ICT Market Analysis Report

The research report comprises detailed and reliable analysis of the Global Digital Twin Market by considering the key factors that drive or restrain the market growth. It also presents the current & historical market scenarios, key trends & dynamics of the industry, and the impact of the Covid-19 pandemic on the Global Digital Twin Market. Further, the report also highlights a futuristic outlook to market remuneration & expansion in the post-Covid-19 scenario. Market Opportunities A Digital Twin is the virtual replica of a physical device used to run the simulations before deploying an actual device. Its development involves multiple IoT sensors that collect real-time data during the product development phase, analyze it, and update themselves as per the working conditions. According to the MarkNtel Advisors’ research report, " Global Digital Twin Market Analysis, 2021," the market is likely to grow at a CAGR of around 58% during 2021-26. The market growt...

The industrialized world is under constant transformations, with various technological developments that have enhanced facilities & features in the supply chain to make the overall production & manufacturing experience better. More & more industries are incorporating advanced technologies in their manufacturing facilities & shop floor activities due to their increasing focus on maintaining the asset health of heavy industrial equipment and reduced operational efficiencies associated with the aging infrastructure.   Moreover, there is a significant amount of risk associated with the operational activities in industries, such as oil & gas, aviation, automotive, and healthcare. Consequently, there are monetary & human losses with the failure of that equipment when applied in real-time. Hence, across various industries, there is a surging need for a technology that can virtually analyze the behavior of assets before they get implemented in real-time. ...