Global Digital Twins Market Outlook 2017-2026, With an Expected CAGR of 36.6% - ResearchAndMarkets.com

DUBLIN--()--The "Digital Twins - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the publisher, the Global Digital Twins Market is accounted for $2.37 million in 2017 and is expected to reach $39.39 million by 2026 growing at a CAGR of 36.6% during the forecast period.

Factors such as increasing adoption of IoT and Cloud platforms, predominant usage of Industrial Internet-of things (IIoT) for design and manufacturing are favoring the market growth. However, risks related with data security due to the use of IoT and cloud platform, rise in number of cyber-attacks and lack of awareness of digital technology in rural areas are the major factors restraining the market growth.

Digital twin means digital duplication of physical property, process and system which can be used for various purposes. The digital depiction provides both the fundamentals and the dynamics of how an Internet of Things device operates and lives during its life cycle. This technology is the one of the most lucrative markets in the existing century.

By End User, Electronics and electrical/machine manufacturing section is anticipated to grow high due to the rising need of digitalization for the designing and manufacturing process of electronic equipment such as generators, printers, computers, motors, industrial machines, transformers and home electronic machines, along with the after-sale services which lead to a significant growth for the market.

Companies Mentioned

  • Sap Se
  • Tibco Software Inc.
  • Sight Machine Inc.
  • Siemens Ag
  • Virtalis Limited
  • Robert Bosch Gmbh
  • Ibm Corporation
  • Prodea System Inc.
  • Toshiba Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • General Electric
  • Aucotec Ag
  • PTC Inc.
  • Dassault Systemes
  • Amazon Web Services
  • Computer Science Corporation
  • Dnv Gl As
  • Autodesk Inc.
  • Cosmo Company Sas
  • Ansys Inc.
  • Feinguss Blank Gmbh
  • Cadfem Gmbh
  • Allerin Tech Pvt Ltd
  • Altair Engineering Inc.

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Digital Twins Market, By Technology

6 Global Digital Twins Market, By Application

7 Global Digital Twins Market, By End User

8 Global Digital Twins Market, By Geography

9 Key Developments

10 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/g9slvw/global_digital?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Internet of Things and M2M

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Internet of Things and M2M