Dublin, November 19, 2021 (PRNewswire) – The “Global Digital Twin Market Size, Share and Trend Analysis Report on End Usage (Automotive and Transportation, Retail and Consumer Products, Agriculture, Manufacturing, Energy and Utilities), Regional and Section Forecasts, 2021-2028” Report added. ResearchAndMarkets.com’s To present.

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The size of the global digital twin market is expected to reach $ 86.09 billion A CAGR of 42.7% is expected to be recorded between 2028 and 2021 to 2028

The expansion of CVD-19 has accelerated the adoption of digital twins in specialized end-to-end industries. Major consumer industries, such as health care, agriculture, and government offices, have implemented digital twin technologies in various countries to work out the minimum wage on social distance standards. As a result, the epidemic has prompted the adoption of digital twins to better prepare for future crises.

Using a copy of a tool or system helps to improve the productivity of the system, optimize resource consumption, and minimize product handling, which in turn improves the quality and productivity of large organizations.

In addition, the use of digital twins supports new business models and provides opportunities for SMBs to expand and incorporate technology capabilities into their organization. Due to the benefits of digital twins to large and small companies, their demand for healthy CAGR is expected to expand over the next seven years.

The growing popularity of Artificial Intelligence (AI), Machine Learning (ML) and IoT Internet, coupled with continued automation in various industries, is leading manufacturers of automotive, defense and aerospace and healthcare. Digital twins increase their productivity during production and reduce marketing time.

The end-user industries are also looking for digital twin portfolio that can meet specific requirements, and major market players are responding to this growing demand for digital end-to-end solutions tailored to specific end-to-end industries. Individual designed digital twins are inspiring end users to follow digital twins in their value chain, thereby driving market growth.

Digital Twin Market Report Top Stories

  • The automotive and transport sectors forecast is expected to expand by more than 50% CAGR, as the adoption of digital twin platforms is on the rise in the automotive production and sales supply chain, especially after the Covide-19 epidemic.

  • Europe A.D. By 2020 it will cover more than 30% of the total market. This is due to the high IoT penetration in the region, especially in Western Europe

  • Key players in the market are pursuing non-organic strategies to kill competition and gain market share. For example, in January 2019, Hexagon AB has announced the acquisition of J5 International, a software development software operating system software. Purchase will help improve the company’s HxGN SDx portfolio used to create and manage digital twins

Covered key topics:

Chapter 1. Method and Scope

Chapter 2. Executive Summary

Chapter 3. Digital Twin Market Variables, Trends and Limits
3.1. Market size and growth prospects, 2017 – 2028
3.2. Industry Value Chain Analysis
3.3. Market volatility
3.3.1. Market driver analysis
3.3.2. Market block / test analysis
3.3.3. Market Opportunity Analysis
3.4. Entry and Growth Hope Map Work (Key Opportunities Prioritized)
3.5. Business environment analysis tools
3.5.1. Industrial Analysis – Analysis of Porter’s Five Powers

Chapter 4. Digital Twin Market End Usage Outlook
4.1. Digital Twin Market in Production, 2020 and 2028 (USD Million) Share
4.2. Production
4.3. Agriculture
4.4. Automotive and Transportation
4.5. Energy and utilities
4.6. Health care and life sciences
4.7. Residence and business
4.8. Retail and consumer goods

Chapter 5. Digital Twin Market: Regional View
5.1. Digital Twin Markets Shared by Region, 2020 and 2028 (USD Million)

Chapter 6. Competitive landscape
6.1. Overview of the company
6.2. Financial performance
6.3. Product standard
6.4. Recent Developments

  • ABB

  • Aveva Group Plc

  • Dassault systems

  • General Electric

  • Hexagon AB

  • IBM Corporation

  • Microsoft Corporation

  • PTC

  • SAP

  • Siemens AG

Visit for more information on this report https://www.researchandmarkets.com/r/tqbjsj

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