Lucintel Forecasts Digital Twin Market To Grow At A Cagr Of 54% To 56% From 2021 To 2026

By Author: Lucintel LLC
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According to the recent study the digital twin market is projected to grow at a CAGR of 54% to 56% from 2021 to 2026. Growth in this market is primarily driven by growing 3D printing and 3D simulations, increasing demand in the healthcare & pharmaceutical markets, and the COVID-19 pandemic.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in digital twin market by technology (IoT & IIoT, blockchain, artificial intelligence & machine learning, augmented reality, virtual reality, and mixed reality, big data analytics, and 5G), usage type (product, process twin, system), end use industry (aerospace & defense, automotive & transportation, home & commercial, healthcare, energy & utilities, oil & gas, agriculture, telecommunication, retail and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/digital-twin-market.aspx

“IoT & IIoT market is expected to remain the largest ...
... segment during the forecast period.”
Based on technology, the digital twin market is segmented into IoT & IIoT, blockchain, artificial intelligence & machine learning, augmented reality, virtual reality, and mixed reality, big data analytics, and 5G. Lucintel forecasts that the IoT & IIoT market is expected to remain the largest segment due to growing adoption of digital twin solutions to cope up with the COVID-19 pandemic in the healthcare and pharmaceutical industries.

“Within the digital twin market, the Automotive & transportation segment is expected to remain the largest end use industry.”
Based on end use industry the Automotive & transportation segment is expected to witness the highest growth over the forecast period due to high demand for digital twin in designing, simulation, maintenance, repair, overhaul, production and after services.
“North America will dominate the digital twin market in near future.”
North America will remain the largest region the forecast period due to high economic growth, growing use of automation solutions, software for production lines and downstream operations, prominent presence of digital twin vendors, and growing demand for smart connected devices and IoT/IIoT.
Download Brochure of this report by clicking on https://www.lucintel.com/digital-twin-market.aspx
Major players of digital twin market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ABB Group, Accenture, Ansys, Autodesk, AVEVA, Bentley Systems, Incorporated, Bosch Rexroth, Capgemini, Dassault Systems, General Electric, IBM , Infosys, Microsoft, Oracle, PTC, Rockwell Automation, SAP SE, SAS Institute, Schneider Electric Inc., Siemens AG, TIBCO Software and Wipro are among the major digital twin providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/digital-twin-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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