Digital Twin Market

1
Digital Twin Market Trends, Size, Share, Demands,
Overview, Growth, Revenue and Forecast to 2030
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2
Sternal Closure Systems Market Trends Forecast
Till 2030
Digital Twin Market by Power Source
(Battery-Powered, hardwired with battery backup,
Hardwired without battery backup), Type
(Photoelectric Smoke Detectors, Ionization Smoke
Detectors), Service, Distribution Channel, and
region (North America, Europe, Asia-Pacific,
Middle East, and Africa and South
America).
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in-market
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3
Market Overview
Digital twin technology has allowed businesses in
end-use industries to generate digital
equivalents of objects and systems across the
product lifecycle. The potential use cases of
digital twin technology have expanded rapidly
over the years, anchored in the increasing trend
of integration with internet-of-things  (IoT)
sensors. Coupled with AI and analytics, the
capabilities of digital twins are enabling
engineers to carry out simulations before a
physical product is developed. As a result,
digital twins are being deployed by manufacturing
companies to shorten time-to-market.
Additionally, digital twin technology is also
showing its potential in optimizing maintenance
costs and timelines, thus has attracted colossal
interest among manufacturing stalwarts, notably
in discrete manufacturing. The shift to
interconnected environments across industries is
driving the demand for digital twin solutions
across the world. Massive adoption of IoT is
being witnessed, with over 41 billion connected
IoT devices expected to be in use by
2030. Purchase this Report https//www.delvens
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Key Findings
The Digital Twin Market is segmented into
enterprise, platform, application, and
region The enterprise segment is further
segmented into Large Enterprises and Small
Medium Enterprises. Small Medium Enterprises
are expected to dominate the market during the
forecast period. The industry segment is further
segmented into Automotive Transportation,
Energy Utilities, Infrastructure, Healthcare,
Aerospace, Oil Gas, Telecommunications,
Agriculture, Retail, and Other Industries.
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Key Findings
The market is also divided into various regions
such as North America, Europe, Asia-Pacific,
South America, and Middle East and Africa. North
America is expected to hold the largest share of
the digital twin market throughout the forecast
period. The market is also divided into various
regions such as North America, Europe,
Asia-Pacific, South America, and Middle East and
Africa. North America is estimated to account for
the largest market share during the forecast
period. Inquire Before Buying
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tal-twin-market
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6
Competitive Landscape

• ABB
• AVEVA Group plc
• Dassault Systemes
• General Electric
• Hexagon AB
• IBM Corporation
• SAP
• Microsoft
• Siemens
• ANSYS
• PTC
• IBM

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Recent Developments
In April 2022, GE Research (US) and GE Renewable
Energy (France), subsidiaries of GE, collaborated
and developed a cutting-edge artificial
intelligence (AI)/machine learning (ML)
technology that has the potential to save the
worldwide wind industry billions of dollars in
logistical expenses over the next decade. GEs
AI/ML tool uses a digital twin of the wind
turbine logistics process to accurately predict
and streamline logistics costs. Based on the
current industry growth forecasts, AI/ML might
enable a 10 decrease in logistics costs,
representing a global cost saving to the wind
sector of up to USD 2.6 billion annually by
2030.  In March 2022, Microsoft announced a
strategic partnership with Newcrest. The mining
business of Newcrest would adopt Azure as its
preferred cloud provider globally, as well as
work on digital twins and a sustainability data
model. Both organizations are working together on
projects, including the use of digital twins to
improve operational performance and developing a
high-impact sustainability data model.
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8
Contact Information
About Us Delvens is a strategic advisory and
consulting company headquartered in New Delhi,
India. The company holds expertise in providing
syndicated research reports, customized research
reports and consulting services. Delvens
qualitative and quantitative data is highly
utilized by each level from niche to major
markets, serving more than 1K prominent companies
by assuring to provide the information on
country, regional and global business
environment. We have a database for more than 45
industries in more than 115 major countries
globally. Contact Us 44-20-3290-6466 1
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