Digital Twin Technology Market: In-Depth Study Explores Huge Growth Ahead: Robert Bosch, Faro Technologies, TIBCO Software, Siemens
This press release was originally issued by SBWire
New Jersey, United States — (SBWIRE) – 04/19/2022 – Advance Market Analytics has published a new research publication on “Digital Twin Technology Market Insights, to 2027” with 232 pages and enriched with self-explained charts and graphs in a presentable format. In the study, you will find new evolving trends, drivers, restraints, and opportunities generated by targeting stakeholders associated with the market. The growth of the Digital Twin Technology market has been primarily driven by increasing R&D expenditures across the globe.
Some of the key players profiled in the study are:
TIBCO Software Inc. (USA), Siemens AG (Germany), General Electric Company (USA), Microsoft Corporation (USA), IBM (USA), Schnitger Corporation (USA), SAP SE (Germany), Oracle Corporation (USA), Atos (France), Faro Technologies (USA), Dassault SystAmes SE (France), UrsaLeo, Inc. (USA), Esri (USA), PTC Inc. (USA), Robert Bosch GmbH (Germany).
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– Emerging development of scalable architecture using modern SaaS applications with integration of back-office ERP systems, modern cloud applications and IoT sensors
– Growth of research and development in various industries with increasing digitization
– Application of AI, machine learning and big data in digital twin technology to accelerate risk assessment, production time and provide real-time predictive maintenance
Digital twin technology is the virtual or digital replica of a physical device that scientists and IT professionals use to run or operate simulators before the actual device is deployed. Technologies such as artificial intelligence, IoT, and big data analytics are used in digital twins that provide real-time monitoring, diagnostics, prognostics, and provide real-time device or asset insights physical. Digital twin technology is widespread and widely used in manufacturing, automation, and healthcare applications.
The titled segments and sub-sections of the market are illuminated below:
by Type (Digital Twin Prototype (DTP), Digital Twin Instance (DTI), Digital Twin Aggregate (DTA)), Components (Product Digital Twin, Process Digital Twin, System Digital Twin), Verticals (Automotive and Transportation, Manufacturing, Healthcare, Others), Technology (Internet of Things, Artificial Intelligence, Big Data Analytics, Machine Learning)
– Growing future potential of digital twin technology for cost effectiveness and optimal use of resources in the production process of industries
– Complexities and support issues associated with digital twin technology deliverability
Regions included are: North America, Europe, Asia-Pacific, Oceania, South America, Middle East and Africa
Country level breakdown: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium , Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.
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Market influencers and their development strategies
On August 22, 2020, FARO Technologies announced the acquisition of Advanced Technical Solutions in Scandinavia AB, a Swedish leader in 3D digital twin solution technology. The acquisition will integrate ATS software and the proprietary Traceable 3D system, which enables highly accurate and repeatable 3D scans, into the FARO Webshare Cloud platform. and On October 14, 2020, Flogistix announced a new collaboration with San Francisco-based UrsaLeo to develop and apply digital twin technology to its entire fleet of vapor recovery units, wellhead compression and industry-leading gas extraction.
Points Covered in Table of Content of Global Digital Twins Technology Market:
Chapter 01 – Summary of Digital Twin Technology
Chapter 02 – Market Overview
Chapter 03 – Key success factors
Chapter 04 – Global Digital Twins Technology Market Covid-19 Crisis Analysis
Chapter 05- Global Digital Twins Technology Market- Price Analysis
Chapter 06 – Global Digital Twin Technology Market Background
Chapter 07- Global Digital Twins Technology Market Segmentation
Chapter 08 – Analysis of Key and Emerging Countries in the Global Digital Twins Technology Market
Chapter 09 Global Digital Twin Technologies Market Structure Analysis
Chapter 10 – Competitive Analysis of Global Digital Twins Technology Market
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
Read the detailed index of the full research study at @ https://www.advancemarketanalytics.com/reports/70483-global-digital-twin-technology-market-1
Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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