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(Wireless-NewsWire.Com, September 28, 2018 ) Digital Twin Technology is used as a virtual demonstration of any physical object, process, or service. It provides a platform to compare design made by digital twin with an actual one which gives an idea of better understanding of the product and gap, if any at the time of making a design so as to avoid at the time of execution. Drivers of the market are, firstly it is rendering wide scope to manufacturing sector due to growing importance of digital twins in IoT projects and secondly, dropping costs of technologies, is boosting the market for digital twin technology.
Factor acting as a restraint for market is risks associated to security and lack of awareness. Apart from this, its integral attributes of forecasting skills and intelligent replication, helps in making efficient predictions about product related future performance, decline in pricing and entire product lifecycle, which is expected to bring more opportunities to the market to grow in coming years.
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The "Global Digital Twin Technology Market Analysis to 2025" is a specialized and in-depth study of the Digital Twin Technology industry with a focus on the global market trend. The report aims to provide an overview of global Digital Twin Technology market with detailed market application, end-user and geography. The global Digital Twin Technology Digital Twin Technology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Digital Twin Technology market based on application and end-user. It also provides market size and forecast till 2025 for overall Digital Twin Technology market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Global Digital Twin Technology Market Players:
General Electric
2. Dassault Systèmes SE (Dassault Group)
3. Parametric Technology Corporation
4. Bosch Software Innovations GmbH
5. Siemens AG
6. Tibco Software Inc.
7. International Business Machines Corporation
8. Microsoft Corporation
9. Oracle
10. ANSYS, Inc.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions. Also, key Digital Twin Technology market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are the list of companies for Digital Twin Technology Market are General Electric, Dassault Systèmes SE (Dassault Group), Parametric Technology Corporation, Bosch Software Innovations GmbH, Siemens AG, Tibco Software Inc., International Business Machines Corporation, Microsoft Corporation, Oracle and ANSYS, Inc. among others
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