Simulation Software Market Value Projected to Expand by 2029

Simulation Software Market is anticipated to grow at a CAGR of 15.6% during the forecast period. The rising funding by private and public institutions for the developmentof simulation software to better understand complex condition in real-time by using limited resources is driving the growth of global simulation software market. In July 2021, Mindtech Global, developer of end-to-end synthetic data creation platform (3D simulation of a lost child in a busy parking lot for training AI vision systems) has raised $3.3 million in its funding round led by NPIF.

In the same month, researchers at University College London (UCL) have won grant of $2.7 million from the Engineering and Physical Sciences Research Council (EPSRC) to advance the capacity and reliability of exascale computing, which allows scientists to perform massive simulations and data analyses. Moreover, in June 2021, the Department of Energy (DOE) announced to invest $65 million in public and private funding to commercialize promising energy technologies. This funding has included $4.1 million grant to the Argonne National Laboratory for the development of industrial simulation. The increasing in funding for development of simulation software is making considerable contribution to the growth of the global simulation software market.

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Market Coverage

The market number available for - 2022-2029
Base year- 2022
Forecast period- 2023-2029
Segment Covered-

By Deployment Type
By End-User Industry
Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Dassault Syste?mes SE, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, SolidWorks Corp., Synopsys Inc.
Simulation Software Market Report Segment

By Deployment Type

On-Premise
Cloud
By End-User Industry

Automotive
Healthcare
Aerospace & Defense
Electrical & Electronics
Other (IT & Telecom, Education & Research)
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Simulation Software Market Report Segment by Region

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of The World

Latin America
Middle East & Africa
Company Profiles

Altair Engineering Inc.
Ansys Inc.
Autodesk Inc.
Bentley Systems Inc.
CONSELF Srl
CPFD Software LLC
Cybernet Systems Corp.
Dassault Syste?mes SE
Design Simulation Technologies Inc.
Lanner Group Ltd.
PTC Inc.
Rockwell Automation Inc.
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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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