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How the Digital Twin Market is set to grow massively over the next 5 years
A recent Markets & Markets report
estimated the Digital Twin market will grow from $3.8 billion in 2019,
to $35.8 billion per year by 2025, at a CAGR of 45.4%. Digital Twin
software is already revolutionizing industries such as Healthcare,
Architecture, Aerospace, Defence, and Automotive & Transportation.
Furthermore, the global Smart Infrastructure market, which includes the Digital Twin sector, is expected to thrive at a considerable CAGR between 2020 and 2025 as demand for the Smart Infrastructure has been a booming year on year, reports Market Research Explore. The report for the global Smart Infrastructure market, named Siemens, Cityzenith, and Black & Veatch, as the leading companies in the sector.
What is a Digital Twin?
Digital Twins bridge the digital and physical worlds. Digital Twins are virtual replicas of buildings, infrastructure and physical assets, fully interconnected with the data in and around them that optimize project performance, and help predict and visualize future outcomes.
The world's most advanced Digital Twin software, SmartWorldPro is delivering value across multiple functional areas like maintenance, energy consumption, space utilization and traffic management, Cityzenith’s Digital Twin platform, SmartWorldPro, aggregates and analyzes information needed to design, build, and run projects at any scale.
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