- January 23, 2021
- Category: Enterprise IT and Software, Information and Communication Technology
Global Simulation Software Market Size study, by Component (Software, Service), by Deployment (On-Premises, Cloud), by End-Use Industry (Automotive, Aerospace & Defense, Electrical & Electronics, Industrial Manufacturing, Healthcare, Others) and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion) 1.2.1. Simulation Software Market, by Region, 2018-2027 (USD Billion) 1.2.2. Simulation Software Market, by Component, 2018-2027 (USD Billion) 1.2.3. Simulation Software Market, by Deployment, 2018-2027 (USD Billion) 1.2.4. Simulation Software Market, by End-Use Industry, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Simulation Software Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Simulation Software Market Dynamics 3.1. Simulation Software Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Simulation Software Market: Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economic 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Simulation Software Market, by Component 5.1. Market Snapshot 5.2. Global Simulation Software Market by Component, Performance - Potential Analysis 5.3. Global Simulation Software Market Estimates & Forecasts by Component 2017-2027 (USD Billion) 5.4. Simulation Software Market, Sub Segment Analysis 5.4.1. Software 5.4.2. Service Chapter 6. Global Simulation Software Market, by Deployment 6.1. Market Snapshot 6.2. Global Simulation Software Market by Deployment, Performance - Potential Analysis 6.3. Global Simulation Software Market Estimates & Forecasts by Deployment 2017-2027 (USD Billion) 6.4. Simulation Software Market, Sub Segment Analysis 6.4.1. On-Premises 6.4.2. Cloud Chapter 7. Global Simulation Software Market, by End-Use Industry 7.1. Market Snapshot 7.2. Global Simulation Software Market by End-Use Industry - Potential Analysis 7.3. Global Simulation Software Market Estimates & Forecasts by End-Use Industry 2017-2027 (USD Billion) 7.4. Simulation Software Market, Sub Segment Analysis 7.4.1. Automotive 7.4.2. Aerospace & Defense 7.4.3. Electrical & Electronics 7.4.4. Industrial Manufacturing 7.4.5. Healthcare 7.4.6. Others Chapter 8. Global Simulation Software Market, Regional Analysis 8.1. Simulation Software Market, Regional Market Snapshot 8.2. North America Simulation Software Market 8.2.1. U.S. Simulation Software Market 184.108.40.206. Component breakdown estimates & forecasts, 2017-2027 220.127.116.11. Deployment breakdown estimates & forecasts, 2017-2027 18.104.22.168. End-Use Industry breakdown estimates & forecasts, 2017-2027 8.2.2. Canada Simulation Software Market 8.3. Europe Simulation Software Market Snapshot 8.3.1. U.K. Simulation Software Market 8.3.2. Germany Simulation Software Market 8.3.3. France Simulation Software Market 8.3.4. Spain Simulation Software Market 8.3.5. Italy Simulation Software Market 8.3.6. Rest of Europe Simulation Software Market 8.4. Asia-Pacific Simulation Software Market Snapshot 8.4.1. China Simulation Software Market 8.4.2. India Simulation Software Market 8.4.3. Japan Simulation Software Market 8.4.4. Australia Simulation Software Market 8.4.5. South Korea Simulation Software Market 8.4.6. Rest of Asia Pacific Simulation Software Market 8.5. Latin America Simulation Software Market Snapshot 8.5.1. Brazil Simulation Software Market 8.5.2. Mexico Simulation Software Market 8.6. Rest of The World Simulation Software Market Chapter 9. Competitive Intelligence 9.1. Top Market Strategies 9.2. Company Profiles 9.2.1. Altair Engineering, Inc. 22.214.171.124. Key Information 126.96.36.199. Overview 188.8.131.52. Financial (Subject to Data Availability) 184.108.40.206. Product Summary 220.127.116.11. Recent Developments 9.2.2. Autodesk, Inc. 9.2.3. Ansys, Inc. 9.2.4. Bentley Systems, Inc. 9.2.5. Dassault Systèmes SE 9.2.6. MathWorks 9.2.7. Rockwell Automation, Inc. 9.2.8. Simulations Plus, Inc. 9.2.9. ESI Group 9.2.10. GSE Systems, Inc. Chapter 10. Research Process 10.1. Research Process 10.1.1. Data Mining 10.1.2. Analysis 10.1.3. Market Estimation 10.1.4. Validation 10.1.5. Publishing 10.2. Research Attributes 10.3. Research Assumption
Global Simulation Software Market is valued approximately at USD 8.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 17.1% over the forecast period 2020-2027. Simulation software is a program that enables companies to create a dummy process and perform an operation devoid of actually executing it. It often enables scrutiny the same or modified system with distinct inputs, tracking, and analyzing responses. Simulation software is extensively used to develop equipment, so that the final product could be similar to the design specifications without being costly in process modification. This software is often adopted by distinct companies to reduce production costs. As such, the simulation software assists in creating error-free output during a production process, which, in turn, prevents the production of defective products. This is relentlessly expanding the adoption of simulation software, thereby driving the market growth around the world. Furthermore, the automotive industry is extensively utilizing simulation software during the production of autonomous vehicles and electric vehicles. Since these software enables them to test the efficiency and effectiveness of the vehicles using actual world circumstances. Thus, the rise in production of autonomous and electric vehicles is acting as a significant factor for expanding the market growth outlook around the world. For instance, the Edison Electric Institute (EEI) valued the global sales of electric vehicles (EVs), which was around 312,000 units in Q1 2018, indicating a surge of 58% from Q1 2017 (197,000 units). Similarly, in 2019, the Bloomberg New Energy Finance (BNEF) report was published and it founds the electric vehicle sale across the globe is expected to reach approximately 54 million by the year 2040. Apart from these factors, growing concern to reduce the production of defective products, along with the significant adoption of simulation across aerospace and defense sector are few other factors responsible for the high CAGR of the market during the forecast period. However, security concerns associated with the simulation software is one of the prime factors limiting the market growth over the forecast period of 2020-2027.
The regional analysis of the global Simulation Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in demand for simulation software in aerospace and defence sector, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in growth of manufacturing sector along with the increasing focus on research and development activities in developing countries, such as China and India, would create lucrative growth prospects for the simulation software market across the Asia-Pacific region.
Major market player included in this report are:
Altair Engineering, Inc.
Bentley Systems, Inc.
Dassault Systèmes SE
Rockwell Automation, Inc.
Simulations Plus, Inc.
GSE Systems, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End-Use Industry:
Aerospace & Defense
Electrical & Electronics
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Simulation Software Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers