Market Research Report

India Predictive Twin Market Analysis, 2020

By Product Type (Parts Twin, Product Twin, Process Twin, System Twin), By Deployment (Cloud, Hybrid, On- Premise), By Application (Machine and Equipment Health Monitoring, Predicti...ve Maintenance, Dynamic Optimization), By End Users (Aerospace & Defense, Automotive, Agriculture, Healthcare & Pharma, Others), By Country (North, South, East, West), By Company (General Electric, PTC, Siemens, Dassault Systems, IBM Corporation, ANSYS, Microsoft Corporation and Oracle Corporation etc.) Read more

  • ICT & Electronics
  • Sep 2020
  • Pages 121
  • Report Format: PDF, Excel, PPT

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Predictive twin, also known as digital twin, is an exact replica of the physical equipment, which helps in monitoring, analyzing a physical asset, and optimizing systems & processes.

India Predictive Twin Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of India Predictive Twin market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.

Market Opportunities

According to MarkNtel Advisors’ research report titled “India Predictive Twin Market Analysis, 2020”, the India Predictive Twin market is anticipated to grow at a CAGR of 26% during 2020-25F.  The driving factors for the growth of the market is attributed to rising demand for cloud-based platforms, increasing adoption of advanced technologies such of the internet of things (IoT), and impending need for cost-effective solutions for industrial manufacturing. Moreover, the augmenting use of industrial internet of things (IIOT) in various end users for manufacturing and designing is strongly contributing to the growth of Predictive Twin market in the forecast period.

Market Segmentation

Machine & Equipment Health Monitoring Acquired the Considerable market share

Based on application, machine & equipment health monitoring segment acquired the considerable market share in 2019 and is projected to dominate the market over the forecast timeline. The extensive requirement for cost-effective operations in the manufacturing & automotive sector and the burgeoning use of advanced analytics such as big data analytics in predictive twin in order to help in diagnose the defect in equipment beforehand are anticipated to promote the growth of Predictive Twin market in India in the coming years as stated in the MarkNtel Advisors’ research report “India Predictive Twin Market Analysis, 2020”. 

The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.

 



Frequently Asked Questions

   A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.

  1. Introduction
    1. Market Segmentation
    2. Product Definition
    3. Research Process
    4. Assumptions
  2. Executive Summary
  3. India Predictive Twin Market Overview
  4. Expert Verbatim- What our Experts Say?
  5. Impact of Covid-19
  6. India Predictive Twin Market Analysis, 2015-2025F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Product Type
        1. Part Twin
        2. Product Twin
        3. Process Twin
        4. System Twin
      2. By Deployment
        1. Cloud
        2. On Premise
        3. Others
      3. By Application
        1. Machine and Equipment Health Monitoring
        2. Predictive Maintenance
        3. Dynamic Optimization
      4. By End-Users
        1. Healthcare & Pharma
        2. Automotive & Transportation
        3. Marine
        4. Energy & Utilities
        5. Aerospace & Defense
        6. Consumer Electronics
        7. Others
  7. India Predictive Twin Market Trends & Insights
  8. India Predictive Twin Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  9. India Predictive Twin Market Hotspot & Opportunities
  10. India Predictive Twin Market Key Strategic Imperatives for Success & Growth
  11. Competition Outlook
    1. Competition Matrix
      1. Target Markets
      2. Target End Users
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles
      1. Siemens
      2. PTC
      3. GE
      4. IBM
      5. Oracle
      6. SAP
      7. Others
  12. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making