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Digital twin market research report by 2021 to 2027

The Digital twin market research report analysis from recent past with an eye on coming years in this report that also offers projections Digital twin industry targeted at helping in business decisions.

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Digital twin market research report by 2021 to 2027

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  1. Digital twin market trends research and projections for 2021- 2027 • A research study conducted by Global Market Insights, Inc., suggests that digital twin marketis likely to exceed the $50 billion mark by 2027, in terms of revenue. 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. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  2. Market Segmentation:- • 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. • 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. Increasing digitalization of manufacturing, healthcare, and automobile sectors due to the growing adoption of Industry 4.0 will drive the use of digital twin systems in machine and equipment health monitoring solutions. • Digital twin companies are entering into strategic alliances and are collaborating with public organizations to steer development. For example, in July 2020, PTC Inc. inked a partnership with Tata Technologies to extend digital transformation technologies to the manufacturing sector. The digital transformation technology includes Digital Twin and AR/VR systems for smart manufacturing. This alliance has helped the firm provide sustainable technology along with expanding its market position. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/2196 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  4. Regional Analysis • 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. • Competitive Analysis • Some of the major companies functioning in the digital twin market include ABB Group, Accenture Plc, Ansys Inc., Autodesk Inc., AVEVA Inc., Bentley Systems, Incorporated, Bosch Rexroth AG, Capgemini SE, Dassault Systèmes, General Electric Company, IBM Corporation, Infosys Ltd., Microsoft Corporation, Oracle Corporation, PTC Inc., Rockwell Automation, SAP SE, SAS Institute, Schneider Electric Inc., Siemens AG, TIBCO Software Inc., and Wipro Ltd. Request for Customization @ https://www.gminsights.com/roc/2196 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  5. Latest Research Report On Digital Twin market @ https://www.gminsights.com/industry-analysis/digital-twin-market Request for sample of this research report@ https://www.gminsights.com/request-sample/detail/2196 Request for customization: https://www.gminsights.com/roc/2196 © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  6. Stay In Touch You can visit us at: www.gminsights.com Thank You…! © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com www.gminsights.com

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