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Global Digital Twin Market 2017-2021

Digital Twin Sector: Worldwide Forecast until 2021

  • December 2017
  • 99 pages
  • ID: 5256503
In this report:
As there are a lot of potential growth opportunities in this market, the competitive environment is expected to further intensify with the entry of many new vendors, innovations in technology, and forging of partnerships.
There is a trend of institutional IoT investments, consolidations, and partnerships among organizations to gain competitive advantages, which is expected to give high market traction to digital twin technology.

Summary

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About Digital Twin

Digital twins integrate technologies including machine learning, M2M, artificial intelligence, predictive analytics, and sensor telemetry to create digital clones of physical machines and idealized digital simulation models that evolve based on the information collected from real-world instances. Digital twins are digital copies of physical assets including all their modeled characteristics and behaviors. This can also include the effects of aging and repeated usage on a physical object over a time frame of time. A digital twin is designed by 3D modeling a physical object, which is activated using sensors that have info collected from sensors of the physical object.

The experts estimate the worldwide digital twin market to increase at a compound annual Growth rate of ~32.7 percent between 2017 and 2021.

What is the scope of this report?

The study describes the ongoing situation and its growth expectations of the global digital twin sector for 2017-2021. In this report, the market size is calculated from the revenue generated from the sales of hardware and software products used to develop and implement digital twin technology, which is deployed on-premises and on the cloud.

The sector is segmented into the specified segments established on area:

• Americas

• Asia-Pac

• Europe, Middle East and Africa (EMEA)

The market study, World-wide Digital Twin Sector 2017-2021, has been produced established on a comprehensive and detailed market studies with data coming from specialists of the sector. The study describes the market outlook and its growth expectations over the next years. This study also comprises conversations with top vendors operating in this segment.

• For a full, in-depth list, view our market report

What are the ongoing market challenges?

• High costs of implementation

• For a full, exhaustive list, view our market report

How is the market going?

• Industrial Internet revolution

• For a full, in-depth list, view our market report

What are the main questions answered in this report?

• What will both market value and growth rate be in 2021?

• What are the key market forecasts?

• What is driving this sector?

• What are the conditions to market growth?

• Who are the main vendors in this market environment?

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