Digital Twin Market drivers of growth analysed in a new research report - PowerPoint PPT Presentation

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Digital Twin Market drivers of growth analysed in a new research report

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More Information @ Digital Twin Market size is influenced by the increasing need to improve business performance in terms of process optimization, cost efficiency, and time-to-market and rising adoption of smart technologies such as IoT and big data. As the technology can offer a virtual outlook of any product, at any stage of the its lifetime, it is expected to be adopted at a significant rate over the forecast period. – PowerPoint PPT presentation

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Title: Digital Twin Market drivers of growth analysed in a new research report


1
Digital Twin Market trends research and
projections for 2017-2024 Global Market Insights
Inc.
2
Regional Analysis of Digital Twin Market
  • With increasing adoption of industrial IoT in the
    U.S., North America is expected to hold a
    significant share of the digital twin market over
    the forecast period. With increasing
    industrialization in emerging economies such as
    India and China, the demand for digital twin
    technology is expected to significantly increase
    in the Asia Pacific region, leading to a robust
    market growth.
  • Digital twin is an emerging digital profile of a
    process or a physical product representing its
    functional and behavioral characteristics used
    for performance optimization. The technology has
    enabled the convergence of the real and the
    virtual world through real-time digital
    representations of physical products that can
    extend to every stage of the product development
    lifecycle right from idea generation to
    commercialization. Such digital models simulate
    the objects in a live setting enabling enhanced
    product examination and process optimization. Due
    to its significant potential to improve
    enterprise decision making, digital twin has been
    recognized as one of the top strategic technology
    trends in 2017.

3
Application Analysis of Digital Twin Market
  • Some of the key applications of digital twin
    technology are observed in the areas of retail,
    manufacturing, healthcare, automobile and
    industrial IoT. In the manufacturing sector, the
    throughput time can be significantly reduced by
    adopting digital twin technology to improve the
    efficiency of the manufacturing process flow and
    optimize it. In the automobile sector, virtual
    models of connected vehicles can be designed to
    analyze the performance of the vehicle and to
    provide the customers with a customized
    experience. In the healthcare sector, the digital
    twin market will enable personalized healthcare
    delivery and efficient patient monitoring by
    leveraging data from associated IoT platforms.
    Implementing the technology for industrial
    applications can largely facilitate effective
    monitoring, tracking, and control of various
    industrial systems and processes digitally. With
    the ability of predicting future anomalies,
    digital twin market technology can aid in
    operational planning for the industrial
    applications resulting in time and cost savings.

4
Browse Full Market Research Report On Digital
Twin Market _at_ http//bit.ly/2jejG2I
Request for an in-depth table of contents
for this report _at_ https//www.gminsights.com/reque
st-toc/upcoming/2196
5
Market research reports Key analytical components
6
Competitive Market Share of Digital Twin Market
  • Some of the key players operating in the digital
    twin market are General Electric, IBM, Oracle,
    Dassault, PTC, Ansys, Siemens, SAP, Sight
    Machine, TIBCO Software, ATT, Infosys,
    TwinThread, Prodea System, Cosmo Company Sas,
    Autodesk, SimScale, DIGITAL TWIN, Concirrus,
    Computer Science Corporation, and Bosch.

7
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