The Business Research Company’s Digital Twin Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LANDON, GREATER LANDON, UK, November 16, 2023 /EINPresswire.com/ — The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The digital twin market is expected to reach $56.66 billion by 2027, growing at a CAGR of 39.0%, according to TBRC’s Digital Twin Global Market Report 2023.
The digital twin market’s growth is driven by increased adoption of digitalization in manufacturing. North America is set to lead the digital twin market share. Key players include General Electric, IBM, Microsoft, SAP, ANSYS, Oracle, and Robert Bosch.
• By Type: Product Digital Twin, Process Digital Twin, System Digital Twin
• By Technology: IoT & IIoT, Blockchain, Artificial Intelligence & Machine Learning, Augmented Reality, Virtual Reality, and Mixed Reality, Big Data Analytics, 5G
• By Application: Manufacturing, Energy & power, Aerospace, Oil & Gas, Automobile, Others Applications
• By Geography: The global digital twin market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Learn More On The Market By Requesting A Free Sample (Includes Graphs And Tables):
The digital twin refers to a digital virtual representation of an object or system that spans its lifecycle, is updated from real-time data, and assists decision-making via simulation, machine learning, and reasoning. It will assist engineers and operators in understanding not only how items currently work, but also how they will perform in the future. These software or solutions can create these predictions by analyzing data from linked sensors and combining it with information from other sources.
Read More On The Global Digital Twin Market Report At:
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Market Characteristics
3. Digital Twin Market TrendsAnd Strategies
4. Digital Twin Market – Macro Economic Scenario
5. Digital Twin Market Size And Growth
27. Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Market
29. Market Future Outlook and Potential Analysis
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