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(Hosting-NewsWire.com, May 04, 2018 ) About Report:
Globalization has made companies to focus more on digitalization both in the business and consumer market places. Over the past few years, IoT has been reaching milestones in the world of technology and it has paved the path for the evolution of various new technologies for enterprises. Digital twin is one such technology which is changing the industry dynamics. Digital twin refers to simulation modules of a physical object.
The digital twin market is expected to grow at a CAGR of 24.7% during the forecast period 2017-2023.
The market is analyzed based on digital twin types, verticals, deployment type, applications, and regions. The digital twin types considered are product twin, part twin, process twin, and system twin, wherein the process and systems twins are at a high demand in the end-user industries owing to its wide functionalities.
The deployment type segment includes, cloud-based, on-premises, and hybrid. Currently, cloud deployment is expected to contribute a major share followed by the on-premises and hybrid during the forecast period 2017-2023.
To access the full table of contents of the report click below: Link to the table of contents: https://www.marketintelreports.com/report/ihr0017/digital-twin-market-global-drivers-restraints-opportunities-trends-and-forecasts-to-2023
The applications covered are business optimization, operation optimization, asset performance management, edge computing, cyber security, and others. The business and process optimizations are set to bring the innovations in the digital twin technology as they control supply chain loss and offer better lean manufacturing capabilities and data driven solutions to improve the productivity.
Regions and Vertical Analysis:
The regions covered in report are Americas, Europe, Asia Pacific, and ROW. Among these, Americas is expected to grow at a higher CAGR during the forecast period 2017-2023. The US, Canada, the UK, Germany, and Japan are expected to adopt more digital twin technologies, and Brazil, Switzerland, and Poland are the emerging countries for the digital twin technology adoption owing to the policy changes for the development of their manufacturing capabilities and the rising trend for spending on industrial digital technologies.
Digital twin is used across industries, such as manufacturing, power, oil & gas, BFSI, healthcare, aviation, smart cities, and others.
The manufacturing industry could receive a wide range of benefits from digital twin, from product designing to monitoring the plant operations, load forecasting, fleet dispatch, monitoring production losses, and expected delays in the production and others.
In aviation and power industries, digital twin is used to monitor the working of machines such as propellers, turbines, and others. Predictive diagnostics, asset condition monitoring, and finding new revenue streams are the popular functions of digital twin in the end-user industries.
Benefits and Vendors
The report contains an in-depth analysis of vendor profiles, which include financial health, business units, key business priorities, SWOT, strategy, and views; and competitive landscape. Digital twin technology is expected to change the way industries work by 2030 with its wide range of capabilities.
The report covers an in-depth analysis of Infosys, General Electric, Siemens, AT & T, IBM, and others.
To find out more of the report or request some customization: Link to the Inquiry before purchase: https://www.marketintelreports.com/inquiry-before-buying.php?id=ihr0017
The study offers a comprehensive analysis of the “Global Digital Twin Market”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions.
Table of Contents:
1 Industry Outlook 1.1 Industry Overview 1.2 Industry Trends 1.3 PEST Analysis 2 Report Outline 2.1 Report Scope 2.2 Report Summary 2.3 Research Methodology 2.4 Report Assumptions 3 Market Snapshot 3.1 Total Addressable Market 3.2 Segmented Addressable Market 4 Market Outlook 4.1 Overview 4.2 Porter 5 (Five) Forces 5 Market Characteristics 5.1 Evolution 5.2 Ecosystem 5.3 Market Segmentation 5.4 Market Dynamics 5.4.1 5.4.1 Drivers 5.4.1.1 Digitalization- a strategy to enhance productivity 5.4.1.2 Early warning, prediction, and optimization 5.4.1.3 Virtual marketing promotions 5.4.2 5.4.2 Restraints 5.4.2.1 Delay in implementing 3D design technologies 5.4.2.2 Interoperability and security 5.4.3 5.4.3 Opportunities 5.4.3.1 Cognitive digital twin 5.4.3.2 Expanding the boundaries of product design technologies 5.5 DRO – Impact Analysis 5.5.1 5.6 Market Trends 6 Deployment Type: Market Size and Analysis 6.1 Overview 6.2 Cloud 6.3 On-premises 6.4 Hybrid 7 Digital twin type: Market Size and Analysis 7.1 Overview 7.2 Part twin 7.3 Product twin 7.4 Process twin 7.5 System twin
To get the Full TOC click the link below
Complete report with Details @ https://www.marketintelreports.com/report/ihr0017/digital-twin-market-global-drivers-restraints-opportunities-trends-and-forecasts-to-2023
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Source: EmailWire.Com
Source: EmailWire.com
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