The global Digital Twin market is projected to expand from $21.1 billion in 2024 to $119.8 billion by 2029, achieving a remarkable CAGR of 41.6%. Digital twins, driven by advancements in IoT, AI, and cloud computing, are revolutionizing manufacturing, healthcare, energy, and smart cities through predictive analytics and real-time optimization.
The Smart Factory represents the future of manufacturing, integrating advanced technologies like IoT, AI, and robotics to enhance productivity, quality, and sustainability. With real-time data and automation, these factories drive efficiency, adaptability, and environmental responsibility, positioning manufacturers for global competitiveness.