Jul 23, 2020 (AmericaNewsHour) -- Global Digital Twin Market was valued at USD 2.41 Billion in the year 2017. Global Digital Twin Market is further estimated to grow at a CAGR of 36.86% from 2017 to reach USD 27.49 Billion by the year 2025. North America region holds the highest Market share in 2017 and Asia-Pacific is considered as the fastest growing Market in the forecasted period. At a country level, developed Industries like the U.S. and emerging Industries like China with highest population base holds a notable Market share in 2017 and it is projected to grow at a gradual pace in the coming years.
Major market players in Digital Twin Market are IBM Corporation, Microsoft Corporation, General Electric, SAP SE, Dassault Systemes, Siemens, Bosch GmbH, Oracle Corporation, ANSYS Inc., AT&T, and other 10 more companies detailed information is provided in report. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
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SWOT Analysis of Digital Twin Market:
Adoption of IoT in design and manufacturing industries
Maintaining Data Security
Technological advancements in the automotive sector
Lack of availability of technical expertise
Segmentation done on the basis of Market Sector includes Electronics & Electrical, Manufacturing, Retail, Automotive, Aerospace and Defense, Healthcare, Energy, and Utilities; of which the Manufacturing segment is expected to hold the highest Market share during the forecast period.
Digital Twin Market Segmentation:
By Market Sector:
*Electronics & Electrical
*Aerospace and Defense
*Energy and Utilities
*Rest of Europe
*Rest of Asia-Pacific
*Middle East & Africa
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The post Digital Twin Market With Top Countries Data, Industry Analysis by Regions, Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast to 2025 appeared first on America News Hour .
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