General Electric, PTC, Siemens, Dassault Systèmes, IBM Corporation

Pune, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Global Digital Twin market report is expert study that can deliver you with an elaborate analysis of the Digital Twin. The report covers information about top players, projected size of the market, data and figures to update about where opportunities are in the market, competitor analysis and vendor information. Also, it offers a complete analysis of the key market dynamics, with growth drivers, challenges, restraints, opportunities and trends. Furthermore, receive exact details and statistics associated to Digital Twin market and its key factors such as revenue, growth, compound annual growth, year-over-year developments, consumption, and production.

The global Digital Twin market size is projected to reach USD 4684.5 million by 2027, from USD 1560 million in 2020, at a CAGR of 17.6% during 2021-2027.

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Digital Twin is a near-real-time digital image about the historical and current behavior of a physical object or process that helps optimize business performance.

Digital twins exist at the nexus of physical engineering, data science, and machine learning, and their value translates directly to measurable business outcomes—reduced asset downtime and maintenance costs, improved plant and factory efficiency, reduced cycle times, and increased market agility.

Competitive Landscape:

Report offers the Digital Twin market competition landscape and a corresponding comprehensive study of the prominent players in this market, include

• General Electric
• PTC
• Siemens
• Dassault Systèmes
• IBM Corporation
• ANSYS
• Microsoft Corporation
• Oracle Corporation
• Accenture (Mackevision)
• SAP
• AVEVA Group

Global Digital Twin key players include General Electric, Siemens, PTC, Dassault Systèmes, etc. Global top four manufacturers hold a share about 60%.

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Market Segmentation:

In terms of product, System Twin is the largest segment, with a share over 50%. And in terms of application, the largest application is Machine Manufacturing, followed by Energy and Utilities, Aerospace and Defense, Automotive and Transportation, etc.

Digital Twin market report delivers study of the key trends in each sub-segment of the worldwide Digital Twin report, with estimates for development at the global, regional and country level and categorized the market based on product type, applications, regions.

Segment by Type

• Parts Twin
• Product Twin
• Process Twin
• System Twin

Segment by Application

• Aerospace and Defense
• Automotive and Transportation
• Machine Manufacturing
• Energy and Utilities
• Others

Regional Analysis:

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil etc.)
• Middle East and Africa (Egypt and GCC Countries)

North America is the largest market, with a share about 55%, followed by Europe, and Asia-Pacific, both have a share about 45 percent.

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Years considered for this report:

Historical Years:  2016-2021

Base Year:  2021

Estimated Year:  2022

Forecast Period:  2022-2027

Detailed TOC of Global Digital Twin Market Size, Status and Forecast 2022

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Digital Twin Market Size Growth Rate by Type: 2016 VS 2021 VS 2027

1.3 Market by Application

1.3.1 Global Digital Twin Market Share by Application: 2016 VS 2021 VS 2027

1.4 Study Objectives

1.5 Years Considered

2 Global Growth Trends

2.1 Global Digital Twin Market Perspective (2016-2027)

2.2 Digital Twin Growth Trends by Regions

2.2.1 Digital Twin Market Size by Regions: 2016 VS 2021 VS 2027

2.2.2 Digital Twin Historic Market Share by Regions (2016-2021)

2.2.3 Digital Twin Forecasted Market Size by Regions (2022-2027)

2.3 Digital Twin Industry Dynamic

2.3.1 Digital Twin Market Trends

2.3.2 Digital Twin Market Drivers

2.3.3 Digital Twin Market Challenges

2.3.4 Digital Twin Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Digital Twin Players by Revenue

3.1.1 Global Top Digital Twin Players by Revenue (2016-2021)

3.1.2 Global Digital Twin Revenue Market Share by Players (2016-2021)

3.2 Global Digital Twin Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

3.3 Players Covered: Ranking by Digital Twin Revenue

3.4 Global Digital Twin Market Concentration Ratio

3.4.1 Global Digital Twin Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Digital Twin Revenue in 2020

3.5 Digital Twin Key Players Head office and Area Served

3.6 Key Players Digital Twin Product Solution and Service

3.7 Date of Enter into Digital Twin Market

3.8 Mergers & Acquisitions, Expansion Plans

4 Digital Twin Breakdown Data by Type

4.1 Global Digital Twin Historic Market Size by Type (2016-2021)

4.2 Global Digital Twin Forecasted Market Size by Type (2022-2027)

5 Digital Twin Breakdown Data by Application

5.1 Global Digital Twin Historic Market Size by Application (2016-2021)

5.2 Global Digital Twin Forecasted Market Size by Application (2022-2027)

……….

11 Key Players Profiles

11.1 General Electric

11.1.1 General Electric Company Details

11.1.2 General Electric Business Overview

11.1.3 General Electric Digital Twin Introduction

11.1.4 General Electric Revenue in Digital Twin Business (2016-2021)

11.1.5 General Electric Recent Development

11.2 PTC

11.2.1 PTC Company Details

11.2.2 PTC Business Overview

11.2.3 PTC Digital Twin Introduction

11.2.4 PTC Revenue in Digital Twin Business (2016-2021)

11.2.5 PTC Recent Development

…………

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

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