Digital twins market value
Digital twins market value
With Gartner predicting it to be one of the trends of the decade , the digital twin market will likely reach US $ 183bn in revenue by 2031 . Product leaders must build ecosystems and libraries of prebuilt function and vertical market templates to drive competitiveness . can be utilised to simulate alternate scenarios and implement the one that results in improved efficiencies to meet the Scope 1 purview . Companies will benefit from wider use of digital twins within their own manufacturing processes , buildings , data centres , and logistics .
“ Another example could be where a company utilises digital twins to dynamically choose between alternative energy sources , where possible , and reduce reliance on traditional energy sources . This utility is evident in the projected growth of the digital twins market to over 10-fold of what it is today , within the next five years .”
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