Product ID: SQMIG45I2130
Report ID:
SQMIG45I2130 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
During the projected period, North America is expected to grow at a rapid rate. End-users across industries in the United States, such as healthcare, home & commercial, and others, are investing in parts twin and product twin, which is expected to drive market expansion. Furthermore, significant providers including IBM Corporation, Microsoft Corporation, Oracle Corporation, Cisco Systems, Inc., and others are present in the United States and Canada. To boost their product offerings and expand their customer base, market players are merging and partnering with technology providers.
During the projection period, Asia Pacific is expected to grow at the fastest rate. End-users in China, India, Japan, South Korea, and other countries are increasing their venture capital investment in twin technologies. Similarly, the existence of a large number of industries in the region, such as automotive and transportation, manufacturing, energy and utilities, and others, is expected to help market growth. China is the world's most technologically advanced country. According to the United Nations Statistics Division, China's manufacturing industry accounts for 28.7% of worldwide industrial output.
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REQUEST FREE CUSTOMIZATIONDigital Twin Market was valued at USD 9.50 billion in 2019 and is poised to grow from USD 13.34 billion in 2023 to USD 202.63 billion by 2031, growing at a CAGR of 40.5% during the forecast period (2024-2031).
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Product ID: SQMIG45I2130