Simulation Software Market Trends, Business Overview, Industry Growth and Forecast to 2031

The global simulation software market is anticipated to grow at a CAGR of 15.6% during the forecast period (2024-2031). The rising funding by private and public institutions for the development of 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.

Get Free Sample link @ https://www.omrglobal.com/request-sample/simulation-software-market

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.

Full report of Simulation Software Market available @ https://www.omrglobal.com/industry-reports/simulation-software-market

Market Coverage

Segment Covered-
o By Deployment Type

o By End-User Industry

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Dassault Syste?mes SE, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, SolidWorks Corp., Synopsys Inc.
Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global 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)


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/simulation-software-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.