Anastasiia A. Kravchenko The Evolution of Digital Twin Technology on Gartner Cycle for the Period 2016–2024

DOI: 10.38050/2078-3809-2025-17-2-88-110

Abstract

Digital twins (DT) are one of the key technologies in the era of digital transformation.  The Gartner Analytical agency offers an important tool for analyzing the level of technology maturity and forecasting its further development, which in turn allows us to identify trends that contribute to the further evolution of the technology.

The purpose of the article is to analyze the place of technology on the Gartner curve and identify the features of its evolution in the context of digital transformation over the period 2016-2024.  The study used the method of comparative analysis of Gartner curves, which showed that data centers are at the stage of inflated expectations in a number of areas, but in industry they are gradually moving to the stage of reaching a plateau of productivity.

Based on the analysis of Gartner curves and forecasts of the growth of the twin market, it was concluded that this technology will be increasingly in demand in industry to improve business processes, manage the organization, and increase efficiency. Also, the analysis revealed a growth trend in the DT market and financial indicators, and the ten-year forecast of market development indicates a trend towards 39% CARG in the period 2024-2033.

Keywords: digital twin, digitalization, Industry 4.0., process modeling, digital modeling, digital transformation.

JEL: M15, O31, O32, O33.

For citation: Kravchenko, A.A. (2025) The Evolution of Digital Twin Technology on Gartner Cycle for the Period 2016–2024. Scientific Research of Faculty of Economics. Electronic Journal, vol. 17, no. 2, pp. 88-110. DOI: 10.38050/2078-3809-2025-17-2-88-110.

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