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Global Digital Twins Market Report 2021-2026 – Over 95% of Vendors Recognize the Need for IIoT APIs and Platform Integration with Digital Twinning Functionality

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Dublin, April 21, 2021 (GLOBE NEWSWIRE) — The “Digital Twins Market by Technology, Twinning Type, Cyber-to-Physical Solutions, Use Cases and Applications in Industry Verticals 2021 – 2026” report has been added to ResearchAndMarkets.com’s offering.

This report 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. This includes consideration of use cases by industry vertical.

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 from 2021 to 2026 with global, regional, and major country forecasts.

Select Report Findings:

  • Digital twin supported solutions in smart cities will reach $3.77 billion by 2026
  • Up to 91% of all IoT Platforms will contain some form of digital twinning capability by 2026
  • Digital twinning will become standard feature/functionality for IoT Application Enablement by 2028
  • Leading digit twin solutions involve Asset Twinning, Component Twinning, System Twinning, Process and Workflow Twinning
  • Over 95% of vendors recognize the need for IIoT APIs and platform integration with digital twinning functionality for industrial verticals
  • Over 40% of executives across a broad spectrum of industry verticals understand the benefits of digital twinning and 57% of them plan to incorporate within their operations by 2028

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 publisher of this 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.

The implementation of digital twins will also enable distributed remote control of assets, which will place an increasingly heavy burden on IoT Identity management, authentication, and authorization. IoT authentication market solutions are also important in support of the “things” involved in IoT, which vary from devices used to detect, actuate, signal, engage, and more. This will become particularly important with respect to digital twin solution integration.

As reflected by the Digital Twin Consortium, we see some of the key industries to lead cyber-to-physical integration and solutions include aerospace, healthcare, manufacturing, military, natural resources, and public safety sectors. In terms of integrating digital twin technology and solutions with telecommunications and enterprise infrastructure, we see a need for careful planning from a systems integration, testing, and implementation perspective. This will be especially important in the case of mission-critical applications.

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Report Benefits:

  • Digital twin solution forecasts 2021 – 2026
  • Understand the different types of digital twinning
  • Identify market challenges and opportunities for digital twinning
  • Understand the role of virtual twinning in development, simulations, and PLM
  • Understand how virtual objects (software programs) function as an abstract of real-world things
  • Understand how virtual reality will support digital twinning and vice versa for advanced simulations and control

Key Topics Covered:

1.0 Executive Summary

2.0 Introduction
2.1 Overview
2.1.1 Understanding Digital Twinning
2.1.2 Cognitive Digital Twining
2.1.3 Digital Thread
2.1.4 Convergence of Sensors and Simulations
2.1.5 IoT APIs
2.1.6 Software Modules and Elements
2.1.7 Types of Digital Twinning
2.1.8 Digital Twinning Work Processes
2.1.9 Role and Importance of Digital Twinning
2.2 Related Technologies and Impact on Digital Twinning
2.2.1 Industrial Internet and Industry 4.0
2.2.2 Pairing Technology
2.2.3 Cyber-to-Physical Systems
2.2.4 AR, VR, and Mixed Reality
2.2.5 Artificial Intelligence and Machine Learning
2.2.6 Additive Manufacturing and 3D Printing
2.3 Potential Application and Outcome Analysis
2.3.1 Maintenance, Repair and Overhaul Operation
2.3.2 Digital Avatar of Consumer Assets
2.3.3 Performance/Service Monitoring
2.3.4 Inspection and Repairs
2.3.5 Predictive Maintenance
2.3.6 Product Design & Development
2.3.7 Composite Assembling/Manufacturing
2.3.8 Potential Business Outcomes
2.4 Digital Twinning Service Ecosystem
2.4.1 Industrial IoT
2.4.2 Consumer IoT
2.4.3 Industry Development
2.4.4 Digital Twinning as a Service

3.0 Digital Twins Company Assessment

4.0 Digital Twins Market Analysis and Forecasts 2021 to 2026
4.1 Global Digital Twins 2021 – 2026
4.2 Digital Twins Market by Type of Twinning 2021 – 2026
4.3 Digital Twins Applications 2021 – 2026
4.4 Digital Twins by Industry 2021 – 2026
4.5 Digital Twins by Region 2021 – 2026

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5.0 Conclusions and Recommendations

Companies Mentioned

  • ABB
  • Allerin Tech Pvt. Ltd.
  • Altair Engineering, Inc.
  • Amazon Web Services
  • ANSYS
  • Aucotec AG
  • Autodesk Inc.
  • Bentley Systems, Incorporated
  • CADFEM GmbH
  • Cisco Systems
  • Cityzenith
  • CoSMo Company SAS
  • Dassault Systems
  • Digital Twin Consortium
  • Digital Twin Technologies
  • DNV GL
  • DXC Technology
  • Eclipse Foundation
  • Emerson
  • Emesent
  • Faststream Technologies
  • FEINGUSS BLANK GmbH
  • Flowserve
  • Forward Networks
  • General Electric
  • Google
  • Hitachi Ltd.
  • Honeywell
  • HP
  • IBM
  • Industrial Internet Consortium
  • Intellias
  • Invicara
  • KBMax
  • Lanner Electronics
  • Microsoft
  • National Instruments
  • NavVis
  • Oracle
  • PETRA Data Science
  • Physical Web
  • Pratiti Technologies
  • Prodea System Inc.,
  • PTC
  • QiO Technologies
  • Robert Bosch (Germany)
  • SAP
  • Schneider
  • SenSat
  • Siemens
  • Sight Machine Inc.
  • Simplifa GmbH
  • Softweb Solutions Inc.
  • Sogeti Group
  • SWIM.AI (US).
  • Synavision
  • Sysmex Corporation
  • TIBCO Software
  • Toshiba Corporation
  • UrsaLeo
  • Virtalis Limited
  • Visualiz
  • Wipro Limited
  • XenonStack
  • Zest Labs

For more information about this report visit https://www.researchandmarkets.com/r/1v61xz


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Artificial Intelligence

Relu Secures FDA 510(k) and CE Marking for Revolutionary Dental Software Relu® Creator

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LEUVEN, Belgium, Oct. 1, 2024 /PRNewswire/ — Relu, a pioneer in artificial intelligence (AI) assisted segmentation for dental labs and software companies, proudly announces the dual achievement of 510(k) clearance by the U.S. Food and Drug Administration (FDA) and CE Mark approval by an EU Notified Body. These regulatory milestones authorize the commercial distribution of the Relu® Creator, the cutting-edge dental tool that enables users to create 3D anatomical models from patients in just minutes.

 
 
FDA clearance signifies compliance with U.S. medical device standards, while the CE Mark confirms adherence to EU regulations for product safety and consumer protection. This dual recognition underscores Relu’s commitment to excellence in the oral health sector.
“We are thrilled to have attained both FDA and CE approval for the Relu® Creator,” stated Adriaan Van Gerven, CTO and Co-founder, of Relu. “These significant achievements are a testament to Relu’s dedication to creating superior technology that meets the highest international safety and quality standards. We’re poised to revolutionize patient and dentist experiences across both continents.”
“This approval paves the way for our advanced technology to enter US and EU dental markets with the highest potential for growth. Having led strategy in Dental, AI and Orthodontic sectors, I consider this achievement a key differentiator that sets Relu® Creator apart. This is a major step forward in Relu’s mission to modernize dental care,” said Bindu Saran, former Global Head of Orthodontic Technology at Straumann, former Sr. Manager of R&D at Ormco, and Board Member at Relu.
The Relu® Creator integrates cutting-edge AI to deliver features such as automated anatomical identification, and enhanced 3D imaging for dental diagnostics and treatment planning. By improving precision and increasing overall efficiency in dental procedures, Relu® Creator is set to be an essential tool for modern dental clinics.
About Relu
Relu is founded in 2019 with the dream of making dental treatments safer and faster. They plug in advanced computer vision and artificial intelligence to automate manual workflows. Their Relu® Engine and Relu® Creator are used by dental lab and software partners for more than thousands of orthodontic and implant treatments every day. Relu is headquartered in Leuven, BE with an office in Boston, MA, USA. Learn more at relu.eu.
© 2024 Relu
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Artificial Intelligence

Danish telecoms giant TDC NET chooses IFS Cloud to boost workforce efficiency and modernize infrastructure

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LONDON, Oct. 1, 2024 /PRNewswire/ — IFS, the leading provider of enterprise cloud and Industrial AI software, today announced that TDC NET, Denmark’s largest provider of telecommunications infrastructure, has chosen to implement IFS Cloud to supercharge operational efficiencies across its business.

A longstanding IFS customer, TDC Net will use the IFS Cloud for Field Service Management to streamline its workforce management (WFM) processes, including field service operations. Implementing IFS Cloud will also allow the Danish telco company to consolidate its WFM systems into a single platform, eliminating process duplication and controlling costs.
IFS Cloud for Field Service Management including IFS Planning and Scheduling Optimization (IFS PSO) will allow TDC NET to assign the right technicians with the appropriate skills to the right jobs and dynamically schedule tasks based on real-time data such as technician availability, location, and traffic conditions. This enhanced efficiency is critical as TDC NET continues its mission to transition its nationwide network infrastructure from copper to fiber, implement IoT solutions, and adopt AI technologies – all in a sustainable way to reach the company’s net zero target in 2030.
Beyond workforce management IFS Cloud will enable TDC NET to consolidate its wider IT operations, removing legacy infrastructure and reducing the number of current systems across the business.
Carsten Rasmussen, Head of IT enablement in TDC Net, said: “As we work towards phasing out copper infrastructure and becoming a modern digital infrastructure provider, consolidating our IT systems is critical. Partnering with IFS and accessing IFS Cloud will give us the field service and resource management capabilities we need to simplify, automate, and build a sustainable architecture that meets the demands of the new digital age.”
Jesper Illum, Country Manager, Denmark, IFS, said: “TDC Net is not only Denmark’s largest provider of telecommunications infrastructure but also a forward-thinking company committed to transforming its operations with fiber and 5G technologies. IFS Cloud will help it scale its systems, increase automation, and improve customer deliveries.”
IFS partner, Infosys, will implement and roll out IFS Cloud and the associated services.
About TDC NET
TDC NET is a Danish telecommunications company focused on building, operating and maintaining telecommunications infrastructure in Denmark. It provides a wide range of services, including fiber broadband and the best 5G mobile network in Denmark. TDC NET plays a key role in digitalising Denmark by investing in and upgrading network infrastucture to ensure high-quality connectivity and access for both individuals and businesses. For more information, please visit tdcnet.com
About IFS
IFS is the world’s leading provider of Industrial AI and enterprise software for hardcore businesses that make, service, and power our planet. Our technology enables businesses which manufacture goods, maintain complex assets, and manage service-focused operations to unlock the transformative power of Industrial AI™ to enhance productivity, efficiency, and sustainability.IFS Cloud is a fully composable AI-powered platform, designed for ultimate flexibility and adaptability to our customers’ specific requirements and business evolution. It spans the needs of Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Supply Chain Management (SCM), Information Technology Service Management (ITSM), and Field Service Management (FSM). IFS technology leverages AI, machine learning, real-time data and analytics to empower our customers to make informed strategic decisions and excel at their Moment of Service™.IFS was founded in 1983 by five university friends who pitched a tent outside our first customer’s site to ensure they would be available 24/7 and the needs of the customer would come first. Since then, IFS has grown into a global leader with over 6,500 employees in 80 countries. Driven by those foundational values of agility, customer-centricity, and trust, IFS is recognized worldwide for delivering value and supporting strategic transformations. We are the most recommended supplier in our sector. Visit ifs.com to learn why.
IFS Press Contacts:
Europe / MEA / APJ: Adam GillbeIFS, Director of Corporate & Executive CommunicationsEmail: [email protected] Phone: +44 7775 114 856
North America / LATAM: Mairi MorganIFS, Director of Corporate & Executive CommunicationsEmail: [email protected] Phone: +44 7918 607 299
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/ifs/r/danish-telecoms-giant-tdc-net-chooses-ifs-cloud-to-boost-workforce-efficiency-and-modernize-infrastr,c4045209
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Artificial Intelligence

TraceLink Releases Amadeus, the First Generative AI Assistant for Accelerating the Digitalization of Supply Networks on the Opus Platform

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Trained on a rich set of information from a unified content repository, Opus Orchestration Architects, Solution Designers, Network Administrators, and those simply interested in learning more about TraceLink’s solutions are empowered with information in seconds
BOSTON, Oct. 1, 2024 /PRNewswire/ — TraceLink, the largest end-to-end digital network platform for intelligent orchestration of the supply chain, today announced the launch of Amadeus, an AI Assistant to help users across the supply chain configure and optimize supply networks. Powered by advanced Large Language Model (LLM) algorithms, Amadeus allows users to find answers across a large volume of the TraceLink University educational content ecosystem, including developer resources, educational “how-to” materials, and technical documentation, delivering detailed, accurate responses tailored to their needs.

Whether navigating through extensive resources, searching for specific content, or exploring related topics, Amadeus provides intelligent answers drawn from a knowledge base refreshed on a daily basis. Its advanced search capabilities and context-aware assistance with source URL and citations ensure a smooth, reliable, current, and efficient content discovery process. With instant access to TraceLink University documents, educational whitepapers, case studies, and more, Amadeus delivers quick, within-seconds responses tailored to specific customer use cases, helping users solve complex business problems with confidence.
“With Amadeus, we are offering a powerful way for customers to engage with the wealth of knowledge within TraceLink University,” said Shabbir Dahod, President and CEO at TraceLink. “By integrating generative AI and LLMs with our extensive content library, Amadeus helps users to quickly find the information they need to optimize their supply chain operations. This is just the beginning of how TraceLink aims to harness AI to further transform supply chain management in the future.”
Amadeus’ AI functionality is further enriched by its robust safeguards. Built-in guardrails and alignment with OpenAI’s safety protocols verify that responses are relevant and accurate, eliminating AI hallucinations and keeping users on track. With these AI safety features built into Amadeus, users receive the most applicable and trusted answers, helping them make informed decisions in real-time. Looking forward, Amadeus will securely integrate content from customers’ own orchestration networks, thereby enabling a powerful AI-driven experience on top of end-to-end supply chain network intelligence to leverage predictions to drive business results.
Learn more about TraceLink’s Opus Magnum release, the only no-code network digitalization platform designed to democratize access to end-to-end supply chain integration and orchestration.
See Opus Magnum live at FutureLink Barcelona 2024, the only thought-leadership, education, and networking event for life sciences and healthcare leaders needing critical intelligence and better collaboration across supply chain relationships, from October 2-4, 2024. With keynotes headlined by the industry’s top thought leaders, a full day of TraceLink University educational sessions, three orchestration tracks led by customers and solution partners, and an immersive product and solution exhibition, this year’s FutureLink will focus on the end-to-end digitalization of your supply chain to link your enterprise systems and processes to the network. Register now.
About TraceLink:
TraceLink Inc. is the largest end-to-end intelligent supply chain platform for life sciences and healthcare, enabling end-to-end orchestration by connecting more than 291,000 healthcare and life sciences entities through its B2N Integrate-Once™ network. Leading businesses trust TraceLink to deliver complete global connectivity, visibility, and traceability of healthcare products, ensuring that every patient gets the medicines they need when needed, safely and securely.
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