Press release
Multiphysics Simulation Software Market Revenue Share, Insights & Future Outlook
Multiphysics Simulation Software Market SizeThe global Multiphysics Simulation Software market was valued at US$ 261 million in 2023 and is anticipated to reach US$ 350.2 million by 2030, witnessing a CAGR of 4.2% during the forecast period 2024-2030.
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Global Multiphysics Software key players include COMSOL, ESI Group, Ansys, MSC Software (Hexagon), Dassault Systemes, etc. Global top five manufacturers hold a share over 70%.
Europe is the largest market, with a share about 40%, followed by Europe and Asia-Pacific, both have a share about 55 percent. In terms of product, Commercial Software is the largest segment, with a share over 95%. And in terms of application, the largest application is Enterprise R&D Departments, followed by B Research Institutes, Schools, etc.
By Type
• Cloud-based
• On-premises
By Application
• Engineers
• Researchers
• Educatiion
Key Companies
Altair Engineering, Ansys, Autodesk, Comsol, Dassault Systemes (Abaqus Unified FEA), ESI Group, FEATool Multiphysics, Hexagon (MSC Software), Illinois Rocstar, IronCAD, Siemens, SimulationX, Synopsys
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