Rapid Adoption of Digital Twins Technology in Smart Cities and Automotive Sectors Spurs Market to 2030
DUBLIN, Aug. 9, 2023 /PRNewswire/ -- The "Digital Twins: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Digital Twins estimated at US$9.1 Billion in the year 2022, is projected to reach a revised size of US$126.6 Billion by 2030, growing at a CAGR of 39% over the analysis period 2022-2030.
System, one of the segments analyzed in the report, is projected to record a 38.5% CAGR and reach US$62.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Product segment is readjusted to a revised 40.7% CAGR for the next 8-year period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.2% and 38.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 33.7% CAGR.
Key Topics Covered:
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
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