Page 79 - BENTLEY SYSTEMS PR REPORT - SEPTEMBER 2024

9/19/24, 2:42 PM Bentley Systems Doubles Down on Digital Twins in Recent Acquisition - XR Today
Moreover, Bentley Systems is taking internal steps towards an open cloud framework to give users greater
control over their spatial data and bespoke application development. To support this move, Bentley System also
debuted an open-source databasing solution.

Moutte remarked that Bentley System’s open-source vision looks to “double down” on adopting open standards
for spatial data in infrastructure sectors.

Reasons for Enterprises to Invest in Digital Twins

The global digital twin market is growing at a CAGR of 41% and is projected to reach a value of $240.3 billion
by 2035. This remarkable growth is attributed to new use cases for digital twins in various enterprise settings.

Digital twins offer numerous benefits, such as helping companies track and improve employee performance,
optimise resource allocation, and facilitate the transition to remote and hybrid work setups. The technology
presents countless opportunities for companies across different sectors, including industrial and enterprise
environments. By leveraging digital twins, companies can increase productivity, enhance employee and
customer satisfaction, cut costs, and reduce environmental impact.

Notably, the leading computing firm NVIDIA has significantly invested in digital twin and simulation
technology for enterprises. At GTC earlier this year, CEO Jensen Huang said, “the future of heavy industries
starts as a digital twin,” he also explained that NVIDIA’s digital twin and AI platforms unite to initiate the next
generation of industrial workflows, such as helping robots navigate and understand factory environments via
virtual simulations.

The value of digital twins appears to be increasing, with hardware and software providers looking at ways to
make the technology more accessible so more businesses can leverage the merging technology.

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