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Digital twin market to grow at 32.73% CAGR by 2021 scrutinized in new research

IT Market Research

A titled “Digital Twin Market’ added by Research Trades offers an in-depth analysis of the Digital Twin market. The report also includes a discussion of the key vendors operating in this market.

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The Digital Twin market report presented study is an extensive analysis of the Digital Twin market and provides significant data such as market share, size, and growth. The analysts forecast global digital twin market to grow at a CAGR of 32.73% during the period 2017-2021.

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Key players in the global digital twin market: General Electric, Microsoft, PTC, and Siemens. Other Prominent Vendors in the market are: Oracle, IBM, ANSYS, Bosch Software Innovations, and SAP.

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The latest trend gaining momentum in the market is Industrial Internet revolution. IIoT is a combination of big data analytics and IoT.

It offers huge opportunities to organizations across sectors such as agriculture, healthcare, manufacturing, mining, oil and gas, and transportation.

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According to the digital twin market report, one of the major drivers for this market is Developments in sensor technologies and communication devices. Innovations in science and engineering, as well as advances in technology related to sensors, has led to the development of different types of sensors.

As these sensors have various advantages such as low power consumption and prices, their demand is increasing. IT has become an integral part of industrial automation because of automation of several industrial processes.

Opportunities for IT players will be significant as industries embrace IoT.

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Digital twins integrate technologies such as machine learning, M2M, artificial intelligence (AI), predictive analytics, and sensor telemetry to create digital clones of physical machines and idealized digital simulation models that evolve based on the data collected from real-world instances. Digital twins are digital copies of physical assets including all their modeled characteristics and behaviors.

This can also include the effects of aging and repeated usage on a physical object over a period of time. A digital twin is designed by 3D modeling a physical object, which is activated using sensors that have data collected from sensors of the physical object.

Table of Contents

PART 01: Executive Summary

PART 02: Scope of The Report

PART 03: Research Methodology

PART 04: Introduction
Market Outline

PART 05: Market Landscape
Market Ecosystem
Market Characteristics
Market Segmentation Analysis

PART 06: Market Sizing
Market Definition
Market Sizing 2016
Market Size and Forecast 2016-2021

PART 07: Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threat of New Entrants
Threat of Substitutes
Threat of Rivalry
Market Condition

PART 08: Market Segmentation by Deployment
Segmentation by Deployment
Comparison by Deployment
On-Premises - Market Size and Forecast 2016-2021
Cloud-Based - Market Size and Forecast 2016-2021
Market Opportunity by Deployment

PART 09: Customer Landscape

PART 10: Market Segmentation by End-User
Segmentation by End-User
Comparison by End-User
Aerospace - Market Size and Forecast 2016-2021
Automotive - Market Size and Forecast 2016-2021
Energy - Market Size and Forecast 2016-2021
Home Automation - Market Size and Forecast 2016-2021
Manufacturing - Market Size and Forecast 2016-2021
Others - Market Size and Forecast 2016-2021
Market Opportunity by End-User

PART 11: Regional Landscape
Geographical Segmentation
Regional Comparison
Americas - Market Size and Forecast 2016-2021
Emea - Market Size and Forecast 2016-2021
Apac - Market Size and Forecast 2016-2021
Market Opportunity

PART 12: Decision Framework

PART 13: Drivers and Challenges
Market Drivers
Market Challenges

PART 14: Market Trends
Industrial Internet Revolution
Evolution of Iiot
Growing Adoption of Cloud-Based Services

PART 15: Vendor Landscape
Competitive Scenario

PART 16: Vendor Analysis
Vendors Covered
Vendor Profiles

PART 17: Appendix
List of Abbreviations

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