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Digital Twin Market By Industry Sector (Electronics & Electrical,Manufacturing, Retail , Automotive) - Global Opportunity Analysis and Industry Forecast, 2018-2023

 Technology

Report Overview

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 15.83 Billion by the year 2023. 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 markets like the U.S. and emerging markets 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.

IBM Corporation (US), Microsoft Corporation (US), General Electric (US), SAP SE (Germany) are some of the key players in the Digital Twin Market with IBM Corporation holding a substantial market share because of its better technological advancements and global reach. Technological up-gradation to address the changing demand of end users. 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.

Drivers:

             Adoption of IoT in design and manufacturing industries

Restraints:

             Maintaining Data Security

Opportunities:

             Technological advancements in the automotive sector

Challenges:

             Lack of availability of technical expertise

Segmentation done on the basis of Industry 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.

The Automotive segment is also expected to grow at the highest CAGR during the year 2018-2023.

Key Benefits for Stakeholders

Digital Twin Solution Providers

Research and Consulting organization

Government bodies

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policymakers and consumers.

By Industry Sector

Electronics & Electrical

Manufacturing

Retail

Automotive

Aerospace and Defense

Healthcare

Energy and Utilities

Others

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

IBM Corporation

Microsoft Corporation

General Electric

SAP SE

Dassault Systèmes

Siemens

Bosch GmbH

Oracle Corporation

ANSYS, Inc.

AT&T

(Another brief information of 15 companies will be provided in the report)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

             2.1.1.1. Key Data from Secondary Research

       2.1.2. Primary Research

             2.1.2.1. Key Data from Primary Research

             2.1.2.2. Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Digital Twin Market, By Industry Sector

6.1. Electronics & Electrical

6.2. Manufacturing

6.3. Automotive

6.4. Aerospace and Defense

6.5. Healthcare

6.6. Retail

6.6. Healthcare

6.8. Others

7. Geographical Analysis

7.1. Introduction

7.2. North America

       7.2.1. U.S.

       7.2.2. Canada

       7.2.3. Mexico

7.3. Europe

       7.3.1. U.K.

       7.3.2. Germany

       7.3.3. Italy

       7.3.4. RoE

7.4. Asia Pacific

       7.4.1. South Korea

       7.4.2. China

       7.4.3. Japan

       7.4.4. RoAPAC

7.5. RoW

       7.5.1. Latin America

       7.5.2. Middle East and Africa

8. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

8.1. IBM Corporation

8.2. Microsoft Corporation

8.3. General Electric

8.4. SAP SE

8.5. Dassault Systèmes

8.6. ANSYS, Inc.

8.7. Oracle Corporation

8.8. Siemens

8.9. Bosch GmbH

8.10. AT&T

(Another brief information of 15 companies will be provided in the report)

9. Competitive Analysis

9.1. Introduction

9.2. Market Positioning of Key Players

9.3 Competitive Strategies Adopted by Leading Players

        9.3.1. Investments & Expansions

        9.3.2. New Product Launches

        9.3.3. Mergers & Acquisitions

        9.3.4. Agreements, Joint Ventures, and Partnerships

10. Appendix

10.1. Questionnaire

10.2. Available Customizations 

10.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

Summary

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