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Digital Twin Market to Grow at a CAGR of 24.7%

Globalization has made companies focus more on digitalization both in the business and consumer market places. Over the past few years, IoT has been reaching milestones in the world of technology and it has paved the path for the evolution of various new technologies for enterprises.
Digital twin is one such technology which is changing the industry dynamics. Digital twin refers to simulation modules of a physical object.

Digital Twin

Digital twin works on a simulation platform connected to a predictive analytics platform and it integrates several manufacturing assets, underlying parts, and system processes in real-time with the help of sensors and communicates to the operator in a simulation module.
The digital twin market is expected to grow at a CAGR of 24.7% during the forecast period 2017-2023.

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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