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(Hosting-NewsWire.com, September 07, 2018 ) Digital Twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance. Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.
Global Digital Twin market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this particular industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the global market for Digital Twin. Collecting historical and recent data from various authentic resources, and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
Top 5 suppliers took up about 80% of the global market in 2016. GE, PTC, Siemens, Dassault Systèmes, which have leading technology and market position, are well-known suppliers around the world. Other players, like SAP and Mackevision from Germany, Toshiba from Japan, Huawei from China, Cybernet Systems from Canada, TCS (Partner of Dassault Systèmes) from India, Altair from the USA, etc., are also said the new players of Digital Twin technology in 2017.
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USA is the largest market of Digital Twin in the world in the past few years and it will keep increasing in the next few years. USA market took up about 56% the global market in 2016, while Europe was about 43%. China, Japan, India and S. Korea, etc. are now the key developing market of Digital Twin in the future while they are all just at the beginning of digital twin technology. There are few vendors to have digital twin technology, and the Chinese market is still much smaller than the USA. Chinese AVIC have signed an agreement with French Dassault Systmes to develop the digital twin in Jun. 2017.
Top Companies Profiled in this report includes, General Electric, PTC, Siemens, Dassault Systems, IBM Corporation, ANSYS, Microsoft Corporation, Oracle Corporation
The report explores and investigates the global Digital Twin market in a certain way by demonstrating the key parts of the market that are relied on the time frame. The major development drivers, restraints and opportunities that influence the market are analyzed at length. In addition to this, the report presents an intensive quantitative information relating to the market’s future.
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In the last sections of the report, the manufacturers responsible for increasing the sales in the market have been presented. These manufacturers have been examined in terms of their manufacturing base, basic information, and competitors. In addition, the technology and product type introduced by each of these manufacturers also form a key part of this section of the report. The recent developments that took place in the global Digital Twin market and their impact on the future growth of the market have also been presented through this study.
Table of Contents: Global Digital Twin Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023 1 Digital Twin Market Overview 2 Manufacturers Profiles 3 Global Digital Twin Market Competition, by Players 4 Global Digital Twin Market Size by Regions 5 North America Digital Twin Revenue by Countries 6 Europe Digital Twin Revenue by Countries 7 Asia-Pacific Digital Twin Revenue by Countries 8 South America Digital Twin Revenue by Countries 9 Middle East and Africa Revenue Digital Twin by Countries 10 Global Digital Twin Market Segment by Type 11 Global Digital Twin Market Segment by Application 12 Global Digital Twin Market Size Forecast (2018-2023) 13 Research Findings and Conclusion 14 Appendix
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