Global Simulation Software Market to Grow at 9.3% CAGR through 2025

A new research study titled “Simulation Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” has recently been submitted to the database of Market Research Reports Search Engine (MRRSE). According to the report, the global simulation software market is likely to increase at a CAGR of 9.3% during the assessment period 2017-2025. In terms of revenues, the market is likely to reach a valuation of over US$ 16 Bn by the end of 2025.

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The report is a comprehensive source of information and analysis that offers credible insights on the key factors shaping the global simulation software market. A detailed analysis on the drivers, restraints, opportunities, and trends has been included in the report for the perusal of readers. The report also offers information on the product and business strategies of some of the leading players in the market.

According to the report, the global simulation software market is likely to witness steady growth on account of steadiness in the global automotive industry. The automotive industry is one of the leading end-users of simulation software, and steady demand from this industry is likely to promote the growth of the market during the assessment period. The growth is likely to remain pronounced in China and India, where automotive sales have remained steady over the years.

The report segments the global simulation software market on the basis of end use industry, components and region. The end-use industry segment is further sub-segmented into AEC (architecture, engineering & construction), semiconductor, healthcare, aerospace & defense and automotive. The components segment is bifurcated into software (cloud based and on-premise based) and services (training, consultancy and region). Geographically, the market is divided into key regions globally which are North America, South America, Europe, Asia Pacific and Middle East & Africa.

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According to the report, North America and Asia Pacific are likely to remain key regions for simulation software during the assessment period. Whereas North America will be at the forefront of adoption in terms of innovation, Asia Pacific is likely to witness steady growth on account of rising volume of automotive sales.

The report profiles some of the leading players operating in the market. Some of these players are Altair Engineering, Inc., SimScale GmbH, The AnyLogic Company, ESI Group, Dassault Systemes, Autodesk Inc., ANSYS, Inc., Siemens Product Lifecycle Management Software Inc., The MathWorks, Inc. and Synopsys Inc.

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This release was published on openPR.