NEW YORK, Dec. 18, 2017 /PRNewswire/ -- The simulation
software market is projected to grow at a CAGR of 16.5%
MarketsandMarkets expects the global simulation software market to
grow from USD 6.26 billion in 2017 to
USD 13.45 billion by 2022, at a
Compound Annual Growth Rate (CAGR) of 16.5% during forecast period.
The increased need for eco-friendly environments and the growing
number of Small and Medium-Sized Enterprises are expected to be
driving the growth of the simulation software market. The lack of
standards and benchmarks in the simulation and analysis technology
and the integration complexities in the simulation and analysis
tools are expected to act as restraints for the growth of the
market
Read the full report: https://www.reportlinker.com/p05250882
Cloud-based deployment mode is expected to have the largest
market share during the forecast period
In the simulation software market, the cloud deployment mode offers
multiple benefits, such as reduced operational and maintenance
costs, fewer complexities, and more scalability. The simulation and
analysis solution providers are focusing on the development of
robust cloud-based solutions for their users, as many organizations
have started adopting the cloud-based deployment mode.
Additionally, the cloud deployment mode is user-friendly and easy
to access
Aerospace and defense vertical is expected to have the largest
market size during the forecast period
Simulation and analysis software and services are predominantly
applied in the aerospace and defense verticals for various
purposes. For instance, in the aerospace vertical, simulation and
analysis technology is used for designing aircrafts and its parts.
On the other hand, in the defense vertical, this technology is used
for designing the defense equipment and training the soldiers
North America is expected to
have the largest market in the simulation software market during
the forecast period
Among the regions, North America
is expected to have the largest market size in the simulation
software market during the forecast period. The North American
region has shown increased investments in the market, and several
vendors have evolved to cater to the rapidly growing market. A
considerable growth is expected in the region during the forecast
period.
The major initiatives taken for the growth of the simulation and
analysis technology have their origin in this region. In this
region, the enterprises and governments have positively adopted the
simulation and analysis technology to enhance the products and the
process of manufacturing in the industrial manufacturing and
automobile industries.
In-depth interviews were conducted with Chief Executive Officers
(CEOs), marketing directors, innovation and technology directors,
and executives from various key organizations operating in the
simulation software market.
- By Company Type: Tier I: 18%, Tier II: 40%, and Tier III: 42%
- By Designation: C-Level: 28%, Director Level: 34%, and Others:
38%
- By Region: North America: 42%,
EMEA: 28%, and APAC: 30%
The report includes the study of the key players offering
simulation and analysis solutions, hardware, and services. Altair
Engineering (US), Bentley Systems (US), ANSYS (US), PTC (US),
Siemens PLM Software (US), Autodesk (US), CPFD Software (US),
Cybernet Systems (US), and Dassault Systemes (France) are a few companies that have been
profiled in the report. The report includes an in-depth competitive
analysis of these key simulation software market players, along
with their company profiles, which include business overviews,
product offerings, recent developments, and market strategies.
Research Coverage
The simulation software market has been segmented on the basis of
components (software and services), applications, deployment modes,
verticals, and regions. The simulation and analysis software
segment includes Computational Fluid Dynamics (CFD),
Electromagnetic Waves (EMW), and Finite Element Analysis (FEA).
The services segment includes design and consulting, and support
and maintenance. The application segment includes eLearning and
training, and R&D. On the basis of deployment modes, the
simulation software market has been divided into the cloud and
on-premises deployments. On the basis of verticals, the market has
been segmented into automobile, aerospace and defense, electrical
and electronics, industrial manufacturing, healthcare, education
and research, and others. The other verticals include retail,
mining, telecommunication, consulting, entertainment, and energy
and power. Finally, on the basis of regions, the simulation
software market has been segmented into North America, Europe, Asia
Pacific (APAC), Middle East
and Africa (MEA), and Latin America.
The report will help the market leaders and new entrants in the
simulation software market in the following ways:
1. The report segments the market into various subsegments, hence
it covers the market comprehensively. The report provides the
closest approximations of the revenue numbers for the overall
market and the subsegments. The market numbers are further split
across various verticals and regions.
2. The report helps in understanding the overall growth of the
market. It provides information on the key market drivers,
restraints, challenges, and opportunities.
3. The report helps in understanding the competitors better and
gaining more insights to strengthen their positions in the market.
The study also presents the positioning of the key players based on
their product offerings and business strategies.
Read the full report: https://www.reportlinker.com/p05250882
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