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Digital Twin Market Growth To Be Influenced By Rising Adoption Across Several Industries For Enhancing Production Layout And Productivity Improvement Till 2025 | Million Insights

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Digital Twin Market Growth To Be Influenced By Rising Adoption Across Several Industries For Enhancing Production Layout And Productivity Improvement Till 2025 | Million Insights

April 06
08:05 2021
Digital Twin Market Growth To Be Influenced By Rising Adoption Across Several Industries For Enhancing Production Layout And Productivity Improvement Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the rising adoption of this technology across several industries for enhancing production layout, improving productivity and lowering operational costs are projected to drive the global digital twin industry growth.

The global digital twin market size is anticipated to value USD 26.07 billion by 2025. It is also projected to witness a CAGR of 38.2% over the forecasted years, 2018 to 2025. The shifting trend towards the adoption of digital and VR technologies prevailing among several organizations is expected to drive the market growth for digital twins in the upcoming years.

The segment of residential & commercial end-use dominated the global market in 2017 on account of its feature of capturing of time-based and 3D implications of buildings and other infrastructure properties. While the automotive & transport segment is projected to register the fastest growth with more than 40.0% CAGR from 2018 to 2025 owing to increasing demand for connected vehicles across the globe.

To download the sample PDF of “Digital Twin Market Report” please click here:
https://www.millioninsights.com/industry-reports/global-digital-twin-market/request-sample

North America and Europe accounted for more than half of the overall share across the global digital twins market due to the increasing number of organizations adopting these technologies residing across these regions. While, the Asia Pacific is expected to register the highest growth with more than 40.0% CAGR over the forecasted period, 2018 to 2025 owing to the surging number of initiatives being undertaken by governing authorities for adoption of IoT Technology across countries like China and India.

The market includes key players like Siemens AG; PTC, Inc.; ABB Group; Schneider Electric SE; Dassault Systèmes; and SAP SE. They are constantly engaged in product development, innovation, to leverage competitive advantage over others and to widen the geographical reach.

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-digital-twin-market

Further key findings from the report suggest:

• The automotive & transport segment is expected to register a CAGR of around 40.0% over the forecasted years, 2018 to 2025.

• In 2017, the residential & commercial segment dominated the global market.

• In 2017, North America and Europe accounted for more than half of the share across the global market.

• The key players in this market are Siemens AG; PTC, Inc.; ABB Group; Schneider Electric SE; Dassault Systèmes; and SAP SE.

Million Insights has segmented the global digital twin market on the basis of end use and region:

Digital Twin End-use Outlook (Revenue, USD Million, 2014 – 2025)
    • Manufacturing
    • Agriculture
    • Automotive & Transport
    • Energy & Utilities
    • Healthcare & Life Sciences
    • Residential & Commercial
    • Retail &Consumer Goods
    • Others

Digital Twin Regional Outlook (Revenue, USD Million, 2014 – 2025)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
        • France
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
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State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-digital-twin-market


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