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Global Simulation Software Market: By Deployment Type: On-Premise, Cloud; By End User: Automotive, IT and Telecommunication, Aerospace and Defence, Energy and Mining, Education and Research, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Simulation Software Market Outlook
The global simulation software market reached a value of nearly USD 8,581.95 million in 2022. Looking forward, the market is expected to grow at a CAGR of 13.2% during the forecast period of 2023-2028 to reach a value of about USD 18,073.46 million by 2028.
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Use of Simulation Software to Create Virtual Real-Time Prototypes is Boosting the Market Growth
Simulation software functions in an artificial environment and allows companies to experiment with new ideas without any major risk while maximising the computer’s performance and enhancing human insights and decision making. Hence, it is extensively used in various major industries, such as healthcare, manufacturing, aerospace, and tourism, among others, which is propelling the growth of the the simulation software industry. Moreover, the use of technological advancements, such as artificial intelligence (AI) and machine learning in simulation software to improve productivity and optimise the products is further fuelling the market growth.
Simulation software enables virtual creation of real time environment and consequently reduces the risk of physical prototypes failure and aids in the development of error-free output, which is providing further impetus to the market growth. The robust growth of the automotive industry owing to the rising demand for personal mobility is also propelling the market growth. Major companies are adopting virtual prototype and testing due to the increasing investments for developing advanced vehicle technology like autonomous driving, smart electronics, and safety control environment and the rising demand for light-weighted, electrified and energy-efficient vehicles. Such developments are further propelling the market growth.
Simulation Software: Market Segmentation
Simulation software is a model of software that allows the user to observe an operation through simulation without actually performing it. It is also used to forecast the future behaviour of a system and predict the way in which it will evolve and respond to its surrounding. Moreover, it can aid in more efficient and effective decision-making while using resources most optimally.
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Based on the deployment type, the market is segmented into:
- On-Premise
- Cloud
The end- users of simulation software are:
- Automotive
- IT and Telecommunication
- Aerospace and Defence
- Energy and Mining
- Education and Research
- Electrical and Electronics
- Others
The EMR report looks into the regional markets of simulation software like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Use of Simulation in the Medical Research and Education Sector to Bolster the Growth of Simulation Software Industry
The extensive use of simulation in the flourishing medical research and education sector is propelling the market growth. Simulation software is used in medical training, which allows the acquisition of clinical skills through deliberate learning, therefore training the professionals to master cognitive, technical, and behavioural skill-sets. Furthermore, increasing research in the field of medical simulation to improve clinical practice is also facilitating the overall growth of the simulation software industry. The surge of the coronavirus pandemic is increasing the demand for the use of simulation for training the first responders to analyse and improve the response to the contagious disease. Moreover, the rising risk of the surge of another novel contagious outbreak is fuelling the demand for software simulation in training for healthcare professionals, which is expected to boost the market growth.
Simulation software solves real-world problems by enabling experimentation on a valid digital representation using algorithms and equations. Moreover, it can be viewed in 2D or 3D as per requirement, due to which it is used in various business models to predict the future response. In addition, it can increase accuracy and forecast precisely while being time-efficient and cost-effective. Such advantages of simulation software over- analytical model are increasing its use in several businesses, which are providing further impetus to the market growth.
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Key Industry Players in the Global Simulation Software Market
The report presents a detailed analysis of the following key players in the global simulation software market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Autodesk Inc.
- Rockwell Automation Inc.
- Ansys, Inc
- Dassault Systèmes SE
- Bentley Systems, Incorporated
- Siemens Aktiengesellschaft
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Deployment Type, End User, Region |
| Breakup by Deployment Type | On-Premise, Cloud |
| Breakup by End User | Automotive, IT and Telecommunication, Aerospace and Defence, Energy and Mining, Education and Research, Electrical and Electronics, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Autodesk Inc., Rockwell Automation Inc., Ansys, Inc, Dassault Systèmes SE, Bentley Systems, Incorporated, Siemens Aktiengesellschaft, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Simulation Software Market Analysis
8.1 Key Industry Highlights
8.2 Global Simulation Software Historical Market (2018-2022)
8.3 Global Simulation Software Market Forecast (2023-2028)
8.4 Global Simulation Software Market by Deployment Type
8.4.1 On-Premise
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Cloud
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Simulation Software Market by End User
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 IT and Telecommunication
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Aerospace and Defence
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Energy and Mining
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Education and Research
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Electrical and Electronics
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Simulation Software Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Simulation Software Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Simulation Software Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Simulation Software Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Simulation Software Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Simulation Software Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Autodesk Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Rockwell Automation Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ansys, Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Dassault Systèmes SE
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Bentley Systems, Incorporated
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Siemens Aktiengesellschaft
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Simulation Software Market: Key Industry Highlights, 2018 and 2028
2. Global Simulation Software Historical Market: Breakup by Deployment Type (USD Million), 2018-2022
3. Global Simulation Software Market Forecast: Breakup by Deployment Type (USD Million), 2023-2028
4. Global Simulation Software Historical Market: Breakup by End User (USD Million), 2018-2022
5. Global Simulation Software Market Forecast: Breakup by End User (USD Million), 2023-2028
6. Global Simulation Software Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Simulation Software Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Simulation Software Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Simulation Software Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Simulation Software Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Simulation Software Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Simulation Software Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Simulation Software Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Simulation Software Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Simulation Software Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Simulation Software Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Simulation Software Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Simulation Software Market Structure
Key Questions Answered in the Report
In 2022, the global simulation software market attained a value of nearly USD 8,581.95 million.
The market is projected to grow at a CAGR of 13.2% between 2023 and 2028.
The industry is being aided by the rising demand to create virtual prototypes owing to its cost-effectiveness and high accuracy, the increasing use of simulation software in the healthcare sector, and the rising demand for simulation in the electrified and autonomous automotive industry.
The market is driven by trends such asexpected to be defined by the increasing use of simulation software in the healthcare sector, the rising demand for simulation in the electrified and autonomous automotive industry, and the various technological advancements such as machine learning, which enhance the productivity of the simulator.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major deployment types of simulation software in the industry are on-premise and cloud.
The significant end users of simulation software in the market are automotive, IT and telecommunication, aerospace and defence, energy and mining, education and research, and electrical and electronics, among others.
The major players in the industry are Autodesk Inc., Rockwell Automation Inc., Ansys, Inc, Dassault Systèmes SE, Bentley Systems, Incorporated, and Siemens Aktiengesellschaft, among others.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 18,073.46 million by 2028.
Analyst Review
The global simulation software market attained a value of nearly USD 8,581.95 million in 2022, driven by the rising use of software simulation due to its cost-effectiveness and high-efficiency. Aided by the growing use of simulation software in the flourishing healthcare sector, the market is expected to grow at a CAGR of 13.2% in the forecast period of 2023-2028 to reach a value of USD 18,073.46 million by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its deployment types, the simulation software industry can be segmented into on-premise and cloud. On the basis of end users, the industry is divided into automotive, IT and telecommunication, aerospace and defence, energy and mining, education and research, and electrical and electronics, among others. The major regional markets for simulation software are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Autodesk Inc., Rockwell Automation Inc., Ansys, Inc, Dassault Systèmes SE, Bentley Systems, Incorporated, and Siemens Aktiengesellschaft, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition. The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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