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Learn details of the Global digital twin market opportunities & forecast 2016-2021

IT Market Research

The global digital twin market has witnessed a substantial growth in recent years. The increase in the adoption rate of internet of things devices and cloud platforms as well as increased focus towards improving the business performance in terms of cost-effectiveness, process optimization as well as time to market are the key factors fuelling the growth of the digital twin market.

In addition, the new technological advancements in the area virtual and augmented reality will further help the market to grow at a substantial rate during the forecast period.

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The electronics and electrical/machine manufacturing industry is estimated to hold the largest share in digital twin market in 2016.