Global Digital Twins Market Insights 2020-2025 by Technology, Solution, Application and Industry Vertical

Dublin, March 20, 2020 (GLOBE NEWSWIRE) — The “Digital Twins Market by Technology, Solution, Application, and Industry Vertical 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
This research evaluates digital twinning technology, solutions, use cases, and leading company efforts in terms of R&D and early deployments. The report assesses the digital twin product and service ecosystem including application development and operations.
The report also analyzes technologies supporting and benefiting from digital twinning. The report also provides detailed forecasts covering digital twinning solutions in many market segments and use cases including manufacturing simulations, predictive analytics, and more.Select Report FindingsUp to 89% of all IoT Platforms will contain some form of Digital Twinning capability by 2025Digital twinning will become standard feature/functionality for IoT Application Enablement by 2027Over 92% of vendors recognize the need for IIoT APIs and platform integration with digital twinning functionality for industrial verticalsNearly 36% of executives across a broad spectrum of industry verticals understand the benefits of digital twinning and 53% of them plan to incorporate within their operations by 2028
A digital twin is comprised of a virtual object representation of a real-world item in which the virtual is mapped to physical things in the real-world such as equipment, robots, or virtually any connected business asset. This mapping in the digital world is facilitated by IoT platforms and software that is leveraged to create a digital representation of the physical asset. The digital twin of a physical asset can provide data about its status such as its physical state and disposition. Conversely, a digital object may be used to manipulate and control a real-world asset by way of teleoperation.The report sees this form of cyber-physical connectivity, signaling, and control as a key capability to realize the vision for Industry 4.0 to fully digitize production, servitization, and the “as a service” model for products.Report BenefitsDigital twin solution forecasts 2020-2025Understand the different types of digital twinningIdentify market challenges and opportunities for digital twinningUnderstand the role of virtual twinning in development, simulations, and PLMUnderstand how virtual objects (software programs) function as an abstract of real-world thingsUnderstand how virtual reality will support digital twinning and vice versa for advanced simulations and controlKey Topics Covered
1. Executive SummaryFor more information about this report visit https://www.researchandmarkets.com/r/h6kqirResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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