In 2023, the global digital twin market was valued at USD 16.75 billion and is anticipated to expand at a compound annual growth rate (CAGR) of 35.7% from 2024 to 2030. Digital twin technology, which creates virtual replicas of physical systems, is gaining popularity as it bridges the gap between the digital and physical worlds. This technology's ability to streamline operations, optimize...

Digital Twin Industry Overview The global digital twin market was valued at USD 16.75 billion in 2023 and is projected to experience significant growth at a compound annual growth rate (CAGR) of 35.7% from 2024 to 2030. Digital twin technology is rapidly gaining momentum due to its ability to bridge the gap between the physical and virtual worlds, making it a key enabler for various industries....