The use of digital twins — virtual representations of actual or envisioned real-world objects — is growing. Their uses are multifold and can be incredibly helpful, providing real-time models of physical assets or even people or biological systems that can help identify problems as or even before they occur.
Grand View Research has predicted that the global digital twin market, valued at $11.1 billion in 2022, will grow at a 37.5% compound annual growth rate from 2023 to 2030 to eventually hit $155.83 billion.
