Simulation and Analysis Software Market

Simulation and Analysis Software Market by Components (Software [Computational Fluid Dynamics, Electromagnetics Simulation, Finite Element Analysis, and Others] and Services [Design & Consulting, E-learning & Training, Research & Development, Support & Maintenance, and Others]), Deployment Modes (Cloud-based and On-premise), Applications (Gamification, Product Engineering, and Research & Development), Verticals (Aerospace & Defense, Automobile, Chemicals, Education & Research, Electrical & Electronics, Healthcare & Pharmaceuticals, Mining & Construction, Oil & Gas, Ship Buildings & Marine, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-4077
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 202
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The global simulation and analysis software market size is estimated to expand at a high CAGR during the forecast period, between 2021 and 2028. The growth of the market is attributed to the increased demand for solutions for cloud breaches as a result of misconfiguration.


Simulation and Analysis Software Market summary

A simulation and analysis software tool allows businesses to create a mock process and monitor an operation before conducting or testing it in real environment. It allows for the testing of the same or changed system with varied inputs as well as the tracking and analysis of results. Simulation software is commonly used in the design of equipment so that the end result can be near to the original parameters without requiring costly process modifications. Numerous firms in the aerospace and defense as well as automobile industries have substantially invested in research to develop image recognition and associated applications.

Market Trends, Drivers, Restraints, and Opportunities

  • Lower training and testing expenses as well as lower production costs are projected to boost the market in the coming years.
  • Growing adoption of advanced cloud-based platforms for breaches prevention is a key factor fuelling the market.
  • Rising use of simulation software for modelling and development of industrial goods presents another key drivers that propels the market.
  • Complexities in integrating software and issues concerning to data security are major challenges anticipated to hamper the market growth during the targeted period.
  • Increasing spending on simulation in various industries such as healthcare, aerospace, and defence is expected to provide various growth opportunities for the market.

Scope of the report

The report on the global simulation and analysis software market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Simulation and Analysis Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Software [Computational Fluid Dynamics, Electromagnetics Simulation, Finite Element Analysis, and Others] and Services [Design & Consulting, E-learning & Training, Research & Development, Support & Maintenance, and Others]), Deployment Modes (Cloud-based and On-premise), Applications (Gamification, Product Engineering, and Research & Development), and Verticals (Aerospace & Defense, Automobile, Chemicals, Education & Research, Electrical & Electronics, Healthcare & Pharmaceuticals, Mining & Construction, Oil & Gas, Ship Buildings & Marine, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Altair Engineering, Inc.; MathWorks, Inc.; Dassault Systèmes; Rockwell Automation, Inc.; Bentley Systems, Incorporated; Simulations Plus; Ansys, Inc.; ESI Group; Autodesk Inc.; and GSE Systems

Global Simulation and Analysis Software Market Segment Insights

Software segment is projected to hold significant market share

Based on components, the global simulation and analysis software market is bifurcated into software and services. The software segment is further classified as computational fluid dynamics, electromagnetics simulation, finite element analysis, and others. Furthermore, the services segment is sub-categorized as design & consulting, e-learning & training, research & development, support & maintenance, and others. The software segment is projected to hold significant market share owing to the advantages such as dependability, data security, and continuous testing. Furthermore, in the software segment, finite element analysis (FEA) is predicted to significantly contribute to the segment growth. FEA is frequently used to test product quality, design, and performance in industries such as aerospace, automotive, defence, and electronics.

On-premise segment is anticipated to account for substantial share

On the basis of deployment modes, the market is divided into cloud-based and on-premise. The on-premise segment is anticipated to account for substantial share of the market due to the wide adoption of the system as it is a classic deployment approach in which the program is installed on-site. This system is advantageous for businesses who want to maintain the secrecy and security of their data. The cloud-based segment, however, is expected to expand at a robust pace during the projected timeline owing to certain advantages such as ease of setup and cost-effectiveness as compared to traditional on-premise software. The software system is hosted in the cloud, which makes it easier to manage and upgrade based on the needs of the customer. Furthermore, the cloud-based software can be employed in applications such as training and education as well as research and development.

Research & development segment to register a substantial growth rate 

In terms of applications, the global simulation and analysis software market is segmented into gamification, product engineering, and research & development. The research & development segment is projected to register a substantial growth rate in the coming years due to the increased focus on R&D efforts and quick technical improvements as a result of changing regulatory standards for car safety.


Simulation and Analysis Software Market applications

Automotive segment to expand at a robust pace

Based on verticals, the market is segregated into aerospace & defense, automobile, chemicals, education & research, electrical & electronics, healthcare & pharmaceuticals, mining & construction, oil & gas, ship buildings & marine, and others. The automotive segment is expected to expand at a robust pace during the forecast period owing to the extensive use of virtual technologies for certain products development and testing. Furthermore, the automobile industry is shifting toward the use of electric and self-driving vehicles while increasing focus on R&D efforts and quick technical improvements to meet changing regulatory standards for car safety. OEMs are focused on enhancing cybersecurity over connected devices and vehicles as digitalization and connectivity increase, which is projected to drive the automotive simulation market for software such as computational fluid dynamics and finite element analysis. The usage of simulation to improve manufacturing processes in this market is primarily driving the segment.

North America is expected to dominate the market

In terms of regions, the global simulation and analysis software market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market during the forecast period owing to the presence of significant players in the United States and Canada. Companies in these countries have been observed engaging in R&D operations in order to introduce technologically sophisticated items into the simulation software system. Furthermore, the region is well-known for being an early user of cutting-edge technologies. On the other hand, the market of Asia Pacific is anticipated to expand at a rapid pace in the near future. Increased industrial activity in various sectors such as automotive as well as the expansion of the healthcare and construction sectors in countries such as India and Japan are pushing the regional market growth.


Simulation and Analysis Software Market region

Segments

Segments Covered in the Report
The global simulation and analysis software market has been segmented on the basis of
Components

  • Software
  • Computational Fluid Dynamics
  • Electromagnetics Simulation
  • Finite Element Analysis
  • Others
  • Services
  • Design & Consulting
  • E-learning & Training
  • Research & Development
  • Support & Maintenance
  • Others

Deployment Modes

  • Cloud-based
  • On-premise

Applications

  • Gamification
  • Product Engineering
  • Research & Development

Verticals

  • Aerospace & Defense
  • Automobile
  • Chemicals
  • Education & Research
  • Electrical & Electronics
  • Healthcare & Pharmaceuticals
  • Mining & Construction
  • Oil & Gas
  • Ship Buildings & Marine
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global simulation and analysis software market are Altair Engineering, Inc.; MathWorks, Inc.; Dassault Systèmes; Rockwell Automation, Inc.; Bentley Systems, Incorporated; Simulations Plus; Ansys, Inc.; ESI Group; Autodesk Inc.; and GSE Systems. These players are constantly engaged in various market development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Simulation and Analysis Software Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Simulation and Analysis Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Simulation and Analysis Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Simulation and Analysis Software Market - Supply Chain
  4.5. Global Simulation and Analysis Software Market Forecast
     4.5.1. Simulation and Analysis Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Simulation and Analysis Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Simulation and Analysis Software Market Absolute $ Opportunity
5. Global Simulation and Analysis Software Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Simulation and Analysis Software Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Simulation and Analysis Software Demand Share Forecast, 2019-2026
6. North America Simulation and Analysis Software Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Simulation and Analysis Software Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Simulation and Analysis Software Demand Share Forecast, 2019-2026
7. Latin America Simulation and Analysis Software Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Simulation and Analysis Software Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Simulation and Analysis Software Demand Share Forecast, 2019-2026
8. Europe Simulation and Analysis Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Simulation and Analysis Software Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Simulation and Analysis Software Demand Share Forecast, 2019-2026
9. Asia Pacific Simulation and Analysis Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Simulation and Analysis Software Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Simulation and Analysis Software Demand Share Forecast, 2019-2026
10. Middle East & Africa Simulation and Analysis Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Simulation and Analysis Software Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Simulation and Analysis Software Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Simulation and Analysis Software Market: Market Share Analysis
  11.2. Simulation and Analysis Software Distributors and Customers
  11.3. Simulation and Analysis Software Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Altair Engineering, Inc.
     11.4.2. MathWorks, Inc.
     11.4.3. Dassault Systèmes
     11.4.4. Rockwell Automation, Inc.
     11.4.5. Bentley Systems, Incorporated
     11.4.6. Simulations Plus
     11.4.7. Ansys, Inc.

Segments Covered in the Report
The global simulation and analysis software market has been segmented on the basis of
Components

  • Software
  • Computational Fluid Dynamics
  • Electromagnetics Simulation
  • Finite Element Analysis
  • Others
  • Services
  • Design & Consulting
  • E-learning & Training
  • Research & Development
  • Support & Maintenance
  • Others

Deployment Modes

  • Cloud-based
  • On-premise

Applications

  • Gamification
  • Product Engineering
  • Research & Development

Verticals

  • Aerospace & Defense
  • Automobile
  • Chemicals
  • Education & Research
  • Electrical & Electronics
  • Healthcare & Pharmaceuticals
  • Mining & Construction
  • Oil & Gas
  • Ship Buildings & Marine
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Key players competing in the global simulation and analysis software market are Altair Engineering, Inc.; MathWorks, Inc.; Dassault Systèmes; Rockwell Automation, Inc.; Bentley Systems, Incorporated; Simulations Plus; Ansys, Inc.; ESI Group; Autodesk Inc.; and GSE Systems. These players are constantly engaged in various market development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Simulation and Analysis Software Market keyplayers

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