Digital Twin Market Is Anticipated To Witness A Growth Of CAGR Of 32.34% By 2027
According to TechSci Research report, “ Digital Twin Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027 ” , the global digital twin market is anticipated to witness a growth of CAGR of 32.34% in the forecast period to reach USD43264.08 million by 2027. The primary factors driving the demand for global digital twin market are increasing smart city construction and rapid implementation of advanced technologies like the internet of things, artificial intelligence, and big data analytics in enterprises. Digital twin technology is in high demand from the automotive industry to create a virtual model of automobile components. Automatic and electric vehicles are witnessing massive demand. The deployment of advanced driver-assistance systems (ADAS), automatic emergency braking (AEB), and other cutting-edge automotive technologies emphasize the need for testing and performance evaluation. The growing need for testing and qualit...