Click image to view it in full size

Digital twins (DTs) are not a novelty. Different industry verticals have been benefiting from DTs for decades. However, technological enablers such as artificial intelligence, blockchain, and 5G are expanding the limits of DTs and opening up the concept. The next generation of plants and factories are starting to demonstrate success in complementing the physical world with the virtual world. In this regard, DTs act as the bridge connecting these traditionally separate realms.

The aim of this study is to represent the transformational potential of digital twins and their impact on companies´ growth. It analyzes the growth prospects of digital twins in industrial applications, explores the most innovative use cases, and details how technological enablers are shaping the market. Frost & Sullivan also highlights the main growth opportunities that industry players should consider for positive disruption of traditional business models.