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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 (2016-2026); Competitive Landscape; Industry Events and Developments

Global Simulation Software Market Outlook

The global simulation software market attained a value of nearly USD 12 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 13.2%.

 

Global Simulation Software Market

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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: Industry Definition and 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.

 

Global Simulation Software Market By End User

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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.

 

Global Simulation Software Market By End Use

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Rising Use of Simulation in the Healthcare Sector to Bolster the Growth of Simulation Software Industry

The extensive use of simulation in the flourishing healthcare 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.

 

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
  • 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 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, EMR’s 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, 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Simulation Software Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Simulation Software Historical Market (2016-2020) 
    8.3    Global Simulation Software Market Forecast (2021-2026)
    8.4    Global Simulation Software Market by Deployment Type
        8.4.1    On-Premise
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Cloud
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Simulation Software Market by End User
        8.5.1    Automotive 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    IT and Telecommunication
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Aerospace and Defence
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Energy and Mining
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Education and Research
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Electrical and Electronics
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Others
    8.6    Global Simulation Software Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Autodesk Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Rockwell Automation Inc.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Ansys, Inc
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Dassault Systèmes SE
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Bentley Systems, Incorporated
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Siemens
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Simulation Software Market: Key Industry Highlights, 2016 and 2026
2.    Global Simulation Software Historical Market: Breakup by Deployment Type (USD Million), 2016-2020
3.    Global Simulation Software Market Forecast: Breakup by Deployment Type (USD Million), 2021-2026
4.    Global Simulation Software Historical Market: Breakup by End User (USD Million), 2016-2020
5.    Global Simulation Software Market Forecast: Breakup by End User (USD Million), 2021-2026
6.    Global Simulation Software Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Simulation Software Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Simulation Software Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Simulation Software Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Simulation Software Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Simulation Software Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Simulation Software Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Simulation Software Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Simulation Software Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Simulation Software Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Simulation Software Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Simulation Software Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Global Simulation Software Market Structure

Key Questions Answered in the Report

In 2020, the global simulation software market attained a value of nearly USD 12 billion.

The market is projected to grow at a CAGR of 13.2% between 2021 and 2026.

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, among others.

Analyst Review

The global simulation software market attained a value of nearly USD 12 billion in 2020, 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 witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 13.2%.

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, 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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