The Digital Twin market study Added by DataIntelo provides an in-depth analysis pertaining to potential drivers fuelling this industry. The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. The study further draws attention to the competitive backdrop of renowned market contenders including their product offerings and business strategies.
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The global digital twin market size was valued at USD 2.26 billion in 2017 and is expected to expand at a CAGR of 38.2% from 2018 to 2025. Digital twins can be described as dynamic digital or virtual replicas of physical assets or produ
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cts. The technology is being used across numerous end-use industries owing to its potential in improving production layout, reducing operational costs, enhancing productivity of the existing system, and reducing the Time to Market (TTM)
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