Report Description

Global Digital Twin Market By Application (Manufacturing Process Planning, Product Design & Others), By End User Sector (Manufacturing, Energy & Utilities, Transportation & Others), By Region, Competition Forecast & Opportunities, 2012 – 2022

  • Publish Date:February, 2018
  • Format : PDF
  • Pages : 172
  • Industry : ICT

Global digital twin market is projected to reach $ 13.9 billion by 2022, exhibiting a CAGR of more than 36% during 2017-2022, on account of surging adoption of Industrial Internet of Things (IIoT) and growing penetration of smart technologies and devices such as smartphones, smart TVs and smart grids. Some of the other factors expected to drive the global digital twin market include increasing demand for connected devices and data security coupled with rising Industry 4.0 adoption, which refers to the application of mining and data analytics in manufacturing technologies. Moreover, rising technology adoption in diverse sectors including healthcare, consumer goods and transportation would fuel digital twin market, globally, through 2022.

Years considered for this report:

Historical Years: 2012-2015

Base Year: 2016

Estimated Year: 2017

Forecast Period: 2018–2022

Objective of the Study:

  • To define, classify and forecast the global digital twin market on the basis of application, end use sector, region and company.
  • To analyze and forecast the global digital twin market size
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of end user sector by segmenting the global digital twin market into various end-sue sectors, namely, manufacturing, transportation, energy & utilities, healthcare, consumer goods and others (aerospace & defense, agriculture, etc.)
  • To identify the drivers and challenges for the global digital twin market.
  • To strategically profile the leading players operating in the global digital twin market.  

 

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Some of the leading players in the global digital twin market include General Electric Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, PTC Inc., ANSYS, Inc., Dassault Systèmes, Siemens AG, Bosch Software Innovation Gmbh and SAP SE.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of digital twin software developers, procurers and industry experts. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. TechSci Research further analyzed the product offerings or variants, distribution channels, and regional presence of major digital twin software providers.

TechSci Research calculated the size for global digital twin market using a bottom-up approach, where data standard applications (user sectors such as Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods and Others) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and these were externally validated through analyzing historical data of digital twin market to arrive at the overall market size. Various secondary sources such as company websites, annual reports, World Bank website, government websites, press releases, company annual reports, whitepapers, investor presentations and financial reports were also reviewed by TechSci Research.

 

 Key Target Audience:

  • Digital Twin Software Providers and other stakeholders
  • IoT Vendors
  • End users of Digital Twin such as Manufacturing, Transportation, Energy & Utilities, Healthcare, Consumer Goods and Others
  • Application or Software Developers, Entrepreneurs, Digital Twin Software Integrators
  • Associations, Organizations, Forums and Alliances associated with Digital Twin Technology & Start ups Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as digital twin software providers, procurers, customers and policy makers. The report would enable the stakeholders in identifying which market segments should be targeted in the coming years and accordingly strategize investments and capitalize on the growth opportunities.

Report Scope:

In this report, the global digital twin market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Market, by Application:
    • Manufacturing Process Planning
    • Product Design
    • Others  
  • Market, by End Use Sector:
    • Manufacturing
    • Transportation
    • Energy & Utilities
    • Healthcare
    • Consumer Goods
    • Others  
  • Market, by Region:

    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Rest of Region
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • India
      • Singapore
      • Rest of Region
    • Middle East & Africa
      • Turkey
      • Saudi Arabia
      • UAE
      • South Africa
      • Rest of Region
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of Region 

    Competitive Landscape

    Competition Benchmarking: Benchmarking of leading 10 players

    Company Profiles: Detailed analysis of the major companies providing digital twin software.

    Available Customizations:

    With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

    • Five more players in the market
    • Further bifurcation in the regional market

    In case you can’t find what you are looking for then please get in touch with our custom research team at sales@techsciresearch.com

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