According to a Deloitte study, the global market for digital twins (DT) is expected to grow by a 38% CAGR to reach $16 billion by 2023, with the proliferation of Internet of Things (IoT) technology accelerating this growth. DT is one of the most important technologies in Industry 4.0 available today. It is changing the way companies create, research, and optimize diverse processes, and it is firmly rooted in many industries, such as manufacturing or supply chains.
