Digital Twin Market Growth To Be Influenced By Rising Adoption Across Several Industries For Enhancing Production Layout And Productivity Improvement Till 2025 / Million Insights.

M2 PRESSWIRE-April 7, 2021-: Digital Twin Market Growth To Be Influenced By Rising Adoption Across Several Industries For Enhancing Production Layout And Productivity Improvement Till 2025 | Million Insights

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RDATE:06042021

According to new report available with Million Insights, the rising adoption of this technology across several industries for enhancing production layout, improving productivity and lowering operational costs are projected to drive the global digital twin industry growth.

The global digital twin market size is anticipated to value USD 26.07 billion by 2025. It is also projected to witness a CAGR of 38.2% over the forecasted years, 2018 to 2025. The shifting trend towards the adoption of digital and VR technologies prevailing among several organizations is expected to drive the market growth for digital twins in the upcoming years.

The segment of residential & commercial end-use dominated the global market in 2017 on account of its feature of capturing of time-based and 3D implications of buildings and other infrastructure properties. While the automotive & transport segment is projected to register the fastest growth with more than 40.0% CAGR from 2018 to 2025 owing to increasing demand for connected vehicles across the globe.

To download the sample PDF of "Digital Twin Market Report" please click here:

https://www.millioninsights.com/industry-reports/global-digital-twin-market/request-sample

North America and Europe accounted for more than half of the overall share across the global digital twins market due to the increasing number of organizations adopting these technologies residing across these regions. While, the Asia Pacific is expected to register the highest growth with more than 40.0% CAGR over the forecasted period, 2018 to 2025 owing to the surging number of initiatives being undertaken by governing authorities for adoption of IoT Technology across countries like China and India.

The market includes key players like Siemens AG; PTC, Inc.; ABB Group; Schneider Electric SE; Dassault Systemes; and SAP SE. They are constantly engaged in product development, innovation, to leverage competitive advantage over others and to widen the geographical reach.

To browse report summary & detailed TOC, please click the link below:

https://www.millioninsights.com/industry-reports/global-digital-twin-market

Further key findings from the report suggest:

* The automotive & transport segment is...

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