Press release
Up-to-date business facts in Simulation and Analysis Software market with +6% CAGR in terms of size for the worldwide channels, along with region-specific channels in the global region.
The consequence of data analytics to the operation and functioning of a business has risen to a large extent in the last few years. With the rising spread of the internet, huge volumes of data is being generated on a regular basis, which creates the need for advanced tools for data management. Rise in need for products with enhanced quality is the major driver for this market. In addition, reduction in time & costs for product designing fuels the market growth. However, high cost of simulation and analysis software and availability of open-source software hinder the market growth.
Simulation and analysis software market valued at $ +5 billion in 2016, and is expected to grow at a CAGR of +6% to reach $ +7 billion by 2022.
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Key players in this market are Altair Engineering (US), Bentley Systems (US), ANSYS (US), PTC (US), Siemens PLM Software (US), Autodesk (US), CPFD Software (US), Cybernet Systems (US), Dassault Systemes (France), Design Simulation Technologies (US), Synopsys (US), and MathWorks (US).
Geographically, North America has dominated the global Simulation and Analysis Software market mainly because of the widespread use of smart technology in important sectors such as healthcare and manufacturing and larger concentration of smart homes. The acceptance of this market is anticipated to surge in small and medium enterprises over the prognosis period, owing to the cumulative application of appropriate market tools to target numerous groups of customers for branding their products, solutions, and services.
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Simulation and Analysis Software Market Research Report 2018-2023
Chapter 1: Simulation and Analysis Software Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Simulation and Analysis Software Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Simulation and Analysis Software Market Effect Factors Analysis
Chapter 12: Simulation and Analysis Software Market Forecast
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