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Simulation Software Market Size, Share & Trends Analysis Report by Component (Software, Service), by Deployment (On-premise, Cloud), by End Use (Healthcare, Industrial), by Application, and Segment Forecasts, 2022-2030

  • ID: 5415512
  • Report
  • April 2022
  • Region: Global
  • 115 Pages
  • Grand View Research

FEATURED COMPANIES

  • Altair Engineering, Inc.
  • Ansys, Inc.
  • Autodesk Inc
  • Dassault Systèmes
  • Esi Group
  • Gse Systems
The global simulation software market size is estimated to reach USD 39.74 billion by 2030, registering a CAGR of 13.5% over the forecast period. Simulation software is being used for training personnel. It is replacing the traditional real-time training techniques, which incurred huge investments annually for companies. The use of simulation for training purposes helps reduce training costs as companies need to make a one-time investment for software implementation. The software also helps enterprises minimize production costs by enhancing the product development process.



The need for developing prototypes and the chances of product failure are considerably reduced through the use of simulators, as the product is virtually tested for all possible glitches before the commencement of production. Furthermore, simulation-based tools help product developers reduce the time spent on R&D processes as it enables them to obtain a realistic view of a product or process under study or review. Organizations across the globe are increasingly implementing the program and analyzing tools to enhance the entire product development cycle, reduce time to production, ensure delivery of high-quality products in minimal time, and reduce the overall cost to the company with respect to R&D.

It requires a skilled workforce or personnel with the required knowledge and understanding. This is leading to several manufacturers being reluctant to adopt this technology as the need for a skilled workforce incurs additional costs. The COVID-19 pandemic had an adverse impact on the global market. The closure of national and international borders in major countries, such as China, Japan, and India, has caused severe supply chain disruptions. In addition, the temporary shutdown of manufacturing operations has led manufacturing companies to face severe budgetary issues, resulting in delayed subscription renewal payments during the pandemic’s initial phase. However, recovering economies and opening businesses are expected to help the market grow at a rapid pace over the forecast period.

Simulation Software Market Report Highlights

  • The market is being driven by reduced training costs for personnel in various industries and sectors, such as automotive, defense, healthcare, and electrical.
  • The service segment is expected to register a CAGR of 14.9% from 2022 to 2030 owing to the growing demand for customized simulation solutions, such as design and consulting.
  • The cloud-based segment is expected to register the fastest CAGR over the forecast period owing to benefits, such as easy and low-cost implementation.
  • The automotive segment dominated the market in 2021 and is expected to maintain its dominance over the forecast period owing to the early adoption of virtual testing tools in the automotive industry.
  • North America is expected to account for the highest market share followed by Asia Pacific, by 2030 owing to the growing investments in R&D and defense in countries, such as the U.S.
  • Leading players are focusing on developing new simulation software solutions, to capture maximum share.


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Frequently Asked Questions about the Global Simulation Software Market

What is the estimated value of the Global Simulation Software Market?

The Global Simulation Software Market was estimated to be valued at $14.5 Billion in 2022.

What is the growth rate of the Global Simulation Software Market?

The growth rate of the Global Simulation Software Market is 13.5%, with an estimated value of $39.7 Billion by 2030.

What is the forecasted size of the Global Simulation Software Market?

The Global Simulation Software Market is estimated to be worth $39.7 Billion by 2030.

Who are the key companies in the Global Simulation Software Market?

Key companies in the Global Simulation Software Market include Altair Engineering, Inc., Autodesk Inc, Ansys, Inc., Bentley Systems, Incorporated, Dassault Systèmes, Mathworks, Inc., Rockwell Automation, Inc., Simulations Plus and Gse Systems.

FEATURED COMPANIES

  • Altair Engineering, Inc.
  • Ansys, Inc.
  • Autodesk Inc
  • Dassault Systèmes
  • Esi Group
  • Gse Systems

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
Chapter 3. Market Variables, Trends, & Scope Outlook
3.1. Penetration & Growth Prospect Mapping
3.2. Market Lineage Outlook
3.2.1. Parent Market Outlook
3.2.2. Related/ Ancillary Market Outlook
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Growing preference for simulation software to optimize performance of electric and autonomous vehicles
3.4.1.2. Growing adoption of simulation tools in aerospace & defense and other industries
3.4.1.3. Growing potential for simulation-assisted digital twins
3.4.2. Market restraint analysis
3.4.2.1. Budgetary constraints and lack of skilled personnel restricting adoption of simulation tools
3.4.3. Market opportunity analysis
3.4.3.1. Growing adoption of simulation tools in Healthcare Industry
3.4.3.2. Aggressive investments in deploying advanced industrial solutions across various industries
3.5. Covid-19 Impact Analysis
3.6. Industry analysis - porter’s five forces
3.6.1. Supplier power
3.6.2. Buyer power
3.6.3. Substitution threat
3.6.4. Threat from new entrant
3.6.5. Competitive rivalry
3.7. Industry Analysis-PEST analysis
3.7.1. Political landscape
3.7.2. Economic landscape
3.7.3. Social landscape
3.7.4. Technology landscape
3.8. Simulation Software Market: Research & Development Analysis
3.8.1. Percentage Spending on simulation software out of the total global R&D Expenditure, by Vertical
3.9. Use Case Analysis
Chapter 4. Simulation Software Component Outlook
4.1. Simulation Software Market, by Component, 2021 & 2030
4.1.1. Software
4.1.2. Services
4.1.2.1. Simulation Development Services
4.1.2.2. Training and Support & Maintenance
Chapter 5. Simulation Software Deployment Outlook
5.1. Simulation Software Market, by Deployment, 2021 & 2030
5.1.1. On-premise
5.1.2. Cloud
Chapter 6. Simulation Software Application Outlook
6.1. Simulation Software Market, by Application, 2021 & 2030
6.1.1. Engineering, Research, Modeling & Simulated Testing
6.1.2. High Fidelity Experiential 3D Training
6.1.3. Gaming & Immersive Experiences
6.1.4. Manufacturing Process Optimization
6.1.5. AI Training & Autonomous Systems
6.1.6.Planning and Logistics Management & Transportation
6.1.7.Cyber Simulation
Chapter 7. Simulation Software End-use Outlook
7.1. Simulation Software Market, by End-use, 2021 & 2030
7.1.1. Automotive
7.1.2. Aerospace & Defense
7.1.3. Industrial
7.1.3.1. Oil & Gas
7.1.3.2. Mining
7.1.3.3. Energy & Utilities
7.1.3.4. Others
7.1.4. Electronics & Semiconductor
7.1.5. Transportation & Logistics
7.1.6. Healthcare
7.1.7. Others
Chapter 8. Simulation Software Regional Outlook
8.1. Simulation Software Market, by Region, 2021 & 2030
8.2. North America
8.2.1. Market estimates and forecasts, 2017-2030
8.2.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.2.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.2.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.2.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.2.6. U.S.
8.2.6.1. Market estimates and forecasts, 2017-2030
8.2.6.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.2.6.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.2.6.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.2.6.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.2.7. Canada
8.2.7.1. Market estimates and forecasts, 2017-2030
8.2.7.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.2.7.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.2.7.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.2.7.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.3. Europe
8.3.1. Market estimates and forecasts, 2017-2030
8.3.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.3.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.3.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.3.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.3.6. U.K.
8.3.6.1. Market estimates and forecasts, 2017-2030
8.3.6.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.3.6.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.3.6.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.3.6.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.3.7. Germany
8.3.7.1. Market estimates and forecasts, 2017-2030
8.3.7.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.3.7.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.3.7.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.3.7.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.3.8. France
8.3.8.1. Market estimates and forecasts, 2017-2030
8.3.8.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.3.8.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.3.8.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.3.8.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.4. Asia Pacific
8.4.1. Market estimates and forecasts, 2017-2030
8.4.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.4.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.4.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.4.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.4.6. China
8.4.6.1. Market estimates and forecasts, 2017-2030
8.4.6.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.4.6.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.4.6.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.4.6.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.4.7. India
8.4.7.1. Market estimates and forecasts, 2017-2030
8.4.7.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.4.7.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.4.7.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.4.7.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.4.8. Japan
8.4.8.1. Market estimates and forecasts, 2017-2030
8.4.8.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.4.8.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.4.8.4. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.5. Latin America
8.5.1. Market estimates and forecasts, 2017-2030
8.5.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.5.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.5.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.5.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.5.6. Brazil
8.5.6.1. Market estimates and forecasts, 2017-2030
8.5.6.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.5.6.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.5.6.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.5.6.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.5.7. Mexico
8.5.7.1. Market estimates and forecasts, 2017-2030
8.5.7.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.5.7.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.5.7.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.5.7.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
8.6. MEA
8.6.1. Market estimates and forecasts, 2017-2030
8.6.2. Market estimates and forecasts, by component, 2017-2030 (USD Million)
8.6.3. Market estimates and forecasts, by deployment, 2017-2030 (USD Million)
8.6.4. Market estimates and forecasts, by application, 2017-2030 (USD Million)
8.6.5. Market estimates and forecasts, by end-use, 2017-2030 (USD Million)
Chapter 9. Competitive Analysis
9.1. Company/competition categorization (key innovators, market leaders, emerging players)
9.2. Vendor Landscape
9.2.1. Key company market share analysis, 2021
9.3. Company Analysis Tools
9.3.1. Company market position analysis, 2021
9.3.2. Company dashboard analysis, 2021
Chapter 10. Competitive Landscape
10.1. Company Profiles
10.1.1. Altair Engineering, Inc.
10.1.1.1. Company overview
10.1.1.2. Financial performance
10.1.1.3. Service benchmarking
10.1.1.4. Strategic initiatives
10.1.2. Autodesk Inc
10.1.2.1. Company overview
10.1.2.2. Financial performance
10.1.2.3. Service benchmarking
10.1.2.4. Strategic initiatives
10.1.3. Ansys, Inc.
10.1.3.1. Company overview
10.1.3.2. Financial performance
10.1.3.3. Service benchmarking
10.1.3.4. Strategic initiatives
10.1.4. Bentley Systems, Incorporated
10.1.4.1. Company overview
10.1.4.2. Financial performance
10.1.4.3. Service benchmarking
10.1.4.4. Strategic initiatives
10.1.5. Dassault Systèmes
10.1.5.1. Company overview
10.1.5.2. Financial performance
10.1.5.3. Service benchmarking
10.1.5.4. Strategic initiatives
10.1.6. MathWorks, Inc.
10.1.6.1. Company overview
10.1.6.2. Financial performance
10.1.6.3. Service benchmarking
10.1.6.4. Strategic initiatives
10.1.7. Rockwell Automation, Inc.
10.1.7.1. Company overview
10.1.7.2. Financial performance
10.1.7.3. Service benchmarking
10.1.7.4. Strategic initiatives
10.1.8. Simulations Plus
10.1.8.1. Company overview
10.1.8.2. Financial performance
10.1.8.3. Service benchmarking
10.1.8.4. Strategic initiatives
10.1.9. ESI Group
10.1.9.1. Company overview
10.1.9.2. Financial performance
10.1.9.3. Service benchmarking
10.1.9.4. Strategic initiatives
10.1.10. GSE Systems
10.1.10.1. Company overview
10.1.10.2. Financial performance
10.1.10.3. Service benchmarking
10.1.10.4. Strategic initiatives
  • Altair Engineering, Inc.
  • Autodesk Inc
  • Ansys, Inc.
  • Bentley Systems, Incorporated
  • Dassault Systèmes
  • Mathworks, Inc.
  • Rockwell Automation, Inc.
  • Simulations Plus
  • Esi Group
  • Gse Systems

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