Twin Software Integrators
- Associations, Organizations, Forums and Alliances associated with Digital Twin Technology & Start ups Government bodies such as regulating authorities and policy makers
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as digital twin software providers, procurers, customers and policy makers. The report would enable the stakeholders in identifying which market segments should be targeted in the coming years and accordingly strategize investments and capitalize on the growth opportunities.
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