Global Digital Twin Industry was valued at USD 2.41 Billion in the year 2017. Global Digital Twin Industry is further estimated to grow at a CAGR of 36.86% from 2017 to reach USD 27.49 Billion by the year 2025.
North America region holds the highest Industry share in 2017 and Asia-Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, developed Industries like the U.S.
and emerging Industries like China with highest population base holds a notable Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.
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Major market players in Digital Twin Industry are IBM Corporation, Microsoft Corporation, General Electric, SAP SE, Dassault Systèmes, Siemens, Bosch GmbH, Oracle Corporation, ANSYS Inc., AT&T, and other 10 more companies detailed information is provided in report. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
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SWOT Analysis of Digital Twin Industry:
Adoption of IoT in design and manufacturing industries
Maintaining Data Security
Technological advancements in the automotive sector
Lack of availability of technical expertise
Segmentation done on the basis of Industry Sector includes Electronics & Electrical, Manufacturing, Retail, Automotive, Aerospace and Defense, Healthcare, Energy, and Utilities; of which the Manufacturing segment is expected to hold the highest Industry share during the forecast period.
Digital Twin industry Segmentation:
By Industry Sector:
- • Electronics & Electrical
- • Manufacturing
- • Retail
- • Automotive
- • Aerospace and Defense
- • Healthcare
- • Energy and Utilities
- • Others
- • USA
- • Canada
- • Germany
- • U.K.
- • France
- • Italy
- • Rest of Europe
- • China
- • India
- • Japan
- • Rest of Asia-Pacific
- • Latin America
- • Middle East & Africa
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