Global Digital Twin Markets Report 2021-2025 - Increasing Traction in Healthcare and Emergence of Process Twins Will Lead to Sizable Demand - ResearchAndMarkets.com

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DUBLIN, September 28, 2021--(BUSINESS WIRE)--The "Global Digital Twin Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.

The digital twin market is poised to grow by $ 24.81 bn during 2021-2025 progressing at a CAGR of 39%

This study identifies the use of AI in digital twin as one of the prime reasons driving the digital twin market growth during the next few years. Also, increasing traction in the healthcare sector and emergence of process twins will lead to sizable demand in the market.

The market is driven by the industry 4.0 and industrial IoT, increase in demand for predictive maintenance and real-time data for monitoring, and need for reduced time-to-market and improved decision-making. In addition, Industry 4.0 and industrial IoT is anticipated to boost the growth of the market as well.

The report on digital twin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The digital twin market analysis includes end-user segment, deployment segment, and geographical landscapes.

The publisher robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital twin market vendors that include General Electric Co., Honeywell International Inc., International Business Machines Corp., Kongsberg Gruppen ASA, Microsoft Corp., Oracle Corp., PTC Inc., SAP SE, Siemens AG, and Wipro Ltd..

Also, the digital twin market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Impact of COVID-19 on IT sector

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2020

  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by End-user

  • Market segments

  • Comparison by End user

  • Manufacturing - Market size and forecast 2020-2025

  • Energy and utilities - Market size and forecast 2020-2025

  • Aerospace and defense - Market size and forecast 2020-2025

  • Automotive - Market size and forecast 2020-2025

  • Others - Market size and forecast 2020-2025

  • Market opportunity by End user

Market Segmentation by Deployment

  • Market segments

  • Comparison by Deployment

  • On-premise - Market size and forecast 2020-2025

  • Cloud - Market size and forecast 2020-2025

  • Market opportunity by Deployment

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Vendor landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • General Electric Co.

  • Honeywell International Inc.

  • International Business Machines Corp.

  • Kongsberg Gruppen ASA

  • Microsoft Corp.

  • Oracle Corp.

  • PTC Inc.

  • SAP SE

  • Siemens AG

  • Wipro Ltd.

Appendix

For more information about this report visit https://www.researchandmarkets.com/r/pmtgro

View source version on businesswire.com: https://www.businesswire.com/news/home/20210928005846/en/

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