Rising demand for cloud-based platforms and the growing popularity of internet of things IoT are major factors driving the growth of digital twin market Increase in the demand for cost-effective solutions for industrial manufacturing is another major factor fuelling the growth of the digital twin market The dominant use of industrial internet of things for manufacturing and designing is one major factor driving the growth of digital twin market The major restraint that is faced by the digital twin market is managing all the design files for the digital twin among the suppliers and the distributors Posing a challenge to the market for digital twin technology on the other hand is the frequent cyber-attacks