Digital Twin Market Size Is Anticipated To Reach USD 155.83 Billion By 2030
San Francisco, 22 Feb 2023: The Report Digital Twin Market Size, Share & Trends Analysis Report By End-use (Manufacturing, Agriculture), By Solution (Component, Process, System), By Region, And Segment Forecasts, 2023 - 2030 The global digital twin market size is projected to reach USD 155.83 billion by 2030, registering a CAGR of 37.5% from 2023 to 2030, according to a new study by Grand View Research Inc. Digital twin technologies were primarily developed and deployed in manufacturing, aerospace, and automotive sectors for designing and simulating component and system twins. However, the rising need for virtualization and automation as well as the emergence of technologies such as the Internet of Things (IoT) and artificial intelligence has opened up new avenues for digital twin solution providers across industries such as retail, real estate, banking and finance, and healthcare, thereby driving the market growth. Digital twins enable enterprises to create virtual representa