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Report
Simulation Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 148 Pages I IMARC Group
The global simulation software market size reached US$ 13.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.4 Billion by 2028, exhibiting a growth rate (CAGR) of 12.9% during 2022-2028. The growing cost and complexity of physical testing of vehicles, rising demand for virtual testing software, and increasing investments in research and development (R&D) activities represent some of the key factors driving the market.
Simulation software refers to a decision analysis and support tool that allows companies to observe the real-time operation and examination of the system with various inputs and tracking responses. It aids in reducing overall expenditure and minimizing costs incurred on training. It also helps to evaluate different designs, optimize processes, and make informed decisions. Moreover, it allows researchers, engineers, and scientists to experiment with different parameters and scenarios without expensive physical prototypes. Simulation software is widely used in engineering and manufacturing industries to simulate the behavior of machines, vehicles, and other complex systems. It is also employed in healthcare facilities to model medical procedures and devices. At present, simulation software also finds extensive application in the aerospace, defense, electrical and electronics, and automotive sectors across the globe.
Simulation Software Market Trends:
Presently, the growing global population and rising environmental concerns are increasing the overall sales of autonomous electric vehicles (EVs) and catalyzing the demand for virtual testing and training of vehicles in real-world scenarios and developing prototypes without the risk of producing faulty products. This, coupled with the increasing cost and complexity of physical testing and training and consequently increasing the need for virtual alternatives, represents one of the key factors positively influencing the market across the globe. Apart from this, advancements in computing power, graphics, and modeling capabilities are facilitating the development of more powerful and realistic simulation software. In line with this, leading market players are integrating advanced technologies, such as artificial intelligence (AI) and machine learning (ML), with simulation software to provide tools that assist humans in modeling and simulation (M&S) enterprise. Moreover, the escalating demand for improved product quality and safety by identifying potential issues early in the design process and reducing the risk of product failures and recalls is creating a favorable market outlook. Additionally, the growing environmental concerns and the increasing need for more efficient use of resources are catalyzing the demand for simulation software worldwide. Furthermore, the increasing utilization of simulation software in research and development (R&D) activities by reducing the need for physically testing multiple prototypes and minimizing the risk of failure is stimulating the growth of the market around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global simulation software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment and end use.
Component Insights:
Software
Service
The report has provided a detailed breakup and analysis of the simulation software market based on the component. This includes software and service. According to the report, software represented the largest segment.
Deployment Insights:
On-premises
Cloud-based
A detailed breakup and analysis of the simulation software market based on the deployment has also been provided in the report. This includes on-premises and cloud-based. According to the report, on-premises accounted for the largest market share.
End Use Insights:
Automotive
Aerospace and Defense
Electrical and Electronics
Industrial Manufacturing
Healthcare
Others
A detailed breakup and analysis of the simulation software market based on the end use has also been provided in the report. This includes automotive, aerospace and defense, electrical and electronics, industrial manufacturing, healthcare, and others. According to the report, automotive accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for simulation software. Some of the factors driving the North America simulation software market included increasing investment in research and development activities, the growing need for virtual testing and training of vehicles in real-world scenarios, advancements in computing power, graphics, and modeling capabilities etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global simulation software market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Altair Engineering Inc., Ansys Inc., Autodesk Inc., Bentley Systems Incorporated, Dassault Systemes, PTC Inc., Rockwell Automation Inc., Siemens AG, Simul8 Corporation, The AnyLogic Company, The MathWorks Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What was the size of the global simulation software market in 2022?
2. What is the expected growth rate of the global simulation software market during 2023-2028?
3. What are the key factors driving the global simulation software market?
4. What has been the impact of COVID-19 on the global simulation software market?
5. What is the breakup of the global simulation software market based on the component?
6. What is the breakup of the global simulation software market based on the deployment?
7. What is the breakup of the global simulation software market based on the end use?
8. What are the key regions in the global simulation software market?
9. Who are the key players/companies in the global simulation software market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Simulation Software Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Component
6.1Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment
7.1On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use
8.1Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Aerospace and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Electrical and Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Industrial Manufacturing
8.4.1 Market Trends
8.4.2 Market Forecast
8.5Healthcare
8.5.1 Market Trends
8.5.2 Market Forecast
8.6Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Altair Engineering Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2Ansys Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3Autodesk Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4Bentley Systems Incorporated
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5Dassault Systemes
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6PTC Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7Rockwell Automation Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8Siemens AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9Simul8 Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10The AnyLogic Company
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11The MathWorks Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
Figure 1: Global: Simulation Software Market: Major Drivers and Challenges
Figure 2: Global: Simulation Software Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Simulation Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Simulation Software Market: Breakup by Component (in %), 2022
Figure 5: Global: Simulation Software Market: Breakup by Deployment (in %), 2022
Figure 6: Global: Simulation Software Market: Breakup by End Use (in %), 2022
Figure 7: Global: Simulation Software Market: Breakup by Region (in %), 2022
Figure 8: Global: Simulation Software (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Simulation Software (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Simulation Software (Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Simulation Software (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Simulation Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Simulation Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Simulation Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Simulation Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Simulation Software (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Simulation Software (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Simulation Software (Aerospace and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Simulation Software (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Simulation Software (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Simulation Software (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Simulation Software (Industrial Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Simulation Software (Industrial Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Simulation Software (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Simulation Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Simulation Software (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Simulation Software (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Simulation Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Simulation Software Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Simulation Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Simulation Software Industry: SWOT Analysis
Figure 78: Global: Simulation Software Industry: Value Chain Analysis
Figure 79: Global: Simulation Software Industry: Porter's Five Forces Analysis
Table 1: Global: Simulation Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Simulation Software Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Simulation Software Market Forecast: Breakup by Deployment (in Million US$), 2023-2028
Table 4: Global: Simulation Software Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Simulation Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Simulation Software Market: Competitive Structure
Table 7: Global: Simulation Software Market: Key Players
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