Digital Twin Market Digital Technologies 

Surge in Adoption of Industrial IoT is Likely to Push the Growth of Digital Twin Market Significantly

The advent of digital technology in the past decade has helped in the evolution of various industries, including manufacturing, automotive, aviation, energy and utilities, and healthcare, among others, in terms of asset optimization, connectivity, cost reduction, enhanced safety measures, and convenience of users. Digital twin is one such technology, which is known for disrupting the industrial and commercial operations with its capability to create a virtual image of the actual object/machine by simulating the real-time process and technical data using Internet of Things (IoT). Additionally, the reduction in process downtime…

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Extended Reality Digital Technologies 

3 Major Products That are Part of Extended Reality

What is Extended Reality? Extended reality (XR) is the blend of real and virtual world, creating a completely immersive world.  It is a broader term for all types of immersive technologies. According to the recent market intelligence published by BIS Research, the extended reality market is expected to reach $333.16 billion by the end of 2025. The market is set to witness a growth of 50.9% during the forecast period, 2020-2025. The market is set to grow tremendously and is witnessing several investments and funding. For instance, in March 2021,…

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