Global Digital Twins Market Outlook 2017-2026, With an Expected CAGR of 36.6% – ResearchAndMarkets.com

The “Digital
Twins – Global Market Outlook (2017-2026)” report has been
added to ResearchAndMarkets.com’s offering.

According to the publisher, the Global Digital Twins Market is accounted
for $2.37 million in 2017 and is expected to reach $39.39 million by
2026 growing at a CAGR of 36.6% during the forecast period.

Factors such as increasing adoption of IoT and Cloud platforms,
predominant usage of Industrial Internet-of things (IIoT) for design and
manufacturing are favoring the market growth. However, risks related
with data security due to the use of IoT and cloud platform, rise in
number of cyber-attacks and lack of awareness of digital technology in
rural areas are the major factors restraining the market growth.

Digital twin means digital duplication of physical property, process and
system which can be used for various purposes. The digital depiction
provides both the fundamentals and the dynamics of how an Internet of
Things device operates and lives during its life cycle. This technology
is the one of the most lucrative markets in the existing century.

By End User, Electronics and electrical/machine manufacturing section is
anticipated to grow high due to the rising need of digitalization for
the designing and manufacturing process of electronic equipment such as
generators, printers, computers, motors, industrial machines,
transformers and home electronic machines, along with the after-sale
services which lead to a significant growth for the market.

Companies Mentioned

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Digital Twins Market, By Technology

6 Global Digital Twins Market, By Application

7 Global Digital Twins Market, By End User

8 Global Digital Twins Market, By Geography

9 Key Developments

10 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/g9slvw/global_digital?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005469/en/