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Immersive Simulator Market covering growth witnessed across end-use industries | ESI Group, Immerse Learning, Aveva Group Plc, and Schneider Electric SE.

06-07-2019 10:33 AM CET | IT, New Media & Software

Press release from: TMR Research

Immersive Simulator Market covering growth witnessed across

Global Immersive Simulator Market: Trends and Opportunities

The global immersive simulator market is expected to exhibit growth at an excellent pace in the next few years. Immersive simulator-based training solutions are expected to witness increased adoption across high-risk industries such as chemical, power, oil and gas, and mining in the next few years as stringent employee safety guidelines are being instigated. These guidelines, which advocate as well as necessitate the implementation of innovative training measures for employees directly operating in and around heavy machineries or with hazardous substances, will drive the demand for immersive simulator-based training solutions in the near future.

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Global Immersive Simulator Market: Segmentation

The study provides a decisive view of the global immersive simulator market by segmenting it in terms of criteria such as type, application, end-use industry, and geography.

In terms of type, the immersive simulator market is segmented into software, service, and hardware. Of these, the segments of software and hardware are rapidly developing owing to a growing stress on the development of technologically advanced hardware products and software with an expansive set of features. In the next few years, the hardware segment is expected to emerge as the one with the most promising returns.

In terms of application, the market can be segmented into product development, emergency services, and training modules. Of these, the segment of training presently accounts for a massive share in the global market’s revenue and the trend is expected to remain strong over the next few years as well, chiefly owing to the increasing implementation of employee training programs across several industries.

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Of the key end-use industries employing immersive simulation solutions, including oil and gas, chemicals, automotive, power generation, medical, and aerospace and defense, the oil and gas industry presents the market with the most lucrative growth opportunities. The thriving oil and gas industry involves the usage of a vast variety of heavy machinery, also requiring working in close proximity with inflammable as well as hazardous substances. Hence, employee training to tackle emergency situations is one of the core requirements for proper operation of the industry.

The medical industry also presents immense growth opportunities for the global immersive simulator market owing to the increased usage of highly complex and technologically advanced machines, equipment, and devices for diagnosis and treatment purposes. The medical industry is expected to emerge as one of the leading end-users of immersive simulator solutions in the near future.

Global Immersive Simulator Market: Geographical and Competitive Dynamics

Of the key regional markets for the global immersive simulator market analyzed in the report, the Asia Pacific market is presently the leading contributor to market’s revenue owing to large-scale applications across the thriving industrial sector. Industries such as mining, medical, oil and gas, automotive, and defense and aerospace in the region are expected to provide vast growth opportunities for the market in the next few years.

Some of the leading companies operating in the global immersive simulator market are ESI Group, Immerse Learning, Aveva Group Plc, and Schneider Electric SE.

About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

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