ICT Industry Reports

  Growing demand for digital manufacturing to drive the global digital twin market through 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 emp...

Growing demand for digital manufacturing to drive the global digital twin market through 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 ...

According to TechSci Research,  Global Digital Twin market is anticipated to grow at a CAGR of 32.34% during the forecast period to reach USD43,264.08 million by 2027. Anticipated growth in the market can be attributed to increasing penetration of smart technologies coupled with accelerated adoption of 5g. 5G supports a huge number of connected devices without lags and can provide longer battery life, which is expected to propel the market for smart technologies, such as digital twin in the upcoming five years. A virtualized dynamic representation that acts as the real-time digital equivalent of a physical object or process is referred to as a digital twin. It employs simulations to profile, anticipate, and optimize the performance of industrial asset using a combination of data and intelligence. Digital Twin is an important component of the Industrial Internet of Things because it enables the automated control and monitoring of industrial assets and processes, including product d...