Building Twin Market: A Deep Dive into the Future of Digital Construction
The global Building Twin market is on the brink of explosive growth, with its size projected to increase from USD 2.1 billion in 2024 to an impressive USD 13.3 billion by 2029. This represents a staggering CAGR of 44.7% during the forecast period, underscoring the transformative impact of digital twins on the construction and real estate industries.
What is a Building Twin?
A Building Twin is...
System Digital Twins to boost Digital Twin Market during Forecast Period 2019-2025
The digital twin market is estimated to grow from USD 3.8 billion in 2019 to USD 35.8 billion by 2025, at a CAGR of 37.8%. Declining time and cost of product development and unplanned downtime with the adoption of digital twins, increasing adoption of emerging technologies such as IoT and cloud, and growing use of digital twin for predictive maintenance are among the factors fuelling the growth of...