The Future is Digital: Exploring the Growth of the Digital Twin Market
Digital Twin Industry Overview The global digital twin market size is projected to reach USD 155.84 billion by 2030, registering a CAGR of 35.7% from 2024 to 2030, according to a new study by Grand View Research Inc. Increasing public and private investments in digital transformation solutions, rising significance of smart factories, and global proliferation of cloud-based platforms are collectively contributing to market growth. The digital twin facilitates enterprises to efficiently reduce expenses and increase revenue. Various factors, such as social media, cloud computing, and process automation, also contribute to the use of digital twins to increase process efficiency and propel market expansion. Gather more insights about the market drivers, restrains and growth of the Digital Twin Market The emergence of advanced technologies, such as robotic process automation (RPA), the Internet of Things (IoT), artificial i...