Simulation Software Market

Simulation Software Market by Types (On-premise and Cloud), Applications (Automotive, IT, Education, Aerospace, Defense, Healthcare, and R&D), 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-326
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 3
  • No. Of Pages: 175
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The global simulation software market was valued at USD 9.6 billion in 2020 and is expected to reach USD 15.8 billion by 2028, expanding at a CAGR of 17.1% during the forecast period, 2021–2028. The growth of the market is attributed to its advantages such as reduced production expenditure, reduced prices of trainings, and increasing investments in industries such as aerospace, defense, and healthcare.

Simulation Software Market Key Takeaways

Simulation is a computer-based model, which works on the principles of arithmetic and physics. It allows for planning, validation, and improvement of products and solutions. Simulation software is widely used to design and test products, and analyze the responses. It is used in varied applications such as engineering, R&D, and gamification. Many companies adopt simulation technologies in their production, as it helps minimize the errors during production and allows for design validation.

The global simulation software market includes numerous vendors that offer simulation software systems and services to industries across the world. Enterprises are concentrating on R&D activities to gain a competitive advantage over the market. Companies such as AVL, Siemens, Dassault, and others are engaged in partnerships, agreements, and collaborations to increase their presence in the global simulation software market.

Market Drivers, Restraints, Trends, and Opportunities:

  • High rate of operational inefficiencies including misconfiguration, cloud breaches, hacking, delays in consumer orders and improper functioning of simulation models is expected to hinder the market growth.
  • High-performance computer (HPC) simulations and computer-aided engineering (CAE) applications help optimize all aspects of merchandise production and development, boosting the market.
  • Simulation software is widely used in the education and analytics sector, which can propel the market over the forecast period.
  • COVID-19 has pushed organizations to act quickly to protect employees, address crucial challenges, and reduce their losses. Simulation modeling assists the organizations in developing strategies to retort quickly, effectively, and safely in emergencies. Increasing investments in healthcare to develop and produce effective vaccines for COVID-19 and other diseases is expected to fuel the market growth in the coming years.

Scope of the Report:

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

Attributes

Details

Report Title

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

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (On-premise and Cloud), Applications (Automotive, IT, Education, Aerospace, Defense, Healthcare, and R&D)

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

Mathwork, Autodesk, Ansys, Siemens AG, PTC, Dassault Systemes, Altair Engineering, MSC Software, Honeywell. Keysight Technologies, Aveva, Spirent Communication, Bentley System, Synopsys, AVL List GmbH, COMSOL, Certara, CAE, aPriori, PTV Group, AnyLogic, SimScale, Scalable Networks, Simul8 Corporation, FlexSim, MOSIMTEC, Simio, ProSim, Cyabernet, and Cesim


Market Segment Insights:

In terms of types, the market is divided into on-premise and cloud. The cloud segment is expected to register a high CAGR over the next few years. The expansion of this segment is attributed to its advantages. Software packages are usually deployed over the cloud, as it is easy to maintain and upgrade the software on the cloud as per customers requirement.

Based on applications, the global simulation market is segmented into automotive, IT, education, aerospace, defense, healthcare, and R&D. The aerospace & defense industry accounts for a major share of the simulation software market, as they use modeling and simulation for various purposes, including training of soldiers, conducting joint training operations, formulating operational plans, simulation of future missions, and others.

Simulation Software Market By Applications

On the basis of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe accounted for a major share in the global simulation software market in 2020. Countries such as Germany and the UK are primarily contributing to the growth of the market. The market in North America is anticipated to grow at a high CAGR in the forecast period, due to use of advanced technologies in simulation to avoid production of faulty products.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Simulation 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 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 Software Market - Supply Chain
  4.5. Global Simulation Software Market Forecast
     4.5.1. Simulation Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Simulation Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Simulation Software Market Absolute $ Opportunity
5. Global Simulation Software Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Simulation Software Market Size and Volume Forecast by Types
     5.3.1. On-premise
     5.3.2. Cloud
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Simulation Software Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Simulation Software Market Size and Volume Forecast by Applications
     6.3.1. Automotive
     6.3.2. IT
     6.3.3. Education
     6.3.4. Aerospace
     6.3.5. Defense
     6.3.6. Healthcare
     6.3.7. R&D
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Simulation Software Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Simulation Software Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Simulation Software Demand Share Forecast, 2019-2026
8. North America Simulation 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
  8.2. North America Simulation Software Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Simulation Software Market Size and Volume Forecast by Types
     8.4.1. On-premise
     8.4.2. Cloud
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Simulation Software Market Size and Volume Forecast by Applications
     8.7.1. Automotive
     8.7.2. IT
     8.7.3. Education
     8.7.4. Aerospace
     8.7.5. Defense
     8.7.6. Healthcare
     8.7.7. R&D
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Simulation Software Demand Share Forecast, 2019-2026
9. Latin America Simulation 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. Latin America Average Pricing Analysis
  9.2. Latin America Simulation Software Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Simulation Software Market Size and Volume Forecast by Types
     9.4.1. On-premise
     9.4.2. Cloud
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Simulation Software Market Size and Volume Forecast by Applications
     9.7.1. Automotive
     9.7.2. IT
     9.7.3. Education
     9.7.4. Aerospace
     9.7.5. Defense
     9.7.6. Healthcare
     9.7.7. R&D
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Simulation Software Demand Share Forecast, 2019-2026
10. Europe Simulation 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. Europe Average Pricing Analysis
  10.2. Europe Simulation Software Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Simulation Software Market Size and Volume Forecast by Types
     10.4.1. On-premise
     10.4.2. Cloud
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Simulation Software Market Size and Volume Forecast by Applications
     10.7.1. Automotive
     10.7.2. IT
     10.7.3. Education
     10.7.4. Aerospace
     10.7.5. Defense
     10.7.6. Healthcare
     10.7.7. R&D
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Simulation Software Demand Share Forecast, 2019-2026
11. Asia Pacific Simulation Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Simulation Software Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Simulation Software Market Size and Volume Forecast by Types
     11.4.1. On-premise
     11.4.2. Cloud
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Simulation Software Market Size and Volume Forecast by Applications
     11.7.1. Automotive
     11.7.2. IT
     11.7.3. Education
     11.7.4. Aerospace
     11.7.5. Defense
     11.7.6. Healthcare
     11.7.7. R&D
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Simulation Software Demand Share Forecast, 2019-2026
12. Middle East & Africa Simulation Software Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Simulation Software Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Simulation Software Market Size and Volume Forecast by Types
     12.4.1. On-premise
     12.4.2. Cloud
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Simulation Software Market Size and Volume Forecast by Applications
     12.7.1. Automotive
     12.7.2. IT
     12.7.3. Education
     12.7.4. Aerospace
     12.7.5. Defense
     12.7.6. Healthcare
     12.7.7. R&D
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Simulation Software Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Simulation Software Market: Market Share Analysis
  13.2. Simulation Software Distributors and Customers
  13.3. Simulation Software Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Mathwork
     13.4.2. Autodesk
     13.4.3. Ansys
     13.4.4. Siemens AG
     13.4.5. PTC
     13.4.6. Dassault Systemes
     13.4.7. Altair Engineering
     13.4.8. MSC Software
     13.4.9. Honeywell
     13.4.10. Keysight Technologies
     13.4.11. Aveva
Segments Covered in the Report:
The global simulation software market has been segmented on the basis of

Types
  • On-premise
  • Cloud
Applications
  • Automotive
  • IT
  • Education
  • Aerospace
  • Defense
  • Healthcare
  • R&D
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Major players competing in the global simulation software market include Mathwork, Autodesk, Ansys, Siemens AG, PTC, Dassault Systemes, Altair Engineering, MSC Software, Honeywell. Keysight Technologies, Aveva, Spirent Communication, Bentley System, Synopsys, AVL List GmbH, COMSOL, Certara, CAE, aPriori, PTV Group, AnyLogic, SimScale, Scalable Networks, Simul8 Corporation, FlexSim, MOSIMTEC, Simio, ProSim, Cyabernet, and Cesim.

Some of these companies are engaged in adopting several market strategies such as merger & acquisitions, product launches, R&D activities, and capacity expansion to increase their market share and global presence.AspenTech’s process modeling software has been used to design at least three-quarters of the world’s upstream, midstream, and downstream segments of the oil & natural gas industry.

Arcimoto Inc, an electric vehicle company, has collaborated with XponentialWorks and ParaMatters to design and manufacture lightweight components for its Fun Utility Vehicle (FUV). AI-powered generative design software by ParaMatters will assist the company in redesigning its components and create lightweight parts. This will enable Arcimoto Inc to replace the existing heavyweight components with lightweight components and allow the FUC to drive long distances on a single charge with improved acceleration and better handling.

Simulation Software Market By Key Players

 

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