Lewes, DE -- (SBWIRE) -- 03/12/2018 -- Report forecast the global chemical software market to grow at a CAGR of 11.36% during the period 2018-2022.

Chemical software is used in the chemical industry for various purposes, such as chemical engineering, chemical mixing, building database, inventory management, International Standards of Organization (ISO) management, uncertainty analysis, practical tracking, visualization software, enterprise resource planning (ERP), and others.

The report covers the present scenario and the growth prospects of the global chemical software market for 2018-2022. To calculate the market size, the report considers the revenue generated from the chemical software.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is Digital transformation and automation of chemical industry. Digitization of the chemical industry in numerous developed nations, such as the US, Germany, France, Italy, and China, has created the demand for IT solutions. The digital transformation of the chemical industry is a key driver in the adoption of the chemical software in the chemical industry. Modernization of the chemical industry has increased the procurement of most advanced IT solutions, such as chemical process simulation, inventory management, analytics, and IoT, to reduce waste and enhance productivity.

Further, the report states that one of the major factors hindering the growth of this market is System integration and interoperability glitches. System integration often arises when software or infrastructure solutions are deployed on legacy IT infrastructure of organizations. Technical glitch arises during the implementation and execution phase due to differences in chemical plant capacity to adopt digitization. This sometimes happens as service providers do not evaluate the existing architecture of their customers and try to integrate cloud-based solutions on existing IT architecture. Technical glitches hamper the business continuity process of organizations, which can also lead to monetary loses.

Global Chemical Software Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global chemical software market: ANSYS, Frontline Data Solutions, RURO, and SFS Chemical Safety

Market driver
- Digital transformation and automation of chemical industry
- For a full, detailed list, view our report

Market challenge
- System integration and interoperability glitches
- For a full, detailed list, view our report

Market trend
- Capacity expansion of chemical manufacturers in APAC
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 106 pages "Global Chemical Software Market 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Market Segmentation By Application, Customer Landscape, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.

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