Global Digital Twin Technology market will reach13.0 Billion US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/27

The global digital twin technology market is driven by rising investment in research and development, progress in smart technology, and increasing digitization of documents.  The digital twin technology market allows the user to monitor the performance of the system and also helps to track the progress status of the physical product growth cycle. This led to the growth of the global digital twin technology market over the forecasted period.

However, rising cyber-attacks and less awareness about digital technology in rural areas may hinder the growth of the global digital twin technology in the coming years.

According to the report, the global digital twin technology market is projected to record a CAGR of 32.4% between 2019 and 2025 to touch a value of more than US$ 13.0 Bn by the end of 2025. In 2018, the global market was valued at an over US$ 1,800 Mn.

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https://www.qyresearch.com/index/detail/918863/global-digital-twin-technology-market
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