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Dublin, Jan. 09, 2025 (GLOBE NEWSWIRE) -- The "Digital Twin market 2025-2029" report has been added to ResearchAndMarkets.com's offering.
The digital twin market is forecasted to grow by USD 163.42 billion during 2024-2029, accelerating at a CAGR of 64.9% during the forecast period.
This report on the digital twin market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by industry 4.0 and industrial IoT, growing demand for predictive maintenance and real-time monitoring data, and need for reduced time-to-market and improved decision making.
The study identifies the increasing traction in healthcare sector as one of the prime reasons driving the digital twin market growth during the next few years. Also, emergence of process twin and advent of 5g technology will lead to sizable demand in the market.
The digital twin market is segmented as below:
By Deployment
By End-user
Manufacturing Energy and utilities Aerospace and defense Automotive Infrastructure and others
By Region
North America Europe APAC Middle East and Africa South America
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital twin market vendors.
Also, the report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
A selection of companies mentioned in this report includes, but is not limited to:
ANSYS Inc. Dassault Systemes SE DNV Group AS General Electric Co. Hexagon AB Honeywell International Inc. International Business Machines Corp. Johnson Controls International PLC Kongsberg Gruppen ASA Microsoft Corp Oracle Corp PTC Inc. Robert Bosch GmbH SAP SE ScaleOut Software Inc. Siemens AG Software AG SWIM Inc. Veerum Inc. Wipro Ltd.
For more information about this report visit
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