Global Simulation Software Market: Overview
Simulation software helps in predicting any system’s behavior in real world situations. Simulation software can be used to identify and estimate product’s design, detect problems in the design, and test a system or a product with conditions that are complex to reproduce. Furthermore, it helps manufacturers to make improved decisions related to the design at much less cost, as they can make virtual models to face the forces from the real-world. Additionally, it helps in reducing the time to market, which is crucial for many industries including automotive and aerospace. The simulation software market is expected to reach US$16,721.5 mn in 2025 and is projected to expand at a CAGR of 9.33% during the period from 2017 to 2025.
Cloud-based Software Segment Emerges as Clear Winner as End Users see its Many Benefits
The simulation software market is segmented on the basis of component and end-use industry. On the basis of component, the simulation software market is segmented into software and services. The software segment is further bifurcated into on-premise based and cloud based deployed software. Cloud-based deployed software segment expected to grow at a faster pace in the simulation software market, as it provides low cost and ease of deployment option. Furthermore, services segment is further sub-segmented into consultancy, training, and others. Others segment includes deployment services and technical support services. Software segment contributes major share in terms of revenue in the simulation software market owing to their growing demand and adoption across various industries to predict, validate and optimize the product with the help of a precise analyses. However, services segment is expected to grow at a faster rate during the forecast period.
On the basis of end-use industry, the simulation software market is segmented into automotive, aerospace & defense, healthcare, semiconductor, AEC, and others. Others segment includes industries such as energy & power and retail. Automotive end-user segment is expected to hold major share due to early adoption of simulation software platform. The adoption rate for the automotive industry is higher, as it helps in attaining the proficient mass production, improve quality and reduce costs. Furthermore, simulation software helps automotive manufacturers to design, launch, and expand production programs at a faster pace. Moreover, the semiconductor segment is projected to be the fastest growing segment during the forecast period.
Strong Presence of Leading Players in North America to Keep Region at the Forefront
North America is the major contributor in the overall simulation software market. The presence of major industry players and growing adoption of simulation software by industries including automotive and aerospace & defense is expected to drive the market in this region. The higher revenue share in North America is accountable from the countries namely the U.S. and Canada. Furthermore, North America is pioneer in many novel technologies such as smart cars and autonomous vehicles that results in the proliferation of well-established companies providing simulation software. These well-established players include Autodesk Inc., Siemens Product Lifecycle Management Software Inc., and The Mathworks, Inc. among others. Europe is second largest region in terms of market share owing to growing adoption of simulation software by industries including automotive and healthcare. Furthermore, highly advanced digital twins technology is evolving across the European region, which could have a positive impact on the simulation software market.
Asia Pacific region is expected to grow at a significant rate during the forecast period. The growth in Asia Pacific region is accountable from the countries such as India and China. Additionally, this growth is attributed to the growing use of simulation software by the construction industry due to the increased government investment in various smart city projects across the region.
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.
Global Simulation Software Market: Snapshot
The “Simulation software market [Components – Software (On-premise Based and Cloud Based), Services (Consultancy, Training, and Others); End-use Industry – Automotive, Aerospace & Defense, Healthcare, Semiconductor, AEC (Architecture, Engineering, Construction), Others] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025”, 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. 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.
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
- On-premise based
- Cloud based
Global Simulation software market, by End-use Industry
- Aerospace & Defense
- AEC (Architecture, Engineering, Construction)
Global Simulation software market, by Geography
- North America
- The U.S.
- Rest of North America
- The U.K
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- South America
- Rest of South America