Digital twins integrate technologies such as machine learning, M2M, artificial intelligence (AI), predictive analytics, and sensor telemetry to create digital clones of physical machines and idealized digital simulation models that evolve based on the data collected from real-world instances. Digital twins are digital copies of physical assets including all their modeled characteristics and behaviors. This can also include the effects of aging and repeated usage on a physical object over a period of time. A digital twin is designed by 3D modeling a physical object, which is activated using sensors that have data collected from sensors of the physical object.
Research analysts forecast the global digital twin market to grow at a CAGR of 32.73% during the period 2017-2021.
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Key vendors
- General Electric
- Microsoft
- PTC
- Siemens
Research report, Global Digital Twin Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Covered in this report
The report covers the present scenario and the growth prospects of the global digital twin market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of hardware and software products used to develop and implement digital twin technology, which is deployed on-premises and on the cloud.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Other prominent vendors
- Oracle
- IBM
- ANSYS
- Bosch Software Innovations
- SAP
Market driver
- Developments in sensor technologies and communication devices
- For a full, detailed list, view our report
Market challenge
- High costs of implementation
- For a full, detailed list, view our report
Market trend
- Industrial Internet revolution
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Companies Mentioned:
General Electric, Microsoft, PTC, and Siemens, Oracle, IBM, ANSYS, Bosch Software Innovations, and SAP.
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