The growth can primarily be attributed to the increase in adoption of digital twin in manufacturing industry. By 2022, at least one digital twin will be in use at more than two-thirds of the IoT-enabled businesses.The global digital twin market is segmented by technology into augmented reality & virtual reality, IoT & IIoT, artificial intelligence & machine learning, big data analytics, and others. Out of which, the augmented reality & virtual reality segment is expected to generate the most revenue of USD 62,512.3 million by the end of 2031. Conclusively, the report titled “Global Digital Twin Market: Global Demand Analysis & Opportunity Outlook 2035”, analyses the overall global digital twin market to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global digital twin market in the near future.

Source: The North Africa Journal May 17, 2023 12:42 UTC