In recent years, this technology has gained prominence in the manufacturing sector, owing to rapid digitization. The ongoing Industry 4.0 revolution is, therefore, expected to help the digital twin market progress at an exceptional CAGR of 50.0% during 2020–2030. The market revenue is projected to surge from $3,210.1 million in 2020 to $184,517.4 million by 2030. Industry 4.0 is transforming the manufacturing and distribution process of production facilities by integrating advanced technologies, such as cloud computing and analytics, ML, internet of things (IoT), and artificial intelligence (AI), and advanced sensors. Currently, enterprises monitoring or managing multiple systems of the same type of assets are using digital twin aggregates to collect data from all systems. The deployment of a common platform enables easy identification and analysis of similar patterns and trends, which further helps in the refinement of the systems. Bringing all digital twins on a common platform allow...