The report provides an in-depth analysis of the global simulation software market for the period 2017 – 2025, wherein 2016 is the base year, data for the year 2015 is considered as historical information and the years from 2017 to 2025 is the forecast period.
Albany, NY -- (SBWIRE) -- 06/22/2018 -- According to the research study, the global market for simulation software is anticipated to reach US$16.7 bn by 2025 end. The opportunity in this market is expected to rise at a CAGR of 9.33% during the period from 2017 to 2025. Simulation software has found a widespread application in the automotive industry and the sector is projected to remain the leading end user of this software in the years to come. Among components, software, especially, cloud-based software are witnessing a considerably high demand. The segment is anticipated to acquire dominant position in the market over the next few years, contributing US$11.54 bn by 2025 end in terms of revenue, notes the market study.
North America is estimated to dominate this market in the near future, thanks to the presence of a number of established players. Asia Pacific, on the other hand, is projected to emerge as the most promising regional market in the years to come. The growth in the Asia Pacific market can be attributed to the increasing usage of simulation software in the construction industry, owing to the rise in the government investment in several smart city projects, especially in India, reports the research study.
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The report also provides compound annual growth rate (CAGR %) from 2017 to 2025 for all the segments in the scope of study. The report covers key trends prevailing in the global simulation software market over the forecast period. The study also describes various factors impacting the global simulation software market growth during the forecast period including market drivers, restraints, and opportunities.
Global Simulation Software Market: Research Methodologies
The study provides a holistic perspective on global simulation software market growth in terms of revenue estimates (in US$ Mn) globally. The market estimates have been analyzed by taking into account the impact of various economic, political, technological, social, and legal and the existing market dynamics influencing market growth. The report would include executive summary, providing the overview of the global simulation software market. The report provides industry development and key market indicators for the global simulation software market. Furthermore, report provides market attractiveness analysis, for each segment based on their CAGR and market share. There is an inclusion of porter's five forces analysis about the industry competition, market dynamics and the most profitable segments in the market. This research study on the global simulation software market provides a detailed cross segment and cross country analysis based on the different segments including components and end-use industry.
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Global Simulation Software Market: Segmentation
Based on the components, the market is segmented into software, and services. The software segment is further bifurcated into on-premise based and cloud based software. Furthermore, the services segment is bifurcated into consultancy and training, and others. Others include education services and technical support. Additionally, by end-use industry, the simulation software market is segmented into automotive, aerospace & defense, healthcare, semiconductor, AEC (Architecture, Engineering, Construction), others. Others includes energy & power, and retail. The report also covers profiles of major players, their growth strategies and focuses on the recent developments under the competition matrix section and includes market positioning analysis of key players operating in the simulation software market.
The competition matrix for key players in the global simulation software market notes their capabilities and growth potential and also benchmarks the key companies in the global simulation software market on the basis of top line growth, market share, segment growth, infrastructure capabilities, market position, product offerings, R&D focus and future outlook.
Global Simulation Software Market: Competitive Landscape
Under the company profiles section, the report also includes an overview of the players operating in the market, the annual revenue generated by them in the past two or three years, SWOT analysis, regional breakdown and their relevant business segment revenue. The report also contains market share analysis of the key players in the simulation software market for the year 2016 based on their revenues generated for the same year.
The key players profiled in this report include – Altair Engineering, Inc., The AnyLogic Company, SimScale GmbH, ESI Group, Autodesk Inc., Dassault Systemes, ANSYS, Inc., The MathWorks, Inc., Siemens Product Lifecycle Management Software Inc., and Synopsys Inc. among others
The global Simulation software market has been segmented as follows:
Global Simulation software market, by Components
Global Simulation software market, by End-use Industry
Aerospace & Defense
AEC (Architecture, Engineering, Construction)
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Global Simulation software market, by Geography
Rest of North America
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East and Africa (MEA)
Rest of MEA
Rest of South America