The simulation software market is projected to reach $20.27 billion in terms of revenue by 2031 at a CAGR of 15.3%, reveals the premium market intelligence study by BIS Research.
Simulation software is increasingly being used to model system operations, processes, and product design, enabling different user types to study relationships between processes and systems. Increasing demand for effective solutions to reduce production and training costs and increasing capabilities of simulation software toward advanced technologies such as AR/VR, digital twins, and 3D printing are fueling the growth of the simulation software market.
The adoption of simulation software can help address industries’ important and immediate needs in reducing time, cost, and effort to manufacture goods.
The detailed study is a compilation of 289 Market Data Tables and 39 Figures spread through 292 Pages and in-depth TOC on “Simulation Software Market– Analysis and Forecast, 2021-2025”
USP of the Report
- A dedicated section focusing on startup landscape in the global simulation software market covering key startups in the ecosystem, funding analysis, major and top investors in the industry
- Extensive competitive benchmarking of top 15 players offering a holistic view of the global simulation software market landscape
- Qualitative and quantitative analysis of the global simulation software market at the region and country-level and granularity by application and product segments
- Detailed analysis on industry verticals broken down into verticals to understand the adoption and market size of simulation software in various and sub-industries
- Detailed COVID-19 impact on various manufacturing sectors in all the major geography along with short-, medium-, and long-term impact on the adoption of simulation solutions
- Extensive analysis of major OEMs in different industry vertices covering plant-level user group analysis and a potential number of users for CAD software. Focus on COGS and CAGR of each plant
- A detailed study on on-cloud vs. on-premise infrastructure for major OEMs. Focus on PLM software used by major OEMs and IT infrastructure philosophy
Analyst’s Take on the Market:
According to Dhrubajyoti Narayan, Lead Analyst, BIS Research, “The number of potential users for manufacturing simulation software can grow five folds compared to the current situation. This is possible if affordable and targeted offerings are made accessible to companies. The presence of existing cloud-based infrastructure and the ability to respond to fast-moving demands from the consumer would land the suppliers a competitive advantage in the near future while negotiating contracts.“
View the report from BIS Research at Simulation SoftwareMarket
Key Companies Operating in the Market and Competition Landscape
ANSYS, Inc., SAP SE, Altair Engineering, Inc., Applied Intuition, Inc., Autodesk Inc., AVL List GmbH, Cognata, Dassault Systèmes, dSPACE GmbH, Foretellix, VIRES Simulationstechnologie GmbH, NVIDIA Corporation, rFpro, The MathWorks, Inc., LG Electronics
The companies profiled in the report have been selected post-in-depth interviews with experts and understanding details of companies such as their product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the global simulation software market.
Who Should Buy this Report?
- Design Engineers
- Electrical Engineers
- Manufacturing Engineers
- Sourcing Users
- Quoting Users
- and Simulation Software Manufacturers
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Key Questions Answered in the Report:
- What are the underlying structures resulting in the emerging trends within the global simulation software market?
- What are the driving factors for the global simulation software market from 2019 to 2025?
- Which factors are impeding the growth of the global simulation software market?
- What is the current and future adoption of simulation software in different regions?
- What are the growth opportunities and critical success factors for participants to compete in the global simulation software market?
- Who are the major players, and what strategic measures are being taken to increase their presence and market share?
- Which application is expected to lead the global simulation software market by 2025?
- Which region is expected to lead the global simulation software market by 2025?
- How is the industry expected to evolve during the forecast period 2021-2025?
- What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
- What has been the impact of COVID-19 on the global simulation software market?
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