Global Cloud Based Simulation Application Market: Snapshot
The global cloud based simulation application market is gaining on the back of increasing use of simulation software applications across a host of industry verticals. Simulation software applications are equipped with inbuilt capabilities to measure, simulate, restructure, and manage risks. This makes cloud based simulation application suitable to provide training, for efficient use of available resources, and to anticipate process outcomes by enhancing process efficiency.
Furthermore, demand for industrial automation and investments from companies in simulation technology and its application with the objective of sustainable development are also anticipated to fuel growth of cloud based simulation application market.
A report by Transparency Market Research (TMR) estimates the global cloud based simulation application market to clock a healthy 11.4% CAGR during the forecast period between 2017 and 2025, for the market to become worth US$8,451.5 mn by the end of 2025 increasing from US$3,259.8 mn in 2016.
Software as a Service Segment to Continue to Dominate
The report studies the global cloud based simulation application market on the basis of solution, application, industry, and geography. On the basis of solution, the market is classified into software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (LaaS). Of them, in 2016, software as a service held more than 50% revenue share of the overall market. In absolute terms, revenue contribution of SaaS segment was US$2,259.5 mn in 2016. Expanding at a CAGR of 11.8% during 2017 and 2025, SaaS segment is anticipated to hold the leading share by the end of 2025. The growth of this segment is mainly because of rising demand for technology-based solutions, and due to the demand for cloud based simulation applications from the manufacturing sector.
In terms of application, the key segments of the cloud based simulation application market include training, process improvement, predicting outcomes, and managing risk. Amongst all, in 2016, process improvement segment held more than 30% market share. The process improvement segment is anticipated to rise at a CAGR of 10.5% during the 2017-2025 forecast period. However, predicting outcomes application segment is anticipated to rise at the leading 12.7% CAGR during the forecast period. The growth of predicting outcomes segment is mainly because it helps to provide investment plan for new product development.
Healthcare to Emerge Attractive in Coming Years
Based on industry, the key segments include manufacturing, media and entertainment, construction, automotive, transportation and logistics, healthcare, defense and aerospace, energy and power, and other. Of them, automotive industry held the leading share of more than 25% of the overall market in 2016. This was followed by defense and aerospace that held more than 18% market share in the same year. However, healthcare is anticipated to display the leading growth rate over the forecast period.
Geographically, the cloud based simulation application market has been bifurcated into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America stood as the leading regional market for cloud based simulation application in 2016; the growth of this market is mainly because of the presence of well established companies that are striving to increase their market share globally. The growth in North America is mainly driven by the U.S. due to the presence of well-resourced cloud contributors that either operate independently or via joint collaborations with local players.
Globally, prominent players in the cloud based simulation application market include ANSYS Inc., Autodesk Inc., Dassault Systemes, Exa Corporation, Fieldscale, MSC Software, Rescale Inc., Siemens PLM Software, SimCore Technologies, SOASTA Inc., and SimScale.
Global Cloud Based Simulation Application Market: Overview
The Cloud Based Simulation Application Market report provides analysis for the period 2015–2025, wherein the period from 2017 to 2025 is the forecast period and 2016 is the base year. The report covers all the major trends and technologies playing a key role in cloud based simulation application market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the said period. The study provides a holistic perspective on the cloud based simulation application market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).
The market overview section of the report demonstrates the market dynamics and trends that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every geographic region in the report, in order to give a thorough analysis of the overall competitive scenario of the cloud based simulation application market. Moreover, the report provides an overview of the various strategies adopted by key players present in the market. Product definition and introduction chapter helps in understanding different technologies of energy storage systems along with their applications which are included in the report.
Global Cloud Based Simulation Application Market: Scope of Study
This report provides all the essential information required to understand the cloud based simulation application market and its growth factors. Also, the report provides insights related to the policies and regulations according to the various geographical regions mentioned above. These policies and regulations are directly or indirectly influencing the cloud based simulation application market. Furthermore, porter’s five forces analysis explains the factors which are currently affecting the cloud based simulation application market. This report also provides the ecosystem analysis for the energy storage systems which explains the participants of the value chain.
Global Cloud Based Simulation Application Market: Market Segmentation
The report segments global cloud based simulation application market on the basis of solution, application, industry and geography. On the basis of solution, the market is segmented into software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (LaaS). The market on the basis of application is segmented into training, process improvement, predicting outcomes, and managing risk. Industry include, manufacturing, media & entertainment, construction, automotive, transportation & logistics, healthcare, defense and aerospace, energy & power and others. Thus, the report provides in-depth cross-segment analysis of the cloud based simulation application market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.
On the basis of country, North American market is divided into The U.S., Canada and Rest of North America. Similarly, Europe market is divided into Germany U.K., France, and Rest of Europe. Asia Pacific has been segmented into China, Japan, India, South Korea and Rest of Asia Pacific. Middle East and Africa covers the G.C.C., South Africa and Rest of Middle East and Africa. Similarly, South America region includes Brazil, Argentina and Rest of South America
Global Cloud Based Simulation Application Market: Competitive Landscape
The report also highlights the competitive landscape of the cloud based simulation application market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive cloud based simulation application market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the porter’s five forces and value chain along with the current market dynamics affecting the cloud based simulation application market growth.
ANSYS Inc., Autodesk Inc., Dassault Systemes, Exa Corporation, Fieldscale, MSC Software, Rescale Inc., Siemens PLM Software, SimCore Technologies, and SimScale, SOASTA, Inc. are some of the major players operating within the global cloud based simulation application market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Cloud Based Simulation Application Market
- Software as a Service (SaaS)
- Platform as a Service (PaaS)
- Infrastructure as a Service (IaaS)
- Process Improvement
- Predicting Outcomes
- Managing Risk
- Media & Entertainment
- Transportation & Logistics
- Defense and Aerospace
- Energy & Power
- North America
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America