![]() The prominent players in the global digital twin market are: It is a critical component of the industrial internet of things as it enables automated vehicle control and monitoring of industrial assets and functions such as design, product development, manufacturing planning, business, investment execution management, process optimization, and others. It profiles, predicts, and optimizes industrial asset performance using simulation models and data intelligence. Request To Download Sample of This Strategic Report Ī digital twin is a dynamic model of a virtual machine that provides a real-time online equivalent of a physical object or process. The global digital twin market size is estimated to reach US$ 129.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 39.4% during the forecast period from 2022 to 2030. The global digital twin market size was US$ 6.5 billion in 2021. By utilizing expert research and forecasting tools, the report also offers scientific projections of key development indicators for the sector. The research report gathers its information primarily from authoritative sources such as trade groups, publications, news releases, national customs, annual reports of businesses, expert interviews, and paid databases. It aims to assist businesses and organizations in understanding industry growth drivers and making informed decisions regarding their strategies and investments. ![]() ![]() According to the recent study on the global Digital Twin market released by Report Ocean, the report provides valuable information on market segmentation, regional revenue analysis, and the growth rate of the leading industry players.
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