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Digital Twins Market: Forecast (2017-2022)
[November 20, 2017]

Digital Twins Market: Forecast (2017-2022)


NEW YORK, Nov. 20, 2017 /PRNewswire/ -- Digital Twins represent one concept, where we may use tools and technologies to "map" data and information from atoms to bits. It helps in gaining momentum because the "map" can act as a "compass" to reveal the status of atoms (things, devices, components, parts, machines), hence, real-time transparency and visibility is gained.

Read the full report: https://www.reportlinker.com/p05206641

Due to lack of semantic interoperability between architectures, standards and ontologies to acceptance of digital proxies or digital duplicates faces hurdles. These technologies are necessary for automated discovery. Convergence of information technology, operational technology and protocol-agnostic telecommunications are fields in which progression has been growing rapidly. Making sense of the data, ability to curate data, and perform data analytics, at the edge (or mist, rather than in the fog or cloud) is key to value.

Based on various types wherein digital twins find its use, the market is segmented into by type which includes: product design and development, machine and equipment health monitoring, predictive maintenance and dynamic optimization. The groth of the market is driven by various factors such as growing adoption of Internet of things (IoT) by various end user industries and reduction in manufacturing process time and cost.




However, the risks associated with data security due to the use of IoT and cloud platforms are one of the factors restraining the market growth. Various techniques are used for different treatment depending up on the usage.

Digital Twins market is scrutinized by segments including type, end- users and geography. The report also comprises of the region wise study of the global digital twins market including Europe, Americas, Asia-Pacific and Rest of the World. Digital twins market is poised to dominate this market during 2017-2023.


Sample Companies profiled in this Report are:
General Electric
IBM Corporation
Siemens A
Microsoft Corporation
SAP SE
10+

The research methodology followed includes initial scope definition of the global digital twins market by type and end-users and geography. This was followed by market revenue of various types of digital twins, by region tunneling into the industries present in those regions.

Further by bottom up approach the market size was estimated and forecast was done for the required period. The data and supporting insights so mined were validated by primary research process by various manufacturers, distributors, suppliers, regulatory bodies and associations.

Read the full report: https://www.reportlinker.com/p05206641

About Reportlinker
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SOURCE Reportlinker


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