An exciting new study from the team of Lucintel found that digital twin market is expected to grow at a CAGR of 54% to 56%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The digital twin market is segmented based on technology, usage type, end use industry, and region. In this market, IoT & IIoT is expected to remain the largest technology and Automotive & transportation segment is expected to remain the largest end use industry. Players can benefit from the available opportunities like high economic growth, growing use of automation solutions, software for production lines and downstream operations, prominent presence of digital twin vendors, and growing demand for smart connected devices and IoT/IIoT.
ABB Group, Accenture, Ansys, Autodesk, AVEVA, Bentley Systems, Incorporated, Bosch Rexroth, Capgemini, Dassault Systems, General Electric, IBM , Infosys, Microsoft, Oracle, PTC, Rockwell Automation, SAP SE, SAS Institute, Schneider Electric Inc., Siemens AG, TIBCO Software and Wipro are some of the major players profiled in this 150 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global digital twin market by technology (IoT & IIoT, blockchain, artificial intelligence & machine learning, augmented reality, virtual reality, and mixed reality, big data analytics, and 5G), usage type (product, process twin, system), end use industry (aerospace & defense, automotive & transportation, home & commercial, healthcare, energy & utilities, oil & gas, agriculture, telecommunication, retail and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the digital twin market?
Q.4 What are some changing demands of customers in the digital twin market?
Q.5 What are the new developments in the digital twin market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this digital twin area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this digital twin market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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